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Old 12-03-2021, 05:05 AM   #16
Andy Asaro
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Originally Posted by Thrillseeker View Post
Yep, twinspires.com/sports is operational in the states that allow sports betting. Pretty sure they own Betamerica and are rebranding to TS sports...

Interesting. Think we'll hear more about this in the coming days.

The article starts off saying "Churchill Downs Inc. is exploring options that include a sale of its TwinSpires Racing wagering platform, Bloomberg reported.".

Last edited by Andy Asaro; 12-03-2021 at 05:06 AM.
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Old 12-04-2021, 10:56 AM   #17
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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 agree.

The value is in both, but the idea is to create greater value for the sports side with that customer list. I have no idea what that value would be, but maybe we are going to find out.
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Old 12-04-2021, 11:04 AM   #18
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This is an interesting issue in my mind.

I’ve always felt that each major track should probably try to have its own betting platform to maximize profits on its own product, but the flip side is that it doesn’t make a ton of sense to have a LOT or betting platforms.
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Old 12-04-2021, 11:20 AM   #19
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i never heard anything about Twinspires selling their ADW, but there have been rumors of Stronach looking for buyers.

to me, it doesn't make too much sense for Churchill to sell its ADW, they look pretty well-positioned to open up sports gambling in different states. if they are that aggressive about it, i would question why they would want to give up something that gives them an edge on the other sports betting company's. the ADW gives them a great first step to incorporate a horseplayer and make him a sports player as well.
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Old 12-04-2021, 12:31 PM   #20
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Originally Posted by classhandicapper View Post
This is an interesting issue in my mind.

I’ve always felt that each major track should probably try to have its own betting platform to maximize profits on its own product, but the flip side is that it doesn’t make a ton of sense to have a LOT or betting platforms.
I've always believed the more choices offered in the marketplace - the healthier the game is overall - and the better things are for all concerned - tracks, horsemen, and customers.

I've always thought independently owned tracks such as Fonner Park, Hawthorne, Oaklawn, and Remington, etc. might benefit enormously by developing their own ADWs.

Imagine a scenario where, instead of being limited to signing up Arkansas residents only by a clause in their current ADW contract with CDI/Twinspires:

Oaklawn Park had developed their own ADW instead of signing up for a 'white label ADW' through CDI/Twinspires.

If that were the case Oaklawn would have the ability to sign up customers from anywhere on the planet.

And they would retain 100% of the revenue from their own ADW handle - instead of the fraction they currently get from their contract with CDI/Twinspires.

Horseplayers everywhere would have the ability to support Oaklawn Park directly by betting through their ADW - instead of CDI/Twinspires.

Imo, the more choices that exist in the marketplace - the more difficult it is for a company like CDI/Twinspires or the Stronach Group to create a monopoly.



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Old 12-04-2021, 02:42 PM   #21
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Originally Posted by classhandicapper View Post
This is an interesting issue in my mind.

I’ve always felt that each major track should probably try to have its own betting platform to maximize profits on its own product, but the flip side is that it doesn’t make a ton of sense to have a LOT or betting platforms.
I know Steve Byk talks occasionally about the efforts of Satish Sanan (of Padua Stables fame) to work towards a single industry ADW, and it supposedly being close to coming to fruition some years back.

It didn't, and while we have benefitted from the competition between ADWs, we've certainly been hurt by some of the turf battles and squabbles between them.
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Old 12-04-2021, 03:36 PM   #22
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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
Yeah, and for that kind of money �� they probably offer Fanduel all of that. Their angle is probably to own every Casino building they can. Once it comes down to all these bets coming from an app or computer you just know it will be big companies that own most of the action. And it will eventually be very few at that. Always is, always comes down to the giants and Fanduel is probably licking their chops to be one as this kind of wagering spreads out. Churchill sees the sale money and the gold in having people walk up to a machine and most people piss their money away. How much effort does that cost them? Get 1.5 to let someone else deal with the technical crap. Once the plague is over that money comes in handy to prop up Casinos wherever they allow it. They seem to love this Casino thing and why would you not? I can see two or three companies owning all these online “bets” some day, isn’t that how it works? Look at cable tv, internet, cell phones and the power grid. I just bought pot stock cause it’s dropped. If I’m alive once the politicians buckle, Marlboro or Coca Cola or some giant will probably buy into that.

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Old 12-05-2021, 12:36 AM   #23
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Originally Posted by Jeff P View Post
I've always believed the more choices offered in the marketplace - the healthier the game is overall - and the better things are for all concerned - tracks, horsemen, and customers.

I've always thought independently owned tracks such as Fonner Park, Hawthorne, Oaklawn, and Remington, etc. might benefit enormously by developing their own ADWs.

Imagine a scenario where, instead of being limited to signing up Arkansas residents only by a clause in their current ADW contract with CDI/Twinspires:

Oaklawn Park had developed their own ADW instead of signing up for a 'white label ADW' through CDI/Twinspires.

If that were the case Oaklawn would have the ability to sign up customers from anywhere on the planet.

And they would retain 100% of the revenue from their own ADW handle - instead of the fraction they currently get from their contract with CDI/Twinspires.

Horseplayers everywhere would have the ability to support Oaklawn Park directly by betting through their ADW - instead of CDI/Twinspires.

Imo, the more choices that exist in the marketplace - the more difficult it is for a company like CDI/Twinspires or the Stronach Group to create a monopoly.



-jp

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I agree with every word you said. The flip side is that I already have 5 accounts. I don’t want 10-15 because there are things I like or don’t like about each. Also, I have no idea how much it costs to license, develop, and maintain one, but it can’t be cheap. So we are talking about many duplicative efforts.
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Old 12-07-2021, 07:14 AM   #24
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I thought it was more likely that TS would acquire Draftkings who could be had for less than 50% of its share price of months ago. Would fit well with the gaming culture of CDI.
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Old 12-07-2021, 08:20 AM   #25
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this past couple of Churchill meets has been awesome. eventually, that big money they are using for purses is going to bring more people into the racing game. they now own Turfway and Presque Isles with other tracks that they are partnered up with that they don't own.

if they are really good, they can turn sports bettors into horserace players when the game gets a little better.
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Old 12-08-2021, 08:11 PM   #26
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https://www.usbets.com/horse-racing-...ing-landscape/

Excerpt:

A single wallet that can move into the three gambling spheres isn’t available to players who want to bet on horses and sports or horses and casino, even with operators like FanDuel/TVG that have sportsbooks and ADWs (FanDuel also has an ADW separate from the TVG brand), but that is expected to change shortly in states that have those legal online gambling options.

“We will have our ADW integrated into our sportsbook next year,” Moore said. “What that means is … you [can] go to the FanDuel Sportsbook, on the same account and wallet, [and] place a wager on a horse race. You cannot do that today.
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