The apparent hiring of the team of sports agent Dwight Manley and civil rights activist the Rev. Jesse Jackson as national manager has created uneasiness among some members of the Jockeys' Guild who put their support behind Dave Stevenson, a former rider and consultant with knowledge of the inner workings and politics of the pari-mutuel industry.
Jockeys' Guild officials are optimistic that the organization's finances will improve, but much hinges upon the resolution of lawsuits and payments by some jockeys for health insurance.
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 and Associates is in the process of lining up potential investors for SimulTech, a company formed to operate an offshore wagering hub that would accept bets on United States racing from foreign countries.
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
- California Chrome Draws Rail in PA Derby
- Flashback Retired to Stand at Hill 'n' Dale
- Equine Encephalitis Reported in New York
- Churchill, Yum! Brands Ink 5-Year Agreement
- Oversight Board Reviews NYRA Finances
- First Reported Winner for Pleasant Strike
- Velazquez to Ride Euro Charline in QEII
- Three-Time Grade I Winner Behrens Dies
- Trade Storm Reigns With Woodbine Mile Upset
- Top 3-Year-Old Fillies to Battle in Cotillion