The California Horse Racing Board declined to renew the licenses for four national account-wagering companies

The California Horse Racing Board declined to renew the licenses for four national account-wagering companies at a meeting on Tuesday in an attempt to push the companies into a signal-sharing deal.
The licenses for the four companies - Television Games Network, Twinspires.com, XpressBet, and Youbet.com - expire on Dec. 31 of this year. If the licenses are not renewed by that date, then no account-wagering company will be allowed to take a wager from a California resident or offer online horse betting on any race in California, according to Richard Shapiro, the racing board’s chairman.
Commissioners based their decision to decline the renewals because of dissatisfaction over a current stalemate between horsemen and account-wagering companies that has resulted in the blackout of the Hollywood Park signal on account-wagering platforms, Shapiro said. In addition, he said, commissioners are “fed up with the constant problems” that have surrounded the account-wagering market this year.
Officials of the Thoroughbred Owners of California, the horsemen’s organization that has blocked the sale of the Hollywood signal to account-wagering companies, and representatives of TrackNet, a simulcast-signal marketing company owned by Churchill Downs Inc. and Magna Entertainment, were scheduled to meet on Wednesday to attempt to work out a deal that would put Hollywood’s signal on Twinspires.com and XpressBet, the account-wagering companies owned, respectively, by Churchill and Magna. Representatives of the Thoroughbred Horsemen’s Group, a national company formed late last year to negotiate account-wagering deals on behalf of horsemen, will also attend the meeting.