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The record-breaking media deal agreed up in June 2001 by the majority of Great Britain's racecourses and broadcaster attheraces has collapsed.
Monday, January 26, 2004The scheme by three former fraternity brothers to fix the $3.1-million Ultra Pick Six payoff on the 2002 Breeders' Cup World Thoroughbred Racing Championships will be featured on national television tonight, Monday, Jan. 19.
Monday, January 19, 2004Handle through the AmericaTab family of account-wagering services was up almost 90% the first six days of January even though the services weren't permitted to offer betting on Magna Entertainment Corp. racetracks, including premier meets at Gulfstream Park and Santa Anita Park.
Wednesday, January 07, 2004Handle through the AmericaTab family of account-wagering services was up almost 90% the first six days of January even though the services weren't permitted to offer betting on Magna Entertainment Corp. racetracks, including premier meets at Gulfstream Park and Santa Anita Park.
Wednesday, January 07, 2004Total handle on Thoroughbred racing in the United States and Canada increased by only 0.9% in 2003, according to the National Thoroughbred Racing Association and Equibase.
Monday, January 05, 2004Magna Entertainment Corp. initiated restrictions upon or pulled its live racing signals from most account-wagering services effective Dec. 26, and at least one operator isn't happy about the developments.
Tuesday, December 30, 2003Wagering outlets and tote providers that fail to comply with security and technological upgrades mandated by the proposed National Office on Wagering Security will find themselves on the outside looking in, officials said Dec. 12 as the University of Arizona Symposium on Racing wrapped up business for 2004.
Friday, December 12, 2003The 2020 Committee of the Thoroughbred Racing Associations unanimously decided Dec. 10 to establish a model rule for totalisator systems in the event tote communications are interrupted. The decision stems from incidents in which past-posting has occurred after system failure.
Thursday, December 11, 2003Self-service wagering terminals tied to young women known as "hotwalkers" are being marketed by Futuristic Technologies, a company headed by Andy Stronach. The concept has generated much talk and looks at the University of Arizona Symposium on Racing, where the company has rolled out the machines, complete with the human touch.
Thursday, December 11, 2003Jean Major said he can't argue with the benefits of racetrack slot machines in Ontario, Canada. But he indicated there are two sides to every story, and suggested some procedures to ensure substantive growth in the horse racing industry.
Tuesday, December 09, 2003After months of debate, the California Horse Racing Board has shot down a proposal for a wager in which winning is tied to losing favorites.
Tuesday, October 28, 2003As the Breeders' Cup World Thoroughbred Championships approached the morning of Oct. 25, officials were hoping this year's $3-million guaranteed Breeders' Cup Ultra Pick 6 would be a success in light of last year's well-publicized incident of insider tampering. Measures are in place to avoid a similar scenario.
Saturday, October 25, 2003New York Racing Association officials said it appears losses were kept relatively low from a September incident in which at least a dozen wagering outlets failed to stop taking bets after a Belmont Park race had begun.
Tuesday, October 07, 2003In an unusual move, Pompano Park in South Florida has eliminated show wagering on all races for the 129-night meet that begins Oct. 10 and concludes May 1, 2004.
Wednesday, October 01, 2003The National Thoroughbred Racing Association Sept. 26 approved the position of chief security officer in keeping with a recommendation from Giuliani Partners and its Wagering Technology Working Group in the wake of the Breeders' Cup Ultra Pick 6 fraud of 2002.
Friday, September 26, 2003The producer, director, and screenwriter of the movie Seabiscuit believes horse racing is ripe for growth -- if it focuses on the characters in the game rather than the gambling aspects of it.
Monday, September 22, 2003More than 50 racetracks and racing associations in the United States, as well as all facilities in Canada, have eliminated cancel delays for tote tickets, but more than 20 in the U.S. have failed to comply with the request from the Thoroughbred Racing Associations.
Wednesday, September 03, 2003Though handle was down for its most recent racing season, the Hong Kong Jockey Club remains optimistic in the wake of product expansion, including wagering on soccer games, the organization's top official said Aug. 28 during the club's annual general meeting.
Thursday, August 28, 2003Less than a week after the National Thoroughbred Racing Association released a report that recommended upgrades in wagering technology and a streamlining of tote systems in the United States, Magna Entertainment Corp. acquired a 30% equity and voting interest in AmTote International for $3.82 million.
Friday, August 22, 2003Former New York City Mayor Rudy Giuliani told The Jockey Club Round Table Sunday that the "way in which to preserve and expand horse racing as a sport is to improve its business."
Sunday, August 17, 2003A track operator and a leading handicapper at an Albany Law School conference Aug. 5 were unable, not surprisingly, to agree whether the growing use of rebates in the racing industry is a good thing.
Tuesday, August 05, 2003State officials should consider removing the New York Racing Association as operator of Aqueduct, Belmont Park, and Saratoga racetracks for ignoring and covering up an empire overrun with employee corruption that includes cheating of its customers, New York Attorney General Eliot Spitzer has charged.
Saturday, June 14, 2003Broad gaming and pari-mutuel legislation that passed the Nevada Senate and Assembly allows for an expansion of account wagering in the state.
Tuesday, June 10, 2003With business lagging behind by about 7% compared with last year, officials at Lone Star Park at Grand Prairie are contemplating a purse cut as the racetrack nears the midway point of its 70-date racing season.
Thursday, May 22, 2003Magna Entertainment Corp. has plans for new pari-mutuel wagering machines designed to make betting easier for first-timers, officials said May 1 during a press conference after the company's annual meeting.
