Ticker
  • The Great War is off the Derby trail following poor finish in the BattagliaPosted 5 days ago
  •  Royal Son scores in the John Battaglia Memorial.Posted 5 days ago
  • Stellar Wind an impressive winner of the Santa Ysabel. Posted 5 days ago
  • Far Right shoots up the rail again to score in the Southwest Stakes. Posted 11 days ago
  • Khozan demolishes a Gulfstream Park allowance field to remain perfect in two starts. Posted 11 days ago
  • No beating North Slope as he returns to dirt a winner in the Evening Attire. Posted 11 days ago
  •  International Star scrapes the paint to win the Risen Star.Posted 12 days ago
  • I'm A Chatterbox speaks loud and clear in the Rachel Alexandra. Posted 12 days ago
  • Itsaknockout wins the Fountain of Youth on the DQ of Upstart. Posted 12 days ago
  •  Chocolate Ride sneaks away in the Fair Grounds Handicap.Posted 12 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Inc.'s Twinspires were all extended to Dec. 31, while the application for Youbet.com, now owned by CDI as well, was withdrawn.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