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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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VIDEO: Dubai’s scandal-hit Godolphin stable

Category : Business, World News

Described as the biggest crisis to hit horse racing for years, the revelation that 11 horses from the Godolphin stable had been given banned anabolic steroids has rocked the sport.

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Victoria Racing Club Teams With Cisco to Transform the Fan Experience at Flemington Racecourse

Category : Stocks, World News

Victoria Racing Club First Past the Post to Implement World-Class Technology

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Racing car maker ceases trading

Category : Business

Racing car maker Lola Cars International, which went into administration in May, ceases trading with the loss of 18 jobs.

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Ferrari sales and profits surge

Category : Business, World News

Italian supercar and racing firm Ferrari reports record sales and profits for the first six months of 2012.

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Formula E racing series is launched

Category : Business, World News

Motorsport launches new series for electric racing cars

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TVG to Present Exclusive Coverage of Sunday’s $1 Million TVG Pacific Classic; Network Will Also Be On-Site at Saratoga for the Spa’s Big Weekend of Racing

Category : World News

LOS ANGELES, CA–(Marketwire – Aug 24, 2012) – From Saratoga Race Course in upstate New York to Del Mar Thoroughbred Club outside San Diego, TVG, America’s Horseracing Network, will be on-site to capture the excitement of the upcoming big weekend of racing.

Read more from the original source: TVG to Present Exclusive Coverage of Sunday’s $1 Million TVG Pacific Classic; Network Will Also Be On-Site at Saratoga for the Spa’s Big Weekend of Racing

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Punter angry over lengthy BHA probe that has frozen Betfair account

Category : Business

• Dan Wood won £6,241 from three successful lay bets
• BHA and Betfair refuse to comment on investigation

A punter at the centre of an investigation into three successful lay bets on the Betfair betting exchange has said that he is “angry and baffled” by the length of time he has been under suspicion and that he has “never spoken to a trainer or jockey in my life”. Dan Wood, a Betfair customer for nine years, has been unable to use his account with the exchange for the past 12 months, although he claims to have been told by an investigator from the British Horseracing Authority that an investigation into his betting activity did not begin until March 2012.

Wood’s winning of £6,241.69 from three lay bets, all on horses with a starting price of 7-1 or above, remain frozen. The bets at the centre of the investigation were against Acosta, who was pulled up when 14-1 for a handicap hurdle at Huntingdon in May 2011; Jezza, fourth of 13 when 7-1 for a maiden hurdle at Newton Abbot in June 2011; and Timocracy, ninth of 13 when 12-1 for a handicap hurdle at Market Rasen in July the same year.

Wood said this week: “I’ve spent 90 minutes with a BHA investigator and handed over my telephone records. The investigator told me inquiries didn’t begin until March 2012, which I find unbelievable, considering Betfair suspended my account in July 2011.

“I’ve had a Betfair account for nine years and now I’m at the centre of an investigation by racing’s two biggest organisations. No wonder I’m angry and baffled.”

It is the policy of the BHA not to comment on its ongoing investigations. Tony Calvin, Betfair’s spokesman, said: “We never comment on individual accounts. That will be our only comment on the matter.”

Mars, who was as short as 10-1 favourite for next year’s Derby before setting foot on a racecourse, did as much as could be expected in his first start in a Dundalk maiden on Monday, as he made all the running from a wide draw to beat his stablemate The Ferryman by four and three-quarter lengths. The colt is a son of Galileo, out of a mare who is closely related to Invincible Spirit and is herself a daughter of Rafha, the 1990 Prix de Diane winner.

“He has a really good attitude and is very uncomplicated,” Joseph O’Brien, who rode Mars to victory, said after the race. “We have been waiting a while for a bit of nice ground.

“He’s a lovely horse. He was green as it’s his first run and he made the running. You very rarely see them win on the bridle doing that. He will come on for it.”

Mars is now top-priced at 12-1 for next year’s Epsom Classic, with Dawn Approach, the Coventry Stakes winner at Royal Ascot, next in the betting at 20-1.

Charlie Mann, who organised a boycott of a novice hurdle at Worcester last week which turned the race into a walkover, said on Monday that the dispute over prize money may soon be concluded. Mann was speaking after a meeting with Ian Renton and Jim Allen, representatives of Worcester’s parent company, Arena and Northern Racing Group.

“I think we’ll know more tomorrow,” Mann said. “We’ve had an offer made, we’re not far off an agreement and I think it will benefit everyone. I’ve got to talk to everybody.

“What we’ve done has been a massive success. We’ve achieved what we set out to do. It’s just a question of when the races will be raised to tariff. We are very close to an agreement.”

Danedream, last season’s Prix de l’Arc de Triomphe winner, is an intended runner in the King George VI and Queen Elizabeth Stakes at Ascot on Saturday, for which there are 12 remaining entries after the latest declaration stage.

John Gosden has left in Nathaniel, who won the Eclipse two weeks ago, and the season’s leading trainer could also run last year’s St Leger winner, Masked Marvel. Aidan O’Brien, the current leader in the trainers’ title, will run St Nicholas Abbey, the Coronation Cup winner.

Hotels Near Saratoga Springs, NY Prepare for Horse-Racing Season

Category : Stocks, World News

Saratoga Track Pack Offers Special Rates and Racing Extras

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Betfair agrees horse racing deal

Category : Business

Online betting exchange Betfair signs a deal with British horse racing organisers, promising a minimum £40m of funding over the next five years.

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Downturn hits Lola race car maker

Category : Business, World News

Racing car maker Lola Cars applies for administration, blaming the economic downturn for a drop in trade.

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