Carve Outs In UIGEA Means Racetracks Can Offer Online Gambling To Non-US Citizens
23 May 2007
Bob Evans, CEO of Churchill Downs, told a group at their business luncheon that Churchill Downs and the Kentucky Derby could be the ‘new online casinos in the future catering to non-US citizens’.
Mr. Evans said his company is allowed to have an online presence because of the exemption for Internet horse wagering put in the UIGEA. He emphasized his company would be allowed to offer casino and gambling games outside of horse racing if they offered them to non-US citizens.
“Given the fact that the Kentucky Derby (and) Churchill Downs… are world renowned brands, why wouldn’t we use those brands to enter into businesses that are outside our traditional core of thoroughbred racing,” Evans said.
These comments are inflammatory, given the US stance on the WTO ruling which sided against the US and in favor of Antigua. The US response to that ruling was to say they never intended to include gambling in the fair trade agreement, that they hold their position that online gambling is morally wrong and is not a service available to anyone in the US therefore not a reciprocal trade item.
Great Britain should be up in arms! The US has almost single-handedly destroyed the legal gaming sector in the UK, put hundreds of people out of work, confiscated millions of dollars in customer and company funds, arrested its citizens operating lawfully in the UK and this twit tells a business group that they, a US corporation, can legally operate a casino in the UK if they want to due to the carve outs awarded them in the UIGEA.
Your move, England.
15 March 2011TwinSpires Spurs Growth of Churchill Down
Churchill Downs, the race track and gambling company based in Louisville released its fourth quarter results today and showed that it is shifting away from horseracing and there online gambling site Is leading the way.Though results for the quarter were a net loss but it was sufficiently smaller than the same quarter year to date. Net earnings were down for the year by 3% and earnings from racing operations were flat for the year. The growth came from TwinSpires.Read full article
04 September 2013Churchill Downs Considering Expanding Online Offerings; 50 new $100K jobs possible
According to the Courier-Journal.com, Churchill Downs Inc is thinking outside the track when it comes to its online wagering potential. The 138-year-old race track that began the tradition of the Kentucky Derby recently received approval and tax incentives from the Kentucky Economic Development Finance Authority to add up to 50 employees as part of a $4 million expansion. The jobs would be contingent on state or federal government approval of online gambling.Read full article