BloodHorse.com | Horse Racing News

CHRB to Begin Race Date Considerations

The California Horse Racing Board takes a first look at a race dates calendar that doesn't include Betfair Hollywood Park next year when it convenes in Sacramento May 23.

Betfair Rejects Bid by CVC Capital Partners

Multiple European financial news outlets are reporting private equity firm CVC Capital Partners has ended a $1.5-billion effort to purchase Betfair.

Private Equity Firm Eyes Betfair Takeover

Private equity firm CVC Capital Partners acknowledged Monday, April 15 that it is considering purchasing Betfair, the world's largest betting exchange.

Exchange Wagering Facing Delay in California

Implementation of exchange wagering in California will be delayed for several months after the state's Office of Administrative Law rejected provisions approved earlier this year by the California Horse Racing Board.

Handle Up, Revenue Flat at TVG

Improved handle failed to translate to increased revenue at advance-deposit wagering company TVG Network during the three-month period ending Jan. 31.

RCI Conference to Examine Drug Penalties

When regulators meet for the annual Association of Racing Commissioners Conference on International Racing & Wagering Integrity, they will consider rule changes that could overhaul medication policies in the sport.

CHRB Approves Exchange Wagering

The California Horse Racing Board Nov. 15 approved the wagering platform that allows players to buy and sell, "back" or "lay" wagers.

CHRB to Again Consider Exchange Wagering

The CHRB could give its final approval to exchange wagering rules Nov. 15 when it meets at 9:30 a.m. PST in the Sunset Room at Betfair Hollywood Park.

Exchange Wagering Rules Approved by CHRB

Rules governing exchange wagering gained initial approval from the California Horse Racing Board at its meeting Sept. 20, more than a year after the commission had announced its intention to promulgate them.

Hollywood Park Pressed for Longer Commitment

The California Horse Racing Board approved a Southern California dates calendar for 2013 that requires Betfair Hollywood Park to give a 10-month commitment to racing.

CHRB Taking Longer Look at Exchange Wagering

Exchange wagering seems to be getting all the scrutiny it can handle from the California Horse Racing Board. Nearly two years after the concept was signed into law, the board decided to delay implementation June 28.

TOC Moves Harshly Criticized by Betfair TVG

The Thoroughbred Owners of California June 1 tabled action on exchange wagering for one year and endorsed a deal proposed by The Stronach Group, leading to a strong response from Betfair TVG.

CTT Objects to Exchange Wagering at Del Mar

John Sadler, president of the California Thoroughbred Trainers, told the state horse racing board his group objects to exchange wagering and is not prepared to sign an agreement with the Del Mar for the upcoming meet.

CHRB Begins Exchange Wagering Rule Process

Proposed rules for operation of exchange wagering were approved for a 45-day public comment period by the California Horse Racing Board during its meeting March 22 at Santa Anita.

Betfair Buys Hollywood Park Naming Rights

The international exchange wagering company promises to upgrade the racetrack and woo younger fans through social media and innovative promotions.

CHRB Eyes Licensing of Stronach Companies

A proposal by Frank Stronach to publicly offer shares in six racing companies, each with a 20-horse stable, can legally conduct business in California, a staff report for the state's horse racing board concludes.

Progress and Prudence - By Eric Mitchell

The industry cannot move fast enough in the area of improving Thoroughbreds' care after they've retired from racing.

read blog

Exchange Wagering Grilled at CHRB Meeting

Exchange wagering in California drew some strong opposition from The Stronach Group and several horsemen's organizations during its first California Horse Racing Board committee hearing Feb. 9 at Santa Anita.

CHRB Committee Mulls Exchange Wagering

Exchange wagering may move one step closer to reality after a California Horse Racing Board committee considers rules and enforcement issues surrounding the new betting system.

Stronach Says He Wants to Protect Santa Anita

The California Horse Racing Board received a surprise visit Jan. 19 from Santa Anita owner Frank Stronach, who told the board he wants to guarantee Santa Anita's long range future.

Racing Industry Told to Innovate or Suffer

A Dec. 7 panel discussion on new frontiers in wagering turned into an indictment of the North American racing industry over its failure to innovate and change parochial revenue models.

TVG Betfair to Demonstrate Exchange-Bet Model

A test model of the first exchange wagering system proposed for the United States will be demonstrated at the University of Arizona Symposium on Racing & Gaming in Tucson beginning Dec. 6.

Total Handle on BC at Least $183 Million

Total pari-mutuel wagering on the Nov. 4-5 Breeders' Cup World Championships at Churchill Downs was at least $183 million, according to the latest figures released by Breeders' Cup.

Report: Betfair Customers Not Told of Theft

Betfair, the largest operator of exchange wagering in the world, admitted it did not inform its customers that details of millions of credit cards were stolen in a 2010 cyber attack, the UK Press Association reported.

CHRB Seeks Input on Exchange Wagering Rules

Exchange wagering is expected to arrive in California next year and the state horse racing board is looking for suggestions as it develops rules for the newest form of pari-mutuel betting in the United States.

Betfair CEO Announces Plans to Leave Company

Betfair chief executive officer David Yu said he will not seek to renew his contract with the exchange wagering company when it expires in October 2012.

Panel: Exchange Wagering Changes Everything

As exchange wagering edges closer to its American debut, regulators will have to deal with many makeovers of existing laws. According to a panel appearing before legislators June 18, it will change everything.

Free Download: Growth of Exchange Wagering

Eclipse Award-winning writer Bill Finley looks at the growth of exchange wagering through the creation of the international gaming giant Betfair.

Download Report

Study is Positive on U.S. Exchange Betting

A study commissioned by the TVG network has concluded that "exchange wagering provides an important option to grow the audience and participation in the sport in the U.S."

RCI: Exchange Wagering Takes Center Stage

Exchange wagering was a hot topic during the annual conference of the Association of Racing Commissioners International in New Orleans, as the need for strong regulatory guidance and preventative action was stressed.

Exchange Wagering on RCI Conference Agenda

The Association of Racing Commissioners International plans to feature discussions on the regulation of exchange wagering at its upcoming 77th Annual Conference on Racing and Wagering Security.

Legislation Moves Forward in New Jersey

Legislation geared toward horse racing, Internet betting, and Atlantic City casinos moved closer to reality in New Jersey Nov. 22 as lawmakers voted to create big changes in the way people can gamble.

Technology and the Racing Fan

People want convenience, low prices, and a game that is easy to learn and play; exchange wagering fits that description.

Read Blog

Calif. OKs Exchange Wagering, Takeout Hike

California legislation that would redirect perhaps as much as $70 million from winning bets to purses and make the state the first in the nation to approve head-to-head wagering on horse races gained approval Aug. 31.

California Racing Gets Some Encouragement

Struggling as it never has before, the California horse racing industry went to the State Capitol in Sacramento March 4 looking for some answers. And surprisingly, racing seemed to get a warm reception.