1/ST Technology Pairs With Bet365

1/ST TECHNOLOGY has partnered with Tier-1 operator bet365 to deliver horse racing to that company's U.S. customers via 1/ST BET, The Stronach Group said in a Wednesday release.

The partnership will power the stateside launch of bet365's Advance Deposit Wagering on horse racing, across web and mobile app channels, in U.S. jurisdictions where ADW is accepted.

“This is a tremendous opportunity to partner with one of the premier brands in sports betting and for 1/ST BET to showcase its best-in-class pari-mutuel horse racing wagering experience to bet365's customers,” said Keith Johnson, Chief Revenue Officer, 1/ST TECHNOLOGY.

The post 1/ST Technology Pairs With Bet365 appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Ferndale Loses Fight in CHRB Race Dates Disagreement

Months of contentious jockeying over whether Ferndale (Humboldt County Fair) should run its second of two weeks of racing at the end of August un-overlapped with its Northern California compatriot, Golden Gate Fields (GGF), ended in defeat for the small rural track.

In a 5-1 vote during Thursday's California Horse Racing Board (CHRB) meeting, the board decided that during the week running Aug. 23 to Aug. 29, Humboldt and GGF would field simultaneous race meets.

Ferndale will run the first of two scheduled weeks of racing this year, from Aug. 16 through Aug. 22, un-overlapped.

In what has been framed as a David versus Goliath fight, proponents of Ferndale had advocated for un-overlapped race dates as a financial lifeline for a small fair track that plays both a vital role in the local economy and provides a unique draw for new players into the sport.

GGF has had in its corner the likes of the Thoroughbred Owners of California (TOC) and the California Thoroughbred Trainers (CTT), who argued in support of the San Francisco facility's position as an important economic driver for the state's horse racing industry as a whole.

Given how this same debate has become something of an annual slugfest, CHRB vice chairman Oscar Gonzalez–the sole commissioner to vote in Ferndale's favor after a recent scouting trip to the town–proposed a compromise during the vote tally to help assuage ongoing uncertainty.

“What if we went to a rotation where one year is overlapped the second week, and the other year it goes un-overlapped,” said Gonzalez. “So, essentially, 2023 we would allow for two-weeks of un-overlap. 2024, we go back to the second week being overlapped.”

That proposal, however, garnered no traction–at least for now.

ADW Monies for 2023 HISA Payment

The CHRB voted to use in-state Advanced Deposit Wagering (ADW) monies otherwise earmarked for purses and commissions to cover California's 2023 fee assessment for the Horseracing Integrity and Safety Act (HISA), which amounts to roughly $1.6 million.

The assessment was originally supposed to be around $6.7 million for the year. But because California has agreed to continue performing many of the duties inherent in the law's drug control program–like the collection and testing of samples–HISA has offered California roughly $5.1 million in credits.

As it currently stands, the HISA law covers only Thoroughbreds and not Quarter Horses. CHRB executive director Scott Chaney confirmed when asked that mixed races at Los Alamitos Racetrack between Thoroughbreds and Quarter Horses will not fall under HISA's jurisdiction.

Inclement Weather Policy

The agenda item with arguably the most salience for the horsemen concerned the inclement weather policy the CHRB adopted a couple of years ago in the aftermath of the 2019 Santa Anita welfare crisis, when a rash of fatal breakdowns were attributed to an exceptionally rainy winter, necessitating the track to be frequently sealed.

In short, there remains a perception that horses that work or race immediately after a track is unsealed are at a higher risk of injury–a possible correlation currently being studied by researchers at U.C. Davis.

Right now, once a sealed surface has been opened up, the current policy permits no high-speed workouts for 24 hours, though does allow for everything up to a gallop.

During this winter's volley of storms that have lashed California, the CHRB's inclement weather policy has led to a highly disrupted training and racing schedule for trainers.

“I think it's fair to say that we've received an inordinate amount of rain this year, and so I think it has, shall we say, strained the limits of the inclement weather policy,” admitted Chaney.

According to CHRB equine medical director Jeff Blea, Thursday's meeting provided an opportunity to discuss possible modifications to the policy, with the idea of proposing more concrete rule changes in the future.

Blea outlined a bifurcated proposal whereby for the first 24 hours after a track has been opened up, horses are permitted to jog only.

“The reason for that is, we feel the track is safe for training, but we feel as a matter of safety to reduce the amount of concussion and bone remodeling events that would occur during galloping to limit it to jogging,” said Blea.

