Keyword: AmTote International

  • AmTote Hub Locked Up Twice Before Derby

    Some bettors across the country nearly got shut out of the May 1 Kentucky Derby when AmTote International's multi-jurisdictional wagering hub in Portland, Ore., locked up twice within 50 minutes of the Derby's post time.

  • Golden Gate Fields

    MID May Dispose of MEC Tracks by 2011

    The parent company of Magna Entertainment Corp. disclosed March 10 it does not intend to keep on a long-term basis the racing assets upon which it is bidding in MEC's Chapter 11 bankruptcy reorganization, including its "immediate" intention of redeveloping Golden Gate Fields into a commercial property if the bid is successful.

  • 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."

  • Tote Companies Discuss Delays in Getting Final Odds

    Delays in the length of time it takes to get final odds posted on a race in progress -- a vexing technological problem in the simulcasting age of racing -- can be improved, but aren't going away any time soon, a panel of tote company representatives told the International Simulcasting Conference on Sept. 30.