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By Ray Paulick - Racing has enough problems without a grandstanding politician using his position to wage a personal war with a state regulator.
Tuesday, May 15, 2007Legislation calling for a study of Internet gambling, including the impact of the Unlawful Internet Gambling Enforcement Act of 2006, has been introduced in the U.S. House of Representatives.
Wednesday, May 09, 2007Louisiana operations helped Churchill Downs Inc. narrow its first-quarter loss, the company reported May 8.
Wednesday, May 09, 2007Major horsemen's groups have banded together to ask racetracks and account wagering providers to make the Triple Crown races available to all wagering services in light of a conflict that is spreading ill will as horse racing's most prominent and lucrative day approaches.
Thursday, May 03, 2007Youbet.com won't be offering Derby wagering this year, but its customers will have a shot at $1 million in a contest tied to the two marquee races at Churchill Downs this Friday and Saturday.
Wednesday, May 02, 2007MTR Gaming Group has launched an online account wagering service called RacelineBet.com, which is affiliated with AmericaATB.
Tuesday, May 01, 2007A decision by the AmericaTAB account wagering consortium to join TrackNet Media Group is a sign of support for efforts by Churchill Downs Inc. and Magna Entertainment Corp. to end exclusive contracts, an official said.
Friday, April 20, 2007TrackNet Media Group will be a content provider for AmericaTAB under an agreement announced April 18.
Thursday, April 19, 2007An application by twinspires.com, the new Churchill Downs Inc.-owned account wagering service, was approved by the Virginia Racing Commission.
Wednesday, April 18, 2007Though questions persist about TrackNet Media Group, the entity formed by Churchill Downs Inc. and Magna Entertainment Corp. to buy and sell simulcast signals, it has generated an initial positive response from one of the country's major horsemen's groups.
Tuesday, April 17, 2007The Louisiana Horsemen's Benevolent and Protective Association has decided not to consent to the sending of the signal from Evangeline Downs Racetrack & Casino to TVG under the current exclusive arrangement between the track and racing network.
Friday, April 06, 2007Churchill Downs Inc. has received approval to operate an account wagering hub in Oregon and plans to have its new betting service, twinspires.com, operational before the spring meet begins at Churchill Downs April 28.
Friday, March 30, 2007TVG will air a record number of live broadcasts from Keeneland when the Lexington racetrack's meet begins April 6.
Friday, March 30, 2007Youbet.com will begin offering wagering on racing from Philadelphia Park Casino & Racetrack March 31.
Thursday, March 29, 2007Youbet.com will team with Boyd Gaming's Delta Downs Racetrack & Casino in Louisiana to help build the track's online pari-mutuel handle.
Tuesday, March 20, 2007Account wagering provider Youbet.com said it applauds the partnership between Churchill Downs Inc. and Magna Entertainment Corp. because it should assist in wagering growth.
Tuesday, March 06, 2007Legislation that would allow Colonial Downs to offer Instant Racing has been attached to a bill dealing with account wagering issues and is headed to the floor of the Virginia House of Delegates. Virginia's General Assembly's session ends Feb. 24.
Thursday, February 22, 2007The owner of Beulah Park said a decision by the Thoroughbred Owners of California to pull signals from his Ohio racetrack will only hurt horsemen by triggering a purse cut.
Monday, February 19, 2007A racetrack operator is calling on tracks to take control of simulcasts, which now produce about 85% of pari-mutuel handle in North America.
Tuesday, January 23, 2007Old races may provide new funds to maintain Virginia roads should lawmakers pass a bill that has been re-introduced in the General Assembly. A similar bill that had been submitted during the General Assembly's special transportation session last September was passed over.
Thursday, January 18, 2007WinTicket.com has added live video-streaming to its mobile Web site, which means users can watch races on mobile devices.
Wednesday, January 17, 2007Pinnacle Sports, an offshore gambling enterprise located in Curacao, has stopped taking bets from the United States because of the Unlawful Internet Gambling Enforcement Act of 2006.
Friday, January 12, 2007A judge has denied a request for a restraining order but granted a show-cause order in connection with a lawsuit filed by the Standardbred Owners and Breeders Association of New Jersey against the New Jersey Sports and Exposition Authority and TVG.
Thursday, January 11, 2007The Standardbred Breeders and Owners Association of New Jersey has started legal action in connection with the New Jersey Sports and Exposition Authority's contract awarding TVG exclusive rights to the harness signal from Meadowlands.
Saturday, January 06, 2007TVG will begin offering daily coverage of racing from the United Kingdom and Ireland, as well as the premier harness meet at Meadowlands in New Jersey.
Friday, January 05, 2007The New York State Racing and Wagering Board adopted regulations Dec. 28 that will expand account wagering to include the Internet and other electronic platforms.
Friday, December 29, 2006TVG processed a record-setting $6,708,450 in wagers, including $4,815,799 in wagering on the eight Breeders' Cup World Championships events, Nov. 4 from Churchill Downs.
Tuesday, November 07, 2006The new chief executive officer of Churchill Downs Inc. believes horse racing has an opportunity to move to another level if the industry embraces a new way of thinking.
