Tag: The Biz

On Track Thoroughbred Solutions announces the debut of its Compliance Center, a turn-key stable management program designed to simplify HISA compliance for trainers.

The On Track Compliance Center serves as a centralized platform for trainers and their staff to store, manage, and track information about their horses' treatments, therapies, soundness, and vaccines, as well as securely store documents, such as Coggins. The On Track Compliance Center also maintains information related to an operation's stables and contacts. Users can assign contacts, such as veterinarians and owners, to horses and stables to keep their information well-organized and readily accessible. The tasks function allows users to assign tasks to staff, set reminders for future events, and create a to-do list that connects information about a horse, stable, or contact to an upcoming task.

Developed by an attorney with experience in the racing industry, the On Track Compliance Center is also designed to fulfill a Responsible Person's record keeping obligations under the HISA rules while keeping in mind the needs of horsemen and women. According to HISA regulations, trainers must maintain treatment and medication records and make them available if requested by HISA, stewards, or regulatory veterinarians. The On Track Compliance Center generates HISA-compliant reports that pull only the information required under these regulations, taking the guesswork out of HISA audits. The Compliance Center also generates HISA-compliant Claiming Reports that can be easily shared with a horse's new connections.

To promote administrative ease, On Track is building an integration with HISA that gives trainers the option to import data from their HISA portal to their On Track account and send information from the On Track Compliance Center to HISA. Trainers will have control over what information to send to HISA, allowing them to use the On Track Compliance Center to its full extent as a private stable management tool, while also enjoying the time-saving benefits of streamlined data entry.

With an intuitive interface that can be accessed on a desktop, tablet, or phone, the On Track Compliance Center is a practical and easy-to-use solution that addresses the needs of today's racing stables. On Track is committed to providing the racing industry with the knowledge and resources it needs to successfully navigate a complex regulatory landscape.  To learn more, visit ontracktbs.durable.co or contact us at info@ontracktbs.com.

The post On Track Compliance Center Offers Solution To Horsemen For HISA Regulations appeared first on Horse Racing News | Paulick Report.

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Over the past several days, the Horseracing Integrity and Safety Authority (HISA) has undertaken multiple measures to better understand the circumstances surrounding the recent spate of equine fatalities at Churchill Downs in hopes of working with the Kentucky Horse Racing Commission (KHRC) and Churchill Downs to mitigate additional risk to the horses and riders competing at Churchill Downs moving forward.

On Tuesday, May 30, HISA convened a Veterinary Summit with its counterparts at Churchill Downs and the KHRC to thoroughly review all veterinary information available and conduct additional analyses. Those discussions continued through yesterday with ongoing engagement between the veterinary teams.  Specifically, the Summit included robust discussion of three different points of intervention with regard to racing injuries: 1) injury management, 2) preventing at-risk horses from racing via veterinary scrutiny, and 3) preventing at-risk horses from entering.

The dialogue was productive and conclusions from the Summit have been shared directly with key stakeholders to inform next steps. While no obvious or specific pattern emerged, HISA welcomes Churchill Downs' efforts announced earlier today to minimize risk of equine fatalities and is implementing the following additional measures:

1. Effective with Saturday's entries, HISA's Director of Equine Safety and Welfare will conduct an additional layer of post-entry screening. HISA's rule 2142 (Assessment of Racing Soundness) requires post-entry screenings of previous pre-Race inspection findings of entered Horses to identify Horses that may be at increased risk for injury. The review includes past performances, lay-ups (more than 60 days without a timed Workout or Race), last 30 days medical history, previous injury and lameness diagnostics, intraarticular corticosteroid injections, previous surgery and other individual Horse risk factors.
2. HISA has directed the Horseracing Integrity and Welfare Unit (HIWU) to collect blood and hair samples for all fatalities involving Covered Horses. The results from such collections will be used to facilitate investigations into the cause of such fatalities. The data collected by HIWU in connection with Covered Horse fatalities will also be used to track relevant statistics and trends in connection with fatalities.
3. HISA has appointed Dr. Alina Vale, an equine forensics specialist, to conduct an additional thorough review of all necropsies performed on Covered Horses. Dr. Vale has conducted several postmortem reviews as an official veterinarian for the California Horse Racing Board, including participating in the review following a spate of equine fatalities at Santa Anita in 2019.

Additionally, Dennis Moore began his analysis of Churchill Downs' racing and training surfaces yesterday. That review is ongoing; Moore's conclusions will be shared publicly once his review is complete.

HISA continues to urgently seek additional answers to more clearly identify the causes of these recent fatalities as well as tangible interventions to prevent them in the future. All options remain on the table, and HISA will continue to vigilantly monitor events at Churchill Downs moving forward.

The post HISA To Conduct Additional Post-Entry Screening At Churchill; Equine Forensic Specialist To Conduct Fatality Review appeared first on Horse Racing News | Paulick Report.

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Churchill Downs Racetrack announced Thursday new safety initiatives and precautionary measures following a special meeting between track officials and horsemen based at Churchill Downs and Trackside Training Center Louisville.

The Thursday morning meeting included a presentation by California-based equine surgeon Dr. Ryan Carpenter, who provided educational information and tools to trainers and practicing veterinarians about advanced interventions that can be considered for certain equine injuries.

