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'Big Four' Yield Mixed 3Q Handle Totals

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.

FG Signal Going to Youbet, But Not TVG

FG Signal Going to Youbet, But Not TVG

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.

ADW Revenue Issues: Have and Have Not

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."

Churchill ADW Agreement Off the Table?

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.

No ADW Issues Evident at Hawthorne

No ADW Issues Evident at Hawthorne

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.

Hollywood, Horsemen Squabble Over ADW

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.

No 'Signal Wars' Evident at Turfway Park

No 'Signal Wars' Evident at Turfway Park

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 ADWs Increase Handle in Oregon

Several ADWs Increase Handle in Oregon

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.

ADW Lockout Blamed for Derby Handle Drop

ADW Lockout Blamed for Derby Handle Drop

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.

THG, TrackNet Have Differing Views

THG, TrackNet Have Differing Views

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.

Record Wagering Through Oregon Hubs

Record Wagering Through Oregon Hubs

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.

Youbet In, IRG Out Among Those with Breeders' Cup Agreements

Youbet In, IRG Out Among Those with Breeders' Cup Agreements

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.

Magna Entertainment Names CEO, Director

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.

No Santa Anita Clause for TVG

TVG viewers won't be getting what they wanted most for Christmas -- to watch and wager on races from Santa Anita Park starting with the new season on Dec. 26.

California ADW Rivals Near Signal Agreement

California customers of rival account deposit wagering companies TVG and XpressBet would be able to play any track in the state with their preferred carrier under an agreement being negotiated on a one-year experimental basis.

Account-Bet Dispute Addressed; Signal Available

The Ohio Horsemen's Benevolent and Protective Association has indicated Thistledown is authorized to send its signal to Youbet.com, but the California account wagering company has indicated it may not be willing to offer the signal.

Colonial Teams with Restaurant to Expand ADW

In a collaborative initiative to expand advance deposit account wagering, Colonial Downs has teamed up with Chevy's Restaurant and Night Club in Chesapeake, Va., to promote new wagering technology that could be the horse racing's equivalent to video poker and bar trivia.

DeFrancis Named CEO of New Magna Company

Magna Entertainment announced Monday that Joe DeFrancis, chief executive officer of the Maryland Jockey Club, has been appointed CEO of PariMax, a new company to oversee the development of Magna's "various electronic distribution platforms."

Magna 5 Wager Returns Saturday

Magna 5, the popular $2 pick five wager on races at coast-to-coast tracks for a $500,000 guaranteed pool, returns for a third year Saturday. Along with generous payoffs, the fast-paced presentation of five races in about an hour has proven to be an attractive feature of the wager.

HRTV to Broadcast Horse Player World Series

HorseRacing TV has entered into a comprehensive agreement with Coast Hotels and Casinos for exclusive broadcast coverage and promotion of the Horse Player World Series from the Orleans Hotel and Casino in Las Vegas Jan. 19-21.

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.

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.

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.

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.

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.

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.

MEC: Recent Moves Designed to Benefit Tracks, Horsemen

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.

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.

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