Portland Meadows received approval from the Oregon Racing Commission to greatly alter its traditional racing schedule by switching from winter to summer racing.
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 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.
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.
The Oregon Racing Commission has approved a schedule change for Portland Meadows that will drop four Sunday programs in January while adding eight Wednesday dates through the end of February, the track announced.
Members aligned on different sides of advance deposit wagering's "Big Four" reported mixed handle results in the third financial quarter amid declining national betting trends.
A July 21 mediation session with a member of the Oregon Racing Commission yielded no agreement in a standoff between TVG and Portland Meadows on source-market fees, although progress was reported.
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.
Magna Entertainment Corp. said it is "considering all of its legal options" after the Oregon Racing Commission rejected its request to allow installation of Instant Racing gaming terminals at Portland Meadows April 25.
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.
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.
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.
International Racing Group and parent company Youbet.com are facing a Nov. 12 deadline in regards to IRG's license to operate a wagering hub in Oregon, and basically have two avenues to pursue for continued operation there.
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.
The Oregon Racing Commission is looking into whether there are any statutory licensing actions to be taken against International Racing Group, which has had $1.5 million in funds seized by federal authorities.
The Oregon Racing Commission has approved the 2007-08 Portland Meadows race meet application submitted by MEC Oregon Racing.
Magna Entertainment Corp. and two Oregon horsemen groups have agreed to an abbreviated 60-day meet to begin this fall at Portland Meadows.
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 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.
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.
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.
Magna Entertainment Corp. has threatened to discontinue operations at Portland Meadows in Oregon unless it receives concessions from the state legislature.
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.
The Oregon Racing Commission is the latest pari-mutuel regulatory agency to rejoin the Association of Racing Commissioners International. Since July, Maryland, New York, and Virginia have reinstated membership.
Three account wagering providers that hub through Oregon set all-time records for a three-month period in the second quarter of 2004, according to statistics provided by the Oregon Racing Commission.
Five account-wagering hubs in Oregon handled $226.97 million in the fourth quarter of 2003, up $75.72 million from the same period in 2002, according to Oregon Racing Commission statistics.
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.
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, 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.
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.
Steve Barham, executive director of the Oregon Racing Commission for the past 17 years, has been named associate coordinator of the University of Arizona's Race Track Industry Program.
An eight-hour power outage Sept. 14 shut down an Oregon wagering hub and cost three online wagering services about $100,000 in handle.
Account wagering services continue to post handle gains through their betting hubs in Oregon.
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, 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.
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.
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.
NTRA Services will not renew its license to operate a wagering hub in Oregon. Instead, the TV Games Network, for which the National Thoroughbred Racing Association subsidiary operates the hub, is expected to apply for the license itself.
The Ohio-based online wagering service has been approved to operate in Oregon, where other entities such as NTRA Services and US Off-Track have set up betting hubs that return a portion of revenue to the horse and Greyhound industries.
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