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TV Games Network, the 24-hour horseracing and interactive wagering network, set a one-day handle record May 7 with $6,397,203 in bets. Wagering on the Kentucky Derby (gr. I) alone was $2,767,545.
Thursday, May 12, 2005Hong Kong's government is considering tax reform, a longer racing season, and new betting methods as it attempts to boost legal wagering on horse racing after losing ground to illegal and overseas gambling operators.
Thursday, May 12, 2005Youbet.com set records for one-day handle and customer deposits May 7, Kentucky Derby (gr. I) day, the online wagering company announced.
Wednesday, May 11, 2005Canterbury Park, which opens May 7, will not make its live racing signal available to five wagering outlets located in and outside the United States.
Friday, May 06, 2005New Jersey racing officials expect account-wagering handle to top $35 million this year in its first full year of operation.
Wednesday, May 04, 2005Keeneland's spring meet ended April 29 with record total attendance and the second highest on-track mutuel handle in history but a decline in total handle and total daily average handle.
Monday, May 02, 2005Youbet.com registered double-digit increases in handle and total revenue for the first quarter of 2005, which helped boost net income for the online wagering company from $15,000 in the first quarter of 2004 to $1.03 million this year.
Friday, April 29, 2005Arlington Park plans to showcase its turf racing during the 2005 season by offering the Turf Trifecta, a $100,000 guaranteed gross trifecta pool offered on every race that is actually run on the turf at on Fridays, Saturdays, and Sundays.
Wednesday, April 27, 2005Total handle on United States Thoroughbred racing in North America, as well as U.S. Thoroughbred purses, were down in the first quarter of 2005 compared with the first quarter in 2004, the National Thoroughbred Racing Association and Equibase said.
Friday, April 08, 2005Oaklawn Park has raised all overnight purses by $1,000 effective April 9, when the Racing Festival of the South begins.
Friday, April 08, 2005A World Trade Organization report released April 7 upholds the position of the United States to protect itself from illegal Internet gambling but also calls into question the fairness of the Interstate Horseracing Act.
Thursday, April 07, 2005Woodbine Entertainment Group, owner of Canada's largest racetrack, has filed applications that would allow its customers to place wagers directly into common pools at two tracks in the United States--The Meadowlands in New Jersey, and Calder Race Course in Florida. Similar applications for New York and California are slated to follow, said Steve Mitchell, WEG senior vice president and chief financial officer.
Tuesday, April 05, 2005Youbet.com, the California-based online wagering company, has appointed the members of an independent wagering compliance committee designed to provide oversight and audit company practices.
Thursday, March 31, 2005With handle in January down about 9% from the same period in 2004, Philadelphia Park said its year-to-date purse overpayment has reached $1.9 million because of a commitment to boost purses while it waits to install slot machines. Meanwhile, the Pennsylvania Horse Breeders Association finished 2004 in the black, but not without some adjustments.
Tuesday, March 29, 2005Five account-wagering hubs in Oregon handled a total of $883 million last year, up about 6% from the 2003 figure. Meanwhile, fourth-quarter handle for 2004 was down slightly from the same period in 2003, according to Oregon Racing Commission statistics.
Friday, March 04, 2005The Thoroughbred Racing Protective Bureau and Betfair, a betting exchange based in Great Britain, have signed a memorandum of understanding that allows the TRPB to obtain information on betting activity.
Thursday, March 03, 2005Instant Racing--pari-mutuel wagering machines that closely resemble video lottery terminals--had its first $1-million day in handle Feb. 21 at Oaklawn Park. Instant Racing, a product of RaceTech, first began operating at the Hot Springs, Ark., racetrack in 2000.
Wednesday, February 23, 2005The New York Racing Association is taking steps to avoid having to abandon live racing once the first race goes off.
Wednesday, February 09, 2005Youbet.com, which recently topped the $1-billion mark in handle, announced Feb. 8 it has a letter of intent to acquire International Racing Group, the Curacao-based account wagering company named but not charged in an 88-count federal indictment that alleged illegal gambling.
Wednesday, February 09, 2005An increase in handle on its live product had led Tampa Bay Downs to raise purses 7% effective Feb. 15. The daily average--overnight races and stakes--will be $140,000, a record for the track located in Oldsmar, Fla.
Tuesday, February 08, 2005Racing Services, the North Dakota wagering company convicted of illegal gambling, must forfeit about $99 million, the amount authorities said was wagered at an unlicensed site operated by the company.
Tuesday, February 08, 2005Prairie Meadows cannot receive payments from services that take Internet or telephone wagers from Iowa residents, according to an Iowa attorney general's opinion.
Tuesday, February 01, 2005The New York Racing Association will shut off its signal to an additional six wagering outlets, claiming it has no assurances from the companies about their ownership and customer base.
Wednesday, January 26, 2005Churchill Downs Inc. has suspended its business relationship with wagering services named in an indictment over alleged illegal gambling and race-fixing, and also is tightening standards for all account wagering services that take signals from the company's racetracks.
