Ticker
  • Texas Chrome (2-1) bravely squeezed through on the rail for an Oklahoma Derby win.Posted 4 days ago
  • Unbridled Mo (4-1) rides the rail to victory in the Remington Park Oaks.Posted 4 days ago
  • Accelerate (1-1) rallies to win the Los Alamitos Derby (G2).Posted 5 days ago
  • Connect (10-1) upsets the Pennsylvania Derby.Posted 5 days ago
  • Songbird (1-5) gets win number 11 in the Cotillion (G1) at Parx Racing.Posted 5 days ago
  • Noholdingback Bear (3-1) wins the Gallant Bob (G3) at Parx Racing.Posted 5 days ago
  • 2015 Turf Champion Big Blue Kitten has been retired from racing, via the Chad Brown barn.Posted 8 days ago
  • No catching Sarah Sis (10-1) in the Presque Isle Downs Masters.Posted 10 days ago
  • Victory to Victory  7-1) pulls clear in the Grade 1 Natalma Stakes.Posted 11 days ago
  • Good Samaritan (3-1) rolls to a Breeders' Cup birth with a Summer Stakes win.Posted 11 days ago

ADW's Get California Extensions

Satisfied that owners were getting as much as possible for purses from a recent state increase in takeout on some wagers, the California Horse Racing Board granted three advance deposit wagering companies one-year extensions of their licenses during its Jan. 20 meeting.


The board stopped short of handing the companies full two-year extensions, with chairman Keith Brackpool saying that there needs to be "a necessary discussion" later this year on the relationship of the ADWs to the state's racing industry.


MI Development's XpressBet and Churchill Downs Inc.'s Twinspires were all extended to Dec. 31, while the application for Youbet.com, now owned by CDI as well, was withdrawn.


During its Dec. 16 meeting, the CHRB gave the companies temporary 30-day extensions. Board members were concerned about the number of contractual agreements that were still outstanding and whether CDI, in its multi-jurisdictional hub agreement negotiations, was refusing to pay its full share to California purses as provided in last year's takeout legislation. The legislation, which authorized increases of 2% or 3% on exotic wagers, was intended to go entirely for purses.



Read More

 

comments powered by Disqus

Related Pages

Related Stories

Top Stories