off-track betting


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off-track betting

n. Abbr. OTB
A system of placing bets away from a racetrack.
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The public money helped fund work at the business that included the 2,500-square-foot addition of a Hawthorne Race Course off-track betting facility and new parking lot.
Don Barberino, marketing director of Autotote, the licensed operator of off-track betting systems in Connecticut, had hoped to open the facility six to eight weeks after residents voted overwhelmingly in favor of allowing OTB to be established in September.
The irony is that it's very likely that neither the Belmont nor Hinsdale tracks would even carry a day of greyhound racing if state law didn't require it in order to run an off-track betting operation.
It's unfortunate that the Florida horsemen have chosen to not discuss a contract with us until all issues with advance-deposit wagering and future slot machine revenue splits are resolved because we are willing to provide our simulcast signal to off-track betting facilities and horseplayers nationwide," said Churchill Downs Incorporated Executive Vice President Steve Sexton.
less they provide what the off-track betting industry
Per terms of the sale, Centaur will assume management responsibility for Hoosier Park and its off-track betting network.
Located in New Orleans, Fair Grounds is owned by Churchill Downs Incorporated (NASDAQ Global Select Market: CHDN) and also operates off-track betting parlors throughout southeast Louisiana.
CDI also owns off-track betting facilities and has interests in various television production, telecommunications and racing services companies that support CDI's network of simulcasting and racing operations.
The Mountaineer facility, the Company's primary source of revenues, currently encompasses a thoroughbred racetrack with off-track betting and export simulcasting, 3,220 slot machines, 359 hotel rooms, golf course, spa & fitness center, theater and events center, convention center and fine dining and entertainment.
Granted, some of those people has been siphoned off by off-track betting parlors, casinos and simulcast outlets.
The purse enhancements were implemented due to continued better-than-expected business levels at Fair Grounds and its eight affiliated off-track betting ("OTB") facilities in southeast Louisiana, both on video poker and wagering on races imported by Fair Grounds.
Amenities considered for the new fairgrounds include an auto racing track, a recreational vehicle park, an equestrian park, an off-track betting building, exhibit areas and an enclosed arena with seating for 6,500.