Keyword: ADW

  • Kevin Flanery

    Kentucky Tables Action on ADW Regulation

    Advanced Deposit Wagering regulations that would be among the stiffest in the country were tabled during the Kentucky Horse Racing Commission's meeting Dec. 13 after objections were raised by the president of Churchill Downs.

  • 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.

  • TrackNet, East Coast Tracks Still in Dispute

    One of the country's top advanced deposit wagering providers and a group representing 17 MidAtlantic racetracks remain at odds over terms of a new contract, leading to disruption of simulcast wagering at the tracks.

  • 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.

  • Churchill Downs

    TVG Gets Churchill, other TrackNet Signals

    Customers of TVG will be able to wager on the Churchill Downs spring meet beginning May 1, it was announced in the early evening of April 30. The limited-term deal also includes wagering on the 2009 Arlington Park meet and Calder Race Course meet through Oct. 31.

  • Calder Race Course

    Calder, Horsemen Reach Purse Agreement

    Calder Race Course announced April 16 that it has signed a 2009 purse contract agreement with the Florida Horsemen's Benevolent and Protective Association. The Miami Gardens, Fla., track and its parent, Churchill Downs Inc., reached the agreement with the Florida HBPA on the evening of April 15.

  • 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.

  • NYRA, TVG Have No Agreement

    In a short statement issued Jan. 1, New York Racing Association chief Charlie Hayward said an agreement had not been reached to send the organization's racing signal to TVG.

  • 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.

  • Youbet to Take Bets on Gulfstream Meet

    Youbet.com has reached an agreement to take bets on Gulfstream Park for that track's meet which begins on Jan. 3, Sam Gordon, president of the Florida Horsemen's Benevolent and Protective Association, said Dec. 30.