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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%.
Thursday, May 21, 2009
Wagering was up on several segments of the Preakness day card, according to data released May 18 by Maryland Jockey Club officials, fueled in part by the showdown between Kentucky Derby Presented By Yum! Brands (gr. I) winner Mine That Bird and Kentucky Oaks (gr. I) victress Rachel Alexandra.
Monday, May 18, 2009
Flush off a quarter in which it saw increased handle and profit, Youbet.com said May 13 it would look at possibly establishing a presence in another country in an effort to expand its wagering offerings beyond horse racing.
Wednesday, May 13, 2009
Tampa Bay Downs reported May 7 a 2.7% decline in all-sources handle for its recently-concluded 2008-2009 winter/spring meet at the racetrack located in Oldsmar, Fla.
Thursday, May 07, 2009
Citing the absence of insurance payments received in 2008, Churchill Downs Inc. reported a net loss of $4.8 million in the first quarter of the year, but said a 12% increase in net revenues were attributed to strength in its Louisiana gaming business and on-line wagering operation.
Wednesday, May 06, 2009
Wagering on United States Thoroughbred racing in the first four months of the year declined 9.5%, according to Equibase's "Thoroughbred Racing Economic Indicators" released May 4.
Monday, May 04, 2009
Total wagering from all sources on the 13-race Kentucky Derby card May 2 at Churchill Downs was $155,969,770, a decline of 5.3% from the $164,668,176 wagered a year earlier on 12 races, the track has reported.
Saturday, May 02, 2009
The Lexington track attracted near-record crowds but the all-sources handle still fell 19.5%. The on-track handle fared a bit better.
Friday, April 24, 2009
Good weather and a five-day race week were credited for a 3.69% rise in the all-sources handle at Gulfstream Park.
Thursday, April 23, 2009
All-sources handle for the recently-concluded Laurel Park winter-spring meet fell 25.5%, Maryland Jockey Club officials have reported.
Wednesday, April 22, 2009
Oaklawn Park realized an increase in handle and attendance during its 54-day meet that ended April 11, according to a published report.
Tuesday, April 14, 2009
Wagering continued its decline in 2009 in a year-over-year comparison, falling 9.4% through March, according to data released April 3 by Equibase.
Friday, April 03, 2009
Even though TVG, TwinsSpires.com, and XpressBet.com enjoyed handle growth in 2008, total wagers processed by advance deposit wagering entities through hubs in Oregon decreased for the first time this decade, though the numbers are skewed by actions related to another member of the "Big Four," Youbet.com.
Wednesday, March 18, 2009
Philadelphia Park has been asked to cease handling account wagers on racing affiliated with TrackNet Media Group unless the Pennsylvania track signs a new licensing agreement with the content group.
Tuesday, March 10, 2009
Churchill Downs has seen some weakness in ticket sales for its annual Derby-Oaks weekend extravaganza, but feels there is enough interest in the events to produce another strong showing for the racetrack company.
Thursday, March 05, 2009
Youbet.com reported a loss of $4.5 million for 2008, fueled by an $11.2 million fourth-quarter impairment charge for subsidiary United Tote, the company reported March 5.
Thursday, March 05, 2009
Driven by its live export signal to out of state outlets, total handle is up slightly at Tampa Bay Downs through the mid-way part of the 94-day meet, the track reported Feb. 20.
Friday, February 20, 2009Some Nevada casino racebooks are booking wagers on races from tracks affiliated with TrackNet Media Group after the content company recently cut off signals to the state over a contract dispute.
Thursday, January 29, 2009
Despite comments from TrackNet Media Group that negotiations are "going backwards" over issues involving racing signals to Nevada racebooks, the player on the other side of the table offered guarded hope matters can be resolved before a Jan. 25 cut-off deadline.
Friday, January 23, 2009
All-sources handle for all New York Racing Association tracks declined 2.1% in 2008, but purses grew 3.1%, it was reported Jan. 22.
Thursday, January 22, 2009
Wagering in Florida on Calder Race Course's recently concluded Tropical at Calder meet fell 31% in 2008, according to the Florida Division of Pari-Mutuel Wagering.
Monday, January 12, 2009
Hampered by a 20.3% drop in total handle in December, wagering in the United States declined 7.2% in 2008 to record the lowest overall total in a decade.
Tuesday, January 06, 2009
Gulfstream Park is hoping that a move to a five-day race week will help produce larger fields and attract more live fans and other bettors on days that have proven more popular than its newly-dark Mondays.
Tuesday, December 23, 2008
Remington Park in Oklahoma recently completed its 20th season of Thoroughbred racing with a record purse disbursement and increased attendance, but followed national trends with a decline in most wagering statistics.
Thursday, December 18, 2008
Woodbine concluded its 167-day Thoroughbred meet Dec. 7 with a 1.55% drop in all-sources handle, the Toronto-area track recently reported.
Friday, December 12, 2008After turning over a new leaf in management, Youbet.com's net income for the third quarter of 2008 experienced a significant increase in profit from the year before.
