Keyword: Xpressbet

  • Golden Gate Fields

    MID May Dispose of MEC Tracks by 2011

    The parent company of Magna Entertainment Corp. disclosed March 10 it does not intend to keep on a long-term basis the racing assets upon which it is bidding in MEC's Chapter 11 bankruptcy reorganization, including its "immediate" intention of redeveloping Golden Gate Fields into a commercial property if the bid is successful.

  • Santa Anita Park is among the assets owned by MEC to be sold separately.

    MEC: Other Assets to be Sold Separately

    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.

  • Hollywood Park

    ADW Agreement Reached in California

    An impasse in California over fee rates for interstate advance deposit wagering that has had a negative impact on Hollywood Park's fall meet ended Nov. 21 with the announcement that one-year deals with the four licensed providers in the state have been reached.

  • 'Big Four' Yield Mixed 3Q Handle Totals

    Members aligned on different sides of advance deposit wagering's "Big Four" reported mixed handle results in the third financial quarter amid declining national betting trends.

  • FG Signal Going to Youbet, But Not TVG

    The signal for the Fair Grounds race meet starting Nov. 14 will be available to a wider variety of advance deposit wagering outlets, a group that does not include TVG, Churchill Downs Inc. announced Nov. 12.

  • ADW Revenue Issues: Have and Have Not

    One old betting axiom -- "shut out at the window" -- has taken on a whole new meaning when paired with a relatively new one in the racing industry lexicon: "signal wars."

  • Churchill ADW Agreement Off the Table?

    An agreement has reportedly fallen apart for signal distribution of the upcoming Churchill Downs fall meet to advance deposit wagering entities, according to horsemen representatives involved in the negotiations.

  • Hawthorne Racing

    No ADW Issues Evident at Hawthorne

    While signal distribution at racetracks continues to be a hot topic in the horse racing industry, that doesn't appear to be the case at Hawthorne Race Course, which opens its meet Sept. 26.

  • Hollywood, Horsemen Squabble Over ADW

    With horsemen and Hollywood Park unable to come to agreement on revenue splits from account wagering sources for the upcoming autumn meet at the Inglewood track, the California Horse Racing Board agreed to conduct a special hearing to settle the impasse.

  • Turfway Park's fall meet begins Sept. 3.

    No 'Signal Wars' Evident at Turfway Park

    Turfway Park said Aug. 20 it has received horsemen's consent to distribute its racing signal for the upcoming fall under the auspices of the present exclusive agreement with TVG, thus ending any speculation of a standoff similar to those plaguing other tracks.

  • Several ADWs Increase Handle in Oregon

    Several advance deposit wagering entities posted increased handle through the Oregon hub system in the second quarter of the year, despite an overall national decline blamed primarily on a revenue-sharing dispute between horsemen's groups and various tracks.

  • The Colonial Downs simulcast signal for the upcoming summer meet is being withheld from several wagering outlets.

    Colonial Downs Signal Blocked to Outlets

    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.

  • Wagering through Oregon Hub Grows 3%

    Advance deposit wagering through the Oregon hub system grew nearly 3% in the first quarter of 2008 despite an overall decline in national betting numbers in North America.

  • ADW Lockout Blamed for Derby Handle Drop

    All-sources handle dropped nearly 2% on the May 3 card of the Kentucky Derby Presented by Yum! Brands (gr. I), a result a Churchill Downs official blamed on the fallout from an ongoing dispute with horsemen over signal distribution.

  • Handle Declines on Kentucky Oaks Card

    Perhaps feeling the effects of an ongoing dispute with horsemen over signal distribution, handle on the May 2 Kentucky Oaks (gr. I) program was down about 7%, according to numbers released by the track.

  • THG, TrackNet Have Differing Views

    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.

  • Texas Fires First Shot Over ADW Revenue

    Account wagering companies that take bets on races from Lone Star Park must agree to a new formula that gives an equal share of pari-mutuel revenue to the racetrack, horsemen, and the wagering provider.

  • TVG Deal Part of Hawthorne's Bigger Plan

    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.

  • TVG's third quarter handle accounted for over a 33% wagered through the Oregon hubs.

    Record Wagering Through Oregon Hubs

    Fueled by a record total from TVG, wagers handled through Oregon hubs jumped 19.7% for the third quarter of 2007, according to data released by the state's racing commission.

