bwin Betting

This month the leadership of Churchill Downs Racetrack has changed hands for the 13th time in its 134 year history.  Kevin Flanery has been named president of Churchill Downs racetrack in Louisville, KY.  The racetrack is home of the infamous Kentucky Derby and is part of the larger corporation, Churchill Downs Incorporated (CDI).  CDI is headquartered in Louisville, Kentucky and owns and operates four racetracks in Florida, Illinois, Kentucky and Louisiana. Churchill Downs has recently widened their betting horizons by participating in betting options like tele-betting, offsite betting and other new and innovative methods to bet.

Flanery takes the reign of the legendary racetrack during an interesting time in horseracing history.  The Kentucky Horse Racing Commission along with Kentucky horseracing tracks have heavily proposed legislation to legalize the addition of Video Lottery Terminal gambling at the state’s horserace tracks.  Flanery worked on a campaign in 2008 to permit Calder Race Course, CDI’s racetrack in Miami, to operate slot machines.

Last month, Kentucky legislators did not allow the topic of expanding gambling to legalize VLT’s at Kentucky horseracing tracks.  On break for the summer, Kentucky lawmakers won’t bring the topic back up for discussion until at least September 2009.  There are eight horseracing tracks in the Commonwealth of Kentucky that will be affected by this legislation.

Video Lottery Terminals are the new thing in betting. They are similar in appearance to video poker slot machines. People are able to place bets for random amounts of money on these machines on horse races. Although it may seem that the machine operators could lose large amounts of money; if betters are lucky, there is a way to control the amount of payouts that the machine gives out.

Racetracks are suffering due to the downturn in the economy.  People want to hang onto their money for fear of job loss and other economic issues.  Racetracks in Kentucky, as well as those across the country, are seeing fewer gamblers and the ones they’re seeing are making smaller bets.  Some fear that due to reduced attendance and reduced wagering, horserace tracks in Kentucky may close if not allowed to offer video slot and poker machines.  Indiana has already passed legislation to allow expanded gaming at their horserace tracks and Ohio has set the topic for discussion in 2010.  Kentuckians fear that a great deal of money will be lost to those two surrounding states and put Kentucky at a competitive disadvantage if  Kentucky racetracks aren’t allowed to add VLT’s.

Flanery grew up near Churchill Downs in Louisville, Kentucky and is grateful to assume this role back home.  CDI believes that Flanery will being about the necessary change to drive horseracing into the future.

The 136th run of the Kentucky Derby will take place at Churchill Downs on May 1, 2010.  The track’s 2009 competition has been put on the calendar for Nov. 1-28.  It is sure to be an exciting horse racing season at the track.

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