Keyword: account wagering

  • Kentucky ADW Tax Clears House Committee

    The Kentucky House Appropriations and Revenue Committee passed legislation authorizing a tax on advance deposit wagering Feb. 12, but it remains to be seen if all parties agree on the language in the measure.

  • Kentucky Lawmakers Eye Tax on ADW Bets

    The Kentucky General Assembly probably will consider legislation in 2012 that taxes bets made by Kentucky residents through advance deposit wagering systems to bolster the Kentucky Thoroughbred Development Fund.

  • 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.

  • ADW Fee Cap Impacting Illinois Racing

    A 5% cap imposed by the Illinois Racing Board on account wagering fees charged by out-of-state racetracks to send their signals to customers in Illinois has led to a significant downturn in wagering from those sources.

  • Youbet.com Reports Small First-Quarter Loss

    Youbet.com reported a small loss for the first three months of 2010, noting there would have been a similar gain if not for $1 million in expenses tied to its impending merger with Churchill Downs Inc.

  • Kentucky Senate President David Williams

    Williams Says Racing Issues 'Complicated'

    Kentucky Senate President David Williams said April 27 issues in the horse racing and pari-mutuel industry are "complicated," but lawmakers intend to continue working on ways to strengthen the business.

  • PhoneBet TV Viewers Will Be in the Dark

    Comcast, the broadcasting network of Philadelphia Park Casino & Racetrack's daily television show PhoneBet TV, has announced it will remove the show from its lineup effective March 31.

  • CDI's Evans: Some Progress in Kentucky

    The president of Churchill Downs Inc. said he believes recent developments with the makeup of the Kentucky General Assembly are positive and could help lead to legalization of video lottery terminals at racetracks in the state.

  • Three ND Account Wagering Companies Licenced

    The North Dakota Racing Commission announced significant interest by account wagering companies since the enactment of House Bill 1551 into law July 1. The new tax law significantly reduces the state tax levied on account wagering and removes the 4% tax assessment on the first 11 millions wagered.

  • Nassau Regional OTB to Show Saratoga Racing

    At the urging of the New York State Racing and Wagering Board, the New York Racing Association July 29 -- opening day of the Saratoga meet--authorized restoration of its televised signal to the in-home distribution network of Nassau Regional Off-Track Betting Corp.

  • Youbet Expands International Offerings

    Youbet.com has signed three agreements that will enable its members to watch and wager on racing from South Africa, Sweden, additional tracks in the United Kingdom, and Puerto Rico, providing nearly 24-hour-a-day racing coverage.

  • ADW Agreement Announced for Oaklawn Meet

    Advance deposit wagering outlets owned by TrackNet Media, TwinSpires.com and XpressBet, as well as Youbet.com, will be taking bets on the upcoming 2009 Oaklawn racing season under an agreement announced Dec. 31.

  • Hollywood Park

    ADW Agreement Reached in California

    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.

  • CHRB chairman Richard Shapiro, who labeled ADW standoff "just an intolerable situation at this point."

    CHRB Pushes for Action in ADW Standoff

    In a high-stakes "game of chicken," the California Horse Racing Board pushed account wagering a little closer to the edge Nov. 18 when it declined to renew the licenses of the state's four Internet and telephone bet companies.

  • Without ADW Deal, Horses May Get Boot

    About 1,000 Thoroughbreds could be forced to leave the grounds of Beulah Park by the end of this year if the racetrack and horsemen's association don't have a deal for advance deposit wagering revenue in place by Nov. 21, the day the Ohio State Racing Commission will award racing dates for 2009.

  • Hollywood's ADW Dispute Unresolved

    Out-of-state account wagering bettors remained locked out of Hollywood Park races as a contract dispute between the Thoroughbred Owners of California and the four advance deposit wagering companies showed no sign of resolution Oct. 30, the second day of the fall meet.

  • Hollywood Park

    Hollywood ADW Signal Limited; Purses Cut

    A stalemate between California horsemen and advance deposit wagering companies kept Hollywood Park's out-of-state signal unavailable on opening day of the track's fall season Oct. 29.