The 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.
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.
Horseplayers 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.
Agua 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.
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.
- By Tom LaMarra
Handle 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.
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.
New 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.
The 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.
Horsemen 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.
James Burk and Gary Sproule have been named chief financial officer and chief operating officer of Youbet.com, the company announced July 9.
The National Horsemen's Benevolent and Protective Association will address distribution of racing content, equine drug testing, and health insurance during workshop discussions at its summer convention scheduled for July 19-22 in Williamsburg, Va.
A report by the New York Office of Inspector General to Gov. Eliot Spitzer lists four "general areas of concern" among the four entities seeking the franchise to operate Aqueduct, Belmont Park, and Saratoga, including relationships with rebate shops and bookmakers who take bets on racing from the United States.
The first "Global Bet" will be offered June 10 when wagering outlets in nine countries take trifecta bets on the Prix de Diane Hermes (Fr-I), the French Oaks, from Chantilly racecourse in France.
The United States will no longer have to open itself to foreign providers of betting services, a move the National Thoroughbred Racing Association said will strengthen the online pari-mutuel industry.
The financial results of the two biggest racing days for Churchill Downs Inc. show the company's new revenue model for account wagering can be successful, a company official said.
Legislation calling for a study of Internet gambling, including the impact of the Unlawful Internet Gambling Enforcement Act of 2006, has been introduced in the U.S. House of Representatives.
Major horsemen's groups have banded together to ask racetracks and account wagering providers to make the Triple Crown races available to all wagering services in light of a conflict that is spreading ill will as horse racing's most prominent and lucrative day approaches.
Youbet.com won't be offering Derby wagering this year, but its customers will have a shot at $1 million in a contest tied to the two marquee races at Churchill Downs this Friday and Saturday.
MTR Gaming Group has launched an online account wagering service called RacelineBet.com, which is affiliated with AmericaATB.
A decision by the AmericaTAB account wagering consortium to join TrackNet Media Group is a sign of support for efforts by Churchill Downs Inc. and Magna Entertainment Corp. to end exclusive contracts, an official said.
TrackNet Media Group will be a content provider for AmericaTAB under an agreement announced April 18.
An application by twinspires.com, the new Churchill Downs Inc.-owned account wagering service, was approved by the Virginia Racing Commission.
The Louisiana Horsemen's Benevolent and Protective Association has decided not to consent to the sending of the signal from Evangeline Downs Racetrack & Casino to TVG under the current exclusive arrangement between the track and racing network.
A study authorized by New York City Off-Track Betting Corp., the largest such entity in New York, recommends action designed to maximize the operation and capitalize on marketing opportunities.
Churchill Downs Inc. has received approval to operate an account wagering hub in Oregon and plans to have its new betting service, twinspires.com, operational before the spring meet begins at Churchill Downs April 28.
Youbet.com will begin offering wagering on racing from Philadelphia Park Casino & Racetrack March 31.
Bettors in South Africa were able to wager directly into a United States pool March 27 when the full card from Philadelphia Park Casino & Racetrack was made available at racecourses, off-track betting outlets, and through an account wagering system.
Off-track wagering in New Jersey will officially launch March 30 when "Favorites in Vineland" opens it doors.
Youbet.com will team with Boyd Gaming's Delta Downs Racetrack & Casino in Louisiana to help build the track's online pari-mutuel handle.
Turfway Park will begin distributing simulcast signals from racetracks in Great Britain beginning March 31.
A few consultants and racing executives said they believe the product of horse racing is fine, but the industry as a whole may not know what to do with it.
Account wagering provider Youbet.com said it applauds the partnership between Churchill Downs Inc. and Magna Entertainment Corp. because it should assist in wagering growth.
A handle and tax information system was unanimously endorsed by the Kentucky Thoroughbred Development Fund and will be recommended to the Kentucky Horse Racing Authority at its March meeting, it was decided Feb. 28. Funds for the software will most likely come out of the $1.2 million Kentucky Gov. Ernie Fletcher has recommended the state legislature approve in additional funding for the authority.
A Standardbred horsemen's group in New Jersey said it has dropped a lawsuit against the New Jersey Sports and Exposition Authority and TVG after the parties resolved their differences regarding interstate wagering on Meadowlands harness races.
The Caliente Group, which operates Agua Caliente in Mexico and is a major race and sports book operator, will be sharing information on betting activities with the Thoroughbred Racing Protective Bureau.
The Fortune Six at Beulah Park set another record Jan. 30 with a payout of more than $364,000 for a gimmick with a minimum wager of 25 cents.
This year's International Simulcast Conference will be held in Kansas City, Mo.
The Ohio Horsemen's Benevolent and Protective Association is challenging in federal court the constitutionality of an Ohio law governing the sending of simulcast signals.
A Virginia House of Delegates committee is scheduled to tackle legislation to authorize Instant Racing at a Jan. 30 hearing.
The independent pari-mutuel monitoring system offered by RCI Integrity Services has been endorsed by the National Council of Legislators from Gaming States.
Pennwood Racing plans to open the first off-track wagering facility in New Jersey in early March. The Turf Club on Delsea Drive is located in Vineland in the southern portion of the state.
New York City off-track betting corporations began importing the signal from Gulfstream Park Jan. 17 after an agreement was reached on a rate for the signal.
WinTicket.com has added live video-streaming to its mobile Web site, which means users can watch races on mobile devices.
Purses and handle on Thoroughbred racing in the United States increased 3.3% and 1.5%, respectively, in 2006
Suffolk Downs prepared to resume simulcasting Jan. 3 after the approval of enabling legislation by Massachusetts lawmakers late in the day Jan. 2.
Suffolk Downs will shut down Jan. 1 because the Massachusetts legislature has failed to approve legislation to authorize full-card simulcasts beyond the end of 2006.
Massachusetts racetracks could shut down Jan. 1 if the state legislature doesn't approve a bill to extend a law governing simulcasts through November 2007.
The New York State Racing and Wagering Board adopted regulations Dec. 28 that will expand account wagering to include the Internet and other electronic platforms.
Portland Meadows plans to install Instant Racing machines during its current 2006-07 meet under a plan recently approved by the Oregon Racing Commission.
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