Thursday, November 06, 2008Churchill Downs Inc. more than doubled its net earnings against decreasing revenues from continuing operations in the third quarter, the company announced Nov. 5.
Wednesday, November 05, 2008
The 37-day 2008 Belmont fall meeting, which ended on Oct. 26, produced mixed business results. All-sources handle on NYRA races was $356.3 million, compared with the 2007 figure of $346.5 million, for an increase of 2.8%. Because the 2008 meet included four more days than the 2007 meet, there was actually an 8.3% decline in the equivalent daily average all-sources handle figure.
Wednesday, November 05, 2008
An otherwise sluggish Oak Tree at Santa Anita meet got turned around by hosting the Breeders' Cup World Championships, Oct. 24-25. Excluding the Breeders' Cup, the Oak Tree handle was down 14%.
Sunday, October 26, 2008
Handle on races in the United States sharply dropped 9.85% in the third quarter of this year, clearly in keeping with a trend that began in early 2008.
Thursday, October 09, 2008
Turfway Park closed its 2008 fall meet with declines in all-sources and on-track handle, the Florence, Ky., track reported Oct. 3.
Friday, October 03, 2008
Presque Isle Downs reported a total handle of $31,425,213 for its 101-day meet that ended Sept. 28, a stand that was 76 days longer than the track's inaugural meet last year.
Monday, September 29, 2008
Early handicapping on signal distribution of the Breeders' Cup World Championships shows the prestigious event will be available to a wide variety of outlets and bettors, at first glance calming fears of any "signal wars" fallout evident in other revenue-sharing disputes involving advance deposit wagering.
Wednesday, September 10, 2008Evangeline Downs Racetrack and Casino's recently concluded 2008 spring/summer Thoroughbred season posted all-time highs in average nightly handle, single-night handle, average field size, and purse distribution for the 84-night meet.
Friday, September 05, 2008
Ellis Park ended its annual racing meet Sept. 1 with a 3% drop in daily handle, despite broader signal distribution to advance deposit wagering outlets.
Thursday, September 04, 2008
Del Mar closed its 69th race meeting Sept. 3 with declines in handle and attendance, but track officials were left with a positive attitude in light of tough economic conditions.
Thursday, September 04, 2008
Calder Race Course has asked the Florida Division of Pari-Mutuel Wagering for permission to hold live racing four days a week, rather than five, during 11 weeks beginning Sept. 1.
Wednesday, August 27, 2008
Severe thunderstorms, heavy rain, and nearly continuous inclement conditions played havoc on attendance and handle figures during the third week of the 2008 Saratoga Race Course meet, according to the New York Racing Association, Inc.
Monday, August 11, 2008
Handle and attendance are down through the first week of the 2008 Saratoga meeting, the New York Racing Association reported July 28.
Monday, July 28, 2008
All-sources handle declined 2.2% during the recently-concluded Belmont Park Spring/Summer meet, the New York Racing Association announced July 23.
Wednesday, July 23, 2008
Wagering has dropped 11% on North American Thoroughbred racing since the end of the Triple Crown series -- at least by one indicator -- a disturbing trend that can likely be attributed to a variety of factors.
Tuesday, July 22, 2008
Churchill Downs Inc. has appointed Ted Nicholson to oversee operations at Calder Race Course on an interim basis, one day after CDI implemented a company-wide personnel overhaul.
Friday, July 18, 2008
Monmouth Park officials said two nearby off-track wagering parlors and skyrocketing gasoline prices have led to decreases in attendance and on-track handle nearly one month into the New Jersey racetrack's 2008 meet.
Wednesday, June 11, 2008
Hampered by a double-digit handle decline on its biggest race card, the May 17 Preakness Stakes (gr. I), Pimlico Race Course realized a 16.5% drop in all-sources wagering for its 31-day meet that closed June 7.
Tuesday, June 10, 2008
David Nathanson has been promoted to the newly-created position of president of TVG, the company announced May 19.
Monday, May 19, 2008
After four straight years of handle topping $87 million, wagering on the Preakness program declined 15.8% in a year-over-year comparison with the 2007 card.
Monday, May 19, 2008
Churchill Downs announced May 9 a 20% purse cut for its spring meet effective May 14, laying the blame on horsemen's groups for rejecting offers on signal distribution.
Friday, May 09, 2008
TVG processed $108.8 million in total wagering during the first quarter of 2008, the highest first quarter total in the company's history and a 32% increase over the first quarter of 2007.
Thursday, May 08, 2008
All-sources handle dropped nearly 2% on the May 3 card of the Kentucky Derby Presented by Yum! Brands (gr. I), a result a Churchill Downs official blamed on the fallout from an ongoing dispute with horsemen over signal distribution.
Sunday, May 04, 2008
Perhaps feeling the effects of an ongoing dispute with horsemen over signal distribution, handle on the May 2 Kentucky Oaks (gr. I) program was down about 7%, according to numbers released by the track.
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