Pari-mutuels Look Into Wager Scandal
Sep 1, 2003 12:00 PM
Security of horse and dog racing tracks is “no different than security concerns in the banking business or securities industries,” says former New York Mayor Rudy Guiliani, who has called for tighter wagering security.
Giuliani Partners LLC and Ernst & Young were hired by the National Thoroughbred Racing Association (NTRA) to look into betting operations. The inquiry came after three men attempted to rig a six-race bet to win $3 million during the Breeders' Cup races last Oct. 26 at Arlington Park in Illinois.
The report on electronic wagering commended the thoroughbred racing industry for boosting security after the Breeder's Cup scandal, but recommended that still more measures be taken, and that a security office be established.
The National Office of Wagering Security would establish minimum, uniform security standards for the pari-mutuel system. The report also recommends tightening IT security to stop potential hackers from breaking into the computerized wagering systems.
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