Keyword: account wagering

  • Beulah Park Slashes Purses Amid Dispute

    Beulah Park, locked in a dispute that centers on revenue from advance deposit wagering, intends to resume live racing Oct. 22 but with greatly reduced purses and no export of its signal outside of Ohio.

  • California Defers ADW Rule Change

    After more than a year of discussion, the California Horse Racing Board has deferred any action on a proposed rule that would prohibit advance deposit wagering companies from making exclusive wagering agreements with Thoroughbred racetracks in the state.

  • ADW Model: Who's Right, Who's Wrong?

    Support for reform of the revenue model for advance deposit wagering continues to increase, but as evidenced Sept. 30 during the International Simulcast Conference, it's looking more and more like a long-term project.

  • Mike Ziegler

    Ziegler Named Youbet.com Senior VP

    Mike Ziegler, most recently vice president and assistant general manager at Hollywood Park, has been named senior vice president of California-based Youbet.com, the company announced Sept. 16.

  • Ellis Park

    Ellis Park Announces 5% Purse Increase

    Ellis Park, which nearly closed a month ago due to stalled negotiations with horsemen over a new advance deposit wagering contract, announced it will increase purses by 5% beginning Aug. 13 through the close of the current meet Sept. 1.

  • Fan-Friendly ADW Experiment Nears End

    With the looming expiration of an experiment to share racetracks among account wagering companies in California, representatives continue to meet in hopes of an agreement in time for the start of the Del Mar summer meet July 16.

  • THG to Racetracks: Let's Meet on ADW

    The Thoroughbred Horsemen's Group is calling for a meeting with the Thoroughbred Racing Associations to discuss advance deposit wagering revenue given ongoing conflict between horsemen, racetracks, and ADW providers over equitable revenue splits.

  • Calder Paddock and Grandstand

    Group Thanks Calder Horsemen for Effort

    The Florida Horsemen's Benevolent and Protective Association issued a statement July 8 thanking Calder horsemen who "took the full brunt" of purse cuts during a 2 1/2-month dispute with track owner Churchill Downs Inc.

  • Ellis Park

    Last-Chance Deal on Table at Ellis Park

    Negotiations between Ellis Park and the Kentucky Horsemen's Benevolent and Protective Association continued July 5 in an effort to resolve a dispute that led the western Kentucky racing to shut down the day before its summer meet was to begin.

  • Ellis Park

    Groups Say Ellis Park Closure a Symptom

    The TRA and KEEP have weighed in on the announced closure of Ellis Park in western Kentucky. They blame lack of a long-term, industry strategy on advance deposit wagering, and inability to compete with other states, respectively.

  • If Ellis Is Done, What About the Dates?

    Ellis Park's owner said the western Kentucky racetrack won't hold its meet this summer, though horsemen want the Kentucky Horse Racing Authority to intervene. Could another track get the dates?

  • THG to Negotiate for California Horsemen

    The Thoroughbred Owners of California board of directors has unanimously endorsed the negotiating model created by the Thoroughbred Horsemen's Group, and has authorized the THG to represent the TOC in future simulcast negotiations, including in advance deposit wagering negotiations.

  • MEC, THG Talking But No Deal in Sight

    Officials with Magna Entertainment Corp. and the Thoroughbred Horsemen's Group have met twice recently to discuss the ongoing conflict over revenue splits for advance deposit wagering, though the sides aren't close to striking a deal.

  • River Downs

    Wagering Mess Leads to River Purse Cut

    Declines in on-track wagering, a dispute with the New York Racing Association over signal fees, and horsemen's refusal to allow six major advance deposit wagering outlets to take its signal has led River Downs to cut purses 15%-18% effective May 8.

  • CDI president Robert L. Evans

    Evans: Internet and ADW Key to Growth

    Churchill Downs Inc. has invested $100 million in advance deposit wagering for a reason: The company believes it's the major growth channel for pari-mutuel wagering, as well as a means to drive traffic to the racetrack, CDI president and chief executive officer Bob Evans said.

  • Calder Paddock and Grandstand

    Progress Noted in Calder Contract Talks

    The Florida Horsemen's Benevolent and Protective Association said April 16 though advance deposit wagering remains a major issue, it believes there has been progress in other areas of contract talks for the Calder Race Course meet that begins April 21.

  • Calder Paddock and Grandstand

    No Deal Yet Between Calder, Horsemen

    Florida horsemen and officials at Calder Race Course and parent company Churchill Downs Inc. met April 14 but did not agree on contracts for the Calder meet that begins April 21.

  • HRTV, Comcast Reach Carriage Agreement

    HorseRacing TV has reached an agreement with Comcast Cable in the greater Chicago region for carriage of the 24-hour horseracing network beginning April 30, just in time for the Arlington Park meet.

  • Texas Fires First Shot Over ADW Revenue

    Account wagering companies that take bets on races from Lone Star Park must agree to a new formula that gives an equal share of pari-mutuel revenue to the racetrack, horsemen, and the wagering provider.

  • Pols Reluctant to Tackle Pricing

    The question of whether state legislators should become more involved in pari-mutuel pricing and distribution continues to be asked, and at this point, there doesn't appear to be an answer--at least a definitive one.

  • Legislators Eye Pari-Mutuel Model

    The current pari-mutuel structure has captured the attention of state legislators who will discuss the situation--and whether or not they need to get involved--during the National Council of Legislators from Gaming States winter meeting Jan. 4-6, 2008.

  • Wanted: A Better Pari-Mutuel Model

    The head of the National Horsemen?s Benevolent and Protective Association has suggested the horseracing industry create an entity to assist in the marketing and distribution of its product, in this case racing signals.

  • Role of TV in ADW to Be Examined

    The impact of television on account wagering will be watched closely during an experiment in California that began Nov. 7 with the opening of Golden Gate Fields and Hollywood Park.

  • California Approves License for TwinSpires.com

    As California continues to wrestle with improving advance deposit wagering, the state welcomed a new provider. TwinSpires.com was awarded an ADW license Oct. 18, making it the fourth company to offer home computer betting on horse racing in the state.

  • Youbet Served Search Warrant by Federal Agents

    A federal search warrant was served at the California headquarters of Youbet.com Oct. 4 as part of a federal investigation being conducted by the U.S. Attorney's Office in Las Vegas, the company has reported.

  • Youbet.com Subject of Virginia Licensing Lawsuit

    Colonial Downs and Virginia horsemen have filed a lawsuit claiming Youbet.com is operating illegally without a license in the commonwealth, and want the advance deposit wagering company to pay back hundreds of thousands of dollars in lost source-market fees.

  • Horsemen: Fix Account Wagering Mess Now

    Horsemen are calling for an end to the stalemate over account wagering; and even though providers say they want it to end as well, there doesn't appear to be a resolution in sight.

  • Agenda Set for Jockey Club Round Table

    Medication, equine health, and the impact advance deposit wagering has on the economics of racing will share the spotlight when The Jockey Club hosts its 55th annual Round Table Conference on Matters Pertaining to Racing Aug. 19 at the Gideon Putnam Resort and Spa in Saratoga Springs, N.Y.

  • TVG Parent Explores Options, Including Sale

    Gemstar-TV Guide, which owns TVG, the account wagering service and horse racing network and publishes TV Guide magazine, said July 9 it had hired investment bankers to explore strategic alternatives, including the sale of the company.

  • Officials: CDI Purchases Won't Impact Customers

    Churchill Downs Inc. has acquired certain assets of AmericaTAB, Bloodstock Research Information Services, and the Thoroughbred Sports Network, but officials with the Louisville, Ky.-based company said it will be business as usual at the outset.