NTRA president Alex Waldrop sees little chance of federal legislation to allow expanded Internet wagering any time soon but he does believe that states will continue to take the lead on the issue.
- By Frank Angst
Improved handle failed to translate to increased revenue at advance-deposit wagering company TVG Network during the three-month period ending Jan. 31.
Recent action by the Texas Racing Commission to enforce its ban on Internet and telephone wagering has resulted in a lawsuit filed by Churchill Downs Inc. and TwinSpires.com.
New York Congressman Chris Gibson announced Aug. 9 he has introduced legislation, H.R. 2702, the Wire Clarification Act of 2011, to ensure internet wagering on Thoroughbred horse racing remains legal.
Racetracks and OTB corporations in New York are circulating a draft agreement to permit live video streaming of races over the Internet -- a move supporters said could help pick up some business.
- By Tom LaMarra
Churchill Downs Inc., which announced Nov. 11 plans to purchase Youbet.com and its United Tote subsidiary for about $126.8 million, is on the lookout for other prospective purchases in the area of Internet wagering.
Sona Mobile Holdings and the New York Racing Association have reached an agreement where the gaming and entertainment software company will provide the racetrack group a mobile wagering application, it was announced Oct. 16.
State regulators have ordered the New York Racing Association to stop taking any Internet wagers from Connecticut residents, an embarrassing blow to NYRA on the first day of its new Internet wagering program.
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.
Computerized wagering will be the focus of this year's International Simulcast Conference, scheduled for Oct. 3-5 in New Orleans.
New Jersey racing officials expect account-wagering handle to top $35 million this year in its first full year of operation.
While Internet wagering on horseracing across state lines has been legalized in 17 states, the United States Congress still hasn't determined whether other forms of casino-style gaming should be prohibited. Until it does, gambling in cyberspace remains a complex public policy issue.
Account-wagering providers and others in the pari-mutuel industry are working behind the scenes to remedy a situation that has kept bettors with certain credit cards from making legal Internet wagers.
Magna Entertainment showed some improvement during the third quarter ending Sept. 30, historically the company's weakest period of the year. Revenue for the Ontario-based racing conglomerate increased 31.1% for the quarter and 24.9% for the first nine months of the year.
Top officials in Michigan said an investigation has revealed that pari-mutuel wagering companies have illegally accepted wagers from Michigan residents by telephone or through the Internet. The companies have been sent "warning letters," the officials said.
Most Popular Stories
- California Chrome Returning Early From Break
- Wise Dan Turns in First Breeze Since Surgery
- Multiple Group I Winner The Fugue Retired
- The Pizza Man Key Ingredient To Arlington
- Jockey Stevens to Undergo Knee Surgery
- The Influence of His Majesty
- Tattersalls July Sale Ends on High Note
- French Derby Duo Clash Again at Longchamp
- Belmont to Offer Low-Roller Player Tourney
- AHC: Bonus Depreciation Bill Passed by House