Magna Entertainment Corp. chairman Frank Stronach indicated his company hopes to be involved in New York racing on some level, and that it also is working with Churchill Downs Inc. on projects that will benefit the two companies and the industry at large.
Charlson Broadcast Technologies and affiliated groups have announced the opening South American off-track betting parlors and agencies that will commingle wagers in the United States and return percentages of revenue to the racing industry.
A two-hour discussion on account wagering and secondary pari-mutuel operations July 14 again revealed horsemen have knowledge of situations that suck revenue from purse accounts, but no definitive national strategy to recoup the money.
The United States House of Representatives passed the Internet Gambling Prohibition and Enforcement Act July 11 by a vote of 317-93, but defeated an amendment that would extended the proposed ban on Internet gambling to horse racing and state lotteries by apparently superseding existing federal law.
The International Horsemen's Wagering Assurance Group, which intends to recapture pari-mutuel revenue and funnel it to horsemen, jockeys, and racetracks, announced it has officially opened a secondary pari-mutuel operation with a hub in Las Vegas and call center in Curacao.
Legislators from around the country were urged June 2 to study existing regulations in the United States and around the world before they alter their policy statement on Internet gambling.
Legislators and industry officials will meet June 3 to discuss the regulation of pari-mutuel wagering and its pros and cons from state to state.
Youbet.com, the online wagering company headquartered in California, plans to review statements given by Rep. John Conyers Jr. of Michigan during the May 2 U.S. House of Representatives Judiciary Committee hearing at which the Democratic Congressman said the company is operating despite a cease-and-desist order from the office of the U.S. attorney general.
Youbet.com and Harrah's Louisiana Downs have joined forces on a multi-year program that will make the online wagering company the official wagering provider for the Bossier City, La., racetrack.
Lawmakers will tackle the complicated issue of Internet gambling during a two-hour hearing June 2 during a meeting of the National Council of Legislators from Gaming States in Boston.
Betfair, the rapidly growing exchange-wagering provider based in Great Britain, believes it could provide up to $50 million in new revenue for itself, racetracks, and horsemen by 2008 should it be permitted to operate in the United States.
J. Curtis Linnell, who has been employed by the Thoroughbred Racing Protective Bureau as a wagering analyst since 2003, has been appointed director of wagering analysis for the organization.
As Congress continues to haggle over the scope and objective of the proposed Internet Gambling Prohibition Act, the racing industry again finds itself in disagreement with the Department of Justice over whether interstate simulcasts are legal under the federal law.
New York racing regulators have approved a plan by the New York Racing Association and Capital District Regional Off-Track Betting Corp. to start players rewards programs for frequent bettors.
A 7.3% decline in pari-mutuel revenue contributed to an overall drop in net income in 2005 for Canterbury Park Holding Corp., which owns Canterbury Park in Shakopee, Minn.
The Kentucky Horse Racing Authority has extended its public comment period for new administrative regulations governing multi-jurisdictional wagering hubs, a law for which was passed in 2004. Two years later, no hubs are operating in the state.
Legislation that would grant Fairmount Park a tax break worth almost $1.4 million a year has passed both houses of the Illinois legislature and awaits the signature of Gov. Rod Blagojevich. If approved, the track could increase purses and racing dates, according to reports.
After nearly a year of delay, New York racing regulators are due to vote March 28 on a plan by the New York Racing Association to start a players' rewards program for frequent bettors.
A Congressman from Kentucky said legislation that would amend the Interstate Horseracing Act to provide workers' compensation insurance for jockeys, backstretch workers, and trainers could be ready for consideration in about four weeks.
Expansion of account wagering and improvements to existing platforms are a chief objective of Churchill Downs Inc., whose chief executive officer, Tom Meeker, indicated change is needed to generate more industry revenue and maintain or expand the customer base.
In management changes announced by Youbet.com, Joe Tracy will head a new subsidiary that will develop technology-based games, products, and services, while Jeff True will serve as president of United Tote, which Youbet.com acquired earlier this year.
New York should permit public and private partnerships to bid on the New York Racing Association franchise, allow bettors to wager via computers, introduce frequent-betting rewards programs at tracks, and approve the merger of the state's off-track betting corporations, according to an ambitious legislative package proposed March 9 by Friends of New York Racing.
