Keyword: Racing and Gaming Services

  • CRW Players Negatively Impacting Payouts

    According to a wagering expert, the industry's embrace of computer-robotic wagering through the high rebates required to sustain these players has resulted in a less attractive game for all other horseplayers.

  • Betting was a topic during National HBPA convention Feb. 4

    HBPA Forum: Are Biggest Bettors Demonized?

    The impact big bettors have on pari-mutuel handle and the resulting revenue, as well as the need to recognize that horse owners are bettors, too, was the focus of a Feb. 4 forum during the National HBPA convention in Florida.

  • Case Made for High-Volume Betting Services

    Horsemen hashed out the issue of high-volume bettors and rebates Jan. 13, and in the process got a fairly detailed look at their impact on pari-mutuel Thoroughbred racing in the United States.

  • Jury Out on Rebates, Computer Bets

    There may not be imminent decisions in the ongoing debate over high-volume betting shops and computer-assisted wagering. The industry remains split on mechanisms that have increased or shifted pari-mutuel handle, depending on the point of view.

  • Betfair Official Says U.S. Racing Could Make Millions

    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.

  • High-Volume Shops Make Case As Wagering Study Continues

    As the National Thoroughbred Racing Association Wagering Systems Task Force prepares to hear recommendations on ways to address the "handle up, purses down" situation, operators of high-volume betting shops believe they might be a target and suggest that, as generators of up to 15% of annual handle in North America, they should be directly involved in the process.

  • California Won't Order RGS Curb on Lewiston Hub

    California regulators decided Feb. 20 that they will hold off on considering a cutoff of wagering at post time from betting through the Lewiston, Maine simulcast hub, which processes wagers for rebating giant Racing and Gaming Services.

  • Horsemen to Consider Operating Offshore Betting Hub

    The National Horsemen's Benevolent and Protective Association, in an effort to thwart what it believes is a growing problem with the piracy of signals and subsequent loss of revenue, plans to discuss the possibility of operating its own offshore wagering hub.

  • Tracking Signals and Revenue: The Battle Begins

    The National Horsemen's Benevolent and Protective Association is trying to track where signals go and whether horsemen are getting the revenue to which they're entitled. Comments made during a Jan. 28 workshop indicated that process has a long way to go.