The California Horse Racing Board and Xpressbet are cooperating in a follow-up examination of a $30,000 win wager made at Betfair Hollywood Park Nov. 9 and canceled a few minutes before the seventh race.
Advance deposit wagering provider Xpressbet has reached an agreement with the French Pari Mutuel Urbain to offer its customers wagering access to French racetracks.
Xpressbet announced the participation of top rider Javier Castellano in the fifth International Jockeys' Challenge, sponsored by the Turkish Jockey Club, July 17 at Istanbul's Veliefendi Racecourse.
The partnership allows Xpressbet and the Guild to work side-by-side to provide racing fans unique access to many of the nation's most talented Thoroughbred and Quarter Horse riders.
The California Horse Racing Board April 11 approved an allocation of $2.85 million over the next three years for continuation of its racing injury prevention program with the University of California-Davis.
One Xpressbet customer will receive a $50,000 win bet on a horse of their choosing, as well as a VIP trip for two to Pimlico Race Course for the 138th Preakness Stakes (gr. I).
At least two of the four companies conducting advance deposit wagering in Illinois are shutting down operations for Illinois residents because that form of wagering is now illegal in the Land of Lincoln.
The California Horse Racing Board Nov. 15 approved the wagering platform that allows players to buy and sell, "back" or "lay" wagers.
Breeders' Cup and Xpressbet announced they have entered into a multi-year agreement which makes Xpressbet the official wagering partner of the World Championships and the title sponsor of the Breeders' Cup Sprint (gr. I).
Representatives of eight advance deposit wagering companies seeking licenses to do business in Kentucky appeared before a racing commission subcommittee Feb. 29 to answer questions about their applications.
The California Horse Racing Board agreed Dec. 15 to extend the license of account wagering firm TwinSpires.com after receiving assurance that parent company Churchill Downs Inc. would meet with the Jockeys' Guild.
The decision by Churchill Downs Inc. to drop a longstanding insurance agreement with the Jockeys' Guild could have ramifications in California for the company's advance deposit wagering firm TwinSpires.com.
The account wagering operation owned by Churchill Downs Inc. avoided losing its license to operate in California by reaching agreement with tracks in the state before a deadline expired March 18.
Satisfied that owners were getting as much as possible for purses from a recent state increase in takeout, the California Horse Racing Board granted three advance deposit wagering companies one-year extensions Jan. 20.
Temporary license extensions of 30 days to the state's four advance deposit wagering companies were approved by the California Horse Racing Board Dec. 16.
Prominent Thoroughbred breeder-owner Frank Stronach has taken over as chief executive officer of MI Developments, the racetrack operating company of which he is already chairman.
MI Developments received two waivers from the California Horse Racing Board Nov. 9 allowing it to move forward with the operation of Santa Anita Park and Golden Gate Fields and complete its new dirt track at Santa Anita.
An entity controlled by the family of Frank Stronach has offered to purchase any or all of the outstanding stock it doesn't already own in racetrack operating company MI Developments.
MI Developments Inc. announced Aug. 27 a bonus program involving tracks owned by the company that could result in a $5.5 million bonus for the winner of the 2011 Preakness Stakes (gr. I).
Oak Tree Racing Association announced Sept. 24 that it is launching a free new wagering platform, OakTreeBets.com, and that it will allow HRTV to provide daily coverage on a non-exclusive basis.
A new wagering platform called DelMarBets.com that allows bettors to make wagers online or by phone on Del Mar and other racetracks in the country year-round began operation July 1.
Keeneland officials announced March 31 that, for the first time, wagering on the track's upcoming spring race meeting will be available on all major North American betting platforms.
The parent company of Magna Entertainment Corp. disclosed March 10 it does not intend to keep on a long-term basis the racing assets upon which it is bidding in MEC's Chapter 11 bankruptcy reorganization, including its "immediate" intention of redeveloping Golden Gate Fields into a commercial property if the bid is successful.
Several assets owned by Magna Entertainment Corp. will apparently be offered separately for sale from a $195-million "stalking horse bid" its parent company has tendered in relation to MEC's Chapter 11 bankruptcy filing March 5.
Rebates to wagering customers have become so widespread that the California Horse Racing Board is preparing to rescind its rule against the practice.
An impasse in California over fee rates for interstate advance deposit wagering that has had a negative impact on Hollywood Park's fall meet ended Nov. 21 with the announcement that one-year deals with the four licensed providers in the state have been reached.
Members aligned on different sides of advance deposit wagering's "Big Four" reported mixed handle results in the third financial quarter amid declining national betting trends.
The signal for the Fair Grounds race meet starting Nov. 14 will be available to a wider variety of advance deposit wagering outlets, a group that does not include TVG, Churchill Downs Inc. announced Nov. 12.
One old betting axiom -- "shut out at the window" -- has taken on a whole new meaning when paired with a relatively new one in the racing industry lexicon: "signal wars."
An agreement has reportedly fallen apart for signal distribution of the upcoming Churchill Downs fall meet to advance deposit wagering entities, according to horsemen representatives involved in the negotiations.
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.
With horsemen and Hollywood Park unable to come to agreement on revenue splits from account wagering sources for the upcoming autumn meet at the Inglewood track, the California Horse Racing Board agreed to conduct a special hearing to settle the impasse.
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.
Several 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.
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.
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.
Advance 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.
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.
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.
The 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.
Account 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.
Wagering through the Oregon Racing Commission hub system jumped 17.4% in 2007, according to data compiled by the state regulatory agency.
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.
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.
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.
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.
Breeders' Cup Ltd. has anounced agreements to carry the World Championship signals with all major account deposit wagering platforms, including Youbet.com, which has been involved in a federal investigation regarding activities of its off-shore wagering entity, International Racing Group.
Advance deposit wagering, which in five years has grown to represent about 13.4 % of total handle through the California pari-mutuel system, was reauthorized by Gov. Arnold Schwarzenegger Oct. 13.
TVG has filed a lawsuit against Magna Entertainment Corp., HRTV, and XpressBet for alleged patent infringement, the company announced May 18.
Michael Neuman was named Magna Entertainment's new chief executive officer and Charlie J. Williams was appointed to the company's board of directors, it was announced Feb. 27.
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