Thursday, January 20, 2005The National Horsemen's Benevolent and Protective Association's board of directors will decide Jan. 18 whether to endorse an updated "white paper" on simulcasting, but it won't decide--at least for several months--its position on high-volume rebate operations.
Monday, January 17, 2005Magna Entertainment Corp. won't renew its lease of Multnomah Greyhound Park in Oregon when it expires Dec. 31, the company said in a Dec. 23 press release.
Thursday, December 23, 2004Youbet.com and AmericaTab, two online wagering companies, will again be able to offer races from all Magna Entertainment Corp.-owned racetracks under agreements announced Dec. 23.
Thursday, December 23, 2004Thoroughbred and Quarter Horse interests in Iowa oppose a plan by the Standardbred industry to shift a larger percentage of purse money at Prairie Meadows to harness racing.
Thursday, December 23, 2004An error in the reporting of election results reversed the outcome of an off-track betting referendum in Virginia, officials said Nov. 4.
Thursday, November 04, 2004Youbet.com, the online wagering company based in California, continued its growth trend in the third quarter of 2004 with income of $791,085, compared with a loss of $617,853 for the same period in 2003.
Thursday, November 04, 2004Referendums on off-track betting passed in four of five Virginia communities Nov. 2. Should the facilities all be licensed, Colonial Downs would have 10 OTB parlors, the maximum allowed by law.
Wednesday, November 03, 2004Referendums on off-track betting passed in four of five Virginia communities Nov. 2. Should the facilities all be licensed, Colonial Downs would have 10 OTB parlors, the maximum allowed by law.
Wednesday, November 03, 2004On the heels of a record wagering day, Lone Star Park was set to host its first Breeders' Cup World Thoroughbred Championships with an improved weather forecast and a flurry of activity the morning of the event at the Texas racetrack.
Saturday, October 30, 2004The account-wagering era in New Jersey began Oct. 28, only two days before the Breeders' Cup World Thoroughbred Championships. Though the system was up and running in the nick of time, it has been years in the making.
Friday, October 29, 2004The "Head2Head" wager on Breeders' Cup day might also be called "Head2Head2Head" this year as the menu will offer two races with three betting interests instead of the usual two.
Wednesday, October 27, 2004Nine of the top jockeys in the world are set to square off Oct. 28 in the International Jockey Championship at Lone Star Park.
Sunday, October 24, 2004The Foreign Sales Corporation bill, which includes a provision to strike the 30% withholding tax charged to foreigners for winnings on United States races, was signed into law Oct. 22 by President Bush.
Friday, October 22, 2004The Belmont Park signal returned to Suffolk Downs Oct. 21after the track and the New York Racing Association struck a deal outside of the MidAtlantic Cooperative, of which Suffolk is a member.
Friday, October 22, 2004A third-quarter increase in purses despite a decrease in pari-mutuel handle is attributed to growth in alternative gaming, the National Thoroughbred Racing Association said.
Wednesday, October 20, 2004The Ohio State Racing Commission has opened its own investigation into a state Department of Public Safety report that video gambling machines were operating in a bar on property that includes the Cedar Downs off-track betting parlor in the northwest portion of the state.
Wednesday, October 20, 2004The opening of an off-track betting parlor in southwest Virginia was well received, and Colonial Downs is hoping other communities react favorably when residents go to the polls in November.
Monday, October 18, 2004A measure that would repeal the 30% alien withholding tax and allow the pari-mutuel industry to further export racing to foreign markets was approved by the U.S. Senate Monday, Oct. 11.
Monday, October 11, 2004The International Federation of Horseracing Authorities has adopted policies that target unauthorized wagering on races.
Monday, October 04, 2004A few racetracks have adopted recommendations made last year by the National Thoroughbred Racing Association Players' Panel, but NTRA officials and panel members said Sept. 28 the response generally has been sparse if not disappointing.
Tuesday, September 28, 2004The National Thoroughbred Racing Association will take a leadership role in the refinement of wagering security and infrastructure, its board of directors decided at a third-quarter meeting Sept. 24 in Dallas.
Friday, September 24, 2004The International Simulcast Conference concluded its three-day run in Miami Beach, Fla., Sept. 22 with a panel discussion that looked into why people would want to wager at racetracks instead of through account-wagering services or other outlets.
Wednesday, September 22, 2004One day after the first public presentation of the National Thoroughbred Racing Association Wagering System Task Force report, two issues central to the report--wagering systems and signal pricing--were discussed in depth Sept. 21 on day two of the International Simulcast Conference in Miami Beach, Fla.
Wednesday, September 22, 2004Keeneland will request approval from the Kentucky Horse Racing Authority Sept. 27 to offer a new wager whereby patrons can invest money in a group of predetermined selections during each racing program at the meet that begins Oct. 8.
Wednesday, September 22, 2004Oak Tree Racing Association, which will hold its meet beginning Sept. 29 at Santa Anita Park, will offer a $1 pick five wager. It is believed to be a first, the racing association said.
Tuesday, September 21, 2004A mixed reaction greeted the first public presentation of the National Thoroughbred Racing Association Wagering System Task Force report Sept. 20, first day of the International Simulcast Conference in Miami Beach, Fla.
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