California regulators recommend approval for Churchill entry into exchange...
The release of the California Horse Racing Board’s agenda and board packet for its meeting Thursday, Nov. 15, contains another indication that Louisville-based Churchill Downs Inc. is interested in...
View ArticleCalifornia exchange wagering debate tidbits
Long story short: The California Horse Racing Board on Thursday approved exchange wagering regulations that are at least two months from taking effect. The board also approved provisional licenses for...
View ArticleMore (fixed odds) picks of the week
Today’s Picks of the Week edition finds its oeuvre in the exchange wagering push in California, from Betfair and TVG’s hopes to start the fixed odds form of wagering in the United States — like...
View ArticleWill failed efforts in Kentucky for account wagering tax find success in 2013?
Kentucky legislators — both Republicans and Democrats — have been eager to tax bets made through online services like Churchill Downs Inc.’s TwinSpires.com for years. The argument used by both is that...
View ArticleTVG’s owner readying for cost cutting
A comment by Betfair’s U.S. chief Stephen Burn during the recent California Horse Racing Board meeting stood out to me as possibly indicating that the bosses back in London are growing impatient with...
View ArticleStronach taps regulator as new executive
There’s a saying in the news business that writers aren’t talented enough to make up this stuff. The latest in the long parade of executives tapped by Frank Stronach fits the bill. Last week, the...
View ArticleTVG dropping wagering fees
Betfair’s TVG account wagering service announced Friday it is dropping wagering fees. The fees were mocked in advertising by TVG competitor TwinSpires.com, which is the ADW of Louisville-based...
View ArticleAccount wagering’s stake in Kentucky
Days after the latest failure of a bill to tax Kentucky residents’ wagers made through account wagering services like Churchill Downs Inc.’s TwinSpires.com, the Kentucky Horse Racing Commission...
View ArticleTwinSpires’ handle from Kentuckians grew nearly 10 percent in first quarter
As Churchill Downs Inc.’s second quarter earnings report is readied for its July 31 release, here’s one more first-quarter statistic. Several weeks ago, the Kentucky Horse Racing Commission released...
View ArticleExchange wagering coming to a Golden State near you
Now it gets interesting. California regulators gave final approval to the California Horse Racing Board’s revised rules for exchange wagering, the CHRB announced this week, setting up what could be...
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ADWs continue Kentucky growth in latest statistical snapshot
Addendum to the addendum: The KHRC agreed today that XpressBet’s total was incorrect. The post is updated to reflect the change, which means XpressBet, indeed, had a nice gain in Q3 ADW in Kentucky....
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