The Kentucky Derby shows its thorns
With only one week left
to the Run for the Roses, some casinos may miss on the betting
action of the Kentucky Derby.
Churchill Downs has
announced that it will exercise its right to deny out-of-state
broadcasting to the 10 Oklahoma Indian tribe casinos. The
decision was taken to punish the Oklahoma casinos for stopping
the compensations to Oklahoma horsemen for bets on simulcast
According to the attorney
for Choctaw Racing Services (the company distributing the
simulcast from the Kentucky Derby in Oklahoma), Jerry Levine,
there must be a mistake, because they have paid all that it's
due to the local horsemen. He continues that all the necessary
information has been relayed to the Kentucky horsemen and
hopefully they will come to a positive conclusion.
The famous Kentucky
Derby, also called "the Run for the Roses", is the most popular
Grade 1 thoroughbred horse race, and the 133rd Kentucky Derby
will take place on May 5th at the Churchill Downs racetrack in
Louisville, Kentucky. The Kentucky Derby, with a purse of $2
million, is the first leg of the Triple Crown of Thoroughbred
Racing in the USA.
Earlier this week, the
online horse racing betting website YouBet (NASDAQ:UBET) came
out with a press release which underlined the possibility that
its customers may not be able to bet on the popular race, due to
unacceptable contract conditions offered by its content supplier
- TrackNet Media, a joint venture of Churchill Downs and Magna
Entertainment. On the next day, however, an announcement
was made that YouBet has extended its contract with Churchill
Downs Inc. until 2010.
The 133rd Kentucky Derby
will start on May 5th 2007 at 6:00pm.