United Tote

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NYRA Contract with AmTote Approved

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.

CDI 'Well-Positioned' to Make Other Deals

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.

Youbet Looking Beyond Racing for Growth

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 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

  • News

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

  • News

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 Has Deal to Buy Tote Company

  • News

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

  • News

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

  • News

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

  • News

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.

Sportsman's Park Turns Back Challenge to ITW Licenses

  • News

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.

Feds Clear Purchase of Anchor Gaming

  • News

Federal regulators have cleared the purchase of Anchor Gaming, the parent company of United Tote, by gambling equipment giant International Game Technology (IGT). The deal is valued at $1.4 billion.

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