Drew Couto

Last week's news that FanDuel TV is gradually winding down its product through 2027 has ripped through the industry like a tornado. In response, some, like the National Turf Writers and Broadcasters, have urged the company to reverse course. "Should there be a viable path to reconsider this decision, we urge FanDuel and Flutter Entertainment leadership to explore it. We also encourage consideration of a sale of the network to an entity willing to continue regular operations. The infrastructure, audience, and brand equity built over decades represent valuable assets," the...

With what feels like the culmination from years of mounting pressure, the volcano of opprobrium over Computer Assisted Wagering (CAW) erupted this summer, spilling all over the industry. The debate around CAW players typically surrounds the edge they wield over regular gamblers thanks to their use of sophisticated technologies that allow them to precisely read the markets and to place massive wagers across many pools in the final seconds of betting-sometimes leading to extreme late odds changes-as well as the attractive rates and rebates offered to them which are unavailable...

It was déjà vu all over again at June's California Horse Racing Board (CHRB) meeting. Three months after a contentious meeting that saw board members vote unanimously to give race dates to Pleasanton Racetrack for a Thoroughbred meet this fall (in opposition to the wishes of Southern California track operators), the CHRB wrestled with another weighty conundrum: How to fund horse racing in California for the next fiscal year. Ultimately, the board approved what was termed a "compromise" funding model that will see each racing association cover the "direct costs"...

Hall of Famer Jerry Hollendorfer and the Del Mar Thoroughbred Club (DMTC) have reached an agreement in a lawsuit stemming from events during the summer of 2019 when the track temporarily barred the trainer from its grounds, according to a notice of settlement recently filed in the San Diego Superior Court. The notice included no specifics. "The terms of the settlement are to remain confidential," explained Hollendorfer's attorney, Drew Couto. DMTC president, Josh Rubinstein, confirmed the settlement in an emailed statement. "The resolution of this litigation does not reflect the...