  • Youbet In, IRG Out Among Those with Breeders' Cup Agreements

    Breeders' Cup Ltd. has anounced agreements to carry the World Championship signals with all major account deposit wagering platforms, including Youbet.com, which has been involved in a federal investigation regarding activities of its off-shore wagering entity, International Racing Group.

  • Magna Entertainment Names CEO, Director

    Michael Neuman was named Magna Entertainment's new chief executive officer and Charlie J. Williams was appointed to the company's board of directors, it was announced Feb. 27.

  • No Santa Anita Clause for TVG

    TVG viewers won't be getting what they wanted most for Christmas -- to watch and wager on races from Santa Anita Park starting with the new season on Dec. 26.

  • California ADW Rivals Near Signal Agreement

    California customers of rival account deposit wagering companies TVG and XpressBet would be able to play any track in the state with their preferred carrier under an agreement being negotiated on a one-year experimental basis.

  • Account-Bet Dispute Addressed; Signal Available

    The Ohio Horsemen's Benevolent and Protective Association has indicated Thistledown is authorized to send its signal to Youbet.com, but the California account wagering company has indicated it may not be willing to offer the signal.

  • Colonial Teams with Restaurant to Expand ADW

    In a collaborative initiative to expand advance deposit account wagering, Colonial Downs has teamed up with Chevy's Restaurant and Night Club in Chesapeake, Va., to promote new wagering technology that could be the horse racing's equivalent to video poker and bar trivia.

  • DeFrancis Named CEO of New Magna Company

    Magna Entertainment announced Monday that Joe DeFrancis, chief executive officer of the Maryland Jockey Club, has been appointed CEO of PariMax, a new company to oversee the development of Magna's "various electronic distribution platforms."

  • Magna 5 Wager Returns Saturday

    Magna 5, the popular $2 pick five wager on races at coast-to-coast tracks for a $500,000 guaranteed pool, returns for a third year Saturday. Along with generous payoffs, the fast-paced presentation of five races in about an hour has proven to be an attractive feature of the wager.

  • HRTV to Broadcast Horse Player World Series

    HorseRacing TV has entered into a comprehensive agreement with Coast Hotels and Casinos for exclusive broadcast coverage and promotion of the Horse Player World Series from the Orleans Hotel and Casino in Las Vegas Jan. 19-21.

  • Bay Meadows Signal Expands to TVG

    The Bay Meadows racing signal will be available to all three legal account deposit wagering companies in California when the Bay Area track opens for business under new management Feb. 2.

  • Dubai Racing Carnival Coverage Begins

    HorseRacing TV will provide live coverage of the 11-date Dubai International Racing Carnival from Nad al Sheba Race Course in Dubai, beginning Thursday.

  • Online Poll Seeks Santa Anita's Top Moment

    XpressBet and HorseRacing TV are offering fans an opportunity to select the most memorable moment in Santa Anita Park history in an online poll celebrating the 70th anniversary of the Arcadia, California track.

  • HRTV to Air on Comcast in Baltimore Area

    The Maryland Jockey Club signal will appear on local Comcast systems beginning Jan. 14 as part of a digital sports package involving HorseRacing TV.

  • XpressBet Approved in Washington

    XpressBet received a license from the Washington Horse Racing Commission to become the second authorized advance deposit wagering provider in the state Oct. 14.

  • Xpressbet Handle Falls 18% In California

    Magna Entertainment Corp. may have some explaining to do at this month's California Horse Racing Board meeting as handle for its account-wagering service, Xpressbet, suffered an 18.4% decline among California residents during the year's first two months.

  • Magna's TV Distribution Under Fire Again

    Unhappy with the lack of distribution for Magna Entertainment Corporation's Horse Racing Television signals from Santa Anita, Golden Gate Fields and Bay Meadows, California officials vowed Feb. 20 to address the issue when license renewals for the state's three approved account wagering services come up in December.

  • Magna executive Jim McAlpine, said company's strategy in best interests of industry.

    MEC: Recent Moves Designed to Benefit Tracks, Horsemen

    Magna Entertainment Corp.'s top executive admitted the company has taken plenty of heat for recent business decisions tied to account wagering and rebate shops, but he indicated the racing conglomerate wouldn't apologize for a strategy he said is designed to benefit the industry in the long term.