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Illinois racing dates may be vacated and laboratory operations curtailed if the state legislature does not quickly reauthorize advance deposit wagering, Illinois Racing Board officials said April 30.
Tuesday, April 30, 2013The Arcadia, Calif., track received final handle figures for its winter-spring meeting April 25. Handle improved 3% to $710,813,700. That increase came during a first quarter that saw U.S. handle decline 2.81%.
Friday, April 26, 2013
Despite concerns voiced by one member, the Kentucky Horse Racing Commission has approved an additional 40 historical race wagering machines and additional types of games and wagers at Kentucky Downs.
Tuesday, April 09, 2013The Kentucky House Appropriations and Revenue Committee passed legislation authorizing a tax on advance deposit wagering Feb. 12, but it remains to be seen if all parties agree on the language in the measure.
Wednesday, February 13, 2013
Legislation authorizing use of mobile devices for betting on horse races was signed into law by New Jersey Gov. Chris Christie Jan. 28.
Tuesday, January 29, 2013At least three of four major advance deposit wagering companies continue to take bets from Illinois residents even though the action is illegal as of the beginning of the year, the Illinois Racing Board said Jan. 3.
Thursday, January 03, 2013Advance-deposit wagering will be illegal in Illinois effective Jan. 1, 2013, because the General Assembly has failed to renew enabling legislation, the Illinois Racing Board ruled Dec. 18.
Tuesday, December 18, 2012The online wagering market will gain a new player this spring after Sportech Venues gained state approval to launch an Advance Deposit Wagering service at its Winners off-track betting unit in Connecticut.
Friday, December 14, 2012
Churchill Downs Inc. officials said Nov. 6 the company had a "decent" third quarter in 2012 and is poised for growth in 2013-14.
Tuesday, November 06, 2012Customers continue to receive letters from TwinSpires.com informing them of an early August security breach that allowed access to basic personal information.
Wednesday, September 12, 2012Due to a reporting error on in-state advanced deposit wagering bets during the final two weeks of the Del Mar meeting, the track has adjusted slightly downward its final figures on handle for its just-concluded meeting.
Friday, September 07, 2012
AmWest Entertainment has launched a player-driven wagering website called AmWager.com, the company announced Aug. 1.
Wednesday, August 01, 2012
Churchill Downs Inc. reported net earnings of $1.4 million in the first quarter of 2012, a reversal from a $3.2 million loss during the first three months of 2011.
Tuesday, May 08, 2012
TVG, the racing network and advance deposit wagering service, reported substantial pari-mutuel handle gains by partner racetracks April 14.
Tuesday, April 17, 2012Sportech launched several initiatives, including a Spanish-language wagering website for Camarero Race Track in Puerto Rico and advance deposit wagering through Evangeline Downs & Casino in Louisiana.
Thursday, April 05, 2012
The New Jersey Sports and Exposition Authority said March 1 it has reached an agreement with the New Jersey Thoroughbred Horsemen's Association for the lease of Monmouth Park in time for the track's 2012 racing season.
Thursday, March 01, 2012Representatives of eight advance deposit wagering companies seeking licenses to do business in Kentucky appeared before a racing commission subcommittee Feb. 29 to answer questions about their applications.
Wednesday, February 29, 2012Legislation that would tax pari-mutuel wagers made by Kentucky residents through advance deposit wagering services passed the House of Representatives by a 79-15 vote Feb. 24.
Saturday, February 25, 2012Legislation that would tax pari-mutuel wagers made by Kentucky residents through advance deposit wagering services was approved in committee Feb. 21 and heads to the House of Representatives.
Tuesday, February 21, 2012Prairie Meadows Racetrack and Casino and the Iowa Horsemen's Benevolent and Protective Association have selected TVG as the provider for an advance deposit wagering system.
Thursday, February 02, 2012
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
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
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, 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, 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
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.
Monday, December 13, 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
Another look at some of the issues of the day, post-Breeders' Cup.
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.
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