• ZATT's Star of the Week, is ... Winx!Posted 3 days ago
  • Elektrum (5-2) gets up in the final jump to win the Grade 3 Dowager at Keeneland.Posted 3 days ago
  • Roca Rojo (4-1) storms home to romp in Belmont's Athenia.Posted 3 days ago
  • Lightstream (2-1) rolls late to pass Malibu Stacy for the Raven Run win.Posted 4 days ago
  • Royal Posse (5-2) likes the off going and upsets Governor Malibu in the Empire Classic.Posted 4 days ago
  • Bar of Gold (4-5) wins the Empire Distaff by a country mile.Posted 4 days ago
  • Pat On The Back (20-1) puts them to sleep in a sloppy Sleepy Hollow.Posted 4 days ago
  • 2001 Kentucky Derby winner, Monarchos has passed away at the age of 18.Posted 4 days ago
  • Winx absolutely dominant in winning a second Cox Plate.Posted 5 days ago
  • Quidura (7-2) scores another graded stakes win at Keeneland for Graham Motion.Posted 5 days ago
Breeders Cup 2015

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Inc.'s Twinspires were all extended to Dec. 31, while the application for Youbet.com, now owned by CDI as well, was withdrawn.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