Rgs

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Jury Out on Rebates, Computer Bets

Jury Out on Rebates, Computer Bets

There may not be imminent decisions in the ongoing debate over high-volume betting shops and computer-assisted wagering. The industry remains split on mechanisms that have increased or shifted pari-mutuel handle, depending on the point of view.

Betfair Official Says U.S. Racing Could Make Millions

Betfair, the rapidly growing exchange-wagering provider based in Great Britain, believes it could provide up to $50 million in new revenue for itself, racetracks, and horsemen by 2008 should it be permitted to operate in the United States.

Keeneland Shuts Out Five Wagering Outlets

Keeneland will not make its live racing available for simulcasting to five outlets located both inside and outside of the United States. The official announcement was made Friday, the opening day of the 16-day meeting in Lexington.

High-Volume Shops Make Case As Wagering Study Continues

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.

California Won't Order RGS Curb on Lewiston Hub

California regulators decided Feb. 20 that they will hold off on considering a cutoff of wagering at post time from betting through the Lewiston, Maine simulcast hub, which processes wagers for rebating giant Racing and Gaming Services.

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