Thoroughbred horsemen plan to meet with Betfair officials Dec. 7 to ensure they are party to contracts the Great Britain-based company is signing with United States racetracks for their content.
Gregory Lamb, an auditor with the Colorado Division of Racing for the past 18 years, has been hired as supervisor of pari-mutuel wagering for the Kentucky Horse Racing Commission.
- By Esther Marr
The state of Georgia may be in for some changes in the coming months as horse enthusiasts try to convince lawmakers that building a racetrack is vital to both the struggling breeding industry and the economy as a whole.
- By Tom LaMarra
Churchill Downs Inc., which announced Nov. 11 plans to purchase Youbet.com and its United Tote subsidiary for about $126.8 million, is on the lookout for other prospective purchases in the area of Internet wagering.
Garrett Gomez is the 3-1 morning-line favorite for the new Breeders' Cup Jockey Bet Nov. 6-7 at Santa Anita Park. The line was set based on mounts the jockeys have in the 14 World Championships events.
Aside from the issue of when to close betting pools, the Kentucky Horse Racing Commission is debating a recommendation that racetracks made good on winning wagers that aren't merged into pools.
A controversial recommendation to halt wagering at zero minutes to post time at all racetracks was shelved by the Kentucky Horse Racing Commission Oct. 27 pending a public meeting at which the issue will be further vetted.
Advanced Monitoring Systems, selected by the New York State Racing and Wagering Board to provide independent wagering oversight, announced Oct. 19 it has deals in place with the three tote companies that service New York betting outlets.
- By Tom LaMarra
In the opinion of a few of horse racing's customers, the sport has the best "video game" available but fails to capitalize on it.
- By Tom LaMarra
If the horseracing industry fails to make voluntary changes it has resisted for decades, the only things that may save it from doom are involuntary changes brought on by forces in the gambling and entertainment marketplace, officials said Oct. 13.
- By Tom LaMarra
Officials assembled for the International Simulcast Conference said Oct. 12 public perception, not integrity, is the primary problem for the industry's wagering systems.
- By Tom LaMarra
This year's International Simulcast Conference will include a panel devoted to patrons' perspective on horse racing and wagering.
The Thoroughbred Racing Associations board of directors has adopted a protocol establishing industry-wide standards pertaining to the display of accurate "off time" for the start of the race.
Canterbury Park Holding Corp. reported a net loss of $173,099 for the second quarter of 2009 but said reduced costs and improved operating efficiencies should help moving forward.
Federal legislation that would regulate online poker and games of skill protects pari-mutuel horse racing under the Interstate Horseracing Act and includes various tax breaks sought by the racing industry, the National Thoroughbred Racing Association said Aug. 7.
Nassau Regional Off-Track Betting Corp. has filed a $15-million lawsuit against the New York Racing Association in response to NYRA's claim that Nassau Regional OTB had pirated its signal.
Hollywood Casino at Penn National Race Course said it will make good on a pick three result that was calculated in error June 5 because of a breakdown in tote communications before post time of the second race in the sequence.
Another tote communication glitch led officials at Hollywood Casino at Penn National Race Course to start closing pari-mutuel pools when the first horse enters the starting gate, effective June 6.
Hollywood Casino at Penn National Race Course refunded more than $150,000 in wagers after a communications router failure at its main wagering hub went down, leaving the second race May 20 open for betting after off time.
Wagering was up on several segments of the Preakness day card, according to data released May 18 by Maryland Jockey Club officials, fueled in part by the showdown between Kentucky Derby Presented By Yum! Brands (gr. I) winner Mine That Bird and Kentucky Oaks (gr. I) victress Rachel Alexandra.
A bill that would end a ban on wagering online in the United States was introduced May 6 by Democratic Rep. Barney Frank of Massachusetts.
Simmering concerns over wagering security in the pari-mutuel industry flared up again April 21 with a strong call for independent monitoring and an end to the practice of "past-posting" -- making bets after races begin.
Youbet.com has signed three agreements that will enable its members to watch and wager on racing from South Africa, Sweden, additional tracks in the United Kingdom, and Puerto Rico, providing nearly 24-hour-a-day racing coverage.
Hialeah Park received a Quarter Horse permit from the Florida Division of Pari-Mutuel Wagering on March 17, with an apparent mandate to begin that racing by March 17, 2010.
A 187-page bill that passed the Kentucky Senate March 13 includes provisions for a tax break for the Breeders' Cup World Championships if the event is held in Kentucky in 2011 or 2012, or 2011 and 2012.
