A federal judge has dismissed an anti-trust lawsuit filed by a Maryland harness track against Churchill Downs, TrackNet Media Group, and other parties over full-card simulcasting.
- By Tom LaMarra
Churchill Downs Inc. and MI Developments said May 14 they will dissolve TrackNet Media Group, a company formed to address signal pricing and distribution.
Fair Grounds Race Course & Slots will reduce purses for overnight races by 9%, effective Jan. 31, and trim the value of 12 stakes.
- By Jim Freer
TrackNet Media Group and the MidAtlantic Cooperative announced Jan. 22 that they have reached an agreement with MidAtlantic members of the simulcast signals of racetracks affiliated with TrackNet
A dispute over signal rates between TrackNet Media Group and 17 racetracks in the Mid-Atlantic region is a primary reason Gulfstream's interstate wagering handle was down about 15% through the first seven days of its meet.
Gulfstream Park's 2010 schedule is again laden with graded stakes, and one safe bet is that most of the 80 racing days will be warm and sunny. Otherwise, there are changes and questions in abundance.
- By Tom LaMarra
TVG has reached an agreement with TrackNet Media Group that allows it to offer wagering on racing from Churchill Downs and Fair Grounds Race Course & Slots.
A Maryland harness track July 15 was denied a temporary restraining order to force TrackNet Media Group and 15 other racetracks to provide it with Thoroughbred signals.
TVG announced June 8 an agreement with TrackNet Media Group that allows its affiliated Web sites -- TwinSpires.com and XpressBet.com -- to accept online wagers on TVG-exclusive racetracks.
Betfair wants to establish a worldwide betting exchange that includes the United States, but will focus its U.S. efforts for now on strengthening its newest acquisition, the TVG horse racing network, an official with the London-based wagering conglomerate said recently.
Wagering on the Churchill Downs spring meet may again be restricted to customers of certain betting outlets, although negotiations appear to be ongoing to include some that are on the outside looking in.
Youbet.com will carry the Calder Race Course signal for the live meet beginning April 24, saying the move is another building block on "continued cooperation" between parent company Churchill Downs Inc. and the advance deposit wagering entity.
Customers of Philadelphia Park's advance deposit wagering system may not have access to Pimlico Race Course signals when the Maryland track opens its live meet April 18 as the result of an ongoing dispute with TrackNet Media Group, the head of the content company has confirmed.
An agreement has been reached to allow wagering on Maryland Jockey Club racing by three leading advance deposit wagering companies, ending a standoff with horsemen that threatened to shut off related signals.
Churchill Downs Inc. has moved to protect its interest in joint ventures with bankrupt Magna Entertainment Corp. by joining in a flurry of objections filed recently in a Delaware federal court.
A trio of large domestic advance deposit wagering companies is facing a shut-off of operations in Maryland unless a new agreement for revenue sharing is reached, the Maryland Racing Commission said recently.
Philadelphia Park has been asked to cease handling account wagers on racing affiliated with TrackNet Media Group unless the Pennsylvania track signs a new licensing agreement with the content group.
Several assets owned by Magna Entertainment Corp. will apparently be offered separately for sale from a $195-million "stalking horse bid" its parent company has tendered in relation to MEC's Chapter 11 bankruptcy filing March 5.
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.
A dispute over hub-fee agreements has left some Churchill Downs Inc.-owned tracks and related off-track betting facilities without racing signals from California.
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.
The Florida Horsemen's Benevolent and Protective Association said Dec. 22 it has reached agreements on advance deposit wagering contracts with Calder Race Course and Gulfstream Park.
Racetrack management and horsemen in Ohio struck an agreement Dec. 16 that will reinstate more than 160 Thoroughbred racing dates at Beulah Park and River Downs in 2009, and save more than 1,000 horses at Beulah Park from being forced out of the track's stable area by Dec. 27.
Wagering on Tampa Bay Downs' 83rd live meet, which opens Dec. 13, will be available to most advance deposit wagering outlets, the Oldsmar, Fla., track announced Dec. 12.
With a little more than two weeks remaining before the scheduled shutdown of the barn area at Beulah Park, management and horsemen still have no deal to continue live racing in January. But developments on a national level could quickly turn things around.
In a high-stakes "game of chicken," the California Horse Racing Board pushed account wagering a little closer to the edge Nov. 18 when it declined to renew the licenses of the state's four Internet and telephone bet companies.
