27:
149:, a British operator of greyhound racing tracks, to form United Track Racing, a joint venture to acquire and operate tracks in the US. United Tote would own 20 percent of the venture and would be responsible for managing the tracks. United Track Racing acquired five greyhound tracks in South Dakota, Rhode Island, and Colorado the next year.
660:
603:
584:
341:
109:. They could not find a totalizator company willing to service such a small facility, so they purchased obsolete wagering equipment to operate in-house, and soon branched out to service other racetracks in the region.
563:
167:
802:
126:
in New Mexico for $ 3.5 million. By this time, United Tote had a 10 percent market share in North
America, with contracts to service 85 tracks and
241:
183:
749:
197:
160:. A 1991 court ruling forced the company to split back up, and the original United Tote business was divested to the Shelhamer family.
469:
792:
182:
agreement worth up to $ 10 million. Video
Lottery Technologies, later named Powerhouse Technologies, was acquired in 1999 by
112:
In 1980, the company introduced the MicroTote 1000, a computerized tote system designed to be affordable for smaller tracks.
187:
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210:. The two organizations said they would develop a system under United Tote to expedite the addition of horse racing to
269:
105:
United
Totalizator was founded in the 1950s by Lloyd and Jane Shelhamer. The Shelhamers owned Beaumont Race Track in
564:"Video Lottery Technologies, Inc. announces name change to Powerhouse Technologies, Inc., effective January 1, 1998"
646:
797:
207:
157:
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for $ 85 million. Before the two companies' operations could be integrated, the merger was challenged by
153:
94:
66:
700:
661:"Youbet.com completes United Tote acquisition following adjustment of purchase price and payment terms"
675:
249:
203:
United Tote became part of
Churchill Downs, Inc. in 2010, when that company acquired Youbet.com.
116:
123:
90:
60:
288:"New quarter-million dollar horse racing plant at Belgrade is holding opening Memorial Day"
8:
86:
649:(Report). International Game Technology. December 10, 2003. p. 3 – via EDGAR.
139:
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purchased United Tote for $ 31.9 million plus $ 14.7 million in assumed debt.
786:
152:
In 1989, United Tote purchased its larger competitor, Autotote
Systems, from
163:
The company sold its stake in United Track Racing to
Wembley plc in 1992.
146:
82:
750:"NYRA entity buys 49 percent stake in United Tote from Churchill Downs"
206:
In 2024, Churchill Downs sold a 49 percent stake in the company to the
190:(IGT). United Tote became part of IGT's newly formed lottery division.
47:
37:
663:(Press release). Youbet.com. February 13, 2006 – via NewsBank.
604:"Casinos expect more guests, but less money, on New Year's weekend"
566:(Press release). Video Lottery Technologies, Inc. December 22, 1997
135:
127:
26:
179:
171:
115:
The company changed its name to United Tote in 1984 and made its
138:. It continued to operate out of the Shelhamers' ranch house in
131:
775:
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equipment, for $ 20 million in cash plus $ 10 million in
130:
frontons, making it the third largest tote company after
676:"Youbet.com agrees to buy United Tote for $ 49 million"
294:. Helena, MT. May 23, 1954 – via Newspapers.com.
324:"Legal Notices: Foreign Amendment (classified ad)"
166:In 1994, the Shelhamer family sold United Tote to
193:IGT sold United Tote in 2003 for $ 12.3 million.
784:
16:American gambling equipment and services company
723:
701:"Churchill Downs completes Youbet.com purchase"
447:"Shepherd firm charged with fostering monopoly"
434:. December 12, 1989 – via Newspapers.com.
726:"CDI completes United Tote stake sale to NYRA"
388:
239:
752:(Press release). United Tote. August 11, 2022
267:
698:
673:
601:
622:"Reno-based company forms lottery division"
481:
342:"Sunland Park track sold for $ 3.5 million"
312:. July 26, 1984 – via Newspapers.com.
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370:. Missoula, MT – via Newspapers.com.
