Passage of the Illegal Internet Gambling Enforcement Act may contain protection for pari-mutuel horse racing, but it also could create some obstacles in the future, officials said Oct. 16 during the opening session of the International Simulcast Conference in Philadelphia.
The topic of Internet gambling, both the federal prohibition and its still possibly disruptive effects on pari-mutuel business will open the 14th annual International Simulcast Conference in Philadelphia Oct. 16-18.
The National Thoroughbred Racing Association and Breeders' Cup Limited have selected EarthLink to be an official sponsor of the Breeders' Cup World Championships and the event's exclusive Internet service provider partner.
NetJets, the National Thoroughbred Racing Association, and Breeders' Cup Limited announced Aug. 3 that NetJets has renewed its marketing partnership with the NTRA/Breeders' Cup through 2007. NetJets has been a sponsor of the NTRA and Breeders' Cup since 2002.
The National Thoroughbred Racing Association and Breeders' Cup have struck a new joint operating agreement through at least 2008, ending speculation the two organizations could go their separate ways. In addition, they will have separate chief executive officers.
The National Thoroughbred Racing Association and Breeders' Cup announced a 40% reduction in personnel and resulting administration costs as part of what they call a restructuring of their joint operating arrangement.
Gregory C. Avioli was appointed interim chief executive officer of the National Thoroughbred Racing Association and Breeders' Cup Limited June 8 during a joint meeting of the two boards in Garden City, N.Y.
D.G. Van Clief Jr., president of Breeders' Cup since 1996 and commissioner of the National Thoroughbred Racing Association since late summer of 2004, will retire from both positions by the end of this year.
The National Thoroughbred Racing Association has formed a subcommittee to meet with representatives of the Association of Racing Commissioners International to examine a joint effort in forming a national Office of Wagering Integrity.
Just two days before the National Thoroughbred Racing Association board of directors meets to perhaps finalize plans for a national Office of Wagering Integrity, the National HBPA gave its support for a wagering security program offered by the Association of Racing Commissioners International and urged racetracks and other wagering services to do the same.
There are many scenarios for how the United States government will respond to the World Trade Organization's April ruling in which U.S. laws on remote gambling were considered in violation of WTO commitments based on a dispute between the U.S. and Antigua over cross-boarder betting.
The National Thoroughbred Racing Association's ongoing efforts in Washington, D.C. have become the major carrot as the organization seeks to sign up horsemen's associations for five-year memberships effective in 2006.
A United States Supreme Court ruling that overturned Michigan and New York laws that keep wine produced out of state from being shipped to in-state customers could have implications for account wagering, a National Thoroughbred Racing Association official said.
The Thoroughbred industry is lining up legal assistance in its effort to understand the ramifications of a World Trade Organization Appellate Body ruling that calls into question the fairness of the Interstate Horseracing Act of 1978.
The Thoroughbred industry, bolstered by the efforts of its political action committee, has a decent chance to get key legislation passed in Washington, D.C., officials with the National Thoroughbred Racing Association said.
National Thoroughbred Racing Association (NTRA) Commissioner D.G.Van Clief Jr. will address the Kentucky Thoroughbred Farm Managers' Club's (KTFMC) monthly meeting May 3 at the Crowne Plaza in Lexington. In addition to an update from Van Clief on the NTRA, Greg Avioli will discuss racing industry legislation.
The National Thoroughbred Racing Association has altered the roles of several staff members to reflect priorities for 2005 as well as its long-term strategy, commissioner D.G. Van Clief Jr. said in a Dec. 20 release. The changes take effect Jan. 1.
D. G. Van Clief Jr., commissioner of the National Thoroughbred Association, said the NTRA will move forward with three goals: to make racing a Top 10 sport in America, grow handle to specific target levels, and to act as a convening authority.
The Foreign Sales Corporation bill, which includes a provision to strike the 30% withholding tax charged to foreigners for winnings on United States races, was signed into law Oct. 22 by President Bush.
A mixed reaction greeted the first public presentation of the National Thoroughbred Racing Association Wagering System Task Force report Sept. 20, first day of the International Simulcast Conference in Miami Beach, Fla.
National Thoroughbred Racing Association commissioner Tim Smith tendered his resignation as expected July 27, but there was no announcement that Smith had taken a job as president and chief executive officer of the New York Racing Association.
Tim Smith, the first and only full-time commissioner of the National Thoroughbred Racing Association, may resign effective Sept. 1 and could be headed to the New York Racing Association to serve as president and chief executive officer.
The United States House of Representatives June 17 passed the American Jobs Creation Act of 2004, another step toward possible repeal of the 30% withholding tax on pari-mutuel winnings by foreign bettors on U.S. races.
A major corporate tax bill under consideration in the United States Senate includes a few provisions for the pari-mutuel industry, including elimination of the 30% withholding tax on bets made by foreigners.
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.
Sharon O'Bryan was expected to take over as director of the National Office of Wagering Security in April, but has notified the National Thoroughbred Racing Association she's not coming to work for the organization after all.
The National Thoroughbred Racing Association's Wagering Systems Task Force has enlisted a panel of business experts, including former New York City Mayor Rudy Giuliani, to find out what caused purses to drop in 2003 even though national handle increased.
European horse buyers will have to begin paying a 5% excise tax on horses they purchase and bring home from the United States as a result of sanctions imposed against the U.S. on Monday by the European Union.
Speakers on the opening day of the International Simulcast Conference near San Francisco Sept. 29 had a powerful warning for host tracks: Know who you are doing business with or risk more wagering scandals.
Congress passed a $350-billion tax cut measure on May 23, but the bill did not include a clause eliminating an existing 30% withholding tax on winning pari-mutuel wagers placed by foreigners through U.S. betting pools.
A major hurdle blocking the potential growth of international simulcasting was cleared on Thursday night when the U.S. Senate Finance Committee approved by a 12-9 vote a major tax-cut bill that includes a provision eliminating a burdensome 30% withholding tax on winning pari-mutuel wagers placed by foreigners through U.S. pools.
Impending legislation to install video lottery terminals (VLTs) at pari-mutuel facilities in Texas drew a packed house at the Texas Thoroughbred Association's annual conference on Jan. 18. The conference, which culminated in their annual awards dinner, took place at the Hilton Austin Airport hotel in Austin.
The Thoroughbred industry today is still paying for a bad decision made more than 40 years ago. Not only did its popularity plummet as a result of being off television during that medium's original boom time, but more recently the struggle to get possession of the sport's archives and control and coordinate its television presence has cost the industry millions of dollars.
The "Combating Illegal Gambling Reform and Modernization Act" failed to come up for discussion by the House Judiciary Committee June 6 because the committee failed to meet. The measure, sponsored by Virginia Rep. Bob Goodlatte of Virginia, could be on the table for "mark up" again the week of June 10.
National Thoroughbred Racing Association officials met with President Bush's legislative team and key members of Congress the week of April 8 in an effort to promote legislation to eliminate the 30% withholding on foreign wagers into United States pari-mutuel pools.
The congressional caucus for the horse racing industry was scheduled to hold its first meeting of the year March 6 in Washington, D.C. Among the issues on the table is the 2001 Farm Bill, which was in conference committee as of March 4.
The National Thoroughbred Racing Association is expected this week to fully acquire EquiSource, a corporation that managed group purchasing for the association. Once the deal is closed, a new organization called NTRA Purchasing will be formed.