The Association of Racing Commissioners International announced at its meeting in Puerto Rico 10 days ago that it was forming an Internet/Off-Shore Betting Task Force, to be composed of regulators, track representatives and horsemen's groups, "to bring legitimate off-shore operations inside the tent so they can start working with the racing industry instead of against it."
Meanwhile, Youbet.com continues its efforts to have its anti-competition legislation, clearly aimed at TVG, added to the measure currently pending in the House of Representatives, endangering the bill. Although the company insists it is doing just fine, its stock dropped to an all-time low yesterday of $1.69 before rebounding to $2, still its 52-week low. The stock had traded as high as $23.78 during the past year.