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Churchill Downs to acquire 25 percent of Saratoga Harness Racing
Friday August 1,2014 : INTERNET IMPLICATIONS IN C.D.I. DEAL WITH SARATOGA
By acquiring a 25 percent stake in harness racing firm, Churchill Downs could receive online gambling advantages.
Speaking to Kentucky.com Thursday about a pending deal to acquire 25 percent of Saratoga Harness Racing Inc., executives from Churchill Downs said the agreement carried with it valuable online gambling advantages.
Churchill CFO Bill Mudd said the deal includes a management contract for land casinos in New York and Colorado, and is "strategically important because provides it provides CDI with an option in internet gaming in tow states, should [the pastime] be legalised."
Churchill Downs has recently ramped up its internet gaming division, spending millions on an in-house developed platform (see previous InfoPowa reports) as well as attempting to buy into an Atlantic City casino to gain access to the New Jersey online gambling market.
The company has also invested in an online poker presence, although it does not presently offer online poker, and operates a bingo-type online game that offers players real money rewards, called Luckity.
Bill Carstanjen, Churchill Downs Inc. president and chief operating officer said that the company believes the deal with Saratoga Harness has the potential for internet gambling. "It wasn't the driver but is always something we look for in the mix," he said.
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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