TrackNet Media Group and the New Jersey Sports and Exposition Authority have reached an agreement on content from Meadowlands and Monmouth Park for 2008.
The current pari-mutuel structure has captured the attention of state legislators who will discuss the situation--and whether or not they need to get involved--during the National Council of Legislators from Gaming States winter meeting Jan. 4-6, 2008.
A deal struck between TVG and the New Jersey Sports and Exposition Authority extends the network's previous agreement for rights to signals from Monmouth Park and Meadowlands, but allows the NJSEA to separately negotiate with entities affiliated with TrackNet Media Group.
Eight horsemen?s groups from around the United States have joined together to form a coalition designed to improve racing economics, specifically in the area of generating more purse revenue from interstate simulcasts.
The head of the National Horsemen?s Benevolent and Protective Association has suggested the horseracing industry create an entity to assist in the marketing and distribution of its product, in this case racing signals.
TrackNet Media Group is confident it will execute a contract to carry the Breeders' Cup World Championships signal, an executive with the content management company said Oct. 16.
Oaklawn Park has signed an agreement to allow TrackNet Media Group to manage the track's simulcast sales, it was announced Oct. 15.
Several advance deposit wagering companies have yet to secure contracts for the Breeders' Cup World Championships, a consultant said Oct. 15.
The president of a Louisiana horsemen's group has promised legal and legislative action if a solution isn't soon realized in the fractured advance deposit wagering industry.
A group of bettors angered at the divisive state of advance deposit wagering has taken action by staging what it termed a "buycott" at a New Mexico racetrack, and also launched a protest Web site against a content provider.
A group of bettors frustrated with the fractured structure of advance deposit wagering are planning protests against racing entities they believe are responsible for the industry sector's ills.
TrackNet Media Group will allow customers of Elite Turf Club and Racing & Gaming Services who wager $1 million or more annually to receive rebates on TrackNet races, the racetrack content company announced Aug. 1.
Youbet.com has implemented self-described cost-cutting and revenue enhancement initiatives of about $5 million in an effort to offset lower revenue expectations from its IRG and United Tote subsidiaries, the company recently announced.
Horsemen are calling for an end to the stalemate over account wagering; and even though providers say they want it to end as well, there doesn't appear to be a resolution in sight.
The National Horsemen's Benevolent and Protective Association will address distribution of racing content, equine drug testing, and health insurance during workshop discussions at its summer convention scheduled for July 19-22 in Williamsburg, Va.
Michael Neuman, who was hired in late February as the chief executive officer of Magna Entertainment Corp., is leaving the company, it was announced June 22.
Kentucky racetracks and horsemen's groups will have to hammer out a new agreement on source-market fees now that Churchill Downs Inc. no longer has an exclusive agreement with account wagering provider TVG.
The financial results of the two biggest racing days for Churchill Downs Inc. show the company's new revenue model for account wagering can be successful, a company official said.
Officials with Magna Entertainment spent a good deal of time May 9 highlighting the company's continued attack on staggering debt, and how it will correct an admittedly disappointing start for the slots operations at Gulfstream Park.
Youbet.com directed more criticism at the controversial content alliance of Churchill Downs and Magna Entertainment May 8, with one executive telling analysts during an earnings conference that the partners in TrackNet Media Group "ended up shooting not only themselves, but an entire industry."
Major horsemen's groups have banded together to ask racetracks and account wagering providers to make the Triple Crown races available to all wagering services in light of a conflict that is spreading ill will as horse racing's most prominent and lucrative day approaches.
Youbet.com won't be offering Derby wagering this year, but its customers will have a shot at $1 million in a contest tied to the two marquee races at Churchill Downs this Friday and Saturday.
TVG has a new distribution agreement with DIRECTV that will make the network available to an additional eight million subscribers of the satellite service.
In response to a release and teleconference by Youbet.com Monday concerning an impasse in its negotiations with TrackNet Media Group over account deposit wagering, Scott Daruty, chief executive officer of TrackNet Media Group, released a statement outlining his company's position.
A decision by the AmericaTAB account wagering consortium to join TrackNet Media Group is a sign of support for efforts by Churchill Downs Inc. and Magna Entertainment Corp. to end exclusive contracts, an official said.
Though questions persist about TrackNet Media Group, the entity formed by Churchill Downs Inc. and Magna Entertainment Corp. to buy and sell simulcast signals, it has generated an initial positive response from one of the country's major horsemen's groups.
Churchill Downs Inc. has received approval to operate an account wagering hub in Oregon and plans to have its new betting service, twinspires.com, operational before the spring meet begins at Churchill Downs April 28.
Tom Aronson, one of the architects of the TVG racing network business plan in the late 1990s, has been hired as vice president of Churchill Downs Inc. to focus on development and innovation of the product.
Account wagering provider Youbet.com said it applauds the partnership between Churchill Downs Inc. and Magna Entertainment Corp. because it should assist in wagering growth.
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