Keyword: amtote

  • PariMAX Reports Historical Racing Milestone

    AmTote's historical horse racing brand PariMAX, has surpassed the $4 billion-dollar mark in total dollars of handle wagered since the introduction of historical horse racing in January of 2000.  

  • <br><a target="blank" href="http://photos.bloodhorse.com/BreedersCup/2013-Breeders-Cup/Juvenile-Fillies/33149847_tj7RjQ#!i=2878056049&k=rnjXDQJ">Order This Photo</a>

    CHRB Considers Disqualification Changes

    While disputes over contested racing dates in Northern and Southern California were again pushed back as expected, the California Horse Racing Board took a step toward modifying its disqualification standards July 17.

  • Kentucky Downs

    Kentucky Downs, Encore Seek Suit Dismissal

    Attorneys for Kentucky Downs, some of its principals, and Encore Gaming have filed a motion seeking dismissal of a lawsuit filed by the AmTote totalizator company, stating that the claims are unfounded and undocumented.

  • AmTote Files Suit Against KY Downs, Others

    The AmTote totalizator company has filed a federal lawsuit that claims Kentucky Downs, its principals, and a company that is now providing tote services to the track misappropriated trade secrets and breached a contract.

  • NYRA Contract with AmTote Approved

    A New York regulatory panel has approved a new 10-year tote contract between the New York Racing Association and AmTote International. NYRA had been aligned with Churchill Downs Inc.'s United Tote.

  • New York Will Review Tote Service Deal

    New York state, in the first full day controlling the New York Racing Association, said it will review a tentative deal track officials previously made to replace United Tote as NYRA's totalizator contractor.

  • Frank Stronach

    Stronach Replaces Mills as MID CEO

    Prominent Thoroughbred breeder-owner Frank Stronach has taken over as chief executive officer of MI Developments, the racetrack operating company of which he is already chairman.

  • Calif. Committee OKs Wagering Oversight Bill

    A bill requiring independent oversight of all pari-mutuel horse race wagering in California was unanimously approved by the state senate's committee on governmental organization April 28.

  • Charles Named COO of MEC

    Santa Anita Park president and chief executive officer Ron Charles has taken on additional duties with the parent company of the racetrack after accepting an appointment as chief operating officer of Magna Entertainment Corp., it was announced Jan. 7.

  • Tote Company Leaders Discuss Current and Future Issues

    With executives from the three largest North American tote companies sitting before them, some attendees in a panel discussion at the 33rd Racing & Gaming Symposium Dec. 6 wondered why the trio of bet-processors couldn't work together better for the convenience of the consumer.

  • MEC Buys Am Tote

    Magna Entertainment Corp. completed a $17.4 million acquisition of AmTote International on Thursday, adding a major provider of totalizator services to its portfolio of horse racing entities.

  • Ted Mudge Named President of BrisBet.com

    Ted Mudge, formerly the co-owner and president of AmTote International Inc., has been named president of the account wagering service BrisBet.com.

  • Magna Exercises AmTote Purchase Options

    Magna Entertainment Corp. announced July 26 that it has exercised its first purchase option to acquire an additional 30% equity interest in AmTote International, Inc. and has sent written notice of its intention to exercise its second purchase option to acquire the remaining 40% equity interest in the wagering technology company.

  • DeFrancis Named CEO of New Magna Company

    Magna Entertainment announced Monday that Joe DeFrancis, chief executive officer of the Maryland Jockey Club, has been appointed CEO of PariMax, a new company to oversee the development of Magna's "various electronic distribution platforms."

  • Riding Weight Bill Amended in California

    After meeting with state racing industry executives, the national Jockeys' Guild has amended California legislation originally designed to establish heavier minimum riding weights in favor of setting parameters for a national peer review study of jockey health issues.

  • Magna Broadens Its Base With Piece of AmTote

    Less than a week after the National Thoroughbred Racing Association released a report that recommended upgrades in wagering technology and a streamlining of tote systems in the United States, Magna Entertainment Corp. acquired a 30% equity and voting interest in AmTote International for $3.82 million.

  • Arlington Completes Wagering Probe of June 28 Race

    Arlington Park completed its investigation of a suspicious odds drop on the winner of the second race June 28, Rainy Day Rules, announcing Friday there was no proof of any past-post wagering.

  • Youbet Settles Wood Trifecta Dispute

    Youbet.com will award "promotional credits" to settle a dispute with players who had winning trifecta bets from the April 12 Wood Memorial deducted from their accounts due to a tote system snafu.

  • Sportsman's Park Turns Back Challenge to ITW Licenses

    The Illinois Racing Board Monday turned back an effort by Maywood Park Trotting Association and Balmoral Racing Club to strip the National Jockey Club of its intertrack wagering licenses in Peru, Joliet, and Crestwood.

  • IRB Bans Bets Involving More Than Three Races

    The Illinois Racing Board, without prior notice and over the angry objections of some track operators, on Nov. 12 slapped an immediate ban on wagers involving more than three races. It also put off licensing two tote companies for next year.

  • Automated Teller Machine Fraud Probed

    Automated pari-mutuel tellers that accept bills have disappeared from several racetracks over the past few weeks because of fraud. In July, racetracks and tote companies discovered they were being ripped off by patrons who were “stringing” the automated betting machines.