The Southern Racing Cooperative has a new multi-year deal with the New York Racing Association on signal rates, a cooperative official said.
Declines in on-track wagering, a dispute with the New York Racing Association over signal fees, and horsemen's refusal to allow six major advance deposit wagering outlets to take its signal has led River Downs to cut purses 15%-18% effective May 8.
Another group of racetracks won't be importing the signal from Belmont Park beginning April 30 because they collectively have failed to strike a deal on signal rates with the New York Racing Association.
The latest in a growing number of simulcast contract disputes has led the New York Racing Association and Magna Entertainment Corp. to cease doing business with Tampa Bay Downs.
Representatives of the Churchill Downs Simulcast Network and the Southern Racing Cooperative approved a new agreement Oct. 19 to allow the export of CDSN racing signals to SRC member racetracks. Terms were not disclosed.
The simulcasting of Churchill Downs Simulcast Network signals from Calder Race Course, Churchill Downs, Hollywood Park and Hoosier Park has resumed at Lone Star Park after a five-day hiatus. A verbal agreement was reached between Lone Star Park and CDSN Wednesday morning, shortly after Lone Star withdrew from the Southern Racing Cooperative.
The Southern Racing Cooperative, currently in a dispute with the Churchill Downs Simulcast Network over fees charged for signals, said Nov. 17 it has been approached by 10 racetracks that want to join the organization.
In apparent reaction to an impasse in negotiations between the Southern Racing Cooperative and Churchill Downs Simulcast Network over the Hollywood Park signal, CDSN has ceased sending any of its simulcasting signals to the racing cooperative's member tracks.
Member tracks of the Southern Racing Cooperative, which includes Oaklawn Park and Fair Grounds among others, have thus far declined to import the Hollywood Park simulcast signal because of an impasse in negotiations.
The New York Racing Association and the Southern Racing Cooperative have settled a simulcast contract dispute that will return the NYRA signal to the 11-member track cooperative. The cooperative includes Lone Star Park, Sam Houston Race Park, and Retama Park in Texas; Oaklawn Park in Arkansas; Emerald Downs in Washington; Prairie Meadows in Iowa; Tampa Bay Downs in Florida; and the Downs at Albuquerque, Ruidoso Downs, SunRay Park, and Sunland Park in New Mexico.
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