settlements

Daily Settlements Needed to Protect Players

• 05 Dec 2016 4:27 PM
• 1 Comment

In late November, in a move done in large part to protect horseplayers at advance-deposit wagering companies, the Kentucky Horse Racing Commission approved a rule that would require ADWs that operate in the state acquire a bond of up to $500,000 as a condition of licensing. The new requirement should provide added protection for Kentucky ADW customers—as well as the state—should an ADW declare bankruptcy... Read More