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The New York State Racing and Wagering Board approved a regulation April 28 requiring tote companies to provide for independent monitoring of all pari-mutuel pools effective Jan. 1, 2009. Roughly $3 billion -- one-fifth of total handle in the United States -- will fall under the new monitoring system.
Tuesday, April 29, 2008
Churchill Downs Inc. has invested $100 million in advance deposit wagering for a reason: The company believes it's the major growth channel for pari-mutuel wagering, as well as a means to drive traffic to the racetrack, CDI president and chief executive officer Bob Evans said.
Tuesday, April 29, 2008
The Mid-Atlantic Cooperative, which represents 16 racetracks and their affiliated off-track wagering outlets, has failed to reach an agreement with the New York Racing Association on signal rates, which puts simulcast of races from Belmont Park in jeopardy.
Monday, April 28, 2008
The Florida Horsemen's Benevolent and Protective Association said April 16 though advance deposit wagering remains a major issue, it believes there has been progress in other areas of contract talks for the Calder Race Course meet that begins April 21.
Thursday, April 17, 2008
The Florida Horsemen's Benevolent and Protective Association has given the new national Thoroughbred Horsemen's Group authority to negotiate terms with advance deposit wagering companies for betting on races at South Florida Thoroughbred racetracks. Also, Florida horsemen want an agreement on slots revenue with Calder before any contracts are signed.
Saturday, April 12, 2008
With RCI Integrity Services up and running, the Association of Racing Commissioners International has issued a strong call for the pari-mutuel industry to take advantage of something it believes is a no-brainer: an independent wagering monitoring system.
Tuesday, March 25, 2008
The Ohio horseracing and breeding industry always seems to be at a crossroads. With 2008 almost three months old, negative trends continue and near-term relief isn't in sight.
Friday, March 14, 2008
When 28-1 shot Cheroot prevailed in a blanket finish in the $98,650 Daytona Handicap, the Feb. 17 feature at Santa Anita Park, it triggered a massive three-day pick six carryover of $1,269,223 for the Feb. 18 holiday racing program.
Monday, February 18, 2008
There may not be imminent decisions in the ongoing debate over high-volume betting shops and computer-assisted wagering. The industry remains split on mechanisms that have increased or shifted pari-mutuel handle, depending on the point of view.
Friday, January 25, 2008
The board of directors of the Horsemen's Benevolent and Protective Association of Ontario has unanimously approved the extension of its current contract with Woodbine Entertainment Group for an additional three years, the organization announced Jan. 18.
Friday, January 18, 2008
Shares of Scientific Games Corp. tumbled to its lowest point in more than three years Jan. 16 as the lottery services supplier reeled from the loss of its third online contract within a month.
Thursday, January 17, 2008
The New York City Off-Track Betting Corp. will cease operations June 16 unless state officials provide regulatory relief before then, according to a Jan. 16 report to the corporation's board of directors.
Wednesday, January 16, 2008
On-track handle at Calder Race Course fell 24% during the 2007 portion of its Tropical meet, according to data obtained from the Florida Division of Pari-Mutuel Wagering. Calder's simulcast handle fell 26% compared with the same period in 2006.
Tuesday, January 15, 2008
Jokes aside, there could be progress on the pari-mutuel pricing front if comments by industry officials are any indication.
Tuesday, January 08, 2008The question of whether state legislators should become more involved in pari-mutuel pricing and distribution continues to be asked, and at this point, there doesn't appear to be an answer--at least a definitive one.
Saturday, January 05, 2008The head of a national organization of regulators told legislators Jan. 4 issues related to pari-mutuel integrity and security need "serious attention," and alleged available resources are being neglected.
Friday, January 04, 2008
After cutting its daily purses about 7% in early November, Calder Race Course quietly restored the money during the final weeks of its meet that ends Jan. 2. But questions concerning Calder and other South Florida tracks linger into the new year.
Tuesday, January 01, 2008
The New York Racing Association has entered into a content exchange agreement with TrackNet Media Group for 2008, NYRA officials said Dec. 28. In addition, NYRA has new deals with TVG and Youbet.com for the upcoming year.
Friday, December 28, 2007
Churchill Downs has announced the dates for the three wagering pools that will comprise the track's 2008 Kentucky Derby Future Wager and Kentucky Oaks Future Wager.
Friday, December 21, 2007The current pari-mutuel structure has captured the attention of state legislators who will discuss the situation--and whether or not they need to get involved--during the National Council of Legislators from Gaming States winter meeting Jan. 4-6, 2008.
Thursday, December 20, 2007The Horsemen's Benevolent and Protective Association of Ontario is the latest horsemen's group to join the Thoroughbred Horsemen's Group, which was established Dec. 5 to facilitate simulcast activities for horsemen and improve pari-mutuel economics.
Thursday, December 20, 2007
The United States and European Union struck a new trade agreement Dec. 18 that will greatly lessen the fight over offshore Internet gambling.
Wednesday, December 19, 2007
The Kentucky Horse Racing Authority will form a subcommittee to investigate an incident in which wagering on a Fair Grounds race at Keeneland remained available while a race was in progress, officials said Dec. 17.
