BILL APPROVES SOME FOREIGN RACE WAGERING
SACRAMENTO - 08/23/04 - Legislation allowing California thoroughbred horse or fair associations to distribute signals from Canada, Australia, and Canada and accept wagering from facilities across the state has been signed by Gov. Arnold Schwarzenegger.
 The measure - AB 509 - was drafted by Assemblyman Jerome Horton, a Democrat who represents the city of Inglewood, home of the Hollywood Park racetrack.
The new law allows a thoroughbred or fair association to distribute the audiovisual signal and accept wagers on the results of races in Canada, Australia, and Hong Kong during its run of live horse racing.
"Allowing a racing association or fair to import out-of-country races will give California racetracks a marketing tool and leverage with tracks outside of the United States," Horton said in a press release.
"The bill will generate additional revenue for purses and breeder's incentives which I hope will entice owners and breeders to stay in California.
"In the face of competition from other racing jurisdictions and gaming enterprises, it is essential that California's horse racing industry begin to look at its core business in a global manner," Horton added.
Go
back, or read the latest Page Two stories:
NEW SF-IRELAND AIR SERVICE INAUGURATED
SAN FRANCISCO – 11/08/07 – Irish airline Aer Lingus has inaugurated a new four-day per week service between the high-technology centers of the San Francisco Bay Area and Dublin, Ireland; the new service comes as a result of the new Open Skies agreement inked earlier this year between the US and the European Union and is expected to expand to a daily service next March.
ASIA TRADE GROUP TO HONOR JOHN CHEN
SAN FRANCISCO – 10/09/07 – The California-Asia Business Council will present its 2007 New Silk Road Award to John Chen, chairman, chief executive officer and president of Silicon Valley-based Sybase Inc., at its October 26 Gala Night event in San Francisco; the annual award is presented for significant contributions in promoting trade relations between the US and Asia.
VINTNER CRUSHPAD EXPANDS INTO JAPAN
SAN FRANCISCO – 10/02/07 – Urban, custom winemaker Crushpad has launched a new venture to serve the rapidly growing base of California wine enthusiasts in Japan; the new company – Crushpad Japan – will utilize staff in both Tokyo and San Francisco to provide Japanese language marketing, sales and winemaking support tailored to the Japanese market, the company’s largest market outside the US.
WATERMAN PARTNERS ON MIDDLE EAST DEAL
EXETER – 09/07/07 – San Joaquin Valley-based Waterman Industries has signed an agreement with a Canadian company that will market the company’s water treatment equipment in the Middle East; the company is already heavily involved in several water treatment projects in Belarus, Latin America, Asia, and the Caribbean Basin.
INTEL, ST MICRO JV APPROVED
SANTA CLARA – 09/04/07 – World chip leader Intel has gotten the go-ahead from the European Commission for a proposed joint venture with the French-Italian group ST Microelectronics to produce and distribute flash memory worldwide; the joint venture will operate under the name Numonyx and, like ST Microelectronics, will be headquartered in Geneva, Switzerland.
CAL FIRM SCORES CHINA EXPORT LOAN
UKIAH - 08/29/07 - A California-based company has secured an EXIM loan to finance the export of its metals-processing equipment to China; the equipment will be used to produce titanium ingots for use in the manufacture of products for a wide range of domestic Chinese industries.
|
![](http://click.linksynergy.com/fs-bin/click?id=h8BN5KCpRYw&offerid=20386.10000001&type=4&subid=0"><IMG width="120" height="60" alt="blue box" border="0" src="http://www.site59.com/global/images/affiliate/120_60(bl)_01.gif"></a><IMG border="0" width="1" height="1" src="http://ad.linksynergy.com/fs-bin/show?id=h8BN5KCpRYw&bids=20386.10000001&type=4&subid=0">){kind=link}