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HRTV Expands In Maryland-Virginia Market

HorseRacing TV™ announced Monday expanded carriage on Comcast cable systems throughout the Maryland-Virginia area.

 Tuesday, November 29, 2005

California Plans to Test Microchip Identification

Making its annual appearance in Silicon Valley on Thursday, the California Horse Racing Board directed its staff to take a major technological stride in the use of microchips for identification of race horses.

 Friday, July 01, 2005

TVG, XpressBet Approved in Virginia

Satellite television customers in Virginia who have watched horse racing on dedicated channels for several years can now wager on the races.

 Wednesday, April 27, 2005

Bay Meadows Signal Expands to TVG

The Bay Meadows racing signal will be available to all three legal account deposit wagering companies in California when the Bay Area track opens for business under new management Feb. 2.

 Saturday, January 29, 2005

Dubai Racing Carnival Coverage Begins

HorseRacing TV will provide live coverage of the 11-date Dubai International Racing Carnival from Nad al Sheba Race Course in Dubai, beginning Thursday.

 Wednesday, January 19, 2005

Online Poll Seeks Santa Anita's Top Moment

XpressBet and HorseRacing TV are offering fans an opportunity to select the most memorable moment in Santa Anita Park history in an online poll celebrating the 70th anniversary of the Arcadia, California track.

 Thursday, January 13, 2005

HRTV to Air on Comcast in Baltimore Area

The Maryland Jockey Club signal will appear on local Comcast systems beginning Jan. 14 as part of a digital sports package involving HorseRacing TV.

 Friday, January 07, 2005

CHRB Names Ingrid Fermin Executive Director

Ingrid Fermin, an outspoken steward known for her no-nonsense approach, will be the new executive director of the California Horse Racing Board.

 Thursday, December 02, 2004

XpressBet Approved in Washington

XpressBet received a license from the Washington Horse Racing Commission to become the second authorized advance deposit wagering provider in the state Oct. 14.

 Friday, October 15, 2004

Xpressbet Handle Falls 18% In California

Magna Entertainment Corp. may have some explaining to do at this month's California Horse Racing Board meeting as handle for its account-wagering service, Xpressbet, suffered an 18.4% decline among California residents during the year's first two months.

 Thursday, March 04, 2004

Magna's TV Distribution Under Fire Again

Unhappy with the lack of distribution for Magna Entertainment Corporation's Horse Racing Television signals from Santa Anita, Golden Gate Fields and Bay Meadows, California officials vowed Feb. 20 to address the issue when license renewals for the state's three approved account wagering services come up in December.

 Saturday, February 21, 2004

MEC: Recent Moves Designed to Benefit Tracks, Horsemen

Magna Entertainment Corp.'s top executive admitted the company has taken plenty of heat for recent business decisions tied to account wagering and rebate shops, but he indicated the racing conglomerate wouldn't apologize for a strategy he said is designed to benefit the industry in the long term.

 Monday, February 02, 2004

New 'Magna Five' Handle Exceeds $460,000

There was $460,400 wagered in the first week of Magna Entertainment's "Magna 5" wager. There were 28 tickets with all five winners, each worth $13,928.40.

 Saturday, January 31, 2004

Complaint Against Magna Filed with Federal Trade Commission

A complaint was filed with the Federal Trade Commission Thursday against Magna Entertainment Corp. for allegedly violating anti-trust laws with its new restrictive account-wagering policy.

 Friday, January 30, 2004

Magna 5 Kicks Off Saturday

The Magna 5, a five-race wagering series with a guaranteed $500,000 minimum pool, begins Saturday at approximately 4:25 p.m. (EST). In the span of a little more than an hour, five races, tied together with one bet, will be presented at Magna Entertainment Corp. tracks.

 Friday, January 30, 2004

HRTV To Broadcast Dubai Racing Carnival

HorseRacing TV (HRTV) will provide live coverage of the 10-date Dubai International Racing Carnival from Nad al Sheba Race Course in Dubai.

 Wednesday, January 21, 2004

Youbet Hopes for Deal to Restore All MEC Signals

Youbet.com said Dec. 30 it hopes to strike a deal with Magna Entertainment Corp. to offer wagering on all the company's racetracks.

 Wednesday, December 31, 2003

Youbet Hopes for Deal to Restore All MEC Signals

Youbet.com said Dec. 30 it hopes to strike a deal with Magna Entertainment Corp. to offer wagering on all the company's racetracks.

 Wednesday, December 31, 2003

MEC Move Creates Account-Wagering Dilemma

Magna Entertainment Corp. initiated restrictions upon or pulled its live racing signals from most account-wagering services effective Dec. 26, and at least one operator isn't happy about the developments.

 Tuesday, December 30, 2003

Magna Tracks to Cut Free Video Streaming

As of Jan. 12, fans used to watching those grainy images of races from the Web sites of Magna Entertainment Corporation-owned Gulfstream Park and Santa Anita Park will be unable to do so without paying for streaming video service.

