Pari Mutuel Wagering

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Betfair, U.S. Horsemen Continue Talks

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.

NYCOTB Takeover Plan Appears Likely

NYCOTB Takeover Plan Appears Likely

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.

Compromise Urged on New York City OTB

Compromise Urged on New York City OTB

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.

No Oaks, Derby Wagering for Calder

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.

Second Group of Tracks Has No NYRA Deal

Second Group of Tracks Has No NYRA Deal

Another group of racetracks won't be importing the signal from Belmont Park beginning April 30 because they collectively have failed to strike a deal on signal rates with the New York Racing Association.

NY Mandates Independent Betting Monitor

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.

Evans: Internet and ADW Key to Growth

Evans: Internet and ADW Key to Growth

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.

Progress Noted in Calder Contract Talks

Progress Noted in Calder Contract Talks

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.

Florida HBPA Using THG in Negotiations

Florida HBPA Using THG in Negotiations

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.

RCI: Autonomous Betting Monitor Critical

RCI: Autonomous Betting Monitor Critical

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.

Millions on Line in Pick 6 Pool

Millions on Line in Pick 6 Pool

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.

Jury Out on Rebates, Computer Bets

Jury Out on Rebates, Computer Bets

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.

Woodbine, Horsemen Extend Contract

Woodbine, Horsemen Extend Contract

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.

Calder On-Track Handle Down 24%

Calder On-Track Handle Down 24%

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.

Pols Reluctant to Tackle Pricing

The 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.

Official: Industry Security Lacking

The 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.

Calder, Others Face Issues in 2008

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Calder, Others Face Issues in 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.

NYRA Has New Content Deals for 2008

NYRA Has New Content Deals for 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.

Legislators Eye Pari-Mutuel Model

The 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.

HBPA of Ontario Joins New Coalition

The 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.

KHRA Studies Past-Posting Incident

KHRA Studies Past-Posting Incident

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.

Horsemen's Groups Form Coalition

Eight 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.

Internet Gambling Debate Lingers

Efforts 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.

Wanted: A Better Pari-Mutuel Model

The 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.

Technology, Handle Revenue on Conference Agenda

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The 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.

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