The Thoroughbred Racing Associations has announced Saratoga Springs, N.Y., as the host city for the 18th International Simulcast Conference. The 2009 conference will be held Oct. 12-14 at the Saratoga Hilton.
The Thoroughbred Racing Associations board of directors has adopted a protocol that establishes industry-wide procedures for tracks to follow in case betting fails to close promptly at the start of a race -- something commonly referred to as "past-posting."
Hawthorne Race Course in Illinois registered gains in average daily total handle for its 2008-09 fall/winter meet thanks to increases in out-of-state wagering. On-track and in-state handle on Hawthorne races declined, however.
The Interstate Horseracing Act of 1978 is a double-edge sword. And the debate over whether it should be amended continues.
The Bush administration issued a final regulation Nov. 12 aimed at banning Internet gambling, drawing criticism from Democrats who said it would burden financial companies.
Colonial Downs may be looking for a manager to operate its live Thoroughbred and harness meet after releasing general manager Iain Woolnough Nov. 10. It also closed one of its nine off-track betting parlors in Virginia.
Handle at Calder Race Course's recently-concluded Calder meet fell 20% compared with 2007, according to the Florida Division of Pari-Mutuel Wagering.
The Illinois Thoroughbred Horsemen's Association, which represents owners and trainers at Arlington Park and Hawthorne Race Course, and the Oregon Horsemen's Benevolent and Protective Association, comprised of horsemen competing at Portland Meadows, have voted to join the Thoroughbred Horsemen's Group.
Support for reform of the revenue model for advance deposit wagering continues to increase, but as evidenced Sept. 30 during the International Simulcast Conference, it's looking more and more like a long-term project.
Prominent Thoroughbred Owner Mace Siegel, vice president of the Thoroughbred Owners of California, has given $100,000 to support the Thoroughbred Horsemen's Group and its efforts to protect live horse racing.
The Kentucky Horse Racing Commission has approved an innovative new wager between Churchill Downs and racetracks in other states.
Mike Ziegler, most recently vice president and assistant general manager at Hollywood Park, has been named senior vice president of California-based Youbet.com, the company announced Sept. 16.
Michael Konik, author of The Smart Money: How the World's Best Sports Bettors Beat the Bookies Out of Millions, will address the subject of programmed wagering and offshore booking Sept. 29, first day of the International Simulcast Conference in St. Petersburg, Fla.
Regulators in 13 racing states announced Aug. 4 they will begin the lengthy process of requiring offshore wagering entities and secondary pari-mutuel operations -- commonly referred to as SPMOs -- to obtain certification from the Association of Racing Commissioners International before they receive approval to wager into pools.
Legislation that would eliminate the automatic 25% federal withholding on pari-mutuel winnings of $5,000 or more on wagers of at least 300-1 was introduced in the U.S. House of Representatives July 29.
Betfair, the Great Britain-based online betting exchange, continues to negotiate with officials in the United States and is inching closer to a deal by which it would compensate horsemen for use of their product.
Gambling sources provide more than $25.4 billion to state and local governments, according to most recent figures, but taxes on pari-mutuel wagering provided just a little more than 1% of that total.
- By Tom Precious
Negotiators in New York the afternoon of June 13 were putting the final touches on legislation in which the state would take control of the New York City Off-Track Betting Corp., thereby averting a shutdown of the city's betting operations for the weekend.
Churchill Downs will begin testing a new wagering format with on-track customers June 11 that allows patrons to bundle win, exacta, and trifecta plays at a lower price per bet.
With the clock ticking on the closure of the New York City Off-Track Betting Corp., officials from the Bloomberg administration are stepping up their calls for industry stakeholders to compromise on a bill or face the loss of more than $100 million in OTB distributions.
The Southern Racing Cooperative has a new multi-year deal with the New York Racing Association on signal rates, a cooperative official said.
Calder Race Course and all other Florida tracks are facing the prospect of not receiving the signal for the May 17 Preakness Stakes (gr. I) and its Pimlico Race Course undercard.
The New York Racing Association and the Mid-Atlantic Cooperative have struck a signal-fee deal that will return the NYRA signal--currently from Belmont Park--to 16 East Coast racetracks and their affiliated off-track wagering outlets effective May 9.
Declines in on-track wagering, a dispute with the New York Racing Association over signal fees, and horsemen's refusal to allow six major advance deposit wagering outlets to take its signal has led River Downs to cut purses 15%-18% effective May 8.
Because of the dispute over simulcast fees and revenue, Calder Race Course will not offer wagering on the May 2 Kentucky Oaks (gr. I) and May 3 Kentucky Derby Presented by Yum! Brands (gr. I), as well as all other races on the two programs.
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