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Market Competitor Doesn't Sit Well With CDI

Churchill Downs Inc. and Daily Racing Form are at odds over the publishing company's launch of an advance deposit wagering system powered by XpressBet.com, which is owned by CDI rival MI Developments.

ADWs Grab Larger Share in First Quarter

Led by strong performances from Twinspires.com and Youbet.com, collective handle for the four largest domestic advance deposit wagering platforms increased by roughly 15% in the first quarter of the year, while their overall share of the national betting pie grew by more than 2%.

MRC: ADWs Face Shutdown in Maryland

A trio of large domestic advance deposit wagering companies is facing a shut-off of operations in Maryland unless a new agreement for revenue sharing is reached, the Maryland Racing Commission said recently.

'Big Four' Post Mixed Oregon ADW Numbers

'Big Four' Post Mixed Oregon ADW Numbers

Even though TVG, TwinsSpires.com, and XpressBet.com enjoyed handle growth in 2008, total wagers processed by advance deposit wagering entities through hubs in Oregon decreased for the first time this decade, though the numbers are skewed by actions related to another member of the "Big Four," Youbet.com.

Magna Files for Chapter 11 Bankruptcy

Magna Files for Chapter 11 Bankruptcy

Magna Entertainment Corp. announced March 5 it filed for Chapter 11 bankruptcy protection, and also unveiled a plan to sell many of its assets, including Gulfstream Park in Florida, Golden Gate Fields in California, and Lone Star Park in Texas.

Baze Tops Portland Meadows 'Challenge'

Baze Tops Portland Meadows 'Challenge'

Thoroughbred racing's all-time winning jockey Russell Baze and three of his colleagues will fly up from Northern California to take on four of the top riders at Portland Meadows Jan. 7 in the first Golden Gate versus Portland Meadows Jockey Challenge sponsored by XpressBet.

HorseRacing TV Joins DISH Network

Magna Entertainment Corp.'s HorseRacing TV will now be carried on DISH network, beginning July 15. HRTV features television coverage of 13 racetracks owned, operated or managed by MEC.

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