Officials at Magna Entertainment Corp. have told the Thoroughbred Owners of California that the company's account-wagering business, XpressBet, has stopped offering rebates to customers, representatives of the owners' group said Monday.
The owners received the assurance on Saturday during a meeting at Santa Anita with Magna's CEO, Jim McAlpine. The owners' group requested the meeting after it had asked Magna to stop awarding rebates through XpressBet because of concerns over the financial impacts of the practice.