Simulcast Agreement

The simulcast signal was disabled earlier this month, after riders who participated in lengthy contract negotiations with Belterra decided not to renew an export authorization agreement that expired at the end of August. Officials with Belterra Park and the Ohio Horsemen`s Benevolent and Protective Association have agreed on a three-year contract that will lead to the resumption of the simulcasting of the Cincinnati, Ohio circuit on Tuesday. “The percentage (of the casino`s revenue) paid to the riders was set by the race commission by dissolution, but the way it was distributed was done without agreement,” said Basler, who said the amount in question was $9 million a year. “The process has really bogged down in recent months, and we thought it might take time for the next few months.” With no simulcasting or advance betting and extremely limited bets on the spot, the handle crashed at Belterra. The first seven cards of September have on average only $ 29,229 in pari-mutuel betting compared to $ 874,261 in the last live program in August. “Our Board of Directors has approved a new contract with Belterra that we are entering into today,” said Dave Basler, Executive Director of the Ohio HBPA. “I expect approval by Monday night and the signal should be back tomorrow.” Basel said the two parties entered into a contract for the former River Downs circuit from the 1990s, which preceded both casino betting in Ohio and the replacement of River Downs by Belterra. Changing ownership of the circuit casino – now part of Boyd Gaming – made the process more difficult, Basel said. The 2019 Belterra Park game will end on October 9 and the race is expected to resume in April 2020. Basel said the contract and export license both run until December 2023. . .

Leave a reply