Ed Comins, the president of advance-deposit wagering company and racetrack operator Watch and Wager, expressed concern over his company's standing in California Jan. 26 during a California Horse Racing Board session at Santa Anita Park.
A crucial issue regarding how pari-mutuel takeout is distributed for racing in California was discussed, at times contentiously, during a California Horse Racing Board Pari-Mutuel and Wagering Committee meeting Dec. 14 at Los Alamitos Race Course.
TOC president Nick Coukos believes surface changes should be made before multi-race wagers are initiated.
Charlie Hayward said putting limits on out-of-state ADWs will hurt New York racing.
As it prepares to open its race meet April 25, Calder Casino & Race Course as of April 22 did not have a contract for Advance Deposit Wagering with the Florida Horsemen's Benevolent and Protective Association.
- By Tom LaMarra
Movement to fix racing's flawed revenue model hits the wall. Read More
- By Ryan Conley
Led by strong performances from Twinspires.com and Youbet.com, collective handle for the four largest domestic advance deposit wagering platforms increased by roughly 15% in the first quarter of the year, while their overall share of the national betting pie grew by more than 2%.
An agreement has been reached to allow wagering on Maryland Jockey Club racing by three leading advance deposit wagering companies, ending a standoff with horsemen that threatened to shut off related signals.
A federal judge presiding over the antitrust lawsuit filed by Churchill Downs Inc. against horsemen's groups basically said Feb. 19 he has his work cut out for him in trying to resolve the complex issues involved in the case.
- By Jim Freer
Handle at Calder Race Course's recently-concluded Calder meet fell 20% compared with 2007, according to the Florida Division of Pari-Mutuel Wagering.
Churchill Downs announced May 9 a 20% purse cut for its spring meet effective May 14, laying the blame on horsemen's groups for rejecting offers on signal distribution.
Perhaps feeling the effects of an ongoing dispute with horsemen over signal distribution, handle on the May 2 Kentucky Oaks (gr. I) program was down about 7%, according to numbers released by the track.
It's difficult to gauge the immediate effect of the ongoing dispute with Kentucky horsemen on the Churchill Downs' spring meet, as handle on racing from the opening weekend at the Louisville track was down only slightly from 2007, according to one data source.
Seven new organizations representing owners and trainers in states including Kentucky, Florida, and Maryland have joined the Thoroughbred Horsemen's Group, with a mutual goal of reforming the industry's wagering revenue distribution system in order to sustain live racing in North America.
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