Advance Deposit Wagering

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Youbet Expands International Offerings

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.

Tin Cup Needed for KY Racing Commission

Tin Cup Needed for KY Racing Commission

The multi-year quest for a stable funding source for the Kentucky Horse Racing Commission took another turn March 10 when legislation to increase the powers of the KHRC unanimously passed a Senate committee. Whether the bill is approved--and whether the commission gets a new funding source--could be determined on the Senate floor.

Industry Awaits Betfair Plans for TVG

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Industry Awaits Betfair Plans for TVG

British-based Betfair Group, which announced Jan. 27 it had completed its acquisition of TV Games Network from Macrovision for $50 million in cash consideration, is hopeful its new holding helps it make inroads in the United States market, which it has courted for years.

Colorado Horse Groups Make Case for Bill

Horsemen from all parts of Colorado rallied at the state capitol Jan. 20 to support efforts by the horse industry to pass legislation designed to revitalize the economics of the industry in Colorado through advance deposit wagering and Instant Racing.

TwinSpires to Show Handicapping Tourney

TwinSpires.com, the official advance deposit wagering service for Churchill Downs Inc., will provide an inside look at the DRF/NTRA National Handicapping Championship from Red Rock Casino in Las Vegas by providing online video coverage of the event throughout the Jan. 23-24.

Churchill, Horsemen Reach ADW Agreement

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Churchill, Horsemen Reach ADW Agreement

Churchill Downs has announced it has come to terms with horsemen over advance deposit wagering splits for the 2009 spring meeting at the Louisville, Ky., racetrack. The meet begins April 25.

ADW Deals Reached on Calder, Gulfstream

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ADW Deals Reached on Calder, Gulfstream

The Florida Horsemen's Benevolent and Protective Association said Dec. 22 it has reached agreements on advance deposit wagering contracts with Calder Race Course and Gulfstream Park.

Deal Averts 'Immediate Disaster' in Ohio

Deal Averts 'Immediate Disaster' in Ohio

Racetrack management and horsemen in Ohio struck an agreement Dec. 16 that will reinstate more than 160 Thoroughbred racing dates at Beulah Park and River Downs in 2009, and save more than 1,000 horses at Beulah Park from being forced out of the track's stable area by Dec. 27.

Crunch Time for Horsemen, Horses in Ohio

With a little more than two weeks remaining before the scheduled shutdown of the barn area at Beulah Park, management and horsemen still have no deal to continue live racing in January. But developments on a national level could quickly turn things around.

160-Plus Race Dates Lost in Ohio Carnage

160-Plus Race Dates Lost in Ohio Carnage

Winter racing at Beulah Park was plowed under and the spring/summer meet at River Downs went up in flames Nov. 21 when the Ohio State Racing Commission awarded 2009 dates that represent a loss of more than 160 days of Thoroughbred racing at the two tracks.

Without ADW Deal, Horses May Get Boot

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.

California Defers ADW Rule Change

California Defers ADW Rule Change

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.

Hollywood, Horsemen Reach Tentative Pact

Hollywood, Horsemen Reach Tentative Pact

California horsemen and Hollywood Park reached a tentative agreement Oct. 10 that allows the track to operate its 40-day autumn race meet, but a stalemate over host fees to be paid by account wagering companies for interstate bets remains unresolved.

ADW Model: Who's Right, Who's Wrong?

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.

Ziegler Named Youbet.com Senior VP

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Ziegler Named Youbet.com Senior VP

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.

No Early Issue with Breeders' Cup Signal

No Early Issue with Breeders' Cup Signal

Early handicapping on signal distribution of the Breeders' Cup World Championships shows the prestigious event will be available to a wide variety of outlets and bettors, at first glance calming fears of any "signal wars" fallout evident in other revenue-sharing disputes involving advance deposit wagering.

MEC Working With THG on Pricing Model

MEC Working With THG on Pricing Model

Magna Entertainment Corp., in a statement issued the evening of Aug. 28, acknowledged it is having discussions with the Thoroughbred Horsemen's Group on what company chairman Frank Stronach called "a new framework" for pari-mutuel economics.

Topics: THG and Future of Racing on TV

Topics: THG and Future of Racing on TV

The Thoroughbred Horsemen's Group, which advocates a new economic model for pari-mutuel wagering and has been engaged in high-profile battles in the racing industry, isn't going away anytime soon, its president said July 18.

THG to Racetracks: Let's Meet on ADW

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.

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