TV Games Network and AmericaTAB have signed a patent license and content agreement that allows AmericaTAB to accept wagers on TVG's exclusive partner tracks, and implement TVG technology.
Account wagering services continue to post handle gains through their betting hubs in Oregon.
The current meet at Portland Meadows in Oregon will end Feb. 10--36 days before its scheduled conclusion--in light of an ongoing problem with surface-water removal at the racetrack.
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.
Environmentalists notified Portland Meadows on Nov. 27 that they intend to sue the racetrack for illegally discharging manure into the Columbia Slough. An official with Magna Entertainment, which owns the Oregon racetrack's operating rights, called the lawsuit unfair and said the company has been working closely with the Environmental Protection Agency since assuming control in May.
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.
Handle through the TV Games Network's Oregon hub was $12,414,106 for the third quarter of 2001, almost triple the amount wagered during the third quarter of 2000 but down slightly from the second quarter of 2001.
Youbet.com today announced the opening of its new Oregon wagering hub. The new hub allows Youbet.com customers access to racetracks previously available only through the TV Games Network. Along with the new hub, Youbet has adjusted its price. The service now charges a fee per transaction instead of a monthly fee.
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.
Youbet.com will begin taking bets through its new Oregon wagering hub in August, a month earlier than expected. Once the hub is operating, customer can beginning wagering on racetracks once offered exclusively through the TV Games Network. Youbet.com is anticipating significantly higher revenue by the first quarter of next year.
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 NTRA Services wagering hub in Oregon handled $6,133,521 for the first quarter of 2001, by far the highest figure for a three-period since the first report was submitted early last year. The handle, generated by bettors in Kentucky, Louisiana, Maryland, and Oregon, is almost twice as large as the handle recorded for the first three months of 2000.
Tom Moyer, who bought the operating rights to Portland Meadows last month, will keep the track open up to three years then develop the property. The racetrack will be managed in the meantime by Magna Entertainment, which may step in and preserve live racing in the Portland area with a new or existing track.
Real estate developer Tom Moyer bought the operating rights for Portland Meadows, Oregon's largest racetrack. The change, however, does not bring much stability to the state's Thoroughbred racing industry.
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.
Bits and pieces from around the industry
The NTRA Services wagering hub in Oregon registered a 35% increase in handle in the third quarter of 2000 compared with the year-earlier period. According to Oregon Racing Commission figures, the betting hub, operated on behalf of the TV Games Network, handled $4,283,997 in the third quarter of 2000, up 35% from the hub's first three months of operation in 1999.
Most Popular Stories
- And They're Off: 2013 Offy Awards
- Flashback Likely Pick Among Malibu Probables
- Digging Deeper into Breeders' Cup Lasix Study
- Podcast: Eclipse Awards 2013: Older Divisions
- Valenzuela Expects Healthy Santa Anita Meet
- Hangin' With Haskin: My Top 10 Racing Movies
- Native Diver Monument Moving to Del Mar
- Stretch Out No Problem for Unbeaten Samraat
- GII Winner Forty Tales Retires to Sequel NY
- Breeder Berglar Earns Breeders' Cup Award