Support for reform of the revenue model for advance deposit wagering continues to increase, but as evidenced Sept. 30 during the International Simulcast Conference, it's looking more and more like a long-term project.
The Portland Meadows meet, which looked for a time like it might be canceled, is scheduled to kick off Oct. 5, despite ongoing issues in Oregon.
Early handicapping on signal distribution of the Breeders' Cup World Championships shows the prestigious event will be available to a wide variety of outlets and bettors, at first glance calming fears of any "signal wars" fallout evident in other revenue-sharing disputes involving advance deposit wagering.
A fan-friendly experiment to share racetracks among California's advance deposit wagering companies has ended with the start of the Del Mar meet July 16.
Churchill Downs' 52-day spring meet closed July 6 with steep declines in handle and purses, likely results of a well-publicized clash between track officials and horsemen over wagering revenue.
The Colonial Downs signal will be barred to at least three wagering outlets for its upcoming live meet. The Virginia racetrack joins the list of tracks whose betting options have been curtailed by disputes with horsemen's groups over revenue sharing.
Some bettors are frustrated with the current dispute between horsemen groups, racetracks, and advance deposit wagering companies over revenue sharing. They feel they've been neglected in the process, and threaten to take their wagering dollars elsewhere.
Youbet.com put the memory of its association with former subsidiary International Racing Group in its rear-view mirror during a May 6 conference call where it reported a net income of $774,000 for the first quarter of 2008.
TrackNet Media Group said April 22 it doesn't like a proposal from horsemen that would allow advance deposit wagering companies the cards of the Kentucky Derby Presented by Yum! Brands (gr. I) and the Kentucky Oaks (gr. I), locking in place a stalemate over broader revenue sharing models.
Calder Race Course announced April 21 due to the Florida Horsemen's Benevolent and Protective Association's refusal to approve the distribution of Calder races to out-of-state wagering outlets, including advance deposit wagering companies, the racetrack has been forced to cut purses by 30%, effective April 27. The purse reductions will affect a variety of race conditions, including stakes races.
Horsemen at odds with TrackNet Media Group over advance deposit wagering revenue sharing plans are suggesting a plan that would allow all ADWs to carry programs of both the May 2 Kentucky Oaks (gr. I) and May 3 Kentucky Derby Presented by Yum! Brands (gr. I).
Horsemen at odds with TrackNet Media Group over advance deposit wagering revenue sharing plans are proposing an arrangement that would allow all ADWs to carry programs of both the May 2 Kentucky Oaks (gr. I) and May 3 Kentucky Derby Presented by Yum! Brands (gr. I).
Consider this chilling scenario: Customers of several advance deposit wagering companies - and possibly some large off-shore rebate shops - won't be able to place wagers on the Kentucky Derby Presented by Yum! Brands (gr. I) through those entities.
The Thoroughbred Horsemen's Group claims it wants advance deposit wagering entities to pay a fairer share into purse coffers, but those on the other side of the negotiating table claim the math simply doesn't add up.
Youbet.com said April 1 it had put a restructuring plan in place to recover from last year's $27.4-million loss, and is looking forward to a turnaround in 2008.
Premier Turf Club has added Keeneland content to its list of track offerings, building on a business model that has allowed the North Dakota-based advance deposit wagering entity to realize four-fold growth in handle in the last few months.
TVG has announced an exclusive multi-year agreement that ends an 18-month hiatus of Hawthorne Race Course from the racing network's line-up, and the Illinois track says it is all part of bigger plan to broaden its own plans for a self-run wagering entity.
The Thoroughbred Owners of California has given limited consent to New York's off-track betting corporations to accept wagers on California races, but is holding firm on its stance against allowing wagers from the companies'out-of-state account deposit wagering customers.
Jokes aside, there could be progress on the pari-mutuel pricing front if comments by industry officials are any indication.
Santa Anita Park president and chief executive officer Ron Charles has taken on additional duties with the parent company of the racetrack after accepting an appointment as chief operating officer of Magna Entertainment Corp., it was announced Jan. 7.
The question of whether state legislators should become more involved in pari-mutuel pricing and distribution continues to be asked, and at this point, there doesn't appear to be an answer--at least a definitive one.
The New York Racing Association has entered into a content exchange agreement with TrackNet Media Group for 2008, NYRA officials said Dec. 28. In addition, NYRA has new deals with TVG and Youbet.com for the upcoming year.
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