Equibase to purchase timing assets of American Teletimer
Equibase Company LLC today announced that its wholly owned subsidiary, Axcis Information Network Inc. (TrackMaster), has entered into a definitive agreement to acquire the timing assets of American Teletimer Corporation (ATC), a leading provider of timing, photo finish and video services for Thoroughbred, Standardbred and Greyhound racing. ATC will maintain its photo finish and television production service segments of its business, which includes racetracks and other facilities in the United States and Canada.
TrackMaster will take over ATC’s timing business for Thoroughbred and Standardbred racing at 52 U.S. tracks. The transaction is expected to close in January 2020.
“Equibase has made significant progress in implementing its automated tracking strategy and we are the official timer at the six tracks that have installed global positioning satellite (GPS) systems,” said Equibase President and Chief Operating Officer Jason Wilson. “Acquiring the timing business of ATC made sense as we move to upgrade the data collection process with the more widespread adoption of GPS technology in the coming years.”
“GPS technology is versatile enough to time races as well as provide rich data sets that can be used to create more engaging video graphics,” Wilson continued. “The technology also allows us to greatly enhance the presentation of handicapping information beyond the basic formats of traditional results charts and past performance lines, which were created more than 100 years ago. Finally, the technology allows for a more efficient collection of workout data, which we plan to introduce in the future.”
As part of the agreement between the two companies, Equibase will designate ATC as its preferred photo finish, graphics and television production services partner.
“We see the wave of GPS technology coming and we are fully supportive of it,” said ATC President and Chief Executive Officer Joel Rosenzweig. “Given Equibase’s position in the industry, they were the best entity to assume control of the Thoroughbred and Standardbred timing aspects of our business. This allows us to focus our strategies on our photo finish and video services, which are second to none.”
LATEST BUSINESS NEWS
Wagering handle up slightly in May
Wagering handle rose slightly in May versus May 2024, though for the year to date it continues to trail last year.
Fair Hill to get new Tapeta surface
Maryland’s Fair Hill Training Center will replace its 7-furlong Tapeta Footings track this summer, with the company’s newest iteration, Tapeta 13.
Penn National, Delaware to postpone turf stakes
Penn National will delay its Penn Mile card stakes, while Delaware Park will postpone the Cape Henlopen in the face of persistent rains.
De Francis Dash purse gets boost
The De Francis Dash and three other stakes contested on the same day will receive $25,000 purse bumps, the Maryland Jockey Club announced.
PA-bred Like a Saltshaker is Claiming Crown honoree
Like a Saltshaker’s thrilling win in last fall’s Claiming Crown Rapid Transit has earned him Claiming Crown Horse of the Year honors.
Rodolfo Sanchez-Salomon hit with 60-day suspension
Trainer Rodolfo Sanchez-Salomon has been hit by HIWU, HISA’s drug-testing partner, with a 60-day suspension for three violations in two years.
