Advanced Deposit Wagering

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Kentucky Tables Action on ADW Regulation

Kentucky Tables Action on ADW Regulation

Advanced Deposit Wagering regulations that would be among the stiffest in the country were tabled during the Kentucky Horse Racing Commission's meeting Dec. 13 after objections were raised by the president of Churchill Downs.

TrackNet Media CEO Comments on Impasse With Youbet.com

  • News

In response to a release and teleconference by Youbet.com Monday concerning an impasse in its negotiations with TrackNet Media Group over account deposit wagering, Scott Daruty, chief executive officer of TrackNet Media Group, released a statement outlining his company's position.

Del Mar Announces Purse Hike

  • News

Del Mar announced a 5% increase in overnight purses for the remainder of its 43-day meeting. The increase is retroactive to the beginning of racing on July 24.

Youbet Joins Stable; Account-Bet Handle Tops $5M

  • News

Youbet.com has been licensed by the California Horse Racing Board to offer account-wagering services to residents of California, effective immediately. Meanwhile, through Feb. 18, account-wagering handle through two other systems topped $5 million in the Golden State.

TOC: Some NTRA Money Should Go to Purses

The Thoroughbred Owners of California is using a deal with Magna Entertainment as leverage in an attempt to garner a greater share of pari-mutuel takeout from account wagers made through the TV Games Network. In question is a share of the money TVG pays to the National Thoroughbred Racing Association.

XpressBet Said to Take Off on First Weekend

  • News

XpressBet, Magna Entertainment's revamped Internet and telephone service for in-home wagering, was "overwhelmed" by applications from prospective customers during its launch Jan. 26-27, a top company official said.

TV Distribution Still Unclear for California Tracks

  • News

With the California Horse Racing Board only days from ruling on four applications for license to conduct advance deposit wagering, it isn't clear where three of the state's major tracks -- Santa Anita Park, Bay Meadows, and Golden Gate Fields -- are going to have their races televised.

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