As the first Thoroughbred track in Ohio prepares to open its video lottery terminal facility, purses are up. But some longtime horsemen in the state are on a waiting list for stalls.
Horsemen hashed out the issue of high-volume bettors and rebates Jan. 13, and in the process got a fairly detailed look at their impact on pari-mutuel Thoroughbred racing in the United States.
One old betting axiom -- "shut out at the window" -- has taken on a whole new meaning when paired with a relatively new one in the racing industry lexicon: "signal wars."
Prominent Thoroughbred Owner Mace Siegel, vice president of the Thoroughbred Owners of California, has given $100,000 to support the Thoroughbred Horsemen's Group and its efforts to protect live horse racing.
United States District Court Judge Michael Watson granted the Ohio Horsemen's Benevolent and Protective Association's motion for partial judgment on the pleadings in its lawsuit versus the Ohio State Racing Commission, Beulah Park, River Downs, Chester Downs, and others.
Magna Entertainment Corp., in a statement issued the evening of Aug. 28, acknowledged it is having discussions with the Thoroughbred Horsemen's Group on what company chairman Frank Stronach called "a new framework" for pari-mutuel economics.
The Thoroughbred Horsemen's Group, which advocates a new economic model for pari-mutuel wagering and has been engaged in high-profile battles in the racing industry, isn't going away anytime soon, its president said July 18.
A fan-friendly experiment to share racetracks among California's advance deposit wagering companies has ended with the start of the Del Mar meet July 16.
At least two racetrack operators aren't pleased with recent developments concerning advance deposit wagering revenue, and one indicated closure of his track isn't out of the question should the conflict continue.
The Thoroughbred Horsemen's Group is calling for a meeting with the Thoroughbred Racing Associations to discuss advance deposit wagering revenue given ongoing conflict between horsemen, racetracks, and ADW providers over equitable revenue splits.
Louisiana horsemen have approved a deal allowing Youbet.com and Premier Turf Club the signal to Louisiana Downs, the first agreements reached with any advance deposit wagering companies under the auspices of negotiating with the Thoroughbred Horsemen's Group.
Players involved in the fractious negotiations with Churchill Downs over revenue sharing on the evening of May 13 exhorted a gathering of more than 150 horsemen to stay the course in the standoff and support their efforts.
Officials with Magna Entertainment Corp. and the Thoroughbred Horsemen's Group have met twice recently to discuss the ongoing conflict over revenue splits for advance deposit wagering, though the sides aren't close to striking a deal.
It's difficult to gauge the immediate effect of the ongoing dispute with Kentucky horsemen on the Churchill Downs' spring meet, as handle on racing from the opening weekend at the Louisville track was down only slightly from 2007, according to one data source.
TrackNet Media Group said April 22 it doesn't like a proposal from horsemen that would allow advance deposit wagering companies the cards of the Kentucky Derby Presented by Yum! Brands (gr. I) and the Kentucky Oaks (gr. I), locking in place a stalemate over broader revenue sharing models.
Horsemen at odds with TrackNet Media Group over advance deposit wagering revenue sharing plans are suggesting a plan that would allow all ADWs to carry programs of both the May 2 Kentucky Oaks (gr. I) and May 3 Kentucky Derby Presented by Yum! Brands (gr. I).
Horsemen at odds with TrackNet Media Group over advance deposit wagering revenue sharing plans are proposing an arrangement that would allow all ADWs to carry programs of both the May 2 Kentucky Oaks (gr. I) and May 3 Kentucky Derby Presented by Yum! Brands (gr. I).
Consider this chilling scenario: Customers of several advance deposit wagering companies - and possibly some large off-shore rebate shops - won't be able to place wagers on the Kentucky Derby Presented by Yum! Brands (gr. I) through those entities.
The Thoroughbred Horsemen's Group claims it wants advance deposit wagering entities to pay a fairer share into purse coffers, but those on the other side of the negotiating table claim the math simply doesn't add up.