Monday, December 17, 2007Eight horsemen?s groups from around the United States have joined together to form a coalition designed to improve racing economics, specifically in the area of generating more purse revenue from interstate simulcasts.
Thursday, December 06, 2007Efforts to formulate regulations for the Unlawful Internet Gambling Enforcement Act of 2006 continue to be shadowed by a conflict between the United States and other countries over a trade dispute.
Wednesday, December 05, 2007The head of the National Horsemen?s Benevolent and Protective Association has suggested the horseracing industry create an entity to assist in the marketing and distribution of its product, in this case racing signals.
Wednesday, December 05, 2007
The first two-day Breeders' Cup World Championships will feature some pari-mutuel firsts as well.
Saturday, October 20, 2007
Favorites at Woodbridge, the first off-track betting parlor operated by the New Jersey Sports and Exposition Authority, is scheduled to open Oct. 17.
Tuesday, October 16, 2007
The pari-mutuel simulcast of the Breeders' Cup World Championships will be offered in Brazil for the first time via Carnegie Cooke & Co., the media and distribution company that offers pari-mutuel services in the country said in a release.
Tuesday, October 16, 2007
The National Thoroughbred Racing Association (NTRA) and Equibase Company have released the "Thoroughbred Racing Economic Indicators" for pari-mutuel wagering in the United States and Canada.
Wednesday, October 10, 2007
An increase in field size and familiarity with the product has led to some growth in business at Presque Isle Downs, which began its inaugural meet Sept. 1.
Friday, September 21, 2007The topic of late odds changes continues to shadow the pari-mutuel industry.
Tuesday, September 18, 2007
Saratoga wrapped up a strong 36-day meet Sept. 3 with solid gains in total handle, on-track handle, and attendance, and even set a record along the way.
Monday, September 03, 2007
The chairman of the Hong Kong Jockey Club said tax rates and regulations need to be reviewed in order for the racing entity to compete at a time of great change.
Friday, August 31, 2007The 15th International Simulcast Conference in Kansas City, Mo., Sept. 17-19 will focus on the impact of 21st-century technology on the pari-mutuel industry and the wagering routine of North American bettors.
Saturday, August 25, 2007The Indiana Horse Racing Commission's ban on the import of signals from Arlington Park and Calder Race Course turned out to be short-lived.
Friday, August 24, 2007Horseplayers in the United States will be able to wager directly into Hong Kong Jockey Club pools under a plan approved by the Nevada Gaming Commission.
Friday, August 24, 2007Hearing complaints from fans and state legislators, the California Horse Racing Board tried to tackle two fronts on how to maintain integrity for the sport: late wagers and board conflicts.
Tuesday, August 21, 2007It appears the simulcast signals from Arlington Park and Calder Race Course could be pulled from other Indiana wagering outlets, this time at the urging of the Indiana Horse Racing Commission.
Monday, August 20, 2007The Jockey Club has weighed in publicly on the topic of account wagering economics, urging the pari-mutuel industry to urgently work together to devise a model that benefits horsemen, racetracks, and patrons.
Sunday, August 19, 2007
Account wagering, one of the more pressing issues facing the pari-mutuel industry, will be front and center Aug. 19 during The Jockey Club Round Table Conference in Saratoga Springs, N.Y.
Friday, August 17, 2007Horseplayers upset over the current state of account wagering in the United States are attempting to drum up support for a petition drive aimed at asking the industry's top organizations to intervene.
Wednesday, August 15, 2007Agua Caliente has formed a compliance program that establishes a committee to help the organization improve efforts to adhere to regulations in domestic and international jurisdictions in which it does business.
Tuesday, August 14, 2007
Attendance, on-track handle, and all-sources handle remain up through three weeks of the Saratoga meet when compared with figures for the comparable period in 2006, the New York Racing Association announced Aug. 13.
Monday, August 13, 2007Handle during the multi-faceted Hong Kong Jockey Club racing season topped the HK$100-billion mark for the first time in 2006-07, but officials said there's still much work to be done.
Thursday, August 02, 2007
New York Gov. Eliot Spitzer has vetoed legislation advocates said would have made it easier for tracks and off-track betting corporations to begin bettor rebate programs as a way to compete with off-shore entities and others in the pari-mutuel wagering industry.
Thursday, August 02, 2007New York racing regulators July 31 adopted a series of new rules, including more restrictive prohibitions on betting by racetrack mutuel tellers and final action on a provision to combat "milkshaking" of horses.
Tuesday, July 31, 2007The 10-cent superfectas that have become popular at North American racetracks will make their Breeders' Cup World Championships debut at Monmouth Park Oct. 26-27.
Wednesday, July 25, 2007Horsemen are calling for an end to the stalemate over account wagering; and even though providers say they want it to end as well, there doesn't appear to be a resolution in sight.
Saturday, July 21, 2007
James Burk and Gary Sproule have been named chief financial officer and chief operating officer of Youbet.com, the company announced July 9.
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