Woodbine Entertainment Group has reiterated its views on non-racetrack rebate shops by denying International Racing Group access to Woodbine-hosted pools.
The absence of turf racing didn't impact the Hollywood Park fall meet as much as expected--at least in terms of averages--according to meet-end figures released by the Southern California racetrack.
Large fields and an artificial racing surface are credited for a 17% increase in all-sources handle for the first three weeks of the Turfway Park meet.
Four companies have joined forces to expand the international wagering market, beginning with a racetrack and its off-track betting outlets in Brazil.
Total handle and purses registered gains during the 167-day Woodbine meet that spanned April 16-Dec. 11.
New York officials need to act quickly to launch a major overhaul of racing laws to help jumpstart the state's $1.4-billion Thoroughbred racing industry, Friends of New York Racing concluded in its year-end report on the status of pari-mutuel horse racing in the state.
The National Thoroughbred Racing Association, during a Dec. 1 meeting, approved a revised operating and licensing agreement with Breeders' Cup that will last at least one year, and received a report on what could be the first step toward formation of the long-awaited national Office of Wagering Integrity.
Youbet.com, which earlier this year purchased an offshore wagering company, has entered into an agreement to purchase United Tote for $49 million, the company announced Dec. 1. United Tote supplies tote services to more than 90 pari-mutuel facilities in North America.
Legislation introduced in the U.S. House of Representatives prohibits the use of credit for Internet gambling but contains provisions to protect interstate pari-mutuel wagering.
International Racing Group, a rebate shop located in Curacao but owned and operated by United States-based Youbet.com, was licensed by the Oregon Racing Commission Nov. 2, and is the first such entity to be licensed by U.S. regulators.
A few days after a federal judge denied granting her a new trial, Susan Bala, the founder and former president of North Dakota's Racing Services Inc., reported to prison Sept. 30 to begin serving a 27-month sentence.
In the two months since common pool pari-mutuel wagering with Canada was first introduced at Emerald Downs and Arlington Park, both tracks have seen significant increases in handle from Canada.
A procedural move has stalled a legislator's efforts to restrict Internet gambling by cutting off its funding sources, but his campaign isn't over, according to reports.
Offshore wagering services issued statements Sept. 13 expressing unhappiness with the way rebate shops were portrayed in a report that led to dismissal of charges against the New York Racing Association.
Scientific Games and a Swedish company will combine to launch the V75, a pick seven with a 10-cent minimum wager and the potential for multimillion-dollar payoffs, through Philadelphia Park and its Turf Clubs.
Kentucky Off-Track Betting's facility in Pineville will celebrate its 10th anniversary this weekend of Sept. 2-4. More than $51 million has been wagered at the facility since it opened in 1995.
Computerized wagering will be the focus of this year's International Simulcast Conference, scheduled for Oct. 3-5 in New Orleans.
A representative of the most publicized betting exchange in the world indicated the company is actively seeking a partnership with the United States pari-mutuel industry.
Legislation that became law July 1 has resulted in the TV Games Network closing the accounts of all Indiana residents.
Horsemen's associations based at Churchill Downs Inc.-owned racetracks will meet June 6 to address common concerns related to CDI and the pari-mutuel industry at large, officials said.
The pari-mutuel industry, which has hired legal specialists to deal with the ramifications of a recent World Trade Organization ruling, must now deal with the reincarnation of legislation to effectively ban Internet gambling by making financial transactions illegal.
A United States Supreme Court ruling that overturned Michigan and New York laws that keep wine produced out of state from being shipped to in-state customers could have implications for account wagering, a National Thoroughbred Racing Association official said.
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.
Hong 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.
Youbet.com set records for one-day handle and customer deposits May 7, Kentucky Derby (gr. I) day, the online wagering company announced.
Canterbury Park, which opens May 7, will not make its live racing signal available to five wagering outlets located in and outside the United States.
New Jersey racing officials expect account-wagering handle to top $35 million this year in its first full year of operation.
Keeneland'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.
Youbet.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.
Arlington 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.
Total 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.
Oaklawn Park has raised all overnight purses by $1,000 effective April 9, when the Racing Festival of the South begins.
A 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.
Woodbine 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.
Youbet.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.
With 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.
Five 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.
The 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.
Instant 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.
The New York Racing Association is taking steps to avoid having to abandon live racing once the first race goes off.
Youbet.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.
An 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.
Racing 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.
Prairie Meadows cannot receive payments from services that take Internet or telephone wagers from Iowa residents, according to an Iowa attorney general's opinion.
The 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.
Churchill 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.
The 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.
Magna 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.
Youbet.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.
Thoroughbred 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.
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