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Autotote

 
Wikipedia: Autotote

Autotote, which has been renamed Scientific Games, is a company that supplies pari-mutuel wagering systems worldwide. These are automated, computerized off-track and on-track betting systems for betting on horse races, greyhound racing and jai-alai. It is an integrated system for off-track betting, keeping track of race results and winning tickets, and race simulcasting. Autotote Enterprises operates the off-track betting system in the State of Connecticut.

In 2002, former Autotote employee Chris Harn confessed to fraudulently cashing so-called "test tickets" (for system maintenance) for $80,000 after he was caught in a fraudulent betting scheme, when an accomplice tried to collect $3.1 million on a fraudulent bet on the Breeders' Cup. Chris Harn's story was portrayed in the Court TV program Masterminds.[1] [2]

Luke Weil, the heir to the Autotote fortune, is featured in a revealing and frank documentary called Born Rich, about the experience of growing up as the heir to one of the world's greatest fortunes.[3]

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Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Autotote" Read more