From The Times of India Veteran actor and housing minister Ambareesh, was recently felicitated by Mysore Race Club, at an event which was recently held at Mysore. He was felicitated along with ministers V Sreenivas Prasad and H S Mahadevapa. After receiving felicitation, Rebel Star Ambareesh said, “I have named one of my horses as My Ambition. The name was kept after my dream of watching Wimbledon and owning a horse was full filled,” he said. The actor also had a piece of advice for those people who think racing as gambling. “Race should be treated as a sport, which…

Spreadbetting firm Sporting Index Group has announced that its Sporting Solutions business-to-business software and data services division has added horse racing in-play betting to trading and pricing offering. Utilized by a wide range of partner operators including WilliamHill.com, Skybet.com, YouWin.com and BetFred.com, Sporting Solutions’ service enables bookmakers to outsource their in-play betting odds via a single integration to its cloud-based Connect Platform. Sporting Solutions stated that its new horseracing product includes an early pricing ‘tissue’ service for the previous day’s events alongside ‘solid and responsive morning prices, show prices, results, derivatives and Racing Post content’. “To maximise the profitability of…

The “Economic Impact of British Racing in 2013″, a study released by the British Horseracing Authority and Deloitte, indicates that horse racing in Britain had an overall impact of £3.5B on the British economy in 2012. The study, which was published by Sports Business Daily, said that the amount was just a slight rise since the last study was completed in 2009. Once inflation is figured in, however, a small contraction of 1.2 percent is evident. Racing remains the second most popular sport in Britain, with 5.6 million people attending the races in 2012. Not including the London Olympic and…

Could we see Atlantic City horse racing on the beach? The centuries-old Il Palio event held in Siena, Italy may get a variation in that theme in New Jersey, as was first reported here on this blog last month. On Monday, legislation to permit the horse races on the Atlantic City beach cleared an Assembly committee. The bill (A-4149) would authorize the New Jersey Racing Commission to grant “a special permit to a running race permit holder that leases a state-owned racetrack, to hold or conduct a special running race meeting on the beach.” Assemblyman John Burzichelli, D-Gloucester, said the…

From BBC Horse racing was still worth £3.45bn to the UK economy in 2012 despite falling gambling revenues, a report has found. The report by the British Horseracing Authority (BHA) and Deloitte blamed the rise in online betting through sites based abroad for revenues falls. Web-based bookmakers do not pay a 10.75% levy to the industry, unlike physical betting shops. But the report said increases in revenues from television rights had partially offset the losses. When inflation is taken into account, horse racing was worth just 1.4% less to the UK economy than it was in 2008 – the last…

From RGJ.com Kentucky Derby winner Orb is set to take on Preakness winner Oxbow in the Belmont Stakes on Saturday following a workout that had trainer Shug McGaughey declaring his colt ready for another race. “If he has a good week, he’s a go,” McGaughey said Sunday morning at Belmont Park after Orb worked 4 furlongs in 48.30 seconds with exercise rider Jenn Patterson aboard. “He came off the track playing a little bit. He’s been eating well all week, and if he doesn’t show any ill effects of anything, I see no reason why (he won’t run).” Patterson guided…