Churchill Downs Inc. and Daily Racing Form are at odds over
the publishing company’s launch of an advance deposit wagering system
powered by XpressBet.com, which is owned by CDI rival MI Developments.
CDI racetracks aren’t available for wagering through DRFBets.com,
which launched in January. CDI operates the TwinSpires.com, the largest
ADW system in the country after its purchase of Youbet.com.
CDI vice president of corporate communications Julie Koenig Loignon in late February said the situation stemmed from Daily Racing Form’s
entry into the wagering business. DRFBets.com is considered a “white
label” ADW in that the platform using existing technology from another
provider, but DRF gets a cut of revenue.
It is believed DRF gauged the interest of multiple ADW providers before selecting XpressBet.com.
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