TVG has reached an agreement with TrackNet Media Group that allows it to offer wagering on racing from Churchill Downs and Fair Grounds Race Course & Slots.
6 days ago
The president of Churchill Downs Inc. said he believes recent developments with the makeup of the Kentucky General Assembly are positive and could help lead to legalization of video lottery terminals at racetracks in the state.
Friday, October 30, 2009
Churchill Downs and Kentucky horsemen have reached a three-year agreement that sets purse payments, establishes purse supplements and ends a legal dispute that began in the spring of 2008.
Saturday, October 24, 2009
Dawn Haden will replace Jeff True as president of United Tote, parent company Youbet.com has announced.
Tuesday, October 06, 2009
A shorter racing week helped Del Mar register gains in average daily attendance and pari-mutuel handle, the California racetrack reported Sept. 9, closing day of the meet.
Thursday, September 10, 2009
The North Dakota Racing Commission announced significant interest by account wagering companies since the enactment of House Bill 1551 into law July 1. The new tax law significantly reduces the state tax levied on account wagering and removes the 4% tax assessment on the first 11 millions wagered.
Thursday, September 03, 2009
Youbet.com reported Aug. 12 a 3% increase in revenue for the second quarter of 2009 but a 27.9% decrease in net income.
Thursday, August 13, 2009
TVG and Penn National Gaming Inc. have reached a two-year deal in which the network will broadcast and offer wagering on races from tracks owned by the company. TVG began broadcasting PNGI races Aug. 1.
Wednesday, August 05, 2009
At the urging of the New York State Racing and Wagering Board, the New York Racing Association July 29 -- opening day of the Saratoga meet--authorized restoration of its televised signal to the in-home distribution network of Nassau Regional Off-Track Betting Corp.
Wednesday, July 29, 2009
TVG announced June 8 an agreement with TrackNet Media Group that allows its affiliated Web sites -- TwinSpires.com and XpressBet.com -- to accept online wagers on TVG-exclusive racetracks.
Monday, June 08, 2009
The New Jersey racing scene shifts to Monmouth Park May 9 after kicking off with a six-day Atlantic City Race Course meet at which total handle quadrupled.
Tuesday, May 05, 2009
TVG said April 24 it will make good on winning wagers that were canceled due to a now-resolved dispute the horse racing network had with Hollywood Park.
Friday, April 24, 2009
Youbet.com has signed three agreements that will enable its members to watch and wager on racing from South Africa, Sweden, additional tracks in the United Kingdom, and Puerto Rico, providing nearly 24-hour-a-day racing coverage.
Friday, March 27, 2009
A Kentucky lawmaker has introduced legislation that would impose a 3.5% tax on out-of-state advance deposit wagering companies that take bets from Kentucky residents.
Tuesday, February 24, 2009
Advance deposit wagering outlets owned by TrackNet Media, TwinSpires.com and XpressBet, as well as Youbet.com, will be taking bets on the upcoming 2009 Oaklawn racing season under an agreement announced Dec. 31.
Wednesday, December 31, 2008
After running the longest Thoroughbred meet in its 12-year history at 45 days, officials with Colonial Downs Dec. 17 proposed a 25-day meet in 2009.
Thursday, December 18, 2008
An impasse in California over fee rates for interstate advance deposit wagering that has had a negative impact on Hollywood Park's fall meet ended Nov. 21 with the announcement that one-year deals with the four licensed providers in the state have been reached.
Friday, November 21, 2008
In a high-stakes "game of chicken," the California Horse Racing Board pushed account wagering a little closer to the edge Nov. 18 when it declined to renew the licenses of the state's four Internet and telephone bet companies.
Wednesday, November 19, 2008
The Bush administration issued a final regulation Nov. 12 aimed at banning Internet gambling, drawing criticism from Democrats who said it would burden financial companies.
Thursday, November 13, 2008
About 1,000 Thoroughbreds could be forced to leave the grounds of Beulah Park by the end of this year if the racetrack and horsemen's association don't have a deal for advance deposit wagering revenue in place by Nov. 21, the day the Ohio State Racing Commission will award racing dates for 2009.
Tuesday, November 04, 2008
Out-of-state account wagering bettors remained locked out of Hollywood Park races as a contract dispute between the Thoroughbred Owners of California and the four advance deposit wagering companies showed no sign of resolution Oct. 30, the second day of the fall meet.
Thursday, October 30, 2008
A stalemate between California horsemen and advance deposit wagering companies kept Hollywood Park's out-of-state signal unavailable on opening day of the track's fall season Oct. 29.
Thursday, October 30, 2008
Beulah Park, locked in a dispute that centers on revenue from advance deposit wagering, intends to resume live racing Oct. 22 but with greatly reduced purses and no export of its signal outside of Ohio.
Tuesday, October 21, 2008
After more than a year of discussion, the California Horse Racing Board has deferred any action on a proposed rule that would prohibit advance deposit wagering companies from making exclusive wagering agreements with Thoroughbred racetracks in the state.
Thursday, October 16, 2008
Support for reform of the revenue model for advance deposit wagering continues to increase, but as evidenced Sept. 30 during the International Simulcast Conference, it's looking more and more like a long-term project.