Friday, May 02, 2003North Dakota lawmakers have passed legislation that will substantially reduce the state's share of revenue from pari-mutuel wagering.
Tuesday, April 29, 2003The California Horse Racing Board heard arguments April 24 on the issue of publications and radio shows in the state selling advertising to off-shore wagering operations. Residents of California are only able to legally bet through facilities licensed by the state, so wagering with offshore companies is in violation of state law.
Friday, April 25, 2003It seems as though the horse supply and the betting dollar is about to get stretched even further in the Midwest, where racetracks and casinos are plentiful.
Tuesday, April 08, 2003California Horse Racing Board chairman Roger Licht said he favors changing state law to allow the pari-mutuel industry to pay rebates to its customers.
Monday, March 17, 2003A provision to eliminate the 30% withholding tax on foreigners who wager on pari-mutuel racing in the United States is part of a broad military tax-break bill scheduled to be addressed March 6 by the U.S. House of Representatives.
Wednesday, March 05, 2003Year-end "Thoroughbred Racing Economic Indicators" for pari-mutuel wagering in the United States and Canada show increases in total wagering and purses in 2002.
Thursday, January 09, 2003The Kentucky Racing Commission will begin a review of all policies and procedures related to pari-mutuel wagering, commission chairman Frank Shoop announced Dec. 4. The action stems from the recent Breeders' Cup Ultra Pick 6 investigation and the review being conducted by the National Thoroughbred Racing Association.
Wednesday, December 04, 2002Turfway Park, which began implementing measures designed to improve wagering security and increase customer confidence in mid-November, will adopt new wagering policies beginning Dec. 1, opening day of its holiday meet.
Wednesday, November 27, 2002Late additions to the University of Arizona Symposium on Racing agenda stem from the Breeders' Cup Ultra Pick 6 investigation and resulting industry pari-mutuel review.
Wednesday, November 27, 2002A legislator has proposed that New York law should be tightened to create a felony that specifically outlaws tampering with pari-mutuel bets and wagering systems. The bill, sponsored by Assembly racing committee chairman Alexander Gromack of Rockland County, comes in the aftermath of the Breeders' Cup Ultra Pick 6 betting probe.
Tuesday, November 19, 2002The National Thoroughbred Racing Association will hold a news conference in New York City Nov. 20 to discuss ongoing measures in connection with the Breeders' Cup Ultra Pick 6 investigation.
Tuesday, November 19, 2002Major changes are needed in state's pari-mutuel law to keep statutes in line with technological advances, New York's top racing regulator said Nov. 13 in the wake of the Breeders' Cup Ultra Pick 6 betting probe.
Wednesday, November 13, 2002Hollywood Park won't be getting special approval from the California Horse Racing Board to institute a new policy that would cut off wagering on its races at post time in time for its next racing day, which is Nov. 14.
Tuesday, November 12, 2002The Illinois Racing Board, without prior notice and over the angry objections of some track operators, on Nov. 12 slapped an immediate ban on wagers involving more than three races. It also put off licensing two tote companies for next year.
Tuesday, November 12, 2002Racetracks have already initiated a review of procedures related to pari-mutuel wagering in the wake of suspicious Breeders' Cup Ultra Pick Six wagers currently under investigation by the New York State Racing and Wagering Board.
Friday, November 01, 2002As the investigation into "unusual circumstances" surrounding winning Breeders' Cup Ultra Pick Six wagers continued Oct. 30, there was some speculation as to whether those bets, and perhaps others made through unlicensed account-wagering providers, are legal in Maryland.
Wednesday, October 30, 2002The National Thoroughbred Racing Association, in a statement released June 21, said the reworked "Combatting Illegal Gambling Reform and Modernization Act" is "fundamentally flawed and unfair," and it also said it plans to discuss the ramifications of a move by Citibank to ban use of credit cards for online wagering.
Friday, June 21, 2002Citibank, the nation's largest credit card company, is beginning a new system to block customers from using their plastic to make online wagers, New York attorney general Eliot Spitzer said June 14. The impact on companies that offer pari-mutuel wagering remains to be seen.
Saturday, June 15, 2002XpressBet Betty, the English-only voice recognition system, is the latest innovation in home account-wagering technology from Magna Entertainment Corp. It allows phone bettors to place wagers by simply speaking, and works without need of a live operator.
Thursday, June 06, 2002A proposed amendment to the Interstate Horseracing Act would differentiate between "host" and "off-track" horsemen's groups.
Wednesday, May 22, 2002The American Gaming Association has endorsed the "Combating Illegal Gambling Reform and Modernization Act" because its sponsor, Rep. Bob Goodlatte of Virginia, made changes at the organization's request.
Thursday, May 16, 2002National Thoroughbred Racing Association officials met with President Bush's legislative team and key members of Congress the week of April 8 in an effort to promote legislation to eliminate the 30% withholding on foreign wagers into United States pari-mutuel pools.
Wednesday, April 10, 2002Legislation introduced March 4 in the Kentucky House of Representatives would permit multi-jurisdictional simulcasting and interstate wagering hubs in the state. Licenses would be available to facilities that conduct live racing in Kentucky.
Tuesday, March 05, 2002It has taken almost four years, but "Instant Racing" machines have become an overnight sensation at Oaklawn Park in Hot Springs, Ark. In November, handle generated by the machines topped $1.2 million.
Tuesday, December 11, 2001In a pari-mutuel oddity, no money was wagered to win on either of the first two finishers in a five-horse field at Thunder Ridge Raceway in eastern Kentucky. In fact, 17 of the 43 pacers that competed on the seven-race program drew no win money.
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