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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.
Gambling News :
International Table Tennis Federation in deal with Sportradar. -
The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.
NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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