Pari Mutuel Wagering

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Tote Protocol, Signal Pricing Debated at Conference

One 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.

Wagering Task Force Report Gets Public Airing

A 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.

Technology Lag Targeted by Wagering Task Force

The task force formed to look at why handle is up but purses are down ended up producing a report that tackles other issues such as disclosure of information from wagering outlets, technological limitations in tote systems, and the need for a secure database of wagering information.

Report: Industry Must Maximize Customer Benefits

A recently released report on wagering trends concludes the "handle up, purses down" situation isn't new, and that "incentive wagering service providers"--rebate operations--improve the competitiveness of the pari-mutuel industry.

National HBPA OKs Hub Plan, Wagering Report

The National Horsemen's Benevolent and Protective Association has adopted a memorandum of understanding with a company that plans to operate an offshore wagering hub, and it also endorsed a draft a report on pari-mutuel economics that suggests high-volume betting shops are important to the industry.

Account Betting Poised to Move Ahead in Jersey

The New Jersey Racing Commission expects to consider a "participation agreement" for distribution of revenue from account and off-track wagering at an Aug. 18 meeting at which the stakeholders are expected to apply for a license to begin account betting.

Future Bet Shelved; Jockey Wager in the Works

The Breeders' Cup Future Bet won't be offered this year, but an official said he hopes it eventually returns under a format whereby wagering would be offered on more than 24 interests. Meanwhile, talks are under way about a new wager tied to jockey performance in the eight-race series.

High-Volume Shops Make Case As Wagering Study Continues

As the National Thoroughbred Racing Association Wagering Systems Task Force prepares to hear recommendations on ways to address the "handle up, purses down" situation, operators of high-volume betting shops believe they might be a target and suggest that, as generators of up to 15% of annual handle in North America, they should be directly involved in the process.

Measure Would Authorize Betting Hubs in Kentucky

Legislation to authorize wagering hubs in Kentucky was introduced in the state Senate in early March and is moving through the legislative process as an amendment to a bill that would permit artificially inseminated horses to race in Kentucky. A hub measure was introduced in 2002 but it failed to garner support.

Account-Bet Deal Struck; National Policy Sought

The Ohio Horsemen's Benevolent and Protective Association and Beulah Park have struck a deal on revenue splits for account wagering, but the chief negotiator for the horsemen's group called it a big-picture issue that needs attention and leadership on the national level.

AmericaTab Chief: 'Fragmented Industry' Must Change

The president of a growing account wagering service said handle declines at major winter meets aren't good for racing, and he suggested it's time for a "fragmented industry" to move forward in the best interests of its customers, racetracks, and horsemen.

Tracks Hear of Plan for Centralized Wagering Database

The boards of the Thoroughbred Racing Associations and Harness Tracks of America held a joint meeting March 4, in part to discuss the working relationship between The Jockey Club and Scientific Games in their in effort to upgrade technology and improve security in the national wagering system.

Offshore Hub Plan Officially Endorsed by National HBPA

The National Horsemen's Benevolent and Protective Association has officially put its weight behind a plan for an offshore hub that would accept wagers from foreign countries and funnel them to a common pool from which racetracks and horsemen would derive revenue.

MEC: Recent Moves Designed to Benefit Tracks, Horsemen

Magna Entertainment Corp.'s top executive admitted the company has taken plenty of heat for recent business decisions tied to account wagering and rebate shops, but he indicated the racing conglomerate wouldn't apologize for a strategy he said is designed to benefit the industry in the long term.

AmericaTab Handle Jumps Despite MEC Blackout

Handle 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.

AmericaTab Handle Jumps Despite MEC Blackout

Handle 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.

MEC Move Creates Account-Wagering Dilemma

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Magna 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.

Tote, Security Standards Expected to Have Some Teeth

Wagering 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.

Tote Standard Designed to Avert Past-Posting of Wagers

The 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.

'Hot Walkers' Machines, Agents Turn Symposium Heads

Self-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.

How Much Do Slots Really Help the Racing Product?

Jean 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.

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