Regulators who believe advance deposit wagering companies are not paying their fair share to the industry squared off against ADW reps who noted that added taxation could slow the success of a growing portion of the industry.
A handicapping tournament based on players' return on investment--not how much they wager--will be offered by BetPTC.com Aug. 4.
Representatives of eight advance deposit wagering companies seeking licenses to do business in Kentucky appeared before a racing commission subcommittee Feb. 29 to answer questions about their applications.
Lower pari-mutuel takeout rates can lead to more money for racetracks as well as bettors, according to a panel of experts gathered at the International Simulcast Conference Oct. 4 in Arizona.
Long-time racing industry executive Todd Bowker has been named general manager of Premier Turf Club, which operates a wagering platform that hubs through Oregon.
Presque Isle Downs is the latest track to get caught up in the battle over revenue sharing of online and telephone wagering companies as signals to many advance deposit wagering companies were cut off May 11 due to lack of agreements with the Pennsylvania Horsemen's Benevolent and Protective Association.
Premier Turf Club has added Keeneland content to its list of track offerings, building on a business model that has allowed the North Dakota-based advance deposit wagering entity to realize four-fold growth in handle in the last few months.
An official with Premier Turf Club is "disappointed" in what he feels is a lack of cooperation from racetrack signal providers, but is hopeful that the betting hub will be fully operational in the near future.
Touting their new advance deposit wagering enterprise as one developed "by players for players," backers of Premier Turf Club hope to reel in dollars currently being wagered with entities that operate outside the pari-mutuel arena.
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