When I look back, it's amazing how many groups you had to talk with, get approvals from, and all the rest. But lo and behold, millions were raised and spent, a new mill was built, and about 150 new people were given high paying jobs within a year.
If we look at yesterdays CHRB meeting on exchange wagering at Los Alamitos, we see exactly how much different it is in racing. The track is hurting badly more than ever (despite the takeout increase in 2010 that some thought would 'cure all ills') and they want to try and jumpstart it with exchange wagering. The wagering provider (Betfair) is also game to give it a whirl. It looks like an easy peasy time for a test case, and they've been doing due diligence and talking about it for more than two years.
Unfortunately this is a case study in why racing is stuck where it is. Despite all that it was delayed even further yesterday.
- By a 5-1 vote at Betfair Hollywood Park, the CHRB kicked back a series of 25 proposed regulations governing exchange wagering to its pari-mutuel wagering committee, where suggested changes in the new rules will be given further examination.
- The Thoroughbred Owners of California has announced it will not vote on exchange wagering until next year
- Other speakers objected to portions of the rules in large measure because they felt they were vague and open to varying intepretations.
- Yes, we believe that to put a system where you bet on a horse to lose is a system that has integrity issues," said Richard Specter, an attorney representing the racing associations that operate racing at Santa Anita Park and Golden Gate Fields.
- Scott Daruty, also from the Los Angeles Turf Club and Pacific Racing
Association, part of The Stronach Group, objected because exchange
wagering under the proposed rules is limited to Internet bets.
- The Los Alamitos Quarter Horse Racing Association also sought approval to amend its current license