“The attending veterinarians and trainers at Churchill Downs are incredibly capable and knowledgeable,” said Dr. Will Farmer, Equine Medical Director for Churchill Downs Incorporated. “We feel a duty to provide the latest information on surgical interventions from an expert who experienced the challenges in California a few years ago that we currently face today. Any decision must be made first and foremost with the long-term well-being of the horse in mind. It is imperative that all available, educated and informed options can be efficiently, confidently and thoroughly relayed to the owners.”

Additional Churchill Downs initiatives announced at Thursday's meeting included:

· A pause of track-based incentives such as trainer start bonuses and purse pay-out allocations to every race finisher through last place. Purse pay-outs will now be limited to the top five finishers. Churchill Downs is engaged in ongoing discussions with horsemen to determine ways to reallocate these funds to best serve industry needs;

· Restricting the number of starts per horse to four starts during a rolling eight-week period;

· Ineligibility standards for poor performance. Horses that are beaten by more than 12 lengths in five consecutive starts will be ineligible to race at Churchill Downs until approved by the Equine Medical Director to return.

These additional initiatives will go into effect immediately.

ABOUT CHURCHILL DOWNS RACETRACK

Churchill Downs Racetrack (“CDRT”), the world's most legendary racetrack, has been the home of The Kentucky Derby, the longest continually held annual sporting event in the United States, since 1875. Located in Louisville, CDRT features a series of themed race days during Derby Week, including the Kentucky Oaks, and conducts Thoroughbred horse racing during three race meets in the Spring, September, and the Fall. CDRT is located on 175 acres and has a one-mile dirt track, a 7/8-mile turf track, a stabling area, and provides seating for approximately 60,000 guests. The stable area has barns sufficient to accommodate 1,400 horses and a 114-room dormitory for backstretch personnel. CDRT also has a year-round simulcast wagering facility. www.ChurchillDowns.com.

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Experiential Squared (E2), parent company to the popular global racehorse ownership platform, MyRacehorse, today announced a $7 million funding round. The funding round is comprised of several investors led by 1/ST, North America's dominant Thoroughbred racing and gaming company, through its 1/ST RACING & GAMING and 1/ST TECHNOLOGY business divisions. 1/ST RACING & GAMING operates many of the premier racetracks in the United States including Santa Anita Park, Gulfstream Park, Laurel Park, Golden Gate Fields and Pimlico Race Course. 1/ST TECHNOLOGY is horse racing's largest technology company with a portfolio of products and services encompassing 1/ST BET, Xpressbet and AmTote International, world leaders in pari-mutuel and ADW technologies.

Launched in Los Angeles, California in 2018, MyRacehorse has operated on the simple premise of making racehorse ownership easy to try and accessible to a broader audience. Racehorse ownership is an aspiration for millions, but due to high barriers to entry, antiquated securities laws and lack of technology, ownership was previously unattainable for the vast majority.

Using the MyRacehorse app, prospective owners can review, analyze and purchase a fractional share in their desired racehorse for a single one-time payment of as little as $100. The app serves as the primary platform to follow the journey of racehorse ownership via updates from the trainer, jockey and analysts, with direct and instant payouts of prize money.

The platform currently boasts more than 50,000 active owners and 100 active horses who have won over 160 races worldwide with earnings in excess of $20 million. MyRacehorse is predominantly focused on the United States and Australia and has recently expanded to the United Kingdom and Ireland.

“This is the ultimate strategic partnership; having 1/ST RACING & GAMING and 1/ST TECHNOLOGY as the lead investors not only provides us the capital to accelerate growth, but the strategic assets and access to enhance the ownership experience for our 50,000 plus racehorse owners,” said Michael Behrens, Founder and CEO of Experiential Squared and MyRacehorse. “1/ST RACING & GAMING and 1/ST TECHNOLOGY are progressive leaders in all aspects of Thoroughbred racing and have been supportive of MyRacehorse since the beginning. The partnership affirms 1/ST's commitment to growing ownership and further immersing fans in our sport.”

“1/ST's mission to introduce and engage the next generation of fans and owners in innovative and entertaining new ways aligns perfectly with the MyRacehorse concept,” said Aidan Butler, Chief Executive Officer, 1/ST RACING & GAMING. “The ability to become an owner of a Thoroughbred racehorse and to be part of an ownership experience that until now has been inaccessible for many, is truly exciting. We have seen firsthand the success of MyRacehorse and we look forward to helping scale this platform across racing, wagering and beyond.”

The core of the E2 business is a proprietary technology platform that manages compliance, owner experience, content, investing, and financial and tax reporting. E2 operates within global securities regulations to securitize its racehorses, enabling the development of the first truly legal and compliant global racehorse ownership platform serving both accredited and non-accredited investors. Over the last four years, E2 has built a robust and scalable platform to handle scale, and now is focused on feature development, including a move to the blockchain and the launch of a secondary market so owners can trade their shares. This will bring newfound liquidity to a previously highly illiquid industry.

Both MyRacehorse and 1/ST are deeply committed to the well-being of Thoroughbreds after racing, contributing charitable donations to several aftercare organizations and actively participating in the safe transition and long-term placement of retired Thoroughbreds globally.

Legendary businessman Mr. B. Wayne Hughes recognized the early opportunity in the platform investing in seed round funding to become an active partner with his stallion and breeding operation, Spendthrift Farm. “Without the partnership of Mr. Hughes and Spendthrift Farm, we would have never achieved the rapid success that we have,” said Behrens.

Recently, E2 began the process of seeking strategic investors to help the business accelerate its growth with a focus on diversifying into other sports and assets.

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