Horse racing has tremendous opposition for the betting dollar from both legal and illegal wagering. Just how much opposition derives from illegal betting is staggering, as shown in CNBC estimates of how many dollars are spent betting illegally on various sports. Pari-mutuel wagering on horse racing is dwarfed by each and all of the following:  National Football League games, the [...]

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Untold words have been written and uttered about the rise and fall of countless companies and industries, including such once seemingly rock-solid organizations as General Motors and AIG and the enterprises of banking and home building. Pari-mutuel wagering on horse racing is on the list. Jim Collins is a former instructor at the Stanford Business School [...]

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The credit crunch in Dubai raises alarming questions about the potential effects on the global Thoroughbred bloodstock business, as demonstrated by articles in major newspapers in the past week. Sheikh Mohammed bin Rashid al-Maktoum, Prime Minister and Vice President of the United Arab Emirates (UAE) and the Emir of Dubai, is the leading Thoroughbred owner in the [...]

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