Friday, November 03, 2006The simmering dispute between the organization representing California's horse owners and the racing television and wagering network TVG appeared unlikely to be resolved heading into the Oct. 26 meeting of the California Horse Racing Board.
Wednesday, October 25, 2006The Ohio Horsemen's Benevolent and Protective Association has indicated Thistledown is authorized to send its signal to Youbet.com, but the California account wagering company has indicated it may not be willing to offer the signal.
Wednesday, October 04, 2006Racing's right to offer account wagering under the amended 1978 Interstate Horseracing Act was reaffirmed in Internet gaming legislation passed early Saturday morning by the U.S. House and Senate.
Saturday, September 30, 2006By Ray Paulick - Increased distribution along with the convenience of telephone or Internet betting resulted in double-digit increases of advance deposit wagering handle in 2003-2005. Del Mar reported a 24% increase one year ago, which makes this year's 7% drop all the more puzzling -- and alarming.
Tuesday, September 19, 2006Hawthorne Race Course, which opens for live racing Sept. 15, and TVG have ended their exclusive contract, which led the Illinois track to strike deals with Youbet.com and XpressBet to offer wagering on its signal.
Friday, September 15, 2006Churchill Downs Inc. exercised its contractual rights in regard to an account wagering dispute in Illinois by revoking permission for TVG sub-licensees to take bets on the Arlington Park signal, a company official said a day after the Arlington meet ended. Meanwhile, it remains unclear whether the Hawthorne Race Course signal would be available through TVG or other account wagering outlets.
Wednesday, September 13, 2006McKay Smith, formerly director of product development for the National Thoroughbred Racing Association and Breeders' Cup, has joined AmericaTab as senior director of marketing.
Wednesday, August 30, 2006Account wagering in California remains mired in a dispute between horsemen and TVG over setting hub fees, officials from both sides told the California Horse Racing Board on Aug. 17, with no guarantee the stalemate will be resolved soon.
Thursday, August 17, 2006On the heels of increased revenue growth from International Racing Group, Youbet.com reported a record second-quarter net income of $2.2 million for the period that ended June 30. The figure is up from $1.3 million in the second quarter of 2005.
Thursday, August 03, 2006Federal officials charged 11 people, including the chief executive of an Internet gambling company, with conspiracy, racketeering, and fraud in taking sports bets from United States residents.
Tuesday, July 18, 2006Despite the opinion of its general counsel that the action could be "fraught with legal risk," the National Horsemen's Benevolent and Protective Association board of directors voted July 16 to endorse a licensing agreement with a group that plans to operate a wagering hub for the benefit of horsemen in North America.
Sunday, July 16, 2006A two-hour discussion on account wagering and secondary pari-mutuel operations July 14 again revealed horsemen have knowledge of situations that suck revenue from purse accounts, but no definitive national strategy to recoup the money.
Friday, July 14, 2006The United States House of Representatives passed the Internet Gambling Prohibition and Enforcement Act July 11 by a vote of 317-93, but defeated an amendment that would extended the proposed ban on Internet gambling to horse racing and state lotteries by apparently superseding existing federal law.
Tuesday, July 11, 2006The International Horsemen's Wagering Assurance Group, which intends to recapture pari-mutuel revenue and funnel it to horsemen, jockeys, and racetracks, announced it has officially opened a secondary pari-mutuel operation with a hub in Las Vegas and call center in Curacao.
Friday, June 09, 2006Legislators from around the country were urged June 2 to study existing regulations in the United States and around the world before they alter their policy statement on Internet gambling.
Friday, June 02, 2006Youbet.com, the online wagering company headquartered in California, plans to review statements given by Rep. John Conyers Jr. of Michigan during the May 2 U.S. House of Representatives Judiciary Committee hearing at which the Democratic Congressman said the company is operating despite a cease-and-desist order from the office of the U.S. attorney general.
Wednesday, May 31, 2006The New Jersey Assembly stepped up the pressure on the New Jersey Sports and Exposition Authority May 22 when it passed a resolution urging the agency to open off-track betting parlors that were authorized by a 1998 constitutional amendment legislatively enacted in 2001. Not one parlor has been built to date.
Friday, May 26, 2006Youbet.com handled $4.2 million Preakness Stakes (gr. I) day to top last year's same day handle by 18.5%. The May 20 figure is the second-highest in the history of the account wagering service.
Wednesday, May 24, 2006On the heels of an announcement by Beulah Park officials that the track's winter/spring meet produced an all-time record handle, the Ohio Horsemen's Benevolent and Protective Association claims the success did little for purses.
Tuesday, May 23, 2006Youbet.com and Harrah's Louisiana Downs have joined forces on a multi-year program that will make the online wagering company the official wagering provider for the Bossier City, La., racetrack.
Tuesday, May 16, 2006TV Games Network set a one-day handle record of $7,555,958 Kentucky Derby day, May 6. The amount was up 18% from Derby day in 2005.
Tuesday, May 09, 2006A dispute between TVG and the Thoroughbred Owners of California was resolved Wednesday afternoon allowing transmission of Hollywood Park's signal on the racing network just minutes before the track's first race of the 2006 season.
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