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.
Stevenson & Associates has reached an agreement with Decker LLC to assist with the development of SimulTech, a company formed to open and operate an offshore wagering hub that would process foreign wagers on United States racing.
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.
Most Popular Stories
- Frivolous Posts Falls City Handicap Upset
- Finnegans Wake Prevails in Hollywood Turf Cup
- After Gallop, California Chrome Ready to Go
- Daddy D T Tops Cecil B. DeMille Stakes
- Salutos Amigos Rallies to Win Fall Highweight
- Nathaniel Filly Tops Tattersalls Foal Session
- Discreet Marq, La Tia Square Off in Matriarch
- Euros Inside and Out After Japan Cup Draw
- Chrome to Go for the Green in Hollywood Derby
- An Opportunity for Hoppertunity in the Clark