According to Blea, for the subsequent 24 hours of the 48-hour period following the opening of a sealed racetrack, horses could be permitted to gallop or breeze as per the discretion of the track superintendent, CTT representation and Blea himself.

“For the second 24 hour of the 48-hour period, we discussed leaving that to jogging only,” said Blea. “But we landed on the conclusion that the determination would be made at the recommendation of the track superintendent in conjunction with myself and the CTT to determine whether the second day after the opening of the seal, we allow jogging or whether we allow them to gallop or even possibly breeze.”

“The decision would depend upon how much water has accumulated in the previous rainstorm, correct?” asked CHRB chairman Greg Ferraro.

“That decision would depend upon how much water occurred during that event, when they were able to get the track sealed, what the track looks like when it's open, how deep they can cut it to ensure there's a safe and consistent base to it,” replied Blea.

Blea confirmed that this policy would apply to both the main track and the training track at Santa Anita. The proposed changes pertain only to training, with no possible modifications to the inclement weather policy proposed at this time for racing.

The post Ferndale Loses Fight in CHRB Race Dates Disagreement appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Thoro-Graph Sues NYRA Over Disputed $333K in ADW Partnership

A business partnership between performance-figure provider Thoro-Graph, Inc., and the New York Racing Association (NYRA) that had been billed as a “win-win-win” deal for the two parties and advance-deposit wagering (ADW) customers when it first launched in 2017 has gone sour, resulting in a lawsuit filed in New York State Supreme Court.

According to the civil complaint, Thoro-Graph is suing both NYRA and its NYRA Bets ADW platform over the alleged non-payment of at least $333,000 that Thoro-Graph believes is its rightful cut for incentivizing horseplayers to become NYRA Bets customers via a free, membership-based portal called Thoro-Graph Player Services (TGPS).

Thoro-Graph claimed in its complaint that its portal grew NYRA's betting handle by $100 million over a roughly five-year span, “solely through the joint venture resulting in $3 million in revenue” for NYRA.

When the alignment between the two entities was first announced in 2017, the deal was billed as giving Thoro-Graph an ADW partner, while NYRA Bets got a valuable pipeline of new customers.

Horseplayers would benefit too, a TGPS executive explained at the time of the launch, because they would get access to “concierge-level support,” volume-based wagering rebates, on-track visitation amenities and discounts on Thoro-Graph handicapping products.

But according to the lawsuit, “Defendant NYRA failed to perform its part of the bargain [by allegedly not paying] Plaintiff its full 50% share of its Net Revenue,” wrote Karen Murphy, the attorney for Thoro-Graph, in the Dec. 19, 2022, filing.

“That breach has resulted in hundreds of thousands of dollars in losses to date and has impacted the value of Plaintiff's corporation resulting in additional lost profits to Plaintiff,” the complaint stated.

The filing stated that the dispute involves how net revenues are calculated: “Plaintiff is entitled to its full 50% share of defendant NYRA's revenue that is generated from the handle wagered on NYRA races by non-New York residents and paid to defendant NYRA. In failing to do so, defendant NYRA is in material breach of its core financial obligation to pay Plaintiff its full revenue share under the terms of the joint venture.”

The complaint contended that Thoro-Graph attempted “good faith settlement efforts” to square up the purportedly mounting non-payments, including making a written demand for the money on June 13, 2022, and a meeting with NYRA representatives to discuss the issue.

“[NYRA's] response was to intimidate Plaintiff with the threat of termination of the joint venture and not to address the failure to pay Plaintiff its full 50/50 share,” the complaint stated.

NYRA then followed through with a letter Dec. 12 giving a 180-day notice of termination of the partnership. That action, in turn, led to Thoro-Graph's lawsuit one week later seeking “compensatory damages which are no less than $500,000 [and] estimated additional damages for the remainder of the term of the existing Agreement.”

The court has set a Feb. 10 date for the defendants to file a reply. TDN asked a NYRA spokesperson if the racing association or NYRA Bets wished to comment prior to that filing, and also asked how the termination of TGPS might affect horseplayers who use the portal.

“NYRA will honor the terms of confidentiality agreed to by the parties involved and reply to the court by Feb. 10. This contractual dispute does not and will not impact NYRA customers,” Patrick McKenna, NYRA's vice president for communications, wrote in an email.

