Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board > Thoroughbred Horse Racing Discussion > General Racing Discussion


Reply
 
Thread Tools Rate Thread
Old 12-02-2021, 05:52 PM   #1
Andy Asaro
Registered User
 
Join Date: Mar 2017
Posts: 4,329
Are ADW's on the way out? Looking like it.

I'm told by someone who has a pretty informed opinion that everything will merge into FanDuel or Draft Kings? Anyone hear something else?

Andy Asaro is offline   Reply With Quote Reply
Old 12-02-2021, 08:03 PM   #2
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 73,655
So CD should expect to get $0 for its sale of TS, since ADWs are on the way out?
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now   Reply With Quote Reply
Old 12-02-2021, 08:08 PM   #3
Andy Asaro
Registered User
 
Join Date: Mar 2017
Posts: 4,329
Quote:
Originally Posted by PaceAdvantage View Post
So CD should expect to get $0 for its sale of TS, since ADWs are on the way out?
One of the people said TwinSpires could fetch $1.5 billion, according to the report, but cautioned that no final decision has been made and Churchill Downs could continue to own the platform.
Andy Asaro is offline   Reply With Quote Reply
Old 12-02-2021, 08:09 PM   #4
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 73,655
Who the hell would pay 1.5B for something that is soon to be "on the way out"
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now   Reply With Quote Reply
Old 12-02-2021, 08:11 PM   #5
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 73,655
And why would TS be looking to sell? According to your insider, they only need to wait until FanDuel or DraftKings comes to them and buys them out, right?
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now   Reply With Quote Reply
Old 12-02-2021, 08:22 PM   #6
the little guy
Registered User
 
Join Date: May 2004
Posts: 6,363
Quote:
Originally Posted by PaceAdvantage View Post
Who the hell would pay 1.5B for something that is soon to be "on the way out"
Nobody is paying anywhere close to that, especially given the terms.

Fanduel already owns TVG so I'm kind of confused to begin with,
the little guy is offline   Reply With Quote Reply
Old 12-02-2021, 08:24 PM   #7
Andy Asaro
Registered User
 
Join Date: Mar 2017
Posts: 4,329
Quote:
Originally Posted by PaceAdvantage View Post
And why would TS be looking to sell? According to your insider, they only need to wait until FanDuel or DraftKings comes to them and buys them out, right?
ADW's as we know them are on the way out. Another large one is being shopped around.
Andy Asaro is offline   Reply With Quote Reply
Old 12-02-2021, 08:50 PM   #8
The_Turf_Monster
Registered User
 
Join Date: Apr 2019
Posts: 426
CDI could cut every ADW and OTB out of the equation except TS for the KD and have a printing press from now until the end of time if it wanted to. Why would it ever sell that?
The_Turf_Monster is offline   Reply With Quote Reply
Old 12-02-2021, 09:52 PM   #9
taxicab
Registered User
 
taxicab's Avatar
 
Join Date: May 2013
Posts: 3,601
Suddenly CD playing nice with TVG.
Same with Nevada books.
Sent out the annoying "Your Feedback Matters ...." E-Mail to their players.
Thinking something is going on.
Yeah....I can see Twin Spires being sold.
taxicab is offline   Reply With Quote Reply
Old 12-02-2021, 10:06 PM   #10
iamt
Registered User
 
Join Date: Sep 2014
Posts: 192
The value isn't in the ADW handle, the value would be the ADW client list.


You already have customers accustomed to betting online, and would be looking to integrate some sports betting into it to make it a one stop shop.
iamt is online now   Reply With Quote Reply
Old 12-02-2021, 10:07 PM   #11
Andy Asaro
Registered User
 
Join Date: Mar 2017
Posts: 4,329
Quote:
Originally Posted by iamt View Post
The value isn't in the ADW handle, the value would be the ADW client list.


You already have customers accustomed to betting online, and would be looking to integrate some sports betting into it to make it a one stop shop.
100%
Andy Asaro is offline   Reply With Quote Reply
Old 12-02-2021, 10:23 PM   #12
Tom
The Voice of Reason!
 
Tom's Avatar
 
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 106,077
$1.5 B for TS???

Maybe then they could afford to hire a programmer who knows how to design a tote board.
__________________
Who does the Racing Form Detective like in this one?
Tom is offline   Reply With Quote Reply
Old 12-02-2021, 10:26 PM   #13
JustRalph
Just another Facist
 
JustRalph's Avatar
 
Join Date: Mar 2002
Location: Now in Houston
Posts: 48,440
Quote:
Originally Posted by the little guy View Post
Nobody is paying anywhere close to that, especially given the terms.

Fanduel already owns TVG so I'm kind of confused to begin with,
Might be tax advantage to splitting them off or giving them the death penalty
__________________
LUKE 22:36
JustRalph is offline   Reply With Quote Reply
Old 12-02-2021, 11:17 PM   #14
The_Turf_Monster
Registered User
 
Join Date: Apr 2019
Posts: 426
Quote:
Originally Posted by iamt View Post
The value isn't in the ADW handle, the value would be the ADW client list.


You already have customers accustomed to betting online, and would be looking to integrate some sports betting into it to make it a one stop shop.
I can only speak for Illinois but CDI owns a casino or at least a significant portion of it. That casino already has a sports wagering app in Illinois. They already have that capability if they want to integrate it
The_Turf_Monster is offline   Reply With Quote Reply
Old 12-02-2021, 11:34 PM   #15
Thrillseeker
Registered User
 
Join Date: Sep 2007
Posts: 4
Yep, twinspires.com/sports is operational in the states that allow sports betting. Pretty sure they own Betamerica and are rebranding to TS sports...
Thrillseeker is offline   Reply With Quote Reply
Reply




Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

» Advertisement
» Current Polls
Is it a good deal for US that FOX now has the Belmont Stakes
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 03:39 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2022, vBulletin Solutions, Inc.
Copyright 1999 - 2021 -- PaceAdvantage.Com -- All Rights Reserved
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.