Simulcast Agreement

The simulation signal was cut off earlier this month after Reiter – who participated in lengthy contract negotiations with Belterra – decided not to renew an export authorization agreement that expired at the end of August. With no simulation or pre-payment bets and no extremely limited on-site bets, the handle crashed at Belterra. The first seven cards in September averaged only $29,229 in mutual bets compared to $874,261 in the last live program in August. Officials from Belterra Park and the Ohio Horsemen`s Benevolent and Protective Association have agreed on a three-year contract that will lead to the resumption of simulcasting at the Cincinnati, Ohio circuit as early as Tuesday. „The percentage (of casino revenue) paid to riders was set by the race commission by resolution, but the way it was distributed was done without agreement,“ said Basler, who stated that the amount in question was $9 million per year. „The trial has really stopped in recent months, and we thought it might drag on in the next few months.“ Basler said the two parties entered into a contract with the former River Downs circuit of the 1990s, which preceded both the casino bet in Ohio and the replacement of River Downs by Belterra. The change of ownership of the racetrack casino – now part of Boyd Gaming – has complicated the process, Basler said. The 2019 meeting at Belterra Park will end on October 9 and the race will resume in April 2020. „Our Board of Directors has approved a new contract with Belterra that we will conclude today,“ said Dave Basler, Executive Director of Ohio HBPA. „I`m waiting for approval by this (Monday) evening, and the signal should go up tomorrow.

Basler stated that both the contract and the export authorization are ongoing until December 2023.

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