Las Vegas-based bookmaker CG Technology has tentatively agreed to pay the Nevada Gaming Control Board $5.5 million in what would be the state's largest settlement involving a gambling company.
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.
Churchill's experience in operating an ADW and working with state regulators could prove useful as it attempts to expand its Internet gambling operations.
- By Frank Angst
Nevada Gov. Brian Sandoval signed legislation Feb. 21 that makes Nevada the first state to allow intrastate Internet poker. The legislation allows the state to form compacts with other states that allow internet poker.
Michael Beychok of Baton Rouge, La., topped a record field of 480 to win the $1 million first-place prize as "Handicapper of the Year" at the 13th Daily Racing Form/NTRA National Handicapping Championship.
Thoroughbred Owners of California board chairman Mike Pegram has filed suit against California Thoroughbred owner Jerry Jamgotchian, alleging defamation and false light.
Racetrack gaming has poured money into the pari-mutuel industry but shouldn't be viewed as a savior, panelists said Oct. 4 during the 2011 Global Gaming Exposition in Las Vegas.
Defending champion Brian Troop heads a record field of 305 horseplayers who will gather at Red Rock Casino, Resort and Spa in Las Vegas Jan. 28-29 to vie for the title of "Handicapper of the Year."
Pinnacle Entertainment Inc. reported a reduced net income loss for the third quarter and said it's looking to expand into new markets while adhering to "disciplined capital-spend and return metrics."
The Racing Medication and Testing Consortium board of directors Feb. 6 received an update on an anabolic steroids study, results of which will be used to set thresholds for testing in plasma.
Arlington Park president Roy Arnold was elected the 34th president of the Thoroughbred Racing Associations at its annual board of directors' meeting Feb. 5 in Las Vegas, Nev.
The Thoroughbred Racing Associations board of directors has adopted a protocol that establishes industry-wide procedures for tracks to follow in case betting fails to close promptly at the start of a race -- something commonly referred to as "past-posting."
Some Nevada casino racebooks are booking wagers on races from tracks affiliated with TrackNet Media Group after the content company recently cut off signals to the state over a contract dispute.
Despite comments from TrackNet Media Group that negotiations are "going backwards" over issues involving racing signals to Nevada racebooks, the player on the other side of the table offered guarded hope matters can be resolved before a Jan. 25 cut-off deadline.
TwinSpires.com, the official advance deposit wagering service for Churchill Downs Inc., will provide an inside look at the DRF/NTRA National Handicapping Championship from Red Rock Casino in Las Vegas by providing online video coverage of the event throughout the Jan. 23-24.
TrackNet Media Group has granted an extension of its racing signals to Nevada casinos following a meeting held Jan. 7.
TrackNet Media Group is poised to cut off its signals to more than 80 Nevada casinos Jan. 7 unless a new agreement is met for what the content company feels are more equitable fees.
Youbet.com said Nov. 19 it has settled several disputes with the former owners of defunct off-shore wagering entity International Racing Group, a deal which features both cash and stocks changing hands, and mentions that a federal investigation into IRG may still be active.
After a three-year hiatus, the National Thoroughbred Racing Association's Marketing Summit was brought to the forefront of a growing list of necessary steps toward creating a better industry. The three day conference, held Sept. 21-23 at the Red Rock Casino, Resort & Spa in Las Vegas, covered a variety of topics, from reaching new generations of fans, to discussing updates on several NTRA programs and initiatives.
The $1-million Daily Racing Form/NTRA National Handicapping Championship will return to the Red Rock Casino, Resort and Spa in Las Vegas next year, the National Thoroughbred Racing Association said.
Horseplayers in the United States will be able to wager directly into Hong Kong Jockey Club pools under a plan approved by the Nevada Gaming Commission.
- By Ryan Conley
MTR Gaming Group realized a 40% increase in net revenues for the second quarter, according to financials released Aug. 9, but recorded a net loss of $502,000 as the company battled slots competition from neighboring Pennsylvania.
The Jockeys' Guild has outlined a five-point plan for 2007 that primarily focuses on financial matters, but it also has made a strong call for solidarity among the membership and heightened political action in individual states and Washington, D.C.
Jockeys' Guild officials suggested the inability of the industry to thus far sufficiently support the Permanently Disabled Jockeys Fund could turn into a public relations nightmare for horse racing.
HorseRacing TV has entered into a comprehensive agreement with Coast Hotels and Casinos for exclusive broadcast coverage and promotion of the Horse Player World Series from the Orleans Hotel and Casino in Las Vegas Jan. 19-21.
Magna Entertainment Corp. expects to have partners lined up for some of its pending racetrack gaming operations before the end of this year, and hopes to have a presence in Nevada, where account wagering could be offered in the future.
A few racetracks have adopted recommendations made last year by the National Thoroughbred Racing Association Players' Panel, but NTRA officials and panel members said Sept. 28 the response generally has been sparse if not disappointing.
Horse racing might be better served by shifting its focus from advertising to public relations to better develop a product consumers will want, a marketing strategy specialist said during the National Thoroughbred Racing Association Annual Meeting and Marketing Summit in Las Vegas.
Horse racing continues to gain ground in popularity and measures up very well compared with other major league sports, according to the latest information from the ESPN Sports Poll.
The National Thoroughbred Racing Association and Breeders' Cup are well under way in mapping out a long-range strategy that apparently will bring changes in programs and goals as they seek a larger share of the entertainment, sports, and gambling marketplaces.
Laura Ries, president of Ries & Ries, an Atlanta-based marketing strategy firm, will be the keynote speaker at the National Thoroughbred Racing Association Annual Meeting and Marketing Summit Sept. 26-28 at The Mirage casino in Las Vegas.
The 2005 Daily Racing Form/NTRA National Handicapping Championship will return to Bally's Las Vegas with more prize money and a follow-up television special on ESPN.
California trainer Frank Monteleone and assistant trainer Linda Mikus have been found liable for compensatory and punitive damages plus interest totaling $635,000 as the result of a civil suit brought against them by two horse owners who were clients of Monteleone's.
A top casino official from Las Vegas believes pari-mutuel wagering has its place in casinos, but he believes that position could be jeopardized if the rates charged for signals make simulcasts cost-prohibitive.
The NTRA Players Panel is fashioning position papers on several issues that impact horse racing and wagering, including the integrity of pools, rebating, pari-mutuel takeout, withholding taxes, and customer service.
The National Thoroughbred Racing Association is expected to soon announce the hiring of Mike Schafer, a marketing executive with Procter & Gamble, as special assistant to the commissioner.
The National Thoroughbred Racing Association has made tangible progress over the past year, but the goal of becoming a national office for a major league sport is still dangling like a carrot, commissioner Tim Smith said Sept. 22 during the organization's Annual Meeting and Marketing Summit.
The National Horsemen's Benevolent and Protective Association continues to study the problems of offshore wagering and signal piracy and leakage, and hopes to have a plan in place by the time it meets for its winter convention in late January.
The producer, director, and screenwriter of the movie Seabiscuit believes horse racing is ripe for growth -- if it focuses on the characters in the game rather than the gambling aspects of it.
Broad gaming and pari-mutuel legislation that passed the Nevada Senate and Assembly allows for an expansion of account wagering in the state.
Nevada Gov. Kenny Guinn has signed legislation that legalizes Internet gambling, though the first Internet casinos probably won't be licensed for a year and a half.
Legislation to legalize Internet gambling passed the Nevada Senate on a 17-4 vote Monday and was sent to Gov. Kenny Guinn. The Associated Press reported that Internet gaming could be worth $6 billion to the state's casino industry by 2003.
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