The National Horsemen's Benevolent and Protective Association will tackle several issues, including governmental affairs, high volume pari-mutuel bettors, and use of furosemide on race day during its convention Jan. 12-16.
Wednesday, January 11, 2012
Legislation that would impose an excise tax on advance deposit wagers made by Kentucky residents was introduced in the state House of Representatives Jan. 9.
Tuesday, January 10, 2012
In a reversal from its long-standing interpretation, the U.S. Department of Justice has determined online gambling does not violate federal laws as long as it is conducted on non-sports.
Tuesday, December 27, 2011
Difficulty in obtaining pari-mutuel wagering pool data and detailed player data is a major hindrance to the racing industry determining the optimal price point for takeout rates, symposium speakers said Dec. 7.
Wednesday, December 07, 2011
The Kentucky General Assembly probably will consider legislation in 2012 that taxes bets made by Kentucky residents through advance deposit wagering systems to bolster the Kentucky Thoroughbred Development Fund.
Wednesday, November 16, 2011
Charlie Hayward said putting limits on out-of-state ADWs will hurt New York racing.
Tuesday, October 11, 2011
Keeneland has launched its own advance deposit wagering system, which is available to residents of Kentucky, Arkansas, Florida, Louisiana, and Ohio.
Wednesday, August 17, 2011
The Jockey Club Aug. 14 announced a nine-step plan for the betterment of horse racing and breeding and expects to spend millions of dollars over the next five years to implement it.
Sunday, August 14, 2011California Gov. Jerry Brown has approved legislation that increases from 32 to 50 the limit on the daily number of imported races on which a racing association or fair simulcast facility in the state can accept wagers.
Sunday, July 17, 2011Legislation that will expand advance deposit wagering in Louisiana was signed into law by Gov. Bobby Jindal June 30.
Friday, July 01, 2011
Churchill Downs Inc. expects continued growth in its online wagering business, and with a little help from the Illinois governor, expansion of its gaming operations.
Thursday, June 09, 2011The top horse racing regulatory agency in Kentucky has approved regulations governing the licensing of advance deposit wagering providers and totalizator companies.
Wednesday, June 08, 2011
Calder Casino & Race Course and the Florida Horsemen's Benevolent and Protective Association's board of directors June 3 jointly announced a 7.5% purse increase beginning with Calder's June 3 race card.
Friday, June 03, 2011
As it prepares to open its race meet April 25, Calder Casino & Race Course as of April 22 did not have a contract for Advance Deposit Wagering with the Florida Horsemen's Benevolent and Protective Association.
Saturday, April 23, 2011The Keeneland Association has announced it will launch an advanced deposit wagering system this fall.
Friday, April 22, 2011Lawmakers in New York said they plan to put off until next year passage of a measure permitting casino gambling in the Catskills resort region of the state.
Wednesday, April 20, 2011
Whether gross or average figures are used, pari-mutuel handle for the Santa Anita Park winter/spring was down, according to information compiled from various sources.
Tuesday, April 19, 2011
Churchill Downs Inc. plans to expand beyond pari-mutuel wagering should online gambling be legalized on the state or federal levels, company officials said March 15.
Tuesday, March 15, 2011
Churchill Downs Inc. reported net earnings from continuing operations of $19.6 million in 2010, up from $17.7 million for 2009.
Monday, March 14, 2011Churchill Downs Inc. and Daily Racing Form are at odds over the publishing company's launch of an advance deposit wagering system powered by XpressBet.com, which is owned by CDI rival MI Developments.
Saturday, March 05, 2011
Bills authorizing participation in an interstate racing compact and some oversight of advance deposit wagering companies have passed the Kentucky House and Senate.
Saturday, March 05, 2011
The New Jersey Sports and Exposition Authority officially released a request for proposals for the lease of Monmouth Park.
Friday, March 04, 2011The Kentucky Senate passed a bill March 3 authorizing the licensing of advance deposit wagering companies and a requirement that they report pari-mutuel handle on Kentucky races.
Thursday, March 03, 2011
Republican New Jersey Gov. Chris Christie March 3 vetoed a bill that would have made the state the first in the nation to legalize Internet gambling on something other than pari-mutuel horse racing.
Thursday, March 03, 2011Legislation calling for state licensing of advance deposit wagering companies advanced March 2 as Kentucky lawmakers try to get a handle on the fast-growing operations.
Thursday, March 03, 2011
During an event with political overtones, Churchill Downs Inc. introduced its renovated TwinSpires.com offices in Lexington Feb. 15 with a message: We'll invest in Kentucky as long as it remains horse capital of the world.