 Friday, December 26, 2003

CHRB Responds to Trainer Concerns; Will Consider Security Measures

California racing regulators hope they can head off a widely-held suspicion on the backside that some trainers are cheating before that perception becomes the assumption on the front side.

 Thursday, December 04, 2003

CHRB, Tracks Debate Account Wagering

The California Horse Racing Board took a first look at the knotted issue of changing the way account-deposit wagering is conducted in the state by requiring racetrack associations -- as a condition to operate -- to negotiate agreements for handling wagers with all legal operators.

 Friday, September 19, 2003

Effort to Stop Internet Bets Impacts Account Wagering

Account-wagering providers and others in the pari-mutuel industry are working behind the scenes to remedy a situation that has kept bettors with certain credit cards from making legal Internet wagers.

 Thursday, May 29, 2003

Magna Entertainment Officially Launches HRTV

Magna Entertainment has officially launched HorseRacing TV, a 24-hour cable television network that provides Thoroughbred, Standardbred, and Quarter Horse racing from racetracks in the United States and Canada.

 Wednesday, January 08, 2003

Report: Magna Ends Pursuit of Suffolk Downs Lease

Following almost two years of on-again, off-again negotiations, Magna Entertainment has pulled out of negotiations to lease Suffolk Downs, the Boston Herald reported Oct. 15.

 Tuesday, October 15, 2002

TVG Growth Booming Due to Calif. Account Wagering

The TV Games Network has experienced explosive growth since California adopted advanced deposit wagering last January.

 Wednesday, September 18, 2002

Advance Deposit Wagering Growing in California

The percentage of California handle attributed to advance deposit wagering (ADW) is slowly growing, with 5.7% of in-state handle now traced to bets made through one of three account wagering providers.

 Friday, July 26, 2002

Analyst's Report Sharply Critical of Magna Entertainment

International investment bank Dresdner Kleinwort Wasserstein initiated coverage of Magna Entertainment last week and promptly told investors to sell.

 Monday, June 24, 2002

Credit Card Company: Online Wagers to be Blocked

Citibank, the nation's largest credit card company, is beginning a new system to block customers from using their plastic to make online wagers, New York attorney general Eliot Spitzer said June 14. The impact on companies that offer pari-mutuel wagering remains to be seen.

 Saturday, June 15, 2002

Santa Anita Handle Back Above $1 Billion

Good weather and the introduction of account wagering helped Santa Anita Park exceed $1 billion in total handle for the third time in five years.

 Monday, April 22, 2002

Account Wagering a Work in Progress, Officials Say

More than $14.5 million has been wagered through California's advance deposit wagering system in the first two months of operation, or about 3.5% of total handle. But while account wagering services had a burst of activity, officials said they were concerned about the leveling off of wagering and the number of new account holders over the past four weeks.

 Thursday, March 28, 2002

Youbet.com Exec to Join Magna

Ron Luniewski, the co-chief executive officer of Youbet.com, is resigning from the online horse racing wagering company to run Magna Entertainment's new XpressBet interactive wagering business.

 Thursday, March 21, 2002

TVG Chief Pleased With Early California Account Wagering Figures

Despite not being able to take bets on the two California Thoroughbred tracks currently operating, the Television Games Network said it is running neck and neck with competing account wagering entity XpressBet on total telephone and Internet handle for the first 12 days of legal advance deposit wagering (ADW) by California residents.

 Thursday, February 07, 2002

TOC Chairman: Deal is a 'Critical Benchmark'

In an open letter to the California Thoroughbred industry, Thoroughbred Owners of California chairman Jack Owens said the organization has taken its "stewardship role very seriously" in regard to account wagering, and said its agreement with Magna Entertainment is a "critical benchmark" for negotiations with other companies.

 Thursday, January 31, 2002

Magna Releases Host and "Territorial" Fees for Account Wagering

Magna Entertainment Corp. said it would pay a racetrack partner in its new XpressBet account wagering system up to 60% of the takeout if the bet is placed with a 25-mile radius of that track.

 Tuesday, January 29, 2002

XpressBet Said to Take Off on First Weekend

XpressBet, Magna Entertainment's revamped Internet and telephone service for in-home wagering, was "overwhelmed" by applications from prospective customers during its launch Jan. 26-27, a top company official said.

 Tuesday, January 29, 2002

Magna Entertainment's Statement on Advance Deposit Wagering in California

Applications from four companies seeking to offer Advance Deposit Wagering, or account wagering, in California will be considered by the California Horse Racing Board Thursday, Jan. 24. The regulations were approved by the state last Friday, allowing the CHRB to proceed with consideration of the applications from Autotote Enterprises Inc., Magna Entertainment Corporation, ODS Technologies (TVG), and Youbet.com. At the invitation of The Blood-Horse, each of the four license applicants was asked to provide a brief statement concerning their proposal for account wagering in California. Here is the response from Magna Entertainment:

 Wednesday, January 23, 2002
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