Prominent Thoroughbred Owner Mace Siegel, vice president of the Thoroughbred Owners of California, has given $100,000 to support the Thoroughbred Horsemen’s Group and its efforts to protect live horse racing.
Since advance deposit wagering was authorized in California in 2002, Siegel has “been constantly championing the idea that ADW has to make an equitable return to tracks and horsemen, because without it, both will fail,” TOC president Drew Couto, who also serves as vice president of the THG, said in a statement.
The THG was formed by horsemen to help ensure the best distribution of racing signals for wagering and the maximum return to racetracks and horsemen to support the live racing product.
“No individual horseman has been more concerned about the rates of return for the industry than Mace Siegel,” Couto said. “He became a huge supporter of the idea that it was a shared responsibility among horsemen and racetracks that we create a modern model for ADW and other simulcast issues. When the THG was created, he was extremely interested in it succeeding.”
Siegel, who operates Jay Em Ess Stable with his daughter, Samantha, has served on the TOC board since its inception in 1993. Last year, Jay Em Ess ranked among North America’s top 20 owners by earnings, and in 2004, the stable raced champion juvenile Declan’s Moon.
“Mace’s leadership with the formation of Thoroughbred Owners of California, and the example he has set as an advocate for the rights of Thoroughbred owners, is an inspiration to all owners in our sport,” THG president Bob Reeves said. “The Thoroughbred Horsemen’s Group is another step on a national basis to protect the rights of Thoroughbred owners and the sport of Thoroughbred horse racing.”
Siegel is founder and chairman emeritus of Macerich, one of the largest owners, operators, and developers of retail property in the United States. He is a resident of Beverly Hills, Calif.
Couto and other THG officials will attend the International Simulcast Conference Sept. 29-Oct. 1 in St. Petersburg, Fla. Couto will be one of the panelists speaking on the issue of ADW and simulcast revenue.