25:
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348:. November 10, 1986 – via NewsBank.
263:
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391:"British firm buys stock in United Tote"
384:
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803:Gambling companies of the United States
785:
357:
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186:, which was then purchased in 2001 by
591:. June 30, 1999 – via NewsBank.
585:"LV firm completes Powerhouse merger"
379:
224:
81:is an American company that provides
389:Paul J. Holley (November 17, 1988).
352:
240:Phyllis Berman (November 9, 1992).
145:The company partnered in 1988 with
13:
602:Jeff Simpson (December 30, 2001).
268:Clair Johnson (October 28, 1984).
14:
814:
767:
724:Robert Fletcher (April 9, 2024).
674:Matt Hegarty (December 1, 2005).
546:"United Tote parent company sold"
482:Dennis Gaub (November 2, 1991).
428:"United Tote buys rival company"
408:Tom Howard (December 27, 1989).
168:Video Lottery Technologies, Inc.
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717:
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639:
614:
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503:"Tote sells interest in tracks"
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501:Tom Howard (August 12, 1992).
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89:at racetracks. It is owned by
1:
699:Matt Hegarty (June 3, 2010).
522:"Company may buy United Tote"
445:Tom Howard (March 16, 1990).
217:
188:International Game Technology
793:Churchill Downs Incorporated
520:Tom Howard (March 1, 1994).
158:federal antitrust regulators
122:In 1986, United Tote bought
7:
759:– via Paulick Report.
552:– via Newspapers.com.
528:– via Newspapers.com.
509:– via Newspapers.com.
490:– via Newspapers.com.
453:– via Newspapers.com.
416:– via Newspapers.com.
410:"United Tote joins venture"
397:– via Newspapers.com.
306:"Shepherd firm goes public"
276:– via Newspapers.com.
208:New York Racing Association
170:, a Montana-based maker of
95:New York Racing Association
85:equipment and services for
67:New York Racing Association
10:
819:
608:The Press of Atlantic City
544:Tom Howard (May 6, 1994).
364:"Running against the odds"
362:Jeff Cole (May 25, 1986).
100:
465:U.S. v. United Tote, Inc.
53:
43:
33:
24:
647:Form 10-K: Annual Report
573:– via PR Newswire.
484:"Tote divestiture final"
472: (D. Del. 1991).
470:768 F.Supp. 1064
328:Philadelphia Daily News
119:, raising $ 7 million.
117:initial public offering
798:Horse racing companies
292:The Independent-Record
124:Sunland Park Racetrack
610:– via NewsBank.
330:. September 13, 1984.
91:Churchill Downs, Inc.
61:Churchill Downs, Inc.
550:The Billings Gazette
526:The Billings Gazette
507:The Billings Gazette
488:The Billings Gazette
451:The Billings Gazette
432:The Billings Gazette
414:The Billings Gazette
395:The Billings Gazette
310:The Billings Gazette
274:The Billings Gazette
346:Dallas Morning News
242:"Home on the range"
87:parimutuel wagering
21:
19:
705:Daily Racing Form
680:Daily Racing Form
532:Part 2 of article
374:Part 2 of article
270:"Gamble pays off"
252:on April 2, 2015.
140:Shepherd, Montana
107:Belgrade, Montana
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730:iGaming Business
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248:. Archived from
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176:promissory notes
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34:Company type
776:United Tote
214:platforms.
147:Wembley plc
83:totalizator
79:United Tote
20:United Tote
787:Categories
756:2024-04-20
735:2024-04-20
710:2015-03-14
685:2015-03-14
632:2015-03-14
570:2015-03-14
218:References
198:Youbet.com
48:Bookmaking
38:Subsidiary
196:In 2006,
136:Autotote
128:jai alai
93:and the
44:Industry
180:earnout
178:and an
172:lottery
101:History
468:,
246:Forbes
132:AmTote
69:(49%)
63:(51%)
54:Owner
134:and
789::
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381:^
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372:(
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
