New Boss For Online Horse Racing
Published: Wednesday, March 01, 2006 Online-Casinos.com
NEW BOSS FOR ONLINE HORSE RACING
With the WTO dispute in the wings, this could be controversial
Maryland Jockey Club CEO Joe DeFrancis has been tapped for what
could be a controversial appointment - head of electronic operations of the Jockey
Club parent company Magna Entertainment.
Controversial, because this division will oversee all of Magna's interactive betting
channels through a new uber-company called PariMax...and the fact that
whilst the USA ostensibly objects to online gambling on moral grounds and seeks
to ban it in its World Trade Organisation Internet dispute with Antigua,
this could be seen as more hypocracy. Horse racing carve-outs have been highlighted
in the WTO's latest rulings, with which the US must comply by April 3.
Parimax includes XpressBet, a phone and online betting service; HRTV, a horse-racing
television channel; MagnaBet, which offers online betting in several countries;
and RaceONTV, which broadcasts live races from Magna tracks. It also includes
Magna's 30 percent stake in Hunt Valley-based betting systems company AmTote International.
