Keyword: advance deposit wagering

  • Aspects of ADW Hashed Out in Kentucky

    A Nov. 19 discussion of proposed regulations for advance deposit wagering in Kentucky drew calls for disclosure of revenue and concerns over the impact ADW is having on purses in the state.

  • 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.

  • KY Racing Aid Bill Called 'Life Preserver'

    Legislation authorizing Instant Racing, a tax on advance deposit wagering, and a reduction in the pari-mutuel excise tax sailed through the Kentucky Senate Committee on State and Local Government March 11.

  • CDI 'Well-Positioned' to Make Other Deals

    Churchill Downs Inc., which announced Nov. 11 plans to purchase Youbet.com and its United Tote subsidiary for about $126.8 million, is on the lookout for other prospective purchases in the area of Internet wagering.

  • Turfway Park

    Turfway Races Offered on All Major ADW Sites

    Turfway Park has reached agreements making its races available to all major advance deposit wagering platforms beginning with the 2009 fall meet and running through the end of the 2010 winter/spring meet, track president Robert N. Elliston announced Sept. 7.

  • Preakness Yields Bountiful Handle Increases

    Wagering was up on several segments of the Preakness day card, according to data released May 18 by Maryland Jockey Club officials, fueled in part by the showdown between Kentucky Derby Presented By Yum! Brands (gr. I) winner Mine That Bird and Kentucky Oaks (gr. I) victress Rachel Alexandra.

  • 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.

  • Tin Cup Needed for KY Racing Commission

    The multi-year quest for a stable funding source for the Kentucky Horse Racing Commission took another turn March 10 when legislation to increase the powers of the KHRC unanimously passed a Senate committee. Whether the bill is approved--and whether the commission gets a new funding source--could be determined on the Senate floor.

  • California Racing Gets Aid From State

    Legislation linked to the long-delayed approval of the California state budget Feb. 20 could mean up to an additional $32 million a year for the state's beleaguered horse racing industry.

  • Brothers Charged in IRG Investigation

    Two brothers have been charged by the U.S. District Court in Nevada in connection with a U.S. Attorney's Office investigation that included the former offshore rebate shop International Racing Group.

  • Industry Awaits Betfair Plans for TVG

    British-based Betfair Group, which announced Jan. 27 it had completed its acquisition of TV Games Network from Macrovision for $50 million in cash consideration, is hopeful its new holding helps it make inroads in the United States market, which it has courted for years.

  • Colorado Horse Groups Make Case for Bill

    Horsemen from all parts of Colorado rallied at the state capitol Jan. 20 to support efforts by the horse industry to pass legislation designed to revitalize the economics of the industry in Colorado through advance deposit wagering and Instant Racing.

  • TwinSpires to Show Handicapping Tourney

    TwinSpires.com, the official advance deposit wagering service for Churchill Downs Inc., will provide an inside look at the DRF/NTRA National Handicapping Championship from Red Rock Casino in Las Vegas by providing online video coverage of the event throughout the Jan. 23-24.

  • Churchill Downs

    Churchill, Horsemen Reach ADW Agreement

    Churchill Downs has announced it has come to terms with horsemen over advance deposit wagering splits for the 2009 spring meeting at the Louisville, Ky., racetrack. The meet begins April 25.

  • 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.

  • ADW Deals Reached on Calder, Gulfstream

    The Florida Horsemen's Benevolent and Protective Association said Dec. 22 it has reached agreements on advance deposit wagering contracts with Calder Race Course and Gulfstream Park.

  • River Downs

    Deal Averts 'Immediate Disaster' in Ohio

    Racetrack management and horsemen in Ohio struck an agreement Dec. 16 that will reinstate more than 160 Thoroughbred racing dates at Beulah Park and River Downs in 2009, and save more than 1,000 horses at Beulah Park from being forced out of the track's stable area by Dec. 27.

  • CHRB OKs One-Year ADW License Renewals

    With little discussion, the California Horse Racing Board unanimously approved license renewals for four advance deposit wagering companies doing business in the state for a one-year period.

  • Crunch Time for Horsemen, Horses in Ohio

    With a little more than two weeks remaining before the scheduled shutdown of the barn area at Beulah Park, management and horsemen still have no deal to continue live racing in January. But developments on a national level could quickly turn things around.

  • River Downs

    160-Plus Race Dates Lost in Ohio Carnage

    Winter racing at Beulah Park was plowed under and the spring/summer meet at River Downs went up in flames Nov. 21 when the Ohio State Racing Commission awarded 2009 dates that represent a loss of more than 160 days of Thoroughbred racing at the two tracks.

  • 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."