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BloodHorse.com Articles for "advance deposit wagering"

Furosemide Among National HBPA Topics

Furosemide Among National HBPA Topics

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
ADW Tax Bill Introduced in Kentucky House

ADW Tax Bill Introduced in Kentucky House

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
Opinion Opens Door to More Internet Gambling

Opinion Opens Door to More Internet Gambling

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
Panel: Racing Should Invest in Pricing Study

Panel: Racing Should Invest in Pricing Study

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
Kentucky Lawmakers Eye Tax on ADW Bets

Kentucky Lawmakers Eye Tax on ADW Bets

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
NYRA Chief Blasts Attempts to Curb ADWs

NYRA Chief Blasts Attempts to Curb ADWs

Charlie Hayward said putting limits on out-of-state ADWs will hurt New York racing.

 Tuesday, October 11, 2011
Keeneland Launches Its Own ADW Platform

Keeneland Launches Its Own ADW Platform

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
Jockey Club to Lead Racing's Plan for Growth

Jockey Club to Lead Racing's Plan for Growth

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, 2011

California OKs Simulcast Race Limit Increase

California 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, 2011

ADW Expands to All Racetracks in Louisiana

Legislation that will expand advance deposit wagering in Louisiana was signed into law by Gov. Bobby Jindal June 30.

 Friday, July 01, 2011
CDI Poised for Online Betting, Gaming Growth

CDI Poised for Online Betting, Gaming Growth

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, 2011

KY Approves Licensing of ADW, Tote Companies

The 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, Horsemen Have ADW Deal; Purses Hiked

Calder, Horsemen Have ADW Deal; Purses Hiked

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
Calder, Horsemen Still Negotiating on ADWs

Calder, Horsemen Still Negotiating on ADWs

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, 2011

Keeneland to Launch ADW Wagering System

The Keeneland Association has announced it will launch an advanced deposit wagering system this fall.

 Friday, April 22, 2011

NY Casino on Hold; Aid for Racing on Agenda

Lawmakers 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
Santa Anita Handle Down in All Categories

Santa Anita Handle Down in All Categories

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
Evans: CDI Prepared for Internet Gambling

Evans: CDI Prepared for Internet Gambling

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
Gaming, Online Sectors Help CDI Bottom Line

Gaming, Online Sectors Help CDI Bottom Line

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, 2011

Market Competitor Doesn't Sit Well With CDI

Churchill 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
Kentucky Racing Bills Pass Both Chambers

Kentucky Racing Bills Pass Both Chambers

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
NJ Lease: Monmouth, OTW Parlors, ADW Share

NJ Lease: Monmouth, OTW Parlors, ADW Share

The New Jersey Sports and Exposition Authority officially released a request for proposals for the lease of Monmouth Park.

 Friday, March 04, 2011

KY Senate Passes ADW Licensing Legislation

The 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
NJ Governor Says 'No' to Internet Gambling

NJ Governor Says 'No' to Internet Gambling

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, 2011

KY Bill to Regulate ADW Providers Progresses

Legislation 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
CDI: We'll Invest, But KY Must Remain Strong

CDI: We'll Invest, But KY Must Remain Strong

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, 2011

ADW Companies Get California Extensions

Satisfied 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, 2011

Video-Streaming Plan Considered by NY Groups

Racetracks 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 Making Betting More Affordable

Gulfstream Making Betting More Affordable

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, 2010

California ADW Companies Get 30-Day Extension

Temporary 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, 2010

Aspects of ADW Hashed Out in Kentucky

A 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, 2010

Bowker Named GM of Premier Turf Club

Long-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
Strong Third Quarter Overall for Churchill

Strong Third Quarter Overall for Churchill

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
CDI to Terminate About 60 Online Employees

CDI to Terminate About 60 Online Employees

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: Attendance Up, Handle Down a Bit

Del Mar: Attendance Up, Handle Down a Bit

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, 2010

ADW Fee Cap Impacting Illinois Racing

A 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
Document Outlines Suggestions for NYCOTB

Document Outlines Suggestions for NYCOTB

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, 2010

Idaho Track Tries Online Video Streaming

Sandy 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, 2010

Industry Hoping to Avoid ADW Disruptions

The 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
TrackNet Media Partnership Coming to an End

TrackNet Media Partnership Coming to an End

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, 2010

Youbet.com Reports Small First-Quarter Loss

Youbet.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
Williams Says Racing Issues 'Complicated'

Williams Says Racing Issues 'Complicated'

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 OK Merger With CDI

Youbet.com Shareholders OK Merger With CDI

Youbet.com shareholders voted to approve a merger agreement with Churchill Downs Inc., the company announced April 6.

 Wednesday, April 07, 2010
KY Racing Aid Bill Called 'Life Preserver'

KY Racing Aid Bill Called 'Life Preserver'

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
Sanan, Breeders' Cup Back Away From Comments

Sanan, Breeders' Cup Back Away From Comments

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, Youbet.com to Provide Merger Data

Churchill, Youbet.com to Provide Merger Data

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, 2010

New York OTB Report: Racing Being Threatened

A 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, 2010

Internet Bet Regulations Delayed Six Months

Horse 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
CDI 'Well-Positioned' to Make Other Deals

CDI 'Well-Positioned' to Make Other Deals

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
CDI Plans to Acquire Youbet.com for $126.8M

CDI Plans to Acquire Youbet.com for $126.8M

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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