Tuesday, February 15, 2011Satisfied that owners were getting as much as possible for purses from a recent state increase in takeout, the California Horse Racing Board granted three advance deposit wagering companies one-year extensions Jan. 20.
Thursday, January 20, 2011Racetracks and OTB corporations in New York are circulating a draft agreement to permit live video streaming of races over the Internet -- a move supporters said could help pick up some business.
Friday, December 17, 2010
Gulfstream Park on Dec. 16 announced its 2011 wagering menu that will include its first Pick 5, with a 50-cent minimum bet, and a major reduction of its Pick 6 minimum bet from $2 to 10 cents.
Thursday, December 16, 2010Temporary license extensions of 30 days to the state's four advance deposit wagering companies were approved by the California Horse Racing Board Dec. 16.
Thursday, December 16, 2010A Nov. 19 discussion of proposed regulations for advance deposit wagering in Kentucky drew calls for disclosure of revenue and concerns over the impact ADW is having on purses in the state.
Friday, November 19, 2010Long-time racing industry executive Todd Bowker has been named general manager of Premier Turf Club, which operates a wagering platform that hubs through Oregon.
Wednesday, November 17, 2010
Churchill Downs Inc. reported net earnings of $3.7 million for the third quarter of 2010, up considerably from a net loss of $1.2 million for the same period in 2009.
Thursday, November 04, 2010
Churchill Downs Inc. will terminate about 60 employees because of what it calls "redundancies" in its online betting operations.
Tuesday, October 05, 2010
Del Mar reported an increase in average daily attendance and decrease in average daily handle for the first five weeks of its 2010 meet.
Monday, August 23, 2010A 5% cap imposed by the Illinois Racing Board on account wagering fees charged by out-of-state racetracks to send their signals to customers in Illinois has led to a significant downturn in wagering from those sources.
Thursday, August 05, 2010
A group of creditors involved in the NYCOTB bankruptcy proceeding has suggested a number of changes, including a 1% surcharge on wagers, according to a June document.
Tuesday, July 27, 2010Sandy Downs in Idaho is experimenting with live video streaming and online wagering through IdaBet.com, the only advance deposit wagering system based in Idaho.
Thursday, July 15, 2010The pari-mutuel industry is taking steps to avoid disruptions to advance deposit wagering stemming from the Unlawful Internet Gambling Enforcement Act of 2006.
Saturday, June 05, 2010
Churchill Downs Inc. and MI Developments said May 14 they will dissolve TrackNet Media Group, a company formed to address signal pricing and distribution.
Friday, May 14, 2010Youbet.com reported a small loss for the first three months of 2010, noting there would have been a similar gain if not for $1 million in expenses tied to its impending merger with Churchill Downs Inc.
Friday, May 07, 2010
Kentucky Senate President David Williams said April 27 issues in the horse racing and pari-mutuel industry are "complicated," but lawmakers intend to continue working on ways to strengthen the business.
Tuesday, April 27, 2010
Youbet.com shareholders voted to approve a merger agreement with Churchill Downs Inc., the company announced April 6.
Wednesday, April 07, 2010
Legislation authorizing Instant Racing, a tax on advance deposit wagering, and a reduction in the pari-mutuel excise tax sailed through the Kentucky Senate Committee on State and Local Government March 11.
Thursday, March 11, 2010
Satish Sanan and Breeders' Cup backed away from statements made March 2 that indicated the organization is close to picking permanent host site.
Wednesday, March 03, 2010
Churchill Downs Inc. has announced that the United States Justice Department has asked for more information related to its proposed $126.8-million deal to buy online rival Youbet.com.
Tuesday, January 26, 2010A state task force is recommending a series of changes in the law to address new competition for dwindling betting dollars and repair a situation that has created a damaging war in New York racing.
Monday, January 25, 2010Horse racing officials said the industry bought some time with the announcement regulations tied to the Unlawful Internet Gambling Enforcement Act won't take effect until June 1, 2010.
Friday, November 27, 2009
Churchill Downs Inc., which announced Nov. 11 plans to purchase Youbet.com and its United Tote subsidiary for about $126.8 million, is on the lookout for other prospective purchases in the area of Internet wagering.
Friday, November 13, 2009
Churchill Downs Inc. is expanding its presence in the advance deposit wagering market with the purchase of Youbet.com for $126.8 million. United Tote is included in the proposed deal.
Wednesday, November 11, 2009
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