Account wagering companies that take bets on races from Lone Star Park must agree to a new formula that gives an equal share of pari-mutuel revenue to the racetrack, horsemen, and the wagering provider.
The clock is ticking on negotiations between the Ohio Horsemen's Benevolent and Protective Association and Thistledown, the Cleveland-area racetrack whose 2008 Thoroughbred meet is in jeopardy because of a conflict over racing dates.
The Horsemen's Benevolent and Protective Association of Ontario is the latest horsemen's group to join the Thoroughbred Horsemen's Group, which was established Dec. 5 to facilitate simulcast activities for horsemen and improve pari-mutuel economics.
The Thoroughbred Owners of California and Arkansas Horsemen's Benevolent and Protective Association have joined the new Thoroughbred Horsemen's Group, launched Dec. 5 to facilitate simulcast activities and improve the economics of the pari-mutuel model.
Eight horsemen?s groups from around the United States have joined together to form a coalition designed to improve racing economics, specifically in the area of generating more purse revenue from interstate simulcasts.
The Ohio Horsemen's Benevolent and Protective Association has indicated Thistledown is authorized to send its signal to Youbet.com, but the California account wagering company has indicated it may not be willing to offer the signal.
A two-hour discussion on account wagering and secondary pari-mutuel operations July 14 again revealed horsemen have knowledge of situations that suck revenue from purse accounts, but no definitive national strategy to recoup the money.
On the heels of an announcement by Beulah Park officials that the track's winter/spring meet produced an all-time record handle, the Ohio Horsemen's Benevolent and Protective Association claims the success did little for purses.
The Ohio Horsemen's Benevolent and Protective Association voted Dec. 13 to oust president Gus George and replace him with Jim Yaegel, who will complete the term through the fall of 2006.
The Ohio State Racing Commission unanimously granted the request of Thistledown to withdraw its live signal from Northfield Park, which is a harness track located six miles from the Magna Entertainment-owned Thistledown.
Racing interests in Ohio continued to negotiate Nov. 1 to seal the deal on a 2005 live racing schedule that would reduce dates for Thoroughbred and Standardbred racing by more than 10%. But time was running out.
A plan to reduce live racing dates in Ohio by more than 10% in an effort to keep the horse racing industry afloat may hinge on an agreement between three Thoroughbred tracks and the Ohio Horsemen's Benevolent and Protective Association.
A stalemate between Thoroughbred and Standardbred horsemen in Ohio continued when the Ohio Harness Horsemen's Association declined a proposal by the Ohio Horsemen's Benevolent and Protective Association to submit to mediation to resolve financial issues tied to state law.
The Ohio Horsemen's Benevolent and Protective Association and Beulah Park have struck a deal on revenue splits for account wagering, but the chief negotiator for the horsemen's group called it a big-picture issue that needs attention and leadership on the national level.
The Ohio State Racing Commission Feb. 19 deferred action on a request from the Ohio Horsemen's Benevolent and Protective Association to withhold Thoroughbred signals that originate in the state from account wagering companies. It scheduled a hearing for March 1 to further discuss the issue.
The Ohio Horsemen's Benevolent and Protective Association has asked the Ohio Harness Horsemen's Association to agree to mediation in an effort to resolve "program and policy differences" between the Thoroughbred and Standardbred industries in the state.
The Ohio Horsemen's Benevolent and Protective Association has told regulators state laws favor the Standardbred industry to the point where Thoroughbred racing is unfairly paying millions of dollars at a time when it badly needs the money.
Most Popular Stories
- V. E. Day Gives Lezcano Win 2,000 in Curlin
- Dance With Fate's Exercise Rider Has Surgery
- Whitney Card's Grade I Races Taking Shape
- LoPresti Unfazed by Slow Move from Wise Dan
- Lochte Looks to Regain Form in Oceanport
- Ami's Holiday Leads Prince of Wales Lineup
- Little Alexis Set for Test After Bullet Move
- Dance With Fate Euthanized After Accident
- Untapable Favored in Haskell Against Boys
- Keeneland Dirt Installation July 21, 2014