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[Charlie D]

Exchange Wagering was specifically mentioned in the CHRB news release dated April 16, 2010

http://www.chrb.ca.gov/press_release...ss_release.pdf

Chairman Brackpool and Commissioner Choper reported on the previous day’s meeting of the Legislative Committee, Chairman Brackpool reiterated that the purpose of these continuing meetings with the industry and the public is to agree on "one piece of major legislation that could promote the industry." He said he had conversations as recently as that morning with the offices of the Governor and the Speaker of the Assembly, who are supportive of horse racing and "are expecting a piece of legislation to come out of this group." He suggested pursuing legislation that would have a reasonable chance of approval by the full Legislature and he cautioned against anything that would encounter fierce opposition, such as slots at racetracks. Commissioner Choper said the goal is to achieve "a substantial increase in the handle," and that some proposals have "a greater chance of making it through the Legislature than others." He said one of the more significant proposals is for the introduction of exchange betting in California. "We’re going to get some new data on that," said Commissioner Choper, including demographics on exchange bettors in Great Britain, to provide assurances that exchange betting typically involves "a different class of people (and) would not cannibalize existing betting all that much."