Legislation to authorize creation of an international wagering hub was passed by the Kentucky House of Representatives April 13, final day of the 2004 regular General Assembly session.
The Kentucky racing industry's next chance to win approval for a constitutional amendment on racetrack casinos will come in 2006, the Kentucky Thoroughbred Association said in a letter to members.
A Senate-approved plan to authorize creation of a multi-jurisdictional wagering hub in Kentucky was shot down by the House of Representatives March 29.
The Kentucky Senate March 26 passed three-prong legislation that authorizes creation of an international wagering hub, paves the way for live Quarter Horse racing, and gives Standardbred racetracks a tax break.
The National Horsemen's Benevolent and Protective Association's Executive Committee will decide Feb. 3 whether to move forward with a plan to create an offshore wagering hub that would accept wagers from bettors outside the United States in an attempt to increase handle and generate revenue for purses.
AmericaTab and its affiliates set a one-month handle record in March with $8.3 million in wagers, the company reported April 10. It was the second consecutive month of record-breaking handle.
On March 29 Arlington Park will serve North and South America as the simulcast host for the Dubai World Cup, the world's richest race and the first of the 14-part International World Series Racing Championship.
Account wagering services continue to post handle gains through their betting hubs in Oregon.
Legislation introduced March 4 in the Kentucky House of Representatives would permit multi-jurisdictional simulcasting and interstate wagering hubs in the state. Licenses would be available to facilities that conduct live racing in Kentucky.
The Racing Channel, an online handicapping and odds service with links to Philadelphia Park's Phonebet service, was granted approval to operate a "multi-jurisdictional simulcasting and interactive wagering totalizator hub" in Oregon. The approval includes an international marketing service that would take wagers from the United Kingdom through legal bookmakers.
The Oregon Racing Commission on Friday approved an application by the TV Games Network for to operate a wagering hub. Currently, TVG wagers run through a hub operated by NTRA Services, a subsidiary of the National Thoroughbred Racing Association and marketing partner of TVG.
NTRA Services will not renew its license to operate a wagering hub in Oregon. Instead, the TV Games Network, for which the National Thoroughbred Racing Association subsidiary operates the hub, is expected to apply for the license itself.
Racetracks and off-track betting sites lost hundreds of thousands of dollars after heavy flooding in Houston shut down a wagering hub two hours before the Belmont Stakes on June 9.
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