Keyword: United Tote

  • Phantom Dollars Flood Track's Double Pool

    A computer glitch linked to United Tote resulted in more than $100,000 in bogus wagers pouring into a daily double pool in late April at Plainridge Park, a Massachusetts Standardbred track.

  • NYRA Contract with AmTote Approved

    A New York regulatory panel has approved a new 10-year tote contract between the New York Racing Association and AmTote International. NYRA had been aligned with Churchill Downs Inc.'s United Tote.

  • New York Will Review Tote Service Deal

    New York state, in the first full day controlling the New York Racing Association, said it will review a tentative deal track officials previously made to replace United Tote as NYRA's totalizator contractor.

  • Codere Signs Alliance with United Tote

    In a move to provide future expansion at tracks in Latin America, international gaming company Codere announced the signing of a strategic alliance agreement with United Tote Sept. 13.

  • United Tote Error Leads to Incorrect Takeout

    Due to an error originating with the United Tote totalisator system located in Kentucky, customers that wagered through NYRA on Keeneland's April 6 card and the first two races April 7, were charged incorrect takeout rates.

  • CDI 'Well-Positioned' to Make Other Deals

    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.

  • Penn Pick Three Recalculated After Glitch

    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.

  • Penn National Race Course

    United Tote Addressing Penn National Glitch

    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.

  • Penn Stops Betting Early After Tote Glitch

    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.

  • Penn Refunds Pools in Past-Posting Incident

    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.

  • Youbet Looking Beyond Racing for Growth

    Flush off a quarter in which it saw increased handle and profit, Youbet.com said May 13 it would look at possibly establishing a presence in another country in an effort to expand its wagering offerings beyond horse racing.

  • Youbet Examining Possible TVG Deal

    Youbet.com, during an Aug. 5 conference call in which it reported a profit for the second straight quarter, said it is evaluating the effects of a possible merger with TVG.

  • New Churchill Downs Wager Bundles Bets

    Churchill Downs will begin testing a new wagering format with on-track customers June 11 that allows patrons to bundle win, exacta, and trifecta plays at a lower price per bet.

  • Youbet Announces Plan to Offset Lower Revenues

    Youbet.com has implemented self-described cost-cutting and revenue enhancement initiatives of about $5 million in an effort to offset lower revenue expectations from its IRG and United Tote subsidiaries, the company recently announced.

  • Youbet Reports 62% Handle Growth in 2006

    Youbet reiterated its desire to work with the new TrackNet Media team of Churchill Downs and Magna Entertainment, hoping to build off a fifth-straight year the wagering company reported double-digit handle growth.

  • Tote Company Leaders Discuss Current and Future Issues

    With executives from the three largest North American tote companies sitting before them, some attendees in a panel discussion at the 33rd Racing & Gaming Symposium Dec. 6 wondered why the trio of bet-processors couldn't work together better for the convenience of the consumer.

  • Youbet .com Reports Strong Gain in Net Income

    On the heels of increased revenue growth from International Racing Group, Youbet.com reported a record second-quarter net income of $2.2 million for the period that ended June 30. The figure is up from $1.3 million in the second quarter of 2005.

  • Youbet.com Sets New Handle Record on Derby Day

    Youbet.com, the online wagering company with headquarters in Southern California, handled $5.6 million Kentucky Derby day, May 6, an increase of 34% from 2005 and the highest one-day amount in the history of the company.

  • Youbet.com Announces Management Changes

    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.

  • NYRA Seeks Rebate OK With New Phone Bet System

    The New York Racing Association, through its contract with United Tote, linked with VeCommerce Inc., of Littleton, Mass., on March 7 to provide automated telephone account management and wagering functions to its current NYRA One account holders and any new subscribers from New York and Connecticut.

  • Youbet.com Completes United Tote Acquisition

    Youbet.com, Inc., announced Monday that it completed its previously announced acquisition of privately-held United Tote Company for approximately $31.9 million, which is $2 million less than the previously announced purchase price.

  • Youbet.com Has Deal to Buy Tote Company

    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.

  • Fanta-Bet Debuts at Churchill Thursday

    Racing fans at Churchill Downs will be the first in America to have the opportunity to participate in Fanta-Bet, a competition wagering concept from United Tote beginning on Nov. 3.

  • Riding Weight Bill Amended in California

    After meeting with state racing industry executives, the national Jockeys' Guild has amended California legislation originally designed to establish heavier minimum riding weights in favor of setting parameters for a national peer review study of jockey health issues.

  • Breeders' Cup Party Set for Backstretch Workers

    United Tote and The Race Track Chaplaincy of America will host the "United Tote Backstretch Bonanza," a special event for backstretch workers, at Belmont Park Oct. 25 during the week of the Breeders' Cup World Thoroughbred Championships.

  • United Tote Partners With Kentucky Technology Firm

    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.

  • Here and There

    TCA holds annual stallion season auction...Thistledown adds live racing on Dec. 16...United Tote signs key contract renewals.

  • Tote Companies Discuss Delays in Getting Final Odds

    Delays in the length of time it takes to get final odds posted on a race in progress -- a vexing technological problem in the simulcasting age of racing -- can be improved, but aren't going away any time soon, a panel of tote company representatives told the International Simulcasting Conference on Sept. 30.

  • United Tote Bought Out by Investment Group

    An investor group that includes senior management of United Tote and New York-based Kinderhook Industries, completed a management-led buyout of the totalizator company from International Games Technology.

  • Arlington Completes Wagering Probe of June 28 Race

    Arlington Park completed its investigation of a suspicious odds drop on the winner of the second race June 28, Rainy Day Rules, announcing Friday there was no proof of any past-post wagering.

  • Sportsman's Park Turns Back Challenge to ITW Licenses

    The Illinois Racing Board Monday turned back an effort by Maywood Park Trotting Association and Balmoral Racing Club to strip the National Jockey Club of its intertrack wagering licenses in Peru, Joliet, and Crestwood.