Ticker
  • Melatonin powers home a strong winner of the Gold Cup at Santa Anita.Posted 11 hours ago
  • Lord Nelson lunges late to nip Subtle Indian in the Triple Bend.Posted 11 hours ago
  • By the Moon proves best in the Grade 3 Bed O' Roses at Belmont Park.Posted 14 hours ago
  • Mo Tom finds a trouble free trip, and rolls home an easy Ohio Derby winner.Posted 14 hours ago
  • Isabella Sings strolls to victory in Monmouth's Eatontown.Posted 14 hours ago
  • Sarah Sis makes all the running as the Chicago Handicap favorite.Posted 15 hours ago
  • Harzand holds off Idaho in the Irish Derby to become a dual Derby winnerPosted 19 hours ago
  • Far From Over wins his return today at Belmont after more than 16 months away.Posted 1 day ago
  • Champion Untapable has been retired from racing, according to owner, Ron Winchell.Posted 6 days ago
  • Cheekaboo wins a blanket finish in the Honeymoon at 23-1.Posted 6 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Inc.'s Twinspires were all extended to Dec. 31, while the application for Youbet.com, now owned by CDI as well, was withdrawn.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