Ticker
  • Saturday's Del Mar card includes a Pick Six carryover of $77,661.Posted 9 hours ago
  •  Better Lucky rolls late in the Shine Again!Posted 4 days ago
  •  Fashion Alert outduels Take Charge Brandi in the Schuylerville!Posted 7 days ago
  •  Enterprising flies late to win the Oceanside!Posted 8 days ago
  •  Belle Gallantey shocks Princess of Sylmar in the Delaware Handicap!Posted 13 days ago
  •  Finnegans Wake defeats Admiral Kitten by an eyelash in the Arlington 'Cap!Posted 13 days ago
  • There will be a Pick Six carryover of $167,021 when racing resumes Friday at Los Alamitos.Posted 15 days ago
  • There will be a Pick Six carryover of $42,460 when racing resumes Thursday at Los Alamitos.Posted 16 days ago
  •  Assateague goes wire to wire in the Dr. James Penny Memorial!Posted 17 days ago
  •  Assateague goes wire to wire in the Dr. James Penny Memorial!Posted 17 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Inc.'s Twinspires were all extended to Dec. 31, while the application for Youbet.com, now owned by CDI as well, was withdrawn.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