Keyword: advance deposit wagering

  • 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.

  • Beulah, Horsemen Have Temporary Deal

    Beulah Park and the Ohio Horsemen's Benevolent and Protective Association have "agreed to disagree" on contractual issues, but a temporary agreement has allowed the track to restore previous purse levels and export its signal.

  • 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.

  • Hollywood Park

    Hollywood, Horsemen Reach Tentative Pact

    California horsemen and Hollywood Park reached a tentative agreement Oct. 10 that allows the track to operate its 40-day autumn race meet, but a stalemate over host fees to be paid by account wagering companies for interstate bets remains unresolved.

  • 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.

  • Siegel Donates $100,000 to Assist THG

    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.

  • 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.

  • Calder Race Course has won the right to install slot machines.

    Calder Cuts Purses; Eliminates Stakes

    Calder Race Course has announced another major cut in purses and the cancellation of eight $100,000 stakes races. The track, in a release, said it was trimming overnight purses by 17% effective Sept. 18.

  • The 2008 Breeders' Cup logo

    No Early Issue with Breeders' Cup Signal

    Early handicapping on signal distribution of the Breeders' Cup World Championships shows the prestigious event will be available to a wide variety of outlets and bettors, at first glance calming fears of any "signal wars" fallout evident in other revenue-sharing disputes involving advance deposit wagering.

  • Deal Would Ensure OH Thoroughbred Dates

    Officials with two Ohio racetracks indicated they hope to offer Thoroughbred meets in 2009 and could be close to a deal with local horsemen on revenue from advance deposit wagering.

  • MEC Working With THG on Pricing Model

    Magna Entertainment Corp., in a statement issued the evening of Aug. 28, acknowledged it is having discussions with the Thoroughbred Horsemen's Group on what company chairman Frank Stronach called "a new framework" for pari-mutuel economics.

  • No Thoroughbred Dates at 2 Ohio Tracks?

    Beulah Park and River Downs, two Ohio Thoroughbred tracks that race more than 200 dates combined, have requested only Quarter Horse dates for 2009, a track official said Aug. 18.

  • 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.

  • Topics: THG and Future of Racing on TV

    The Thoroughbred Horsemen's Group, which advocates a new economic model for pari-mutuel wagering and has been engaged in high-profile battles in the racing industry, isn't going away anytime soon, its president said July 18.

  • 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.

  • Calder Race Course

    Calder Exporting Signal, Taking Others

    Calder Race Course resumed sending its signal to racetracks outside Florida July 10, and started receiving its full regular menu of simulcast signals from other tracks.

  • River Downs

    Racetracks Fire Back in ADW Conflict

    At least two racetrack operators aren't pleased with recent developments concerning advance deposit wagering revenue, and one indicated closure of his track isn't out of the question should the conflict continue.

  • 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.

  • CDI Announces Deal With Calder Horsemen

    Churchill Downs Inc. announced July 7 that it has signed contracts with the Florida Horsemen's Benevolent and Protective Association on 2008 purses and on potential future slot machine revenue at CDI-owned Calder Race Course.

  • 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.

  • 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.

  • State Lawmakers Urged to Take ADW Action

    As the popularity of advance deposit wagering increases, states need to take action to protect their horseracing industry, the president of the Thoroughbred Owners of California told a group of legislators meeting June 13 in Northern California.

  • 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.

  • 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.

  • CDI president Robert L. Evans

    CDI: 2007 Challenges, 2008 Opportunities

    Churchill Downs Inc. is asking for patience in seeing financial rewards from what it termed an $80 million investment into the advance deposit wagering industry in 2007, and promises to act on opportunities for the company's progress in 2008.

  • 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.

  • 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.