Originally scheduled to take place in New Orleans, the International Simulcasting Conference kicked off Monday afternoon in San Diego with discussions focusing on the future trends in gambling and the growing presence of Internet wagering.
A representative of the most publicized betting exchange in the world indicated the company is actively seeking a partnership with the United States pari-mutuel industry.
Betting exchanges were a hot topic at the 30th Asian Racing Conference Tuesday as representatives from Australia and the United Kingdom went head to head on the issue of online betting sites and their impact on the future of horseracing.
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.
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.
More people connected with racehorses in Great Britain will be banned from betting them to lose effective Dec. 1, the British Jockey Club has ruled.
Following the placement of the British betting company Sporting Options under administration, meaning it has financial problems, other betting exchanges were quick to assure customers that their accounts were safe.
The British Jockey Club held disciplinary hearings the week for two cases but failed to make the main charges stick in regard to wagers made on horses through betting exchanges and bookmakers.
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.
The International Federation of Horse Racing Authorities has created an executive director position to oversee the design and implementation of a plan to curtail illegal wagering around the world.
America TAB, an account-wagering service whose majority owners are Beulah Park and River Downs in Ohio, said it would pursue legal action after having discovered a betting service has been pirating live racing signals from its Web site.
A principal in a company that develops software for betting-exchange wagering said North America has the structure in place to make it benefit the horse racing industry.
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