Monarch Content Management President Scott Daruty has gone on the record as saying that Monarch and the Woodbine Entertainment Group have reached an agreement in regard to the simulcasting dispute which could have seen Canadian wagering on races from Gulfstream Park and Tampa Bay Downs disrupted as soon as this weekend

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“Like most negotiations, they’re (WEG) not entirely happy, and neither are we, but we were able to come to a compromise,” Daruty was quoted as saying in an article by the Daily Racing Form.

The disagreement between the two parties was in regard to the rates WEG would have to pay to Monarch for the simulcast signals. According to the DRF, Monarch has raised the rates that Canadian wagering outlets, which are operated by WEG, would have to pay.

Daruty had previously gone on the record as saying that the rate increase would, “only bring the Canadian sites in line with every other outlet in North America.”

(With files from the Daily Racing Form)