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Woobine Entertainment Group has extended its telephone wagering services to patrons of the Flamboro Downs harness track, about 40 miles south of Toronto.
Friday, January 25, 2002Andy Stronach, son of Magna Entertainment founder Frank Stronach, has left his father's racing conglomerate to focus on a new company that will manufacture a self-service pari-mutuel teller for novice bettors.
Wednesday, January 23, 2002Thoroughbred breeders who are happy with the industry's staunch opposition to artificial insemination and embryo transfer should not get too comfortable. Pending legal action against the AQHA and The Jockey Club have the potential to wrest from breed registries control over their own rules.
Wednesday, January 23, 2002A Turf writer from Austin, Texas, faces felony charges for allegedly forging nearly $22,376 in checks on a Racetrack Chaplaincy of America account.
Monday, January 14, 2002The Association of Racing Commissioners International has developed a model rule that could make a proposed Breeders' Cup future wager an annual event and expand early wagering on the Kentucky Derby (gr. I).
Thursday, January 10, 2002Preliminary data from the Kentucky Department of Agriculture shows that, following required quarantine and testing of imported horses, approximately 205 overseas Thoroughbred mares were received in the state in 2001 compared with 248 mares 2000. Exact totals will be available in a few weeks.
Wednesday, January 09, 2002Gulfstream Park received permission Tuesday to conduct round-the-clock construction on a new grandstand as soon as its meet ends April 24.
Wednesday, January 09, 2002Concerns about under-funded education programs could make slot machines more attractive to Maryland legislature this year, according to poll results released today. The poll showed 54% of 800 voters contacted by phone favored having slot machines at racetracks provided a portion of the revenue went toward improving education.
Wednesday, January 09, 2002Expanded distribution of Woodbine Entertainment Group's Thoroughbred and harness races and larger fields generated by higher purses helped increase the company's total handle for the year by 11.1%. The all sources handle for Thoroughbred and Standardbred racing was a record $1.36 billion.
Tuesday, January 08, 2002The National Thoroughbred Racing Association is expected this week to fully acquire EquiSource, a corporation that managed group purchasing for the association. Once the deal is closed, a new organization called NTRA Purchasing will be formed.
Tuesday, January 08, 2002Uniformity among testing procedures and the development of a broad-based funding mechanism to support expanded testing programs and research were among 21 recommendations made by Racehorse Medication Summit report released today.
Friday, January 04, 2002The boom from simulcasting is over and North American purses are now growing progressively slower every year like a freight train struggling up a mountain pass. The problem this time around is that the next mountain peak may still be a ways off, and the downhill side does not appear to be very steep.
Wednesday, December 26, 2001Kentucky's Thoroughbred industry lost more than 30% of its expected 2002 foal crop and will take a financial hit of about $300.5 million due to MRLS.
Wednesday, December 26, 2001Magna Entertainment Corp. will revive The Racing Network early next year, according to company chairman and founder Frank Stronach. The live racing network will likely be reintroduced when MEC launches its account wagering service in California.
Friday, December 21, 2001Thoroughbred Interests, a Louisville-based pinhooking business, has gone public and is now being traded on the Over the Counter Bulletin Board under the ticker symbol TBIN.
Friday, December 21, 2001Loudrangle, one of Sam-Son Farm's foundation mares and 1986 Canadian broodmare of the year, died Dec. 12.
Friday, December 14, 2001Gtech Holdings, a co-owner of Turfway Park and lottery system operator, reported Monday an 18% increase in fiscal third-quarter profits due to the sale of terminals and software to the United Kingdom. Net income rose to $21.6 million, or 73 cents a share, in the three months ending Nov. 24 from $18.3 million, or 53 cents a share, a year earlier.
Tuesday, December 11, 2001The Jockeys' Guild wants the racing community to help build a $10 million endowment that will provide long-term support for its disabled jockeys program
Saturday, December 08, 2001Fair Grounds president Bryan Krantz has been appointed the United States representative for Attheraces, an ambitious new online wagering and interactive television wagering company in the United Kingdom.
Saturday, December 08, 2001Woodbine Race Course reported a 14% increase in average daily handle driven by a substantial increase in purses and field size.
Thursday, December 06, 2001Magna Entertainment president Jim McAlpine told racing industry leaders Thursday that their best chance to compete against Las Vegas and Disney, which he says are horse racing's true competitors, is by making industrywide deregulation and the adoption of free enterprise a top priority. And as Magna prepares to launch its own online and telephone account wagering service in California, McAlpine urged TVG to abandon its exclusive contracts with racetracks and merge its content with Magna's tracks and others.
Thursday, December 06, 2001Magna Entertainment president Jim McAlpine told racing industry leaders Thursday that their best chance to compete against Las Vegas and Disney, which he says are horse racing's true competitors, is by making industrywide deregulation and the adoption of free enterprise a top priority.
Thursday, December 06, 2001Hoosier Park broke a record for all-sources handle during its 70-day meet that ended Dec. 3, but also reported declines in on-track handle, attendance, purses, and starters per race.
Wednesday, December 05, 2001Four jockeys and the chief executive of a California management firm running the Jockeys' Guild will remain part of a wrongful termination and slander suit filed by former Guild national manager, John Giovanni. A Fayette County circuit court judge on Friday asked attorneys on both sides to finish their depositions in the case and readdress the motion to dismiss later with more refined arguments.
Friday, November 30, 2001A full sister to classic winner Galileo sold for 1.1 million guineas ($1,648,300) to John Magnier Friday at Tattersalls December foal sale.
Friday, November 30, 2001Call Now, the parent company of Retama Park, announced today the retirement of chairman and chief executive officer William Allen and president Robert Buffkin. The new president and CEO is Thomas Johnson and Christopher Hall will replace Buffkin on the board. At Delaware Park, Sam Abbey has been appointed racing secretary and vice president of finance John Rooney announced he will retire.
