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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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?
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.
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.
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.
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.
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.
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.
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.
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.
Jokes aside, there could be progress on the pari-mutuel pricing front if comments by industry officials are any indication.
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.
Overall wagering and on-track attendance at Hollywood Park increased during the 32-day fall meet that ended Dec. 22.
TrackNet Media Group and the New Jersey Sports and Exposition Authority have reached an agreement on content from Meadowlands and Monmouth Park for 2008.
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.
The United States and European Union struck a new trade agreement Dec. 18 that will greatly lessen the fight over offshore Internet gambling.
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.
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.
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.
Some patrons of the Breeders' Cup World Championships didn't have a good time, and they aren't blaming it on the weather.
As California continues to wrestle with improving advance deposit wagering, the state welcomed a new provider. TwinSpires.com was awarded an ADW license Oct. 18, making it the fourth company to offer home computer betting on horse racing in the state.
Advance deposit wagering, which in five years has grown to represent about 13.4 % of total handle through the California pari-mutuel system, was reauthorized by Gov. Arnold Schwarzenegger Oct. 13.
A federal search warrant was served at the California headquarters of Youbet.com Oct. 4 as part of a federal investigation being conducted by the U.S. Attorney's Office in Las Vegas, the company has reported.
The Department of the Treasury and the Federal Reserve System are taking public comment on proposed regulations to implement the Unlawful Internet Gambling Enforcement Act of 2006.
Colonial Downs and Virginia horsemen have filed a lawsuit claiming Youbet.com is operating illegally without a license in the commonwealth, and want the advance deposit wagering company to pay back hundreds of thousands of dollars in lost source-market fees.
The chairman of the California Horse Racing Board called for the commission to require that account wagering providers share track betting content as a condition of future licensing.
Account wagering companies no longer are accepting wagers from Arizona residents due to a law that took effect Sept. 19. Violation of the law is a class six felony, which could mean jail time.
The Jockey Club has weighed in publicly on the topic of account wagering economics, urging the pari-mutuel industry to urgently work together to devise a model that benefits horsemen, racetracks, and patrons.
Account wagering, one of the more pressing issues facing the pari-mutuel industry, will be front and center Aug. 19 during The Jockey Club Round Table Conference in Saratoga Springs, N.Y.
Horseplayers upset over the current state of account wagering in the United States are attempting to drum up support for a petition drive aimed at asking the industry's top organizations to intervene.
Horsemen are calling for an end to the stalemate over account wagering; and even though providers say they want it to end as well, there doesn't appear to be a resolution in sight.
Medication, equine health, and the impact advance deposit wagering has on the economics of racing will share the spotlight when The Jockey Club hosts its 55th annual Round Table Conference on Matters Pertaining to Racing Aug. 19 at the Gideon Putnam Resort and Spa in Saratoga Springs, N.Y.
Gemstar-TV Guide, which owns TVG, the account wagering service and horse racing network and publishes TV Guide magazine, said July 9 it had hired investment bankers to explore strategic alternatives, including the sale of the company.
James Burk and Gary Sproule have been named chief financial officer and chief operating officer of Youbet.com, the company announced July 9.
The 8th U.S. Circuit Court of Appeals said it will not review its decision to overturn the case against Susan Bala, the founder of Racing Services Inc. who was convicted in 2005 of illegal gambling.
Churchill Downs Inc. has acquired certain assets of AmericaTAB, Bloodstock Research Information Services, and the Thoroughbred Sports Network, but officials with the Louisville, Ky.-based company said it will be business as usual at the outset.
Kentucky racetracks and horsemen's groups will have to hammer out a new agreement on source-market fees now that Churchill Downs Inc. no longer has an exclusive agreement with account wagering provider TVG.
The United States will no longer have to open itself to foreign providers of betting services, a move the National Thoroughbred Racing Association said will strengthen the online pari-mutuel industry.
TVG has filed a lawsuit against Magna Entertainment Corp., HRTV, and XpressBet for alleged patent infringement, the company announced May 18.
TVG has partnered with Comcast Cable to make the network available to its digital cable subscribers throughout New Jersey.
The financial results of the two biggest racing days for Churchill Downs Inc. show the company's new revenue model for account wagering can be successful, a company official said.
Most Popular Stories
- Seven to Face American Pharoah in Haskell
- Lady Eli Showing Improvement From Laminitis
- Churchill Downs Stock Price Soars
- Real Solution Acquired by Calumet Farm
- Desormeaux Taken Off Mounts at Del Mar
- Management Changes at Fair Grounds
- Delaware Jockey Facing Charges After Shooting
- Keeneland September Sale: 4,164 Yearlings
- For Now, Nine Expected to Race in WV Derby
- Stallion Mr. Big Moves to California