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Friday, October 12, 2007

You Bet It's a Bad Day!

- New post up at Breederscup.com - it's my Breeders' Cup Top Ten. It also appears as if they are working on enabling a comments section over there, but it ain't operational just yet.

- Thursday was a pretty bad day for Youbet. First, there was a story that the ADW has received a search warrant from the Dept of Homeland Security involving its off-shore rebate shop IRG.

Youbet.com said in the SEC filing that it believes it is not a “target” of the investigation and that the company is “cooperating with the U.S. government in (its) investigation.” [Bloodhorse]
In addition, Thoroughbred Times reports that a consultant for the Breeders' Cup called it "unlikely" that an agreement will be reached to allow the company to accept wagers on the races from Monmouth. This is not, however, related to the company's ongoing dispute with TrackNet Media.
Breeders’ Cup negotiates individual deals with each advance-deposit wagering outlet on its signal. Kirchner expects the Breeders’ Cup to be available to TVG and all of TrackNet Media’s outlets, which include XpressBet, Twinspires.com, Brisbet.com, and AmericaTab. [Thoroughbred Times]
- The racino at Yonkers Raceway celebrated its first anniversary, and the numbers are 90,000 visitors a month and $338.4 million in annual net revenue.
To put some perspective on those totals, in 2004, the last year of pre-casino operations, the raceway welcomed just 115,763 visitors and took in just $99 million in bets on its harness races. [Journal News]
And, there are over 2,000 new machines to come. What was not reported was the daily take per machine, a number which has been lagging for many racinos in the state.

One possible negative, and the kind of thing that the gambling naysayers will jump all over, is a reported increase in one-month emergency rental assistance requests since the raceway opened.

[LATE UPDATE: Shakespeare retired with a tendon injury, ugh.]

8 Comments:

robin said...

As usual, fantastic top ten list... over at BC.

John said...

I agree with Robin and could not register to comment at the BC blog as of Saturday AM.

Teresa said...

Comments at the BC site are now enabled...just left one.

Rob said...

Is it just me or have the Europeans really soured on the Breeders' Cup? Now we hear Passage of Time will run against the Colts in a far more difficult spot in the Champion Stakes as opposed to the Filly and Mare Turf. The Racing Post site is reporting that the European contingent may be the smallest in ten years. Other than Discreet Cat Godolphin is sending no one to the Cup. Part of me dosen't blame them, why pay all the money to ship and enter here when the Hong Kong races will subsidize your travel. The Breeders' Cup needs to address this issue!

case said...

During the 2nd quarter of the Miami vs. Ga Tech game on ESPN, they did an advertisement for the Breeders Cup. After the promo, the annoucers along with Hank Goldberg had a discussion about the races, especially the Classic.

alan said...

case - thanks for that report. That kind of promotion was missing last year until the few days before the races.

Hawken said...

there's a nice link to your breeders cup blog on the front page at ntra.com - congrats on the success

alan said...

Hawken - I went over there and was looking for a little link, and thought I missed it or that you were mistaken until I saw it at the top! That's really cool, thanks for pointing that out!