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About 1,000 Thoroughbreds could be forced to leave the grounds of Beulah Park by the end of this year if the racetrack and horsemen's association don't have a deal for advance deposit wagering revenue in place by Nov. 21, the day the Ohio State Racing Commission will award racing dates for 2009.
Tuesday, November 04, 2008
Churchill Downs said Oct. 24 it has not yet received consent from horsemen to distribute its racing signal to national advance deposit wagering sites for its fall meet, which starts Oct. 26.
Friday, October 24, 2008
While signal distribution at racetracks continues to be a hot topic in the horse racing industry, that doesn't appear to be the case at Hawthorne Race Course, which opens its meet Sept. 26.
Wednesday, September 24, 2008
Blaming a decline in purse money earned earned from wagering sources during its 2008 spring meet, Churchill Downs Racetrack has slashed its stakes program for the upcoming fall meet by $975,000 through purse reductions in 11 stakes races and the elimination of two others.
Friday, August 29, 2008
Churchill Downs Inc. has fired back at horsemen's groups it has sued over alleged federal antitrust violations, calling their collective actions "price-fixing, pure and simple."
Tuesday, August 26, 2008
Turfway Park said Aug. 20 it has received horsemen's consent to distribute its racing signal for the upcoming fall under the auspices of the present exclusive agreement with TVG, thus ending any speculation of a standoff similar to those plaguing other tracks.
Wednesday, August 20, 2008Several advance deposit wagering entities posted increased handle through the Oregon hub system in the second quarter of the year, despite an overall national decline blamed primarily on a revenue-sharing dispute between horsemen's groups and various tracks.
Tuesday, August 12, 2008
Churchill Downs Inc. said Aug. 6 it was pleased with its second quarter results despite various challenges that left the company with flat earnings in year-over-year comparison, claiming a high-profile dispute with horsemen had "little impact" on certain aspects of its financial performance.
Wednesday, August 06, 2008
Handle jumped more than 50% in the first three days of the Ellis Park meet, which started a week late due to a disagreement over revenue sharing.
Monday, July 14, 2008Two advance deposit wagering companies operating through the hub system in Oregon recently had their annual license renewals tabled by the state's racing commission, but will be able to rectify the situation at an upcoming July 17 meeting.
Wednesday, July 02, 2008A federal judge in Louisville on June 16 denied the Kentucky Horsemen's Benevolent and Protective Association's request for a preliminary injunction to require Churchill Downs Inc. to consult with it before cutting purses at Churchill Downs.
Tuesday, June 17, 2008
The Colonial Downs signal will be barred to at least three wagering outlets for its upcoming live meet. The Virginia racetrack joins the list of tracks whose betting options have been curtailed by disputes with horsemen's groups over revenue sharing.
Tuesday, June 03, 2008
In a flurry of responses filed recently in federal court, Kentucky horsemen claim Churchill Downs Inc. owes purse funds upwards to $3 million in unpaid fees from wagering revenues, and have asked a judge to force the racetrack company to pay out funds lost from a 20% purse cut.
Wednesday, May 28, 2008
Some bettors are frustrated with the current dispute between horsemen groups, racetracks, and advance deposit wagering companies over revenue sharing. They feel they've been neglected in the process, and threaten to take their wagering dollars elsewhere.
Thursday, May 22, 2008Advance deposit wagering through the Oregon hub system grew nearly 3% in the first quarter of 2008 despite an overall decline in national betting numbers in North America.
Tuesday, May 13, 2008
All-sources handle dropped nearly 2% on the May 3 card of the Kentucky Derby Presented by Yum! Brands (gr. I), a result a Churchill Downs official blamed on the fallout from an ongoing dispute with horsemen over signal distribution.
Sunday, May 04, 2008
Perhaps feeling the effects of an ongoing dispute with horsemen over signal distribution, handle on the May 2 Kentucky Oaks (gr. I) program was down about 7%, according to numbers released by the track.
Friday, May 02, 2008The Thoroughbred Horsemen's Group claims it wants advance deposit wagering entities to pay a fairer share into purse coffers, but those on the other side of the negotiating table claim the math simply doesn't add up.
Tuesday, April 15, 2008Account wagering companies that take bets on races from Lone Star Park must agree to a new formula that gives an equal share of pari-mutuel revenue to the racetrack, horsemen, and the wagering provider.
Thursday, April 10, 2008Wagering through the Oregon Racing Commission hub system jumped 17.4% in 2007, according to data compiled by the state regulatory agency.
Thursday, April 03, 2008
TVG has announced an exclusive multi-year agreement that ends an 18-month hiatus of Hawthorne Race Course from the racing network's line-up, and the Illinois track says it is all part of bigger plan to broaden its own plans for a self-run wagering entity.
Friday, March 07, 2008Phantom Fiber Corp. and Churchill Downs Inc.'s advance deposit wagering entity, Twinspires.com, are teaming up to bring a wagering platform to mobile phones and personal digital assistants, or PDAs.
Monday, December 03, 2007
Churchill Downs Inc. has announced it has consolidated its four individual advance deposit wagering platforms into one common site, www.TwinSpires.com
Wednesday, November 28, 2007
Fueled by a record total from TVG, wagers handled through Oregon hubs jumped 19.7% for the third quarter of 2007, according to data released by the state's racing commission.
Monday, November 19, 2007
California will embark on an eight-month experiment Nov. 7 that will allow all advance deposit wagering providers in the state access to all Thoroughbred signals.
Monday, November 05, 2007
International Racing Group and parent company Youbet.com are facing a Nov. 12 deadline in regards to IRG's license to operate a wagering hub in Oregon, and basically have two avenues to pursue for continued operation there.
Thursday, November 01, 2007As California continues to wrestle with improving advance deposit wagering, the state welcomed a new provider. TwinSpires.com was awarded an ADW license Oct. 18, making it the fourth company to offer home computer betting on horse racing in the state.
Thursday, October 18, 2007Though some decisions within the past year have been unsettling to some, Churchill Downs Inc. president and chief executive officer Robert Evans told shareholders it is all part of being competitive.
Thursday, June 28, 2007Louisiana operations helped Churchill Downs Inc. narrow its first-quarter loss, the company reported May 8.
Wednesday, May 09, 2007Churchill Downs' new account wagering service, TwinSpires, will not be open for business in time for the opening of the 2007 spring meet on Saturday, Churchill Downs Inc. announced April 27.
Friday, April 27, 2007An application by twinspires.com, the new Churchill Downs Inc.-owned account wagering service, was approved by the Virginia Racing Commission.
Wednesday, April 18, 2007Churchill Downs Inc. and Magna Entertainment Corp., the two leading owners of racetracks in North America, said March 5 they have entered into agreements that include CDI's purchase of 50% interest in MEC's HRTV network.
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