The New York Racing Association hasn't changed its mind about what firm it wants to upgrade its online wagering platform.
Earlier this year NYRA tentatively awarded a contract to upgrade its advance deposit wagering platform to Global Betting Exchange, but was forced to start the bidding process again this fall following criticisms of the initial bidding process from the state Franchise Oversight Board. A new request for proposals was designed with consultation from the state and GBE was chosen again.
"We utilized a new [Request for Proposal] procedure and included several individuals in this decision-making process who were not involved in the last selection," NYRA President and CEO Chris Kay said in a statement. "Using an objective formula, developed in concert with the state, we selected an exciting technology company that withstood the scrutiny of an in-depth, step-by-step technical and financial analysis."
"I was also pleased to be told by outside counsel that the RFP evaluation was thorough, fair and performed in an extremely professional manner by our team," he added.
It's important to note that the state never had an issue with GBE, but was concerned with the RFP process, which they felt was inadequate. The initial process didn't appropriately outline criteria that was desired or how firms would be selected.
"Our NYRA Rewards members will benefit from having one of the most technologically advanced companies in the industry create a new platform that will make online wagering easier and more efficient and enjoyable," Kay promised.
The selection process was a hotly debated topic in NYRA board meetings earlier this year. During public meetings, some board members expressed resentment with the criticisms from the state and felt the first selection process was successful. They had initially hoped to be benefiting from GBE's work by the fourth quarter of this year, with the possibility of $3 million to $5 million in additional revenue this year as a result.
Follow @poozer87 on Twitter.
No comments:
Post a Comment