After an encouraging start in terms of pari-mutuel wagering in January, handle on U.S. races plummeted in February compared with the same month in 2014, a decline that dropped 2015's handle behind last year's pace
Meadowlands, which contracts with Monarch Content Management to negotiate host fees for its signal, issued a statement Feb. 27 on the ongoing dispute that is blacking out its signal from 23 racetracks.
All-sources pari-mutuel handle is up 10.3% year-to-date at Tampa Bay Downs, which puts the Florida racetrack on course to average more than $4 million per day and finish with its highest wagering total since the 2010-11 meet.
Twenty-three racetracks and their affiliated wagering outlets began 2015 without the signals from Gulfstream Park, Santa Anita Park, and Laurel Park as a simulcast-fee dispute entered its second month.
A war of words in a dispute between two cooperatives that negotiate simulcast fees continued Dec. 8 when the MidAtlantic Cooperative, which represents 23 racetracks, said Monarch Content Management misstated facts.
Simulcast players in the Mid-Atlantic region and beyond looking forward to betting important meetings in California and Florida this week may have to wait.
- By Jim Freer
TrackNet Media Group and the MidAtlantic Cooperative announced Jan. 22 that they have reached an agreement with MidAtlantic members of the simulcast signals of racetracks affiliated with TrackNet
Gulfstream Park's 2010 schedule is again laden with graded stakes, and one safe bet is that most of the 80 racing days will be warm and sunny. Otherwise, there are changes and questions in abundance.
The MidAtlantic Cooperative and the New York Racing Association have struck an agreement that will allow cooperative members and their wagering facilities to import the Aqueduct signal effective Oct. 27.
The Belmont Park signal returned to Suffolk Downs Oct. 21after the track and the New York Racing Association struck a deal outside of the MidAtlantic Cooperative, of which Suffolk is a member.
In a letter to a senior vice president of the New York Racing Association, the executive director of the MidAtlantic Cooperative of racetracks voiced his frustration at the organization's inability to come to terms with NYRA and the TVG Network over simulcasting issues.
Negotiations are underway to resolve the bitter simulcasting dispute between the New York Racing Association and a consortium of Northeast racetracks, as both sides seek to insist the other is being more financially hurt by the controversy.
With the New York Racing Association's handle down since its signal was pulled by the MidAtlantic Cooperative in mid- September, NYRA chairman Barry Schwartz said the dispute can be resolved only if the racetracks in the group "come to their senses."
The MidAtlantic Cooperative, which represents 19 racetracks and their off-track betting facilities and account wagering systems, will pull the plug on simulcasts from Belmont Park effective Sept. 15 having failed to strike a deal with the New York Racing Association.
Suffolk Downs and Rockingham Park have become the newest members of the MidAtlantic Cooperative LLC, the company announced Wednesday.
Churchill Downs Simulcast Network and the MidAtlantic Cooperative LLC have reached an agreement that authorizes MidAtlantic member tracks to accept simulcast and pari-mutuel wagering on CDSN products. The joint announcement was made by today by CDSN President Karl F. Schmitt Jr. and Martin Lieberman, executive director of the MidAtlantic Cooperative.
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