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Simulcasting Simplified

Unless you’re someone that enjoys unraveling accounting puzzles, Sean Pinsonneault said it’s prudent to avoid looking too deeply at the specific numbers while trying to simplify simulcast pari-mutuel wagering. The executive vice-president and chief operating officer of the Woodbine Entertainment Group (WEG) said it’s best to take a big picture approach to how the revenue from wagering is divided between tracks, particularly now that the game has changed significantly in Ontario, Canada’s largest and most lucrative horse racing district. “Sticking to this high-level philosophy about what it means for every dollar that comes through, I think that is what is important for people to understand, particularly those that are in this business,” Pinsonneault said. In 2014, there was a seismic shift in Ontario with respect to how wagering was divided. Prior to that, every racetrack in Canada essentially operated as a fiefdom that owned the rights to the proceeds of…

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