TVG saddled with suit

Aug 12, 2003 1:38 AM

The Maryland Jockey Club filed a lawsuit in United States District Court in Baltimore last week alleging that Television Games Network has not met contractual obligations.

The MJC contends that the network failed to maintain a three-month average of $230 million in gross wagers for simulcasting.

The Thoroughbred Times.com reports that TVG officials have not indicated if the company has reached the milestone mark. A majority interest in the MJC is owned by Magna Entertainment Corp., which this year launched a competitor to TVG called HorseRacing TV.

The MJC is arguing that it is entitled to a one-third interest in half-ownership in TVG because it deployed the network in Maryland. TVG also airs racing from several California tracks.

Fla backs card rooms

A bill allowing Florida racetracks to operate card rooms became law last week with the passing of Gov. Jeb Bush’s deadline to veto the measure.

Florida thoroughbred tracks, such as Gulfstream Park and Hialeah had been required to choose between offering evening simulcasts or card rooms. Track owners claimed they were losing customers to Indian-run casinos, greyhound tracks and gaming cruise ships.

The measure replaces a $10 per game pot limit with a $2 bet limit and a maximum of three raises per round. Players could win as much as $200 under the new law, according to estimates from legislative sources.