The “Termination for Convenience” letter that NYRA served Thoro-Graph is scheduled to become effective June 10.

“That notice of termination has now been issued solely because Plaintiff made it clear it would proceed with legal efforts to protect its rights under the Agreements to receive its full share of compensation,” Thoro-Graph's complaint stated.

“Plaintiff performed its obligations under [the contracted terms] by maintaining its website as 'best in class' and offering free and reduced priced Thoro-Graph data which has resulted in NYRA Bets signing up over 1,700 horseplayers. This was accomplished by Plaintiff without any marketing assistance from the NYRA Parties…” the complaint stated.

“In 2017, Plaintiff grew the handle of defendant NYRA Bets by $3.1 million,” Thoro-Graph's court filing stated. “In 2018 Plaintiff's contribution was $10.7 million; in 2019 the contribution went to $15.3 million; in 2020 the contribution was $22.7; in 2021 the contribution reached $24 million; [At the time the Dec. 19 lawsuit was filed] Plaintiff's contribution [was] on track to reach $25 million making the total added handle over $100 million.”

Drilling the alleged non-payment issue down further, the complaint stated that NYRA's deduction of an “import host fee” from the net revenue calculation is a chief bone of contention.

The complaint put it this way: “To be clear, what defendant NYRA is claiming is an “import host fee” is simply money RECEIVED by NYRA Bets solely as a result of “Qualifying Wagers” by non-New York residents on NYRA CONTENT and then passed on to and RECEIVED BY DEFENDANT NYRA AS REVENUE.”

Attorney Murphy, when reached by the TDN, said, “For now, we will let the complaint speak for itself. We will have more to say after NYRA's response.”

The post Thoro-Graph Sues NYRA Over Disputed $333K in ADW Partnership appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

After Probe over Unlicensed Operation, Twinspires Exits New Hampshire

Five months after New Hampshire gambling regulators and the state's attorney general disclosed that they were investigating the TwinSpires advance deposit wagering (ADW) platform over concerns that the Churchill Downs, Inc. (CDI)-owned entity has operated for years without being explicitly licensed there, TwinSpires is ceasing operations in the Granite State.

Back in April, Charlie McIntyre, the executive director of the New Hampshire Lottery, which regulates all forms of gambling in the state, told WMUR-TV that “They're not regulated by us, nor do they operate on any confines of state law…. It's a concern for us, obviously, because all other gambling in the state happens through us-either we license it, or we regulate it. In this case, neither.”

At that time, McIntyre estimated the amount of lost revenue because of TwinSpires not giving the state a cut of its betting business at “hundreds of thousands of dollars.”

McIntyre continued: “They've been doing it for a number of years, and so it's a significant amount of money.”

TwinSpires customers in New Hampshire began receiving emails Sept. 29 informing them that “TwinSpires has elected to cease operation of its ADW Platform for Horse Racing in the state of New Hampshire.”

The email stated that TwinSpires will take wagers from New Hampshire residents on races conducted through Nov. 5th, the concluding day of the Breeders' Cup championships.

After that, the email stated, “Wagering will be suspended on Nov. 6th, and Players will have until Nov. 21 to withdraw funds from their account.”

A Friday afternoon query to Tonya Abeln, CDI's vice president of corporate communications, did not yield a reply prior to deadline for this story.

Nor could McIntyre be reached Friday afternoon to get the lottery commission's perspective on the TwinSpires pullout.

Back in April, CDI officials told the gaming news site casino.org that TwinSpires was “legal and compliant with the federal Interstate Horse Racing Act.”

A FAQ page provided in CDI's email to New Hampshire customers cited non-specific “regulatory changes in New Hampshire” as the gaming corporation's reason for vacating the state.

“As of right now we do not know what the future holds for TwinSpires as an ADW Platform for Horse Racing in New Hampshire but we are hopeful to serve you again soon,” the FAQ page stated.

In April, McIntyre told WMUR-TV that he had approached CDI about resolving the issue, but that “nothing has happened yet.”

New Hampshire no longer has live pari-mutuel racing of any breed. Thoroughbred racing ceased at Rockingham Park in 2002, and harness racing ceased there in 2009. The state had three greyhound tracks operating at the start of the 21st Century; two of them stopped racing before dog racing was banished in New Hampshire in 2010.

The post After Probe over Unlicensed Operation, Twinspires Exits New Hampshire appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Verified by MonsterInsights