The top horse racing regulatory agency in Kentucky has approved regulations governing the licensing of advance deposit wagering providers and totalizator companies.
Advanced Monitoring Systems, selected by the New York State Racing and Wagering Board to provide independent wagering oversight, announced Oct. 19 it has deals in place with the three tote companies that service New York betting outlets.
Dawn Haden will replace Jeff True as president of United Tote, parent company Youbet.com has announced.
Shares of Scientific Games Corp. tumbled to its lowest point in more than three years Jan. 16 as the lottery services supplier reeled from the loss of its third online contract within a month.
AmTote, a wholly-owned subsidiary of Magna Entertainment Corp., has entered into a tote service agreement with Woodbine Entertainment Group in Canada.
As the in-development Wagering Transmission Protocol continues to take shape, the major tote companies in the pari-mutuel industry are heralding upgrades they're making in technology and customer service.
Changing consumer standards will be the theme at the 14th International Simulcast Conference Oct. 16-18 in Philadelphia. The conference will feature sessions on the impact of Internet wagering, the disparity between commercial television and simulcast signal quality, and heightened concern about equine welfare issues.
Youbet.com, which earlier this year purchased an offshore wagering company, has entered into an agreement to purchase United Tote for $49 million, the company announced Dec. 1. United Tote supplies tote services to more than 90 pari-mutuel facilities in North America.
The Breeders' Cup Future Bet won't be offered this year, but an official said he hopes it eventually returns under a format whereby wagering would be offered on more than 24 interests. Meanwhile, talks are under way about a new wager tied to jockey performance in the eight-race series.
TCA holds annual stallion season auction...Thistledown adds live racing on Dec. 16...United Tote signs key contract renewals.
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.
Churchill Downs Inc. will look to develop products that suit its patrons under a new customer relationship management program expected to have "dramatic" results, CDI president Tom Meeker said June 19 during the company's annual shareholder meeting in Louisville, Ky.
Late additions to the University of Arizona Symposium on Racing agenda stem from the Breeders' Cup Ultra Pick 6 investigation and resulting industry pari-mutuel review.
Major changes are needed in state's pari-mutuel law to keep statutes in line with technological advances, New York's top racing regulator said Nov. 13 in the wake of the Breeders' Cup Ultra Pick 6 betting probe.
The Wagering Technology working group formed by the National Thoroughbred Racing Association met for the first time Nov. 4. In addition, more members were named.
Regardless of the outcome of the probe into suspicious Breeders' Cup Ultra Pick Six wagers, the situation figures to trigger a review of how the pari-mutuel industry conducts its business. It also left National Thoroughbred Racing Association and Breeders' Cup officials to deal with public perception issues.
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