A member of the United States House of Representatives plans to reintroduce legislation that would make Internet gambling illegal.
The Thoroughbred Racing Associations is the latest organization to step up efforts regarding wagering security.
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.
The National Horsemen's Benevolent and Protective Association may look for ways to pursue legal action to stop signal piracy and recover what they believe is their fair share of revenue from wagering on Thoroughbred racing.
An electronic commerce company hopes to introduce a Web-based program that would convert legal pari-mutuel Internet wagers into on-track bets, thus increasing the share of revenue to tracks and horsemen.
Beulah Park set an all-time one-day handle record, while Turfway Park has increased purses because of business gains.
Almost two years after legislation was passed, the Kentucky Horse Racing Authority adopted regulations Jan. 17 to govern multi-jurisdictional wagering hubs in the state.
The National Horsemen's Benevolent and Protective Association again will tackle the issues of offshore simulcasts, pirating, and horsemen's rights during its winter convention scheduled for Jan. 21-25 in Tampa, Fla.
Woodbine Entertainment Group has reiterated its views on non-racetrack rebate shops by denying International Racing Group access to Woodbine-hosted pools.
The absence of turf racing didn't impact the Hollywood Park fall meet as much as expected--at least in terms of averages--according to meet-end figures released by the Southern California racetrack.
Large fields and an artificial racing surface are credited for a 17% increase in all-sources handle for the first three weeks of the Turfway Park meet.
Four companies have joined forces to expand the international wagering market, beginning with a racetrack and its off-track betting outlets in Brazil.
Total handle and purses registered gains during the 167-day Woodbine meet that spanned April 16-Dec. 11.
New York officials need to act quickly to launch a major overhaul of racing laws to help jumpstart the state's $1.4-billion Thoroughbred racing industry, Friends of New York Racing concluded in its year-end report on the status of pari-mutuel horse racing in the state.
The National Thoroughbred Racing Association, during a Dec. 1 meeting, approved a revised operating and licensing agreement with Breeders' Cup that will last at least one year, and received a report on what could be the first step toward formation of the long-awaited national Office of Wagering Integrity.
Youbet.com, which earlier this year purchased an offshore wagering company, has entered into an agreement to purchase United Tote for $49 million, the company announced Dec. 1. United Tote supplies tote services to more than 90 pari-mutuel facilities in North America.
Legislation introduced in the U.S. House of Representatives prohibits the use of credit for Internet gambling but contains provisions to protect interstate pari-mutuel wagering.
International Racing Group, a rebate shop located in Curacao but owned and operated by United States-based Youbet.com, was licensed by the Oregon Racing Commission Nov. 2, and is the first such entity to be licensed by U.S. regulators.
A few days after a federal judge denied granting her a new trial, Susan Bala, the founder and former president of North Dakota's Racing Services Inc., reported to prison Sept. 30 to begin serving a 27-month sentence.
In the two months since common pool pari-mutuel wagering with Canada was first introduced at Emerald Downs and Arlington Park, both tracks have seen significant increases in handle from Canada.
A procedural move has stalled a legislator's efforts to restrict Internet gambling by cutting off its funding sources, but his campaign isn't over, according to reports.
Offshore wagering services issued statements Sept. 13 expressing unhappiness with the way rebate shops were portrayed in a report that led to dismissal of charges against the New York Racing Association.
Scientific Games and a Swedish company will combine to launch the V75, a pick seven with a 10-cent minimum wager and the potential for multimillion-dollar payoffs, through Philadelphia Park and its Turf Clubs.
Kentucky Off-Track Betting's facility in Pineville will celebrate its 10th anniversary this weekend of Sept. 2-4. More than $51 million has been wagered at the facility since it opened in 1995.
Computerized wagering will be the focus of this year's International Simulcast Conference, scheduled for Oct. 3-5 in New Orleans.
A representative of the most publicized betting exchange in the world indicated the company is actively seeking a partnership with the United States pari-mutuel industry.
Legislation that became law July 1 has resulted in the TV Games Network closing the accounts of all Indiana residents.
Horsemen's associations based at Churchill Downs Inc.-owned racetracks will meet June 6 to address common concerns related to CDI and the pari-mutuel industry at large, officials said.
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