According to a Thoroughbred Racing Associations study, money from added-gaming sources now accounts for more than one-third of the purse money awarded in U.S. Thoroughbred racing.
Racing executives indicated Oct. 9 there is little chance of the Thoroughbred racing industry developing a comprehensive analysis of lower pari-mutuel takeout rates.
The Thoroughbred Racing Protective Bureau has secured widespread support for its new Tote Security System it will launch next month with plans for full implementation early next year.
Upgrading the on-site customer experience, be it for live horse racing or full-card simulcasts, is critical to the growth of the business, panelists said Oct. 7 on the first day of the International Simulcast Conference.
The Thoroughbred Racing Associations board of directors elected Scott Wells, president of Remington Park in Oklahoma City, the organization's 36th president at its March 5 meeting in Tampa, Fla.
The Thoroughbred Racing Protective Bureau plans to roll out what it calls the "Tote Security System" in the fall of 2013, officials said Oct. 2.
Members of Congress April 30 heard of problems in the Thoroughbred racing industry--most of them related to equine medication--but stopped short of a full endorsement of federal intervention.
The racetrack association supports a realistic and practical approach to a proposal to ban all race-day medication in racehorses within five years.
The Thoroughbred Racing Protective Bureau in the next one to two years plans to launch a tote security system designed to close pools on time, eliminate shifts in odds, and display decimal rather than fractional odds.
- By Tom LaMarra
Revenue from alternative forms of gaming now accounts for almost one-third of total Thoroughbred purses in United States, but despite a decrease in handle, the percentage of handle that goes to purses has remained steady.
Thoroughbred Racing Associations executive vice president Chris Scherf addresses wagering security issues at conference.
- By Ron Mitchell
A report showing that for the second consecutive year wagering on Thoroughbred racing in the U.S. sustained a major hit is a sign that the industry is impacted by the recession and needs to find ways to generate more money.
- By Tom LaMarra
The Thoroughbred Racing Protective Bureau publicly acknowledged Dec. 17 its work on a "tote-enhancing initiative designed to address fan concerns with pari-mutuel wagering and improve efficiency and security in the future."
Advanced Monitoring Systems, selected by the New York State Racing and Wagering Board to provide independent wagering oversight, announced Oct. 19 it has deals in place with the three tote companies that service New York betting outlets.
- By Tom LaMarra
Officials assembled for the International Simulcast Conference said Oct. 12 public perception, not integrity, is the primary problem for the industry's wagering systems.
Current day scratches and program changes from racetracks throughout North America are now available throughout the day in a dedicated section of equibase.com, it was announced today by Equibase Company President and COO Hank Zeitlin.
- By Dan Liebman
Past-posting and late odds changes are major issues in racing, but more of perception than reality, Thoroughbred Racing Associations' executive vice president Chris Scherf said the morning of Aug. 22 in Saratoga Springs, N.Y.
A United Tote official said June 8 the company is working with Hollywood Casino at Penn National Race Course on tote communications failures that have led the track to stop taking wagers when the first horse is loaded into the starting gate for each race.
Horse racing's problems, what its future could be, and a call to positive action figured prominently at the recent International Simulcast Conference in Florida.
The National Thoroughbred Racing Association will unveil its Safety and Integrity Initiative Oct. 15 and fully expects broad industry cooperation given progress made thus far, officials said Oct. 1.
Support for reform of the revenue model for advance deposit wagering continues to increase, but as evidenced Sept. 30 during the International Simulcast Conference, it's looking more and more like a long-term project.
Wagering has dropped 11% on North American Thoroughbred racing since the end of the Triple Crown series -- at least by one indicator -- a disturbing trend that can likely be attributed to a variety of factors.
The Thoroughbred Horsemen's Group is calling for a meeting with the Thoroughbred Racing Associations to discuss advance deposit wagering revenue given ongoing conflict between horsemen, racetracks, and ADW providers over equitable revenue splits.
The TRA and KEEP have weighed in on the announced closure of Ellis Park in western Kentucky. They blame lack of a long-term, industry strategy on advance deposit wagering, and inability to compete with other states, respectively.
Robert L. Bork, president and general manager of Sam Houston Race Park, was elected the 33rd president of the Thoroughbred Racing Associations (TRA) at its annual board of directors' meeting March 12. Bork succeeded Corey S. Johnsen, former president of Lone Star Park at the conclusion of his two-year term as TRA president.
RCI Integrity Services, the not-for-profit subsidiary of Racing Commissioners International, announced Aug. 16 that it has formed an alliance with the largest independent testing lab for gambling systems--Gaming Laboratories International--to provide independent security testing for pari-mutuel wagering systems hosting or wagering into domestic American pools.
The Thoroughbred Racing Associations is the latest organization to step up efforts regarding wagering security.
The Board of Directors of the Racing Medication and Testing Consortium (RMTC) commissioned Dr. Rick Sams of Ohio State to develop an action plan, timeline, and research priorities to establish guidelines for withdrawal times for therapeutic medications commonly used by racetrack veterinarians.
Originally scheduled to take place in New Orleans, the International Simulcasting Conference kicked off Monday afternoon in San Diego with discussions focusing on the future trends in gambling and the growing presence of Internet wagering.
The Thoroughbred Racing Associations, co-sponsor of the International Simulcast Conference, has secured the Hilton La Jolla Torrey Pines in California as the new location for its 13th annual conference on simulcasting. The devastating effects of Hurricane Katrina to New Orleans, the conference‚s original site, forced the relocation.
- By Ray Paulick
By Ray Paulick - The execution of Magna's vision has been difficult given its isolationist philosophy.
- By Ray Paulick
By Ray Paulick - The Nov. 7 dispute between a group of riders and the management of Churchill Downs was not the first and surely will not be the last time jockeys have taken action to express displeasure with their plight.
One day after the first public presentation of the National Thoroughbred Racing Association Wagering System Task Force report, two issues central to the report--wagering systems and signal pricing--were discussed in depth Sept. 21 on day two of the International Simulcast Conference in Miami Beach, Fla.
There's more than meets the eye as the pari-mutuel industry examines the relationship between handle and purses, and the National Thoroughbred Racing Association is working behind the scenes to investigate the legal ramifications.
The first joint meeting of the boards of the Thoroughbred Racing Associations and Harness Tracks of America was considered a success, but whether the two organizations continue to meet jointly on a regular basis remains to be seen.
The Thoroughbred Racing Associations and Harness Tracks of America will hold a joint annual meeting next year, but the organizations' boards will continue to meet separately.
The $86-billion overseas betting industry is called a potential growth market for United States racetracks that could end up developing the system, officials said during the International Simulcast Conference.
The Thoroughbred Racing Associations and Harness Tracks of America, two trade associations already linked through the Thoroughbred Racing Protective Bureau, are pursuing a "structured relationship" that would allow them to share information and work on joint projects. The relationship -- not a merger, officials said -- has been discussed at recent TRA and HTA conventions.
Members of the Jockeys' Guild will not be having a very funny April Fool's Day. On April 1, the family health insurance policy covering 800 Guild members will expire. Because of skyrocketing premiums, Jockeys' Guild national manager John Giovanni said there is not enough money in the association's budget to continue making the premium payment
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