Exchange wagering rules in California have been approved by the state's Office of Administrative Law, though implementation of any agreement to conduct the non-traditional form of pari-mutuel wagering is quite a ways off.
Racing at Monmouth Park returns May 11 in Oceanport, N.J., with a 12-race program attracting a total of 117 entries.
Exchange wagering seems to be getting all the scrutiny it can handle from the California Horse Racing Board. Nearly two years after the concept was signed into law, the board decided to delay implementation June 28.
The Thoroughbred Owners of California June 1 tabled action on exchange wagering for one year and endorsed a deal proposed by The Stronach Group, leading to a strong response from Betfair TVG.
John Sadler, president of the California Thoroughbred Trainers, told the state horse racing board his group objects to exchange wagering and is not prepared to sign an agreement with the Del Mar for the upcoming meet.
A proposal by Frank Stronach to publicly offer shares in six racing companies, each with a 20-horse stable, can legally conduct business in California, a staff report for the state's horse racing board concludes.
Exchange wagering in California drew some strong opposition from The Stronach Group and several horsemen's organizations during its first California Horse Racing Board committee hearing Feb. 9 at Santa Anita.
Exchange wagering may move one step closer to reality after a California Horse Racing Board committee considers rules and enforcement issues surrounding the new betting system.
TVG has eliminated 20 positions, including some of those held by on-air racing analysts, in what was termed a "streamlining" move by the company owner, British-based Betfair.
Monmouth Park officials announced June 24 that the $750,000 United Nations Stakes (gr. IT), to be run on Saturday, July 3, will be sponsored by Betfair/TVG. The race will be named the Betfair/TVG United Nations.
Undefeated champion mare Zenyatta, who finished her career with a perfect 14-for-14 record by beating males with her dramatic late charge in the Breeders' Cup Classic (gr. I) at Santa Anita on Nov. 7, will be saluted by Hollywood Park and Betfair/TVG on Nov. 29.
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