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Mike Ziegler, the track’s Executive Director of Racing, announced the decision during a meeting of the Kentucky Racing Commission at Lexington’s Red Mile harness track. He added that there will be a series of soft opening events starting from September 10. “We’ll invite family and friends and officials to come visit the facility,” Ziegler told members of the commission. Derby City Gaming has already hired 100 workers and plans to hire 100 more over the next couple of weeks. “We’ll have 200 people working at Derby City,” he said. Derby City Gaming has also ramped up its marketing campaign, showing the commission a 30-second commercial that has begun airing on TV stations across the state. Historical racing, also called “instant” racing, allows gamblers to use devices resembling slot machines to bet on races that have already run. Under current plans, the 85,000-square-foot gaming area will feature 600 historical racing machines, a simulcast wagering area and a player’s club reward center. But not everyone is celebrating the new venue.
For the original version including any supplementary images or video, visit https://europeangaming.eu/portal/latest-news/2018/08/24/26721/churchill-downs-to-launch-derby-city-gaming-on-september-14/
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government has delivered on its threat to slash the maximum bets on so-called “fixed-odds betting terminals,” the brightly-colored, casino-style games played on a screen in-store. The upper limit will now be 2 pounds ($2.70), down from 100 pounds ($135), every 20 seconds. Politicians have given a very clear and succinct reason for the cap: Problem gamblers are a greater cost to society than to themselves. And, given how easy it is to get hooked, it takes drastic measures to make progress. The response from the gambling industry — though not entirely uniform — has been to protest at the shop closures, job losses and financial pain that will result.
For the original version including any supplementary images or video, visit https://www.bloomberg.com/view/articles/2018-05-17/-135-in-a-slot-machine-every-20-seconds-is-crazy
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