Parimutuel definition

Parimutuel means a system of wagering in which the money allocated for prizes from the total amount of money wagered on an event is divided among prizewinners in proportion to each prizewinner’s individual wager.
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Parimutuel means that the winnings are all from money bet in the lottery. ‘Simple’ means that all prizes are awarded; there is no rollover.)
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Examples of Parimutuel in a sentence

  • Landlord, at its sole cost and expense, shall be responsible for the maintenance, repair and replacement of all equipment necessary to the operation of the Parimutuel Space.

  • The Company hereby employs the Executive as President of Pari-mutuel Wagering Operations of the Company.

  • The Lottery would make the prize directly available to the Trust, a of level Winner will receive a Parimutuel share of the of Prize only, despite the high degree of scrutiny claimed by the organizers.

  • In the event Landlord requests additional security and/or surveillance of the Parimutuel Space, such additional services shall be at Landlord's sole cost and expense.

  • The parties also agree that at least three (3) Business Days before submission of any application or joint application seeking to obtain the Slot Machine Licenses is submitted to the Division of Pari-mutuel Wagering, the Purchaser Parties shall deliver a draft of such application or joint application to the Shareholder Representative for his review.

  • No Loan Party shall fail to execute and deliver to the Administrative Agent control agreements in form and substance reasonably acceptable to the Administrative Agent with respect to each account of the Loan Parties opened following the Closing Date (other than any Pari-mutuel Accounts) with any bank, savings association, financial institution, securities intermediary or similar financial intermediary in which cash or other property will be deposited within 30 days after opening such account.

  • Landlord shall indemnify, defend and hold Tenant harmless from and against any liabilities and damages resulting from any acts or omissions arising from Landlord's operation of the Parimutuel Space.

  • Pari-mutuel wagering, racetracks, and excursion gambling boats as provided in chap- ters 99D and 99F.