In July the Stronach Group purchased 100% of RaceTech, the historical racing company that had been controlled by Oaklawn Park owner the Cella family.
Another court decision went in favor of Kentucky Downs' new provider of historical racing games, Encore Racing Based Games, in litigation brought by RaceTech, the Franklin, Ky., track's former provider of the games.
A federal court Feb. 29 dismissed a patent infringement lawsuit brought by the former operator of historical racing at Kentucky Downs against the new operator.
The Wyoming Pari-Mutuel Commission Nov. 13 approved two companies as historic horse race wagering providers and authorized use of several game themes.
Encore Racing Based Games, the new company providing historical racing games at Kentucky Downs, says the track's former historical racing provider, RaceTech, is engaged in anti-competitive practices.
Kentucky Downs' decision to change its historical racing provider to Encore this year, and end its agreement with RaceTech, continues to be contested by the latter in court.
Breeders' Cup and RaceTech have announced they are partnering to develop a new historical horse racing game that will make its debut just prior to the Oct. 30-31 Breeders' Cup World Championships at Keeneland.
Ellis Park and RaceTech have extended their existing licensing agreement for historical racing games at the Henderson, Ky., racetrack. The new agreement runs through Dec. 31, 2016.
An executive with RaceTech, the company that produces Instant Racing machines, said the product has held up well against electronic games of skill at Oaklawn Park in Arkansas.
Portland Meadows plans to install Instant Racing machines during its current 2006-07 meet under a plan recently approved by the Oregon Racing Commission.
RaceTech, the company behind Instant Racing, expects to top the $100-million mark in total handle sometime this year. Instant Racing--basically pari-mutuel video lottery terminals--went online early in 2000 at Oaklawn Park and Southland Greyhound Park in Arkansas.
Instant Racing, a pari-mutuel gaming system currently available at wagering outlets in Arkansas and Wyoming, will be expanded in those two states early this year.
- By Victor Ryan
In a surprise move in Oregon, Magna Entertainment Corp. has removed the Instant Racing machines that were installed earlier this year at its two tracks, Portland Meadows and Multnomah Greyhound Park.
- By Tom LaMarra
Less 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.
Instant Racing, launched in Arkansas three years ago, was approved for use at pari-mutuel facilities by the Wyoming Racing Commission July 11. The devices, which resemble video lottery terminals but are linked to pari-mutuel pools, will first be installed at an off-track betting parlor operated by Wyoming Downs.
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