No agreement yet between Golden Gate and Northern California's satellite wagering network

The California Horse Racing Board is scheduled to discuss an unresolved financial issue between Golden Gate Fields and the Northern California satellite wagering network and the leading horsemen’s organization at its monthly meeting July 12 at Los Alamitos.

Last month, the racing board gave conditional approval for Golden Gate to race for six weeks, from Aug. 23 to Oct. 1, provided the racetrack agreed to terms on revenue sharing with the satellite network and reached a horsemen’s agreement with the Thoroughbred Owners of California.

The racing board gave Golden Gate Fields a deadline of Monday to complete those negotiations. Tuesday, the racing board issued a statement indicating that no agreements were in place but that “the parties have advised the CHRB of significant progress toward that goal.”

Golden Gate Fields officials have said they want to break away from a decades-long arrangement of sharing betting revenue with the satellite network and develop an alternative system of betting “cafes,” where customers can place bets that would be treated as account wagers.

The Stronach Group, the parent company of Golden Gate Fields, operates XpressBet, an account-wagering company.