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Statements from California Account Wagering License Applicants

At the invitation of The Blood-Horse, each of the four license applicants seeking to offer Advance Deposit Wagering in California was asked to provide a brief statement concerning their applications. With the exception of Youbet.com, which declined to submit a statement, the responses can be viewed at the following links.

Magna Entertainment's Statement on Advance Deposit Wagering in California

  • News

Applications from four companies seeking to offer Advance Deposit Wagering, or account wagering, in California will be considered by the California Horse Racing Board Thursday, Jan. 24. The regulations were approved by the state last Friday, allowing the CHRB to proceed with consideration of the applications from Autotote Enterprises Inc., Magna Entertainment Corporation, ODS Technologies (TVG), and Youbet.com. At the invitation of The Blood-Horse, each of the four license applicants was asked to provide a brief statement concerning their proposal for account wagering in California. Here is the response from Magna Entertainment:

Autotote's Statement on Advance Deposit Wagering in California

  • News

Applications from four companies seeking to offer Advance Deposit Wagering, or account wagering, in California will be considered by the California Horse Racing Board Thursday, Jan. 24. The regulations were approved by the state last Friday, allowing the CHRB to proceed with consideration of the applications from Autotote Enterprises Inc., Magna Entertainment Corporation, ODS Technologies (TVG), and Youbet.com. At the invitation of The Blood-Horse, each of the four license applicants was asked to provide a brief statement concerning their proposal for account wagering in California. Here is the response from Autotote Enterprises:

TVG's Statement on Advance Deposit Wagering in California

  • News

Applications from four companies seeking to offer Advance Deposit Wagering, or account wagering, in California will be considered by the California Horse Racing Board Thursday, Jan. 24. The regulations were approved by the state last Friday, allowing the CHRB to proceed with consideration of the applications from Autotote Enterprises Inc., Magna Entertainment Corporation, ODS Technologies (TVG), and Youbet.com. At the invitation of The Blood-Horse, each of the four license applicants was asked to provide a brief statement concerning their proposal for account wagering in California. Here is the response from ODS Technologies' TVG operation.

TV Distribution Still Unclear for California Tracks

  • News

With the California Horse Racing Board only days from ruling on four applications for license to conduct advance deposit wagering, it isn't clear where three of the state's major tracks -- Santa Anita Park, Bay Meadows, and Golden Gate Fields -- are going to have their races televised.

Official: Dixon Downs Plans Continue to Progress

Dixon Downs may not be on the fast track, but it's making steady progress toward ground-breaking. That's the report from the front lines in Dixon, the small California town 20 miles west of Sacramento where Magna Entertainment Corp. is hard at work developing a state-of-the-art racetrack.

The Endless Fight

By Ray Paulick -- TVG isn't the only one getting hurt by the impasse with Magna over account wagering in California.

Hurdles Remain for California Account Wagering

  • News

The clock ticks for the arrival of account wagering in California, and it may keep ticking well into the new year. The earliest the state's racing fans can expect to be able to open accounts and begin telephone or Internet wagering is mid-February 2002, but depending on how well the regulatory review process goes, wagering might not occur until some time in May.

California Trainers Fined for Herbal-Related Positives

  • News

Five Southern California trainers have been fined $1,500 each by the California Horse Racing Board after an herbal product they used on horses under their care was found to contain two banned substances. A hearing will be held in January.

Barretts Winter Sale Will Be Larger In 2002

  • Sales

Barretts' winter mixed sale will be slightly larger in 2002 than it was in 2001. The catalogue has 541 lots, an increase from the 532 that were listed earlier this year. The sale will be conducted Jan. 22 and 23 in Pomona, Calif.

Del Mar Plan May Hinge on Training Center

  • News

A draft master plan for changes at the Del Mar Fairgrounds that includes a provision for an off-site horse training facility will get its first public hearing early in 2002.

Full Accounting

By Ray Paulick -- Account wagering can only move forward in California with approval from the organization that represents owners.

TOC Agrees on Need for Medication Consensus

California is on board with a nationwide push for a consensus on racehorse medication, the president of the Thoroughbred Owners of California reported to his board the week of Dec. 10. But the TOC does have its own opinions on some of the specifics.

California: Longest Dark Period in 20 Years

  • News

For the first time in 20 years, California racing will get a real holiday. Racing takes a Christmas break after the Monday, Dec. 17 programs at Golden Gate Fields and Hollywood Park, and the action doesn't return until Dec. 26, when Golden Gate resumes and Santa Anita Park opens its traditional winter
meet.

Fairplex: Racing Plans Still Up in the Air

  • News

Fairplex Park has had discussions about moving its 17-day Los Angeles County Fair meet to another track in metropolitan Southern California. But Wendy Talarico, communications manager for the fair, said there are no plans to do anything commercially with the racetrack grounds. And, contrary to a published report that the Pomona, Calif., track has an agreement in principle with Hollywood Park, Talarico said no deal has been done.

CHRB Head: Use Account Wagering Wisely

Alan Landsburg believes account wagering can do a lot of good for California, but only if is it used to introduce a new audience to horse racing. Otherwise, it "will be little more than a pinky in a crumbling dike," the California Horse Racing Board chairman said.

Youbet Eager to Begin Taking Wagers in California

  • News

With the California Horse Racing Board giving final approval last Friday to regulations for advance deposit wagering, Youbet.com is gearing up to begin taking wagers in the state once it is legal in January 2002.

CHRB Approves Guidelines For Ads on Jockeys' Attire

Advertising on jockey attire, owners' silks and track saddle cloths is now legal at California tracks. Although some concerns were raised regarding conflicts that advertising could cause, the California Horse Racing Board gave the change in race regulations unanimous approval Friday, Nov. 30.

