Betfair, the British betting-exchange operator that owns Television Games Network, had a net loss of $101.4 million in the fiscal year 2013, according to the company, a sharp reversal from net income of $52 million posted by the company in fiscal year 2012.
Jim Mulvihill, the former communications and parimutuel marketing manager at Fair Grounds in New Orleans, has been hired as the director of media and industry relations for the National Thoroughbred Racing Association, the NTRA announced Monday.
Richard Kalm has been reappointed to a second term as Executive Director of the Michigan Gaming Control Board, the state’s regulatory body for horse racing.
Keeneland Association announced on Monday that Amy Gregory has been appointed as director of communications, effective immediately.
The Ontario government announced Friday that it would be extending its support of the province’s racing industry by allocating another $30 million to the Horse Improvement Program in 2014 and 2015.
A national medication-policy group has approved a recommendation that states adopt rules that would subject trainers with multiple medication violations to additional suspensions and fines, the group, the Racing Medication and Testing Consortium, announced on Thursday.
Television ratings for the Triple Crown races have been surprisingly resilient even as U.S. handle totals have cratered and national media outlets have heaped scorn on the sport.
The issue of off-track stabling in Southern California for 2014 remained unresolved on Wednesday, nearly two weeks after the California Horse Racing Board urged horsemen’s organizations to find a solution to a problem caused by the closure of Betfair Hollywood Park in December.
Wagering on U.S. races in May was up 3.6 percent compared to betting on U.S. races during the same month last year, while race days declined 1.9 percent, according to figures released on Tuesday by Equibase.
Officials with the California Thoroughbred Trainers sent a proposal to the Thoroughbred Owners of California late Thursday, emphasizing their position that Barretts Racing at Fairplex Park in Pomona, Calif., should have a leading role in off-track stabling in Southern California beginning in 2014.
