|Internet betting was high on the agenda for the 100 or so delegates from more than 60 countries and organizations gathered on Monday in Paris for the annual conference of the International Federation of Horseracing Authorities. |
The proliferation of account wagering was also a hot topic, and plans to define a `Good Neighbor Policy'’ and commercial terms regarding international simulcasting and wagering, were also discussed.
Regarding international simulcasting and wagering. Larry Wong, chief executive of the Hong Kong Jockey Club, stressed the need for racing jurisdictions to work with governments when possible to be sure that gambling regulations are enforceable. Wong also stressed the need for racing organizations to join in the ongoing struggle against illegal gambling draining betting revenue.
Hong Kong and Japan recently signed an agreement to promote the Good Neighbor Policy, the first in which under two racing jurisdictions have agreed not to accept wagers from citizens of the other country in order to protect their domestic markets.
Stahl agreed that the Good Neighbor Policy program could be a sound foundation to a united racing front and “give us a true indication of which among the organizations worldwide are willing and able to work together.”