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U.S. RACING COMPANY HAS ONLINE GAMBLING PLANS
Posted 3/16/11 : Another indication that the momentum for legalisation is growing
This week saw another indicator of the growing momentum of the legalisation issue in the United States, when the president of major horseracing company Churchill Downs Inc., confirmed that his company has plans to expand into online gambling once the pastime is legalised.
CDI president and chief executive officer Bob Evans said the Kentucky-based company is “...very much wired into the political and business side” of Internet gambling, which is limited - in legal terms - to advance deposit wagering on horse races.
During a conference call on the company's financial results, the state and federal legalisation initiatives in recent times were introduced into the discussion, leading Evans to comment:
“If Internet gambling gets legalized at the state or federal level, we would intend to play in these businesses. And we expect to play competitively whenever that may happen. We’ll be there when it occurs.”
The publication Bloodhorse.com reported this week that CDI has invested tens of millions of dollars in developing an online wagering platform, TwinSpires.com, for betting on races. In the fourth quarter of 2010, the system, which has a hub in Oregon, attracted $167.1 million in pari-mutuel handle.
The online company faces threats following a legal action in California. On March 14 CDI was told by the California Horse Racing Board it has until March 18 to resolve its dispute over ADW or it will lose its California licence. That would mean that TwinSpires.com would be unable to take bets from residents of that state.
The company says it is working hard at a solution and hopes to meet the March 18 deadline.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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