IRAN - ”All forms of gambling are haram (forbidden by Islam) except for horse racing, camel racing and archery,” said Mohsen Mahmoudi, a cleric at a north Tehran mosque, adding that those manly, warrior sports were all encouraged by the Prophet Mohammad. But technically, he added, only the archery contestants and riders of the horses or [...]
Posts Tagged ‘Horse racing’
When is a bet not a bet? A day at the Iran races
Thursday, November 3rd, 2011UK racing and betting industries reach deal on levy
Tuesday, November 1st, 2011UK - Gambling companies have agreed to pay extra to support horseracing in Britain next year and want fast progress on talks to reform the levy system which funds the industry. In a deal thrashed out just ahead of a midnight deadline on Monday, bookmakers will cough up 72.4 million pounds between April 2012 and March [...]
New York’s first casino opens in Queens
Friday, October 28th, 2011US - The new Resorts World casino opening Friday, with its flashing multicolored ceiling lights, electronic baccarat tables presided over by robotic dealers and a fake twinkling night sky created from satellite images of the sky over 42nd Street, seeks to offer a Las Vegas interpretation of Times Square. But the casino’s main innovation is that [...]
Horseracing’s biggest corruption inquiry starts at BHA
Monday, October 24th, 2011UK – A 10-day inquiry into horseracing’s biggest corruption scandal began at the British Horseracing Authority’s headquarters in Holborn yesterday. Charges have been made against 13 people, including five current and former jockeys, who have denied they orchestrated one of largest race-fixing operations ever investigated by the BHA. Gambling Online Magazine.
Report finds horse racing is on a slippery track
Tuesday, August 16th, 2011INTERNATIONAL - The horse racing industry is hearing dire warnings about an uncertain future and diminishing fan base. The discouraging assessment comes in discussions Sunday of a report commissioned by the Jockey Club titled “Driving Sustainable Growth for Thoroughbred Racing and Breeding.” A key subject is racing’s shrinking share of the gambling and spectator sports audience. [...]
State of Victoria in $410m Tabcorp deal
Sunday, July 24th, 2011AUSTRALIA - The Baillieu government will receive a $410 million windfall after striking a deal that will retain gambling giant Tabcorp as its sole off-course betting agent. The Wagering and Betting Licence, which begins in August next year, will see billions of dollars flow from punters to the state government and racing industry before it [...]
