|“Magna Entertainment Corp. plans to expand and dominate the account wagering market in the United States as well as the rest of the world”, says President Jim McAlpine, who spoke at the Equine Law Conference in Lexington on Thursday.|
Magna, owning and/or operating ten racetracks around the nation, plans an additional three to five racing properties for its stable in the imminent future and also to establish a national cable or satellite television broadcasting service. That service would promote racing to the countless people who have stopped following the sport and allow them to wager around the clock in the process, said McAlpine.
“Basically, we are going to build a betting channel of MEC-owned tracks, which will be supplemented by other tracks both in the United States and around the world, that will fill our 24-hour wheel of programming”, McAlpine explained.
Magna have a combined 1,205 days of live racing this year, and plan to allow a wagering opportunity every three minutes to account holders through the network, to be called `Horse Racing TV’ and scheduled for launch this June.
McAlpine said that account wagering in California through Magna’s XpressBet platform, which began in January, has surpassed initial forecasts, and shows what a boost to racing account wagering can become once it is instigated on a national stage.