International Agreement On Breeding Racing And Wagering In Chicago
State:
Multi-State
City:
Chicago
Control #:
US-0028BG
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Word;
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The Foreign Corrupt Practices Act of 1977 resulted from bribery of foreign government officials by Lockheed Aircraft Company. This Act is designed to prevent the bribing of foreign officials in order to obtain foreign government contracts. Payments to foreign officials for “facilitation,†often referred to as grease payments, are not prohibited under FCPA so long as these payments are made only to get officials to do their normal jobs that they might not do, or would do slowly, without some payment. These payments can be made only to secure a permit or license; obtain paper processing; secure police protection; provide phone, water, or power supply; or similar such actions.
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The Illinois Horse Racing Act permits each of the state's two permanent race tracks to operate a limited number of OTBs that provide live horse racing simulcasts and parimutuel wagering at locations throughout the state.
For a syndicator to be approved by the BHA they must themselves be registered as a sole or company owner. SYNDICATE MEMBERS: Any person who has shares in the ownership, or lease, of racehorses through a syndicate should be listed a syndicate member.
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The International Agreement on Breeding, Racing and Wagering is a voluntary agreement designed for the guidance of recognised Racing and Breeding authorities. All races shall be conducted only under the Rules and Regulations of the Illinois Racing Board.Section 200.20 Full Access to Track. "Pari-mutuel system of wagering" shall not include wagering on historic races. Wagers may be placed via any method or at any location authorized under this Act. There are presently 64 countries that are signatories to this important article. (8.1) Inter-track wagering location licensees who derive their licenses from a particular organization licensee shall conduct inter-track wagering and simulcast. The International Federation of Horseracing Authorities (IFHA) brings together some 60 horseracing authorities ('jockey clubs') from 55 countries. The Illinois Racing Board awarded 2025 dates on Thursday (Sept. 19) and Hawthorne was allotted a meager 40 harness programs, six fewer than this year's number.