Category: Horse Racing Industry News

Just a few days to the Grand National

The Grand National is without a doubt the sports event everyone is waiting for in the United Kingdom. It´s also a few great days to gamble, since the festival includes a few more races aside of the main event, that will take place on Saturday 8th of April, only a few days from now. In…

William Hill and Caesars Set for Iowa Race Book

William Hill, America’s leading Race & Sports Betting company, is partnering with Caesars Entertainment to bring back pari-mutuel simulcast wagering to the Horseshoe Council Bluffs Casino. Bettors at the William Hill Race Book inside the Horseshoe Council Bluffs Casino will be able to wager on major Thoroughbred, Harness, and Greyhound tracks from around the country…

New Jersey Wants More Online Gambling

The gambling industry in the state of New Jersey has seen better days. Lawmakers of the state have been trying to come up with ways to give the industry a boost, especially after a referendum to allow two casinos in the northern portion of the state was shot down by voters in November. Now, it…

Kentucky Derby Gambling Near Record

horse racing

Wagering from all sources on Saturday’s Kentucky Derby day program was the second-highest in history, totaling $192.6 million and only 1 percent off the record set in 2015, Churchill Downs Inc. has reported. On-track wagering on the full Derby Day racing card, including the 142nd Derby, was up 2 percent to $23.5 million — just…

Betfair Launches Exchange Wagering in New Jersey

Exchange wagering, a fixed-odds, peer-to-peer form of pari-mutuel betting popular in other parts of the world, will be offered to residents of New Jersey on horse racing beginning May 10th, Betfair US, the operator of the world’s most popular exchange wagering platform, and Darby Development, the operator of Monmouth Park, announced today. Unlike traditional “tote” wagering, where the odds fluctuate,…

California Horse Racing in Bed with Online Poker

The California horse racing industry has come out in official support of online poker bill AB 2863 in advance of next week’s hearing in the Assembly Governmental Organization Committee. PokerNews.com has obtained a copy of the letter that nine industry leaders sent to Assemblyman Adam Gray, chair of the committee and co-lead sponsor of the…

California Online Poker Could Benefit Horse Racing

There may yet be hope for ending the long stalemate between California tribes and racetracks on Internet poker. PokerNews.com has received a copy of language Assemblyman Adam Gray has floated to industry stakeholders to fill out his shell bill AB 431 from last year. The new bill may be introduced in the next week, prior…

Player Forum Launched by British Horseracing Authority

The British Horseracing Authority (BHA) has launched a new forum in an effort to allow punters in the UK to offer constructive suggestions as to how the sport can develop and change for the benefit of the betting public. The ‘Horseracing Bettors Forum’ will deliver proposals and recommendations to both the BHA and BHA Racing…

Kiwi jockey disgraced in betting scandal that shocks industry

Australian Gambling – In a story that has shocked the typically clean natured New Zealand racing scene, jockey David Walker has had his riding licence suspended after an investigation was launched into one of his rides at Awapuni earlier this year. The Central Districts jockey will face charges of pulling up a horse so he…

Texas commission holds hearing on historical racing

Austin-American Statesman – Racetrack owners in Texas are looking to inject new life into their struggling industry by turning to a controversial way of gambling that trades live horses for a slot machine-like experience. Texans in the horse and dog racing industry — the same folks who have failed time after time to attain permission…

China: The Next Big Horse-Racing Center?

Wall Street Journal – From the outside, there doesn’t appear to be anything special about Ren Ningning’s farm southeast of Beijing, tucked among plots of lotus root and other crops. But once beyond the redbrick wall and locked iron gate, a visitor enters into a rich man’s fantasy land—a sprawling, 100-acre equestrian estate with row after row…

Churchill Downs partners with Saratoga for New York casino

New York Times – One of the most recognizable names in horse racing is joining the field in New York’s sprint into big-time gambling. The company that owns Churchill Downs, home of the Kentucky Derby, is teaming up with a track to pursue a full-fledged casino just outside the state capital. The project is one…

Horse racing industry backs Texas gaming

KTRH – The Texas Legislature doesn’t meet this year, but that hasn’t stopped the growing pressure on state lawmakers for legalized casino gambling in Texas.  Advocates are pushing lawmakers to approve a public vote on whether to allow casino-style gaming in the Lone Star State, arguing it would be a huge boost to the state’s…

Horse Racing Socially Acceptable, Sports Betting & Poker Forced Underground

US Poker – The dust has settled from the 140th Kentucky Derby. California Chrome celebrated in the winner’s circle on Saturday. Bettors that picked California Chrome to win took home $2.50 for every $1 bet.  Many other wagers were placed on the annual betting tradition. Churchill Downs held a large portion of the action. Win,…

Online Kentucky Derby Betting

Maboot – Few events in the world of sports are as popular among mainstream fans as online Kentucky Derby betting. Among US based fans its exceeded only by the Super Bowl and March Madness. Since there are always a lot of newcomers to horse betting at this time of year it’s a good time to…

Mongolia seeks to expand horse racing industry

Bloomberg – Mongolia’s government will propose laws to set up a professional horse-racing league and legalize betting to compete for the Chinese gambling market. The government may approach the Hong Kong Jockey Club with a proposal to have jockeys and horses race in Mongolia when they’re not competing in the former British colony, Culture Minister…

Penn National Gaming looks to expand in Las Vegas

Las Vegas Review Journal – Penn National Gaming, which owns M Resort, is again looking at the Strip for possible expansion opportunities. During a conference call Thursday with analysts to discuss the casino operator’s first quarter earnings, Penn National CEO Tim Wilmott was asked about reports that Australian casino company Crown International was interested in…

Future of harness racing unclear at New York racino

Times Union – Whither harness racing in Saratoga Springs? A day after the Saratoga racino announced it had deserted plans to pursue casino gambling in Saratoga Springs in favor of East Greenbush, hundreds of patrons placed bets on the racino’s video lottery terminals while trotters and pacers at the harness track enjoyed a day off.…

Churchill Downs talks Internet gambling

Courier Journal – Corporate leaders from Louisville-based Churchill Downs Inc. talked about the new over-sized video board at its namesake track and other issues facing the company in a Thursday conference call with investors and analysts to discuss the company’s $700,000 first-quarter loss. …An analyst asked when Churchill would begin to see returns on its…

French online betting operator in line with expectations

iGaming Business – French online betting and gaming operator PMU has reported that despite a year-on-year drop in sales during the first quarter of 2014, its activity in the period was “in line with expectations”. The operator reported total sales of €2.6 billion ($3.6 billion) for Q1 of 2014, a decrease of 3.4% on the…