If You Can't Beat 'Em, Join 'Em
Published: Friday, December 17, 2004 Online-Casinos.com
IF YOU CAN'T BEAT 'EM, JOIN 'EM
Fast about-face with U.S. horse racers
A report this week in the Australian media shows a fast and very practical about-turn by the horse racing fraternity on permitting betting exchanges following the Federal government's refusal to accede to demands that P2P exchanges be banned....
Chris Scherf, VP of the US Thoroughbred Racing Association has called on the organisation to draw up a plan to create an industry-owned betting exchange, adding that there is 'no time to dawdle'.
Speaking during the 31st Annual Symposium of Racing, Scherf said US Racing needed to adopt an "...if you can't beat 'em, join 'em" approach in order to combat what he called, "...unfair competition that rides on the industry's product without financially supporting it." He told fellow TRA members that they should be ready to release a report on the subject early in 2005.
Scherf first posed the betting exchange question several months ago and has been disappointed by the lack of response. He warned the TRA, which comprises 41 racetrack members: "We're just sort of sitting and listening. We may, instead of controlling our fate, just see what happens. …we shouldn't just let this slide. This is something that is vital to all of us."
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