The New York State Off-Track Betting Corporations have signed an agreement with HRU S.A ─ a subsidiary of Codere ─ to begin simulcasting races from Maroñas and Las Piedras racetracks in Uruguay in an arrangement that includes comingling of all wagering pools.
The New York State Off-Track Betting Corporations, operating throughout the State of New York (but excluding New York City), collectively have close to 200 physical locations – as well as offering telephone and Internet wagering. It is comprised of Capital District Regional Off-Track Betting Corporation, Catskill Off-Track Betting Corporation, Nassau Off-Track Betting Corporation, Suffolk Off-Track Betting Corporation and Western Off-Track Betting Corporation along with Batavia Downs Racetrack.
Codere is a publicly held company based in Madrid, Spain, with racing and gaming operations throughout Europe and Latin America.
“This is an exciting venture for the New York State OTB Network. Over the years we have been adding racing from outside the United States into our program to try to appeal to our customers. With our international racing offers growing we believe there will be a greater appeal to customers and we welcome the races from Maroñas Race Track and Las Piedras, its sister track, in to the New York racing fold,” said John Signor, President/CEO of Capital District Regional Off-Track Betting Corporation in Schenectady, N.Y. Signor also pointed out that New York State has the fourth largest Latin population in the United States with over 3.6 million people.
“This is a great opportunity to share our signal and take wagering on our races from one of the largest OTB networks in the world,” said Ramon Rionda, Director of Racing for Codere ─ the company which manages Hipódromo Nacional de Maroñas and Hipódromo Las Piedras in Uruguay, as well as Hipódromo de las Américas in Mexico City and Hipódromo Presidente Remón in Panama.
Rionda said one of the more appealing aspects of the arrangement is the fact that there is only one-time zone difference between Montevideo, Uruguay, and New York State. “It's problematic for both of us to try to simulcast signals from, for example, Asian and European countries, because of the significant time zone differences,” Rionda explained.
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