Committee Approves Net Gain of Eight Graded Races For 2002

After a two-day meeting in Lexington, Ky., the American Graded Stakes Committee on Thursday released the list of stakes races that will have graded status in 2002. As a result of the committee's review, which uses a five-year formula to assess races and assign graded status, there is a net gain of eight graded races in 2002, bringing to 486 the number of races assigned graded status from the 751 eligible races.

CHRB Considers Options in Wake of Ruling

  • News

California Horse Racing Board officials are refusing to discuss a federal judge's decision to dismiss the board's case against trainer Bob Baffert in regard to a positive test for morphine in one of his horses last year.

California Tracks Are 'Wait-and-See' on Gaming Initiative

  • News

Will Nevada-style gambling come to California racetracks soon? Not likely, said the president of the Federation of California Racetracks, Jack Liebau, who offered only lukewarm interest for a state gambling initiative that would allow racetracks to offer a full range of Las Vegas-style games, including slot machines.

Hollywood Park Meet Off to Good Start

With two weeks of its 31-day autumn meet complete, Hollywood Park reports significant increases in attendance and wagering. Average daily on-track handle of $1,589,326 is up 5.9% through nine racing days, while on-track attendance has increased 8.5% from a year ago.

Hollywood Park Meet Off to Good Start

  • News

With two weeks of its 31-day autumn meet complete, Hollywood Park reports significant increases in attendance and wagering. Average daily on-track handle of $1,589,326 is up 5.9% through nine racing days, while on-track attendance has increased 8.5% from a year ago.

TVG Preparing for California Market

  • News

When California introduces account wagering, the TV Games Network will be ready for a full assault. Perhaps the last great frontier for the home-wagering revolution, the Golden State represents a golden opportunity for TVG when advance-deposit wagering becomes legal in the state Jan. 1, 2002.

Report: Group Seeks Expanded Calif. Gaming

  • News

A push is under way in California for expanded gaming at proposed casinos or any outlet that currently holds a gaming license, including racetracks, according to published reports.

Magna Works on Account Wagering Strategy

  • News

With the possibility of account wagering in California as soon as Jan. 1, officials at Magna Entertainment Corp., the owner of three major racetracks in the state, is keeping its plans quiet -- for now.

Cal Cup Stakes Series Lures 110 Runners

The $1.275-million Cal Cup, a series of 10 stakes for California-breds, has drawn 110 horses for its 12th running Saturday at Santa Anita Park. The day is headed by the $250,000 Wells Fargo Cal Cup Classic at 1 1/8 miles.

Mixed Bag for California Legislation

California Gov. Gray Davis signed legislation authorizing the California Horse Racing Board to enter into an interstate compact for owners license but vetoed a bill that would have permitted racetracks and owners to lower takeout on betting handle.

Magna Unveils Plans for Dixon Downs

More than 500 people turned out for a community meeting in Dixon, Calif., to hear Magna officials discuss their proposal for a state-of-the-art racetrack and training facility with a major-league price tag. Though they would not disclose a budget, Magna officials earlier had estimated its cost for the project at up to $150 million.

Barretts Sale Up In Average, Median

A smaller catalogue led to a lower gross, but the major indicators were positive for Barretts at its October yearling sale. Held Oct. 2, the auction showed significant gains in average and median.

Magna to Unveil Plan for New Calif. Track

Magna officials will be the special guests at a community meeting Oct. 17 in Dixon, a town of about 15,000 located 19 miles west of Sacramento. Magna recently purchased 225 acres in Dixon for $6.3 million and has another 25-acre parcel in escrow.

Top California Meet Opens With Fund-Raiser

The Oak Tree Racing Association meet at Santa Anita Park, which has produced 21 winners of Breeders' Cup events, kicks off Wednesday afternoon with a fund-raising effort for the Red Cross Disaster Relief Fund. Oak Tree will match all donated funds up to $100,000.

Bay Meadows Cancels as San Francisco Mourns

Bay Meadows canceled its Monday afternoon racing program as the Bay Area continued to mourn victims of the Sept. 11 terrorist attacks on the East Coast. Hijacked Flight 93, which crashed near Pittsburgh, Pa., was headed to San Francisco, Calif., and area-wide memorial services were held Monday as part of an official city Day of Remembrance.

Owens is Elected Chairman of TOC

Jack B. Owens, an owner-breeder from Modesto, Calif., was elected chairman of the Thoroughbred Owners of California during a board meeting Sept. 6. Owens, a member of the TOC board since 1995 and most recently vice president, replaces Gary Burke, who died Aug. 7.

Youbet.com Reports Reduced Loss for Period

Youbet.com on Wednesday posted a loss of $3.2 million, or 17 cents per common share, for the second quarter of 2001. Meanwhile, revenue for the second quarter rose 14% to $1.7 million compared with the same period last year, and handle derived from the company's subscriber base increased 8% to a record $28.4 million for the second quarter, compared with $26.3 million during the same quarter in 2000.

With Legislation in Place, Hard Part Begins

Now comes the hard part. With Gov. Gray Davis' signing of Assembly Bill 471 on Aug. 13, California will soon usher in account wagering as well as see the unionization of racetrack backstretch workers. But how? The approval of the legislation, which go into effect Jan. 1, 2002, is only the first step in a lengthy process.

TVG, Horsemen Work on Purse Protection

As the California horse racing industry awaited action by Gov. Gray Davis on account wagering legislation, the TV Games Network and Thoroughbred Owners of California announced they had reached an agreement in principle to protect purses should live handle be negatively impacted by account betting.

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