Sportech Racing said Sept. 12 it has signed a three-year extension of the totalizator services agreement it has with all racetracks, racing fairs, and off-track betting networks in California.
The Thoroughbred Racing Protective Bureau in the next one to two years plans to launch a tote security system designed to close pools on time, eliminate shifts in odds, and display decimal rather than fractional odds.
Scientific Games Corp. has entered into a definitive agreement to sell its racing and venue management businesses to Great Britain-based Sportech Plc for about $75 million.
- 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.
The Thoroughbred Racing Associations board of directors has adopted a protocol establishing industry-wide standards pertaining to the display of accurate "off time" for the start of the race.
Hollywood Casino at Penn National Race Course said it will make good on a pick three result that was calculated in error June 5 because of a breakdown in tote communications before post time of the second race in the sequence.
A United Tote official said June 8 the company is working with Hollywood Casino at Penn National Race Course on tote communications failures that have led the track to stop taking wagers when the first horse is loaded into the starting gate for each race.
Another tote communication glitch led officials at Hollywood Casino at Penn National Race Course to start closing pari-mutuel pools when the first horse enters the starting gate, effective June 6.
Hollywood Casino at Penn National Race Course refunded more than $150,000 in wagers after a communications router failure at its main wagering hub went down, leaving the second race May 20 open for betting after off time.
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."
The National Thoroughbred Racing Association will unveil its Safety and Integrity Initiative Oct. 15 and fully expects broad industry cooperation given progress made thus far, officials said Oct. 1.
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.
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.
United Tote, the gaming technology and tote provider, has signed Kentucky-based Exchange Unlimited as the exclusive sales contractor for a rapidly developing area of the world in the gaming and pari-mutuel sector.
Reconstruction of the pari-mutuel industry's tote infrastructure is ready to begin, but the project may not be completed for two to three years, Churchill Downs Inc. president Tom Meeker said.
The National Thoroughbred Racing Association will take a leadership role in the refinement of wagering security and infrastructure, its board of directors decided at a third-quarter meeting Sept. 24 in Dallas.
The task force formed to look at why handle is up but purses are down ended up producing a report that tackles other issues such as disclosure of information from wagering outlets, technological limitations in tote systems, and the need for a secure database of wagering information.
Sharon O'Bryan was expected to take over as director of the National Office of Wagering Security in April, but has notified the National Thoroughbred Racing Association she's not coming to work for the organization after all.
The 2020 Committee of the Thoroughbred Racing Associations unanimously decided Dec. 10 to establish a model rule for totalisator systems in the event tote communications are interrupted. The decision stems from incidents in which past-posting has occurred after system failure.
New York Racing Association officials said it appears losses were kept relatively low from a September incident in which at least a dozen wagering outlets failed to stop taking bets after a Belmont Park race had begun.
More than 50 racetracks and racing associations in the United States, as well as all facilities in Canada, have eliminated cancel delays for tote tickets, but more than 20 in the U.S. have failed to comply with the request from the Thoroughbred Racing Associations.
A committee formed to make recommendations to the National Thoroughbred Racing Association is expected to suggest the organization put the brakes on its relationship with IBM Global Services and perhaps give the full membership a chance to vote on the proposal.
Most Popular Stories
- Tapiture Takes On Rebel Invaders and Old Foes
- Social Inclusion Spoils Honor Code's Return
- Study Links Cell Damage to Corticosteroids
- Iotapa Heads Tough Lineup in Santa Margarita
- Azeri: Don't Tell Sophia Faces Close Hatches
- Sign Runs Last in Return from Lengthy Layoff
- Steve Haskin's Derby Dozen 3/10/2014
- Hall of Fame Jockeys to Compete at Pimlico
- OBS Sale Closes With Records Shattered
- New Standards May be Imposed on NY Stewards