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Wagering Insecurity: Tote Monitoring In Racing Falling Behind To Bingo Sponsored by:
This is Part 5 of the Thoroughbred Idea Foundation s (TIF) series “Wagering Insecurity.”
Faced with remarkable competitive pressure from the rise of legal sports betting, horse racing is at a crossroads.
Confidence amongst horseplayers and horse owners is essential to the future sustainability of the sport. Efforts to improve the greater North American Thoroughbred industry will fall flat if its stakeholders fail to secure a foundation of integrity, along with increased transparency of the wagering business and its participants over time. Achieving this is growing increasingly difficult after the sport has neglected its core base – horseplayers – for decades.
Gaming technology compliance tester and consultancy, Gaming Laboratories International LLC (GLI), says it has promoted a number of executives, with James Maida, president and chief executive, describing them as “exemplary leaders”.
“Each of them are ready to provide the critical local insights needed for our clients to explore new markets, meet any challenge,” and make GLI “ready to help our clients meet their goals,” added Mr Maida, in prepared remarks in a Tuesday press release.
Christine Gallo becomes senior vice president (SVP) for compliance and quality assurance; and Kevin Mullally becomes senior vice president for government relations, and general counsel.
Wagering Insecurity: Thoroughbred Idea Foundation To Examine Current State Of Oversight Sponsored by:
The Thoroughbred Idea Foundation (TIF) will launch “Wagering Insecurity,” a multi-part series which will examine the current state of oversight of North American Thoroughbred racing and wagering, beginning Tuesday, April 13.
In the aftermath of the infamous “Fix Six” at the 2002 Breeders Cup, the American racing industry pledged millions of dollars to improve the monitoring of pari-mutuel betting and create a central office to oversee wagering security. While plenty was spent, the oversight never materialized. Vulnerabilities still exist, late odds changes impact many races and transparency is nowhere to be found.
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