Tuesday, September 30, 2008
Mike Ziegler, most recently vice president and assistant general manager at Hollywood Park, has been named senior vice president of California-based Youbet.com, the company announced Sept. 16.
Tuesday, September 16, 2008
Ellis Park, which nearly closed a month ago due to stalled negotiations with horsemen over a new advance deposit wagering contract, announced it will increase purses by 5% beginning Aug. 13 through the close of the current meet Sept. 1.
Saturday, August 09, 2008
With the looming expiration of an experiment to share racetracks among account wagering companies in California, representatives continue to meet in hopes of an agreement in time for the start of the Del Mar summer meet July 16.
Friday, July 11, 2008
The Thoroughbred Horsemen's Group is calling for a meeting with the Thoroughbred Racing Associations to discuss advance deposit wagering revenue given ongoing conflict between horsemen, racetracks, and ADW providers over equitable revenue splits.
Wednesday, July 09, 2008
The Florida Horsemen's Benevolent and Protective Association issued a statement July 8 thanking Calder horsemen who "took the full brunt" of purse cuts during a 2 1/2-month dispute with track owner Churchill Downs Inc.
Tuesday, July 08, 2008
Negotiations between Ellis Park and the Kentucky Horsemen's Benevolent and Protective Association continued July 5 in an effort to resolve a dispute that led the western Kentucky racing to shut down the day before its summer meet was to begin.
Saturday, July 05, 2008
The TRA and KEEP have weighed in on the announced closure of Ellis Park in western Kentucky. They blame lack of a long-term, industry strategy on advance deposit wagering, and inability to compete with other states, respectively.
Thursday, July 03, 2008
Ellis Park's owner said the western Kentucky racetrack won't hold its meet this summer, though horsemen want the Kentucky Horse Racing Authority to intervene. Could another track get the dates?
Thursday, July 03, 2008
The Thoroughbred Owners of California board of directors has unanimously endorsed the negotiating model created by the Thoroughbred Horsemen's Group, and has authorized the THG to represent the TOC in future simulcast negotiations, including in advance deposit wagering negotiations.
Tuesday, June 17, 2008
Officials with Magna Entertainment Corp. and the Thoroughbred Horsemen's Group have met twice recently to discuss the ongoing conflict over revenue splits for advance deposit wagering, though the sides aren't close to striking a deal.
Monday, May 12, 2008
Declines in on-track wagering, a dispute with the New York Racing Association over signal fees, and horsemen's refusal to allow six major advance deposit wagering outlets to take its signal has led River Downs to cut purses 15%-18% effective May 8.
Friday, May 02, 2008
Churchill Downs Inc. has invested $100 million in advance deposit wagering for a reason: The company believes it's the major growth channel for pari-mutuel wagering, as well as a means to drive traffic to the racetrack, CDI president and chief executive officer Bob Evans said.
Tuesday, April 29, 2008
The Florida Horsemen's Benevolent and Protective Association said April 16 though advance deposit wagering remains a major issue, it believes there has been progress in other areas of contract talks for the Calder Race Course meet that begins April 21.
Thursday, April 17, 2008
Florida horsemen and officials at Calder Race Course and parent company Churchill Downs Inc. met April 14 but did not agree on contracts for the Calder meet that begins April 21.
Tuesday, April 15, 2008
HorseRacing TV has reached an agreement with Comcast Cable in the greater Chicago region for carriage of the 24-hour horseracing network beginning April 30, just in time for the Arlington Park meet.
Monday, April 14, 2008
Account wagering companies that take bets on races from Lone Star Park must agree to a new formula that gives an equal share of pari-mutuel revenue to the racetrack, horsemen, and the wagering provider.
Thursday, April 10, 2008
Jokes aside, there could be progress on the pari-mutuel pricing front if comments by industry officials are any indication.
Tuesday, January 08, 2008
The question of whether state legislators should become more involved in pari-mutuel pricing and distribution continues to be asked, and at this point, there doesn't appear to be an answer--at least a definitive one.
Saturday, January 05, 2008
Overall wagering and on-track attendance at Hollywood Park increased during the 32-day fall meet that ended Dec. 22.
Friday, December 28, 2007
TrackNet Media Group and the New Jersey Sports and Exposition Authority have reached an agreement on content from Meadowlands and Monmouth Park for 2008.
Wednesday, December 26, 2007
The current pari-mutuel structure has captured the attention of state legislators who will discuss the situation--and whether or not they need to get involved--during the National Council of Legislators from Gaming States winter meeting Jan. 4-6, 2008.
Thursday, December 20, 2007
The United States and European Union struck a new trade agreement Dec. 18 that will greatly lessen the fight over offshore Internet gambling.
Wednesday, December 19, 2007
The head of the National Horsemen?s Benevolent and Protective Association has suggested the horseracing industry create an entity to assist in the marketing and distribution of its product, in this case racing signals.
Wednesday, December 05, 2007
The impact of television on account wagering will be watched closely during an experiment in California that began Nov. 7 with the opening of Golden Gate Fields and Hollywood Park.
Thursday, November 15, 2007
California will embark on an eight-month experiment Nov. 7 that will allow all advance deposit wagering providers in the state access to all Thoroughbred signals.
Monday, November 05, 2007
