AmTote's historical horse racing brand PariMAX, has surpassed the $4 billion-dollar mark in total dollars of handle wagered since the introduction of historical horse racing in January of 2000.
An appeals court upheld a decision by a United States District Court that found no patent infringement by the historic racing company Exacta Systems.
Oaklawn Park has reached a multi-year agreement with United Tote as its new provider for race wagering, ending a long-time relationship with AmTote.
Another court decision went in favor of Kentucky Downs' new provider of historical racing games, Encore Racing Based Games, in litigation brought by RaceTech, the Franklin, Ky., track's former provider of the games.
While disputes over contested racing dates in Northern and Southern California were again pushed back as expected, the California Horse Racing Board took a step toward modifying its disqualification standards July 17.
Attorneys for Kentucky Downs, some of its principals, and Encore Gaming have filed a motion seeking dismissal of a lawsuit filed by the AmTote totalizator company, stating that the claims are unfounded and undocumented.
The AmTote totalizator company has filed a federal lawsuit that claims Kentucky Downs, its principals, and a company that is now providing tote services to the track misappropriated trade secrets and breached a contract.
A Florida-based company said Feb. 12 it will enter the historical race wagering market as a systems, platform, tote, and game provider.
EquiLottery and AmTote announced a newly formed strategic relationship Dec. 18 that will make AmTote the preferred tote provider for EquiLottery.
Instant Racing may have been the way to go all along. read blog
- By Tracy Gantz
A New York regulatory panel has approved a new 10-year tote contract between the New York Racing Association and AmTote International. NYRA had been aligned with Churchill Downs Inc.'s United Tote.
New York state, in the first full day controlling the New York Racing Association, said it will review a tentative deal track officials previously made to replace United Tote as NYRA's totalizator contractor.
Paul Szeflinski has been named director of gaming technical maintenance at Oaklawn Park, succeeding Bruce Jones, who was recently promoted to assistant director of gaming.
The Stronach Group has officially acquired the racing and gaming assets of MI Developments, a company once headed by Frank Stronach.
The Reuters News Service is reporting that owner-breeder Frank Stronach is working out a deal in which he would relinquish control of his real estate company in exchange for some of its racetrack assets.
Prominent Thoroughbred breeder-owner Frank Stronach has taken over as chief executive officer of MI Developments, the racetrack operating company of which he is already chairman.
An entity controlled by the family of Frank Stronach has offered to purchase any or all of the outstanding stock it doesn't already own in racetrack operating company MI Developments.
When state veterinarian Bryce Peckham presented his monthly report to the Kentucky Horse Racing Commission on May 11, it was met with an unusual amount of enthusiasm from the regulators.
Despite inch upon inch of rain and a weather forecast that could have chased away patrons, the May 1 Derby more than held its own. Handle was up across the board.
A bill requiring independent oversight of all pari-mutuel horse race wagering in California was unanimously approved by the state senate's committee on governmental organization April 28.
Santa Anita Park president and chief executive officer Ron Charles has taken on additional duties with the parent company of the racetrack after accepting an appointment as chief operating officer of Magna Entertainment Corp., it was announced Jan. 7.
AmTote Canada will continue to be the tote services provider for Attractions Hippiques Quebec, it was announced Aug. 29.
AmTote, a wholly-owned subsidiary of Magna Entertainment Corp., has entered into a tote service agreement with Woodbine Entertainment Group in Canada.
- By Ryan Conley
With executives from the three largest North American tote companies sitting before them, some attendees in a panel discussion at the 33rd Racing & Gaming Symposium Dec. 6 wondered why the trio of bet-processors couldn't work together better for the convenience of the consumer.
- By Tom LaMarra
As the in-development Wagering Transmission Protocol continues to take shape, the major tote companies in the pari-mutuel industry are heralding upgrades they're making in technology and customer service.
Magna Entertainment Corp. completed a $17.4 million acquisition of AmTote International on Thursday, adding a major provider of totalizator services to its portfolio of horse racing entities.
Ted Mudge, formerly the co-owner and president of AmTote International Inc., has been named president of the account wagering service BrisBet.com.
Magna Entertainment Corp. announced July 26 that it has exercised its first purchase option to acquire an additional 30% equity interest in AmTote International, Inc. and has sent written notice of its intention to exercise its second purchase option to acquire the remaining 40% equity interest in the wagering technology company.
Magna Entertainment announced Monday that Joe DeFrancis, chief executive officer of the Maryland Jockey Club, has been appointed CEO of PariMax, a new company to oversee the development of Magna's "various electronic distribution platforms."
- By Tom LaMarra
Four companies have joined forces to expand the international wagering market, beginning with a racetrack and its off-track betting outlets in Brazil.
- By Jack Shinar
After meeting with state racing industry executives, the national Jockeys' Guild has amended California legislation originally designed to establish heavier minimum riding weights in favor of setting parameters for a national peer review study of jockey health issues.
- By Tom LaMarra
Less than a week after the National Thoroughbred Racing Association released a report that recommended upgrades in wagering technology and a streamlining of tote systems in the United States, Magna Entertainment Corp. acquired a 30% equity and voting interest in AmTote International for $3.82 million.
Arlington Park completed its investigation of a suspicious odds drop on the winner of the second race June 28, Rainy Day Rules, announcing Friday there was no proof of any past-post wagering.
Youbet.com will award "promotional credits" to settle a dispute with players who had winning trifecta bets from the April 12 Wood Memorial deducted from their accounts due to a tote system snafu.
The Illinois Racing Board Monday turned back an effort by Maywood Park Trotting Association and Balmoral Racing Club to strip the National Jockey Club of its intertrack wagering licenses in Peru, Joliet, and Crestwood.
Late additions to the University of Arizona Symposium on Racing agenda stem from the Breeders' Cup Ultra Pick 6 investigation and resulting industry pari-mutuel review.
The Illinois Racing Board, without prior notice and over the angry objections of some track operators, on Nov. 12 slapped an immediate ban on wagers involving more than three races. It also put off licensing two tote companies for next year.
Scientific Games, the parent company to Autotote, fired a software engineer suspected of altering a bet to win the Breeders' Cup Pick 6. An industry task force is expected to be formed to address the integrity of the country's tote systems.
Former AmTote president Ted Mudge began working at Magna Entertainment this week.
Automated pari-mutuel tellers that accept bills have disappeared from several racetracks over the past few weeks because of fraud. In July, racetracks and tote companies discovered they were being ripped off by patrons who were “stringing” the automated betting machines.
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