Oregon Racing Commission

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ADWs Grab Larger Share in First Quarter

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%.

Betfair Has Hopes for U.S. Exchange Betting

Betfair wants to establish a worldwide betting exchange that includes the United States, but will focus its U.S. efforts for now on strengthening its newest acquisition, the TVG horse racing network, an official with the London-based wagering conglomerate said recently.

'Big Four' Post Mixed Oregon ADW Numbers

'Big Four' Post Mixed Oregon ADW Numbers

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.

ADWs will Argue for Oregon Licenses

Two advance deposit wagering companies operating through the hub system in Oregon recently had their annual license renewals tabled by the state's racing commission, but will be able to rectify the situation at an upcoming July 17 meeting.

Youbet to Close IRG

Youbet to Close IRG

Youbet.com will close its troubled off-shore telephone wagering entity International Racing Group, according to a Feb. 13 filing with the U.S. Securities and Exchange Commission.

IRG: Some Customers Being Paid

IRG: Some Customers Being Paid

A spokesman affiliated with Youbet.com says certain customers of subsidiary International Racing Group have received funds owed by the off-shore rebate shop, which is part of an investigation being conducted by the federal government.

IRG Contests Oregon Suspension

IRG Contests Oregon Suspension

International Racing Group has contested a decision by the Oregon Racing Commission to suspend its state operating license, and will continue to conduct business through its hub pending an administrative law hearing.

IRG Faces License Suspension in Oregon

IRG Faces License Suspension in Oregon

The Oregon Racing Commission has notified International Racing Group that it intends to suspend its state operating license as an advance deposit wagering company, but parent company Youbet.com says it is working to prevent such an event.

High-Volume Shop Licensed by Oregon Regulators

International Racing Group, a rebate shop located in Curacao but owned and operated by United States-based Youbet.com, was licensed by the Oregon Racing Commission Nov. 2, and is the first such entity to be licensed by U.S. regulators.

AmericaTab Donates $100,000 to U. of Arizona's Race Track Program

  • News

AmericaTab Inc. has contributed $100,000 to the University of Arizona's Race Track Industry Program (RTIP) to help endow a proposed faculty position to conduct industry business research and to head the group's masters degree program according to RTIP director, Doug Reed.

Oregon Hub Handle Up $53 Million in 2004

Five account-wagering hubs in Oregon handled a total of $883 million last year, up about 6% from the 2003 figure. Meanwhile, fourth-quarter handle for 2004 was down slightly from the same period in 2003, according to Oregon Racing Commission statistics.

Greyhound Group Sues MEC Over Multnomah

The Oregon Greyhound Association filed a $1-million lawsuit against Magna Entertainment Corp. Jan. 20, alleging breach of contract for the company's failure to renew its operating lease for Multnomah Greyhound Park and for canceling the 2005 dog racing season.

Oregon Jockeys Benefit From Incentive Program

  • News

Several jockeys earned bonsuses this summer under the Oregon Racing Commission's jockey incentive program, which is designed to encourage riders to participate at fair meets in the state.

Oregon Hub Handle Sets Another Quarterly Record

The National Thoroughbred Racing Association's operation of wagering hub in Oregon met with much resistance from some of its member racetracks at the beginning of the decade, but one thing's for certain: The concept has caught on, even though the NTRA is no longer a player.

Oregon Hub Handle Clears $200M in Second Quarter

The five account-wagering companies that have multi-jurisdictional tote hubs in Oregon reported gains in handle in the second quarter of 2003 compared with the first quarter of this year. Total handle through the five hubs was $222.21 million, up about 150% from the second quarter of 2002.

Instant Racing Approved for Oregon Racetracks

  • News

Instant Racing, a pari-mutuel video lottery game currently offered at racetracks in Arkansas, has been approved by the Oregon Racing Commission for use at the state's racetracks. Oregon is the second state to approve the devices.

In General, Wagering Up Through Oregon Hubs

  • News

Account wagering through several hubs based in Oregon continued to ramp up in the fourth quarter of 2002, according to figures released by the Oregon Racing Commission.

The Racing Channel Plans International Wagering

  • News

The Racing Channel, an online handicapping and odds service with links to Philadelphia Park's Phonebet service, was granted approval to operate a "multi-jurisdictional simulcasting and interactive wagering totalizator hub" in Oregon. The approval includes an international marketing service that would take wagers from the United Kingdom through legal bookmakers.

AmericaTab Adds Harness Track to Stable

AmericaTab, an online wagering company owned by two Ohio racetracks -- Beulah Park and River Downs -- has added Northfield Park to its stable. The northern Ohio harness track has been approved as an equity partner in AmericaTab by the Oregon Racing Commission.

Oregon Hub Handle Tops $13M for Quarter

The Oregon wagering hub first operated by NTRA Services and now in the hands of the TV Games Network handled $13,033,508 for the second quarter of this year, more than double the first-quarter handle and by far its best three months ever.

TVG Wins Approval to Operate Betting Hub

The Oregon Racing Commission on Friday approved an application by the TV Games Network for to operate a wagering hub. Currently, TVG wagers run through a hub operated by NTRA Services, a subsidiary of the National Thoroughbred Racing Association and marketing partner of TVG.

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