Friday, November 30, 2001A group of six to seven investors from Texas and Louisiana has issued a letter of intent to buy the 27-year-old Louisiana Downs. A state license issued in March that allows the racetrack to run 15,000 square-feet of slot machines significantly increased its value. If the deal closes, the investors intend to spend more than $90 million on renovations.
Thursday, November 29, 2001A change of judges has delayed a pre-trial hearing in a lawsuit involving 1998 Kentucky Derby (gr. I) winner Real Quiet. For scheduling reasons, Judge Henry R. Wilhoit recused himself from the case in which Kentucky farm owner George Hofmeister has accused owner Mike Pegram and trainer Bob Baffert of fraud.
Monday, November 19, 2001A hearing to determine if five defendants should be dismissed from a lawsuit filed against the Jockeys' Guild by former national manager John Giovanni was postponed Wednesday due to illnesses by attorneys on both sides of the case.
Monday, November 19, 2001The Jockey Club will not reinstate the foal registration papers of four rare Palomino Thoroughbreds because they were bred by artificial insemination. The breeder, who believes she is the victim of selective prosecution, intends to pursue the case further in a in New York courtroom.
Thursday, November 15, 2001Canterbury Park reported increased revenue and decreased net income for the third quarter ending Sept. 20. Revenue for the Minnesota racetrack was up 4.3% to $12.1 million, but net income for the third quarter fell 21% to $378,103, or 10 cents per share.
Thursday, November 15, 2001The TV Games Network's parent company reported a 13.5% increase in net loss for the third quarter ending Sept. 30. The increase in losses was attributed to charges related to the merger between Gemstar and TV Guide in July 2000 and to higher operating expenses.
Thursday, November 15, 2001Prospective foal insurance used to be about the new owner of a pregnant broodmare protecting his investment after the purchase. At this year's Keeneland November breeding stock sale, insurance coverage became an incentive to buy the mare in the first place.
Tuesday, November 13, 2001Keeneland's online version of its November breeding stock sale will begin Nov. 18 at 9 a.m.. Some horses have already been entered in the sale with more entries expected today and Friday. Bidding starts closing hip-by-hip on Nov. 20.
Tuesday, November 13, 2001New York media magnate Stuart Subotnick belongs to an elite group: he's one of America's 500 richest people. He also belongs to a more exclusive clique of the super-wealthy who own Thoroughbred racehorses. Subotnick, 59, did not grow up around a racetrack, and he's not a gambler. He got into Thoroughbred racing at the urging of a friend and found the game intoxicatingly competitive as well as financially challenging.
Monday, November 12, 2001Robert Fell has stepped down as chief executive officer of Youbet.com, an online horse racing and wagering company, and will be replaced by two men. Vice presidents Ronald Luniewski and Phillip C. Hermann will share CEO duties.
Monday, November 12, 2001Arlington Park's first meet to run through October produced a new single-day record handle and a 10.4% increase in average daily total handle. The tragedies of Sept. 11 were blamed for double-digit losses in on-track handle and attendance.
Tuesday, November 06, 2001Calder Race Course, near Miami, increased total handle by 3% to $631.6 million and increased total attendance by 2.4% to 591,039 for its 119-day meet that ended Nov. 3.
Monday, November 05, 2001Magna Entertainment showed some improvement during the third quarter ending Sept. 30, historically the company's weakest period of the year. Revenue for the Ontario-based racing conglomerate increased 31.1% for the quarter and 24.9% for the first nine months of the year.
Monday, November 05, 2001The five-hour Breeders' Cup World Thoroughbred Championship telecast on NBC earned a 1.7 rating and captured 4% of the viewing audience. They were the lowest ratings the championship has ever received.
Thursday, November 01, 2001Maxxam, the owner of Sam Houston Race Park, reported a gain of $4.08 per share for its third quarter compared with a loss of $2.47 per share reported a year ago. The diversified company's racing operations reported a slight increase in sales, but the gains were offset by increased costs.
Thursday, November 01, 2001Penn National Gaming reported a 67.3% increase in revenue and a 52.5% increase in net income for the third quarter. In other news, the company is seeking dismissal of a lawsuit filed against Charles Town Races by Showboat Development over the rights to operate slot machines and video lottery terminals at the company's West Virginia racetrack. If the case is not dismissed, Penn National wants the case moved out of Nevada to a West Virginia court.
Thursday, October 25, 2001A Mexican subsidiary of simulcast service provider Racing Services of Fargo, N.D., is creating an international online wagering service. The Global Pari-Mutuel Network will be created with a subsidiary of Orbis Development, which handles electronic financial transactions for banks and merchants worldwide.
Thursday, October 25, 2001The troubled state of world politics will keep Prince Ahmed bin Salman at home in Saudi Arabia for the Breeders' Cup World Thoroughbred Championships.
Wednesday, October 24, 2001A decrease in Churchill Downs' third quarter earnings has been attributed to an increase in outstanding shares and the aftermath of Sept. 11's terrorist attacks.
Wednesday, October 24, 2001Second-day momentum at Fasig-Tipton's Kentucky October yearling sale helped deliver some statistical gains over last year's significantly larger edition.
Tuesday, October 23, 2001An agreement struck over the weekend will allow all online and telephone account wagering services to put the World Thoroughbred Championships on their menus Oct. 27.
Tuesday, October 23, 2001Gross sales, average price, and median price all dropped during Monday's opening session of the Fasig-Tipton Kentucky Fall Yearling sale. The session's top-selling colt by Unbridled out of Debit My Account sold for $360,000.
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