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Status Quo, 'Welfare' Mentality Big Threats

If the horseracing industry fails to make voluntary changes it has resisted for decades, the only things that may save it from doom are involuntary changes brought on by forces in the gambling and entertainment marketplace, officials said Oct. 13.

New Developments on International Wagering

Scientific Games Racing, a division of Scientific Games Corporation, has announced that it has reached an agreement to provide Betfair Games Limited with services and technologies to allow all Betfair account holders to view race and pool data and wager into North American pari-mutuel tote pools, with approval of relevant regulatory authorities.

ADWs Grab Larger Share in First Quarter

Led by strong performances from Twinspires.com and Youbet.com, collective handle for the four largest domestic advance deposit wagering platforms increased by roughly 15% in the first quarter of the year, while their overall share of the national betting pie grew by more than 2%.

Betfair Has Hopes for U.S. Exchange Betting

Betfair wants to establish a worldwide betting exchange that includes the United States, but will focus its U.S. efforts for now on strengthening its newest acquisition, the TVG horse racing network, an official with the London-based wagering conglomerate said recently.

Industry Awaits Betfair Plans for TVG

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.

Betfair, U.S. Horsemen Continue Talks

Betfair, the Great Britain-based online betting exchange, continues to negotiate with officials in the United States and is inching closer to a deal by which it would compensate horsemen for use of their product.

Television Coverage of Racing May Have Sponsor

Television coverage of racing in Great Britain seems safeguarded for at least the next two years following the announcement that Channel 4 is in exclusive negotiations about sponsorship with Dubai Holding, whose chairman is leading owner/breeder Sheikh Mohammed.

Dozen Charged in British Racing Probe

An investigation by the security department of Britain's Horseracing Regulatory Authority has resulted in 12 individuals, including four jockeys and a trainer, facing several charges in relation to 40 races run between September 2004 and March 2005.

Betfair Official Says U.S. Racing Could Make Millions

Betfair, the rapidly growing exchange-wagering provider based in Great Britain, believes it could provide up to $50 million in new revenue for itself, racetracks, and horsemen by 2008 should it be permitted to operate in the United States.

Weil: Racino Model Isn't Industry's Savior

The horse racing industry should exploit the growth of sports betting, broaden its distribution, and develop new content rather than looking to racinos as an industry "savior," according to Scientific Games chairman and chief executive officer A. Lorne Weil.

TRPB, Betfair Sign Information Agreement

The Thoroughbred Racing Protective Bureau and Betfair, a betting exchange based in Great Britain, have signed a memorandum of understanding that allows the TRPB to obtain information on betting activity.

Debate on Betting Exchanges Heats Up

Chris Schef, executive vice president of Thoroughbred Racing Associations, said the U.S. racing industry can't afford to allow Internet betting exchanges to continue to infringe illegally, and suggested the industry form its own exchange to monopolize the U.S. market.

Jockeys, Trainers Charged by British Jockey Club

The British Jockey Club has charged two jockeys, Gary Carter and Pat McCabe, and a trainer, Shaun Keightley, with holding horses back in flat races following investigations. The cases center on Christopher Coleman, a bettor and London tailor who was warned off for two years in January 2003.

Betfair Hails Groundbreaking Agreement

Betfair has taken significant steps in its bid to revolutionize betting, with the announcement of the finalization of its Memorandum of Understanding with the Jockey Club. The groundbreaking agreement is the result of many months' work between the two organizations.

Wanna Bet?

Wanna Bet?

By Ray Paulick -- An online betting exchange poses a serious threat to horse racing because none of the money wagered is passed on to the industry.

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