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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 :

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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Huge Caribbean Hold’Em hit at Bovada Casino - A progressive jackpot strikes again! This time it was at Bovada Casino, where a Texas player landed the top hand playing Caribbean Hold’Em over the weekend. A grand total of $119,348 was collected from the poker-inspired table game.

Halloween Slot Deal For Microgaming - He’s coming back! Microgaming signs licensing deal for horror classic Halloween

New PartyPoker Pro Richard Dubini - A regular player in the Latin American live circuit, Dubini will travel alongside partypoker ambassador Joao Simao to gain feedback from players about partypoker to help optimise both live and online poker for the local players.

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$65k Hit on Bitstarz Slot - Bewitching payout of $64,818 was scooped up by a fearless BitStarz player as he played the popular slot Hansel & Gretel: Witch Hunters, based on the movie with the same name!

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