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US Horsemen OK Hub Licensing Deal

Tuesday, 18th July 2006

We-Have-Seen-The-Future Update 1: Despite the opinion of its lawyer that the action could be "fraught with legal risk," the US National Horsemen's Benevolent & Protective Association board of directors "voted to endorse a licensing agreement with a group that plans to operate a wagering hub for the benefit of horsemen in North America," reported bloodhorse.com. The International Horsemen's Wagering Assurance Group (2 principals are former NHBPA officials John Roark & Tom Metzen) "is laying the groundwork for a hub that would accept horse-race wagers internationally & domestically"; the hub would be located in Curacao (an island off the coast of Venezuela) "though the group has applied to operate a 2nd hub in North Dakota". The NHBPA (through the licensing agreement) "would receive an undisclosed percentage of handle in exchange for its endorsement".

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