Scientific Games reported $5.4 million, a gain of 10 cents per common share, in net income for the three month period ending March 31. For the same period a year ago, the company reported a net income of $4.1 million or a loss of 10 cents per share.
Youbet.com has signed a one-year marketing agreement that makes the California-based company the official online wagering service for this year's Kentucky Derby (gr. I).
Good weather and the introduction of account wagering helped Santa Anita Park exceed $1 billion in total handle for the third time in five years.
Keeneland is changing the format of the September yearling sale's "selected sessions" so they mirror the July select yearling sale. The sale, which was 13 days last year, also will take a break the Friday of the first week.
Despite heavy competition from Tiger Woods and The Masters golf tournament, NBC's live coverage of the Toyota Bluegrass Stakes (gr. I) produced solid television ratings.
The Oak Tree Racing Association will be the host for the 2003 Breeders' Cup World Thoroughbred Championships at Santa Anita Park.
A woman living in Muncie, Ind., was a 20-mile drive from becoming a millionaire, unfortunately she didn't know it.
Officer is out of Saturday's Coolmore Lexington Stakes (gr. II) because of a "suspicious area" discovered on his left front tendon.
Youbet.com announced the resignation of Phillip Hermann as chief financial officer at the same it welcomed Guy Chipparoni to its board of directors. Hermann is the fifth officer and/or director to leave Youbet.com since November.
Gemstar-TV Guide became part of its eighth class action suit in two weeks on Tuesday.
German-bred Flying Dash balked entering the gate in the $100,000 Transylvania Stakes at Keeneland Friday, but was full steam ahead at the wire. Attendance of 14,879 at the Lexington, Ky. track was the largest for a spring opening day since 1985. Attendance last year on opening day was 11,646.
An offering of 20 million shares of Magna Entertainment (Nasdaq:MIEC) was priced at $6.65 Thursday through underwriters Bear Stearns. The update on the offering caused the company's stock to rise as much as 13.4 percent during trading on Friday.
Churchill Downs has signed a major sponsorship deal with Coors Light, significantly expanded an existing deal with Brown-Forman distillers, and re-signed American Airlines.
Columbine Stable and trainer Beau Greeley hope to end a string of frustrating near misses with Sligo Bay in Saturday's Arcadia Handicap (gr. II) at Santa Anita Park.
Trainer Paco Gonzalez hopes to set the stage for his own daily double Saturday at Santa Anita Park. He'll start by winning the $200,000 San Bernardino Handicap (gr. II) with Bosque Redondo, then two races later cap off his day by taking the Santa Anita Derby (gr. I) with probable favorite Came Home.
Revenue from slot machines is expected to increase Fort Erie Race Track's average daily purse distribution by 8.4 percent for this year's meet beginning April 26.
Youbet.com has appointed Charles Champion as its new president and chief operating officer effective immediately.
Gemstar-TV Guide, the parent company of the TV Games Network, took a heavy blow in the stock market Tuesday after an analyst questioned the accounting of $127.6 million in revenue.
Sam Houston Race Park ended its 82-day Thoroughbred meet with an increase in attendance but a decrease in on-track wagering.
Canterbury Park announced record revenue and net income for 2001. A full year of revenue from its Card Club allowed the Minnesota racetrack to increase revenue by nearly 22% and raise net income by 116.5%.
MTR Gaming is as interested in acquiring an Ohio racetrack as it is in building a new track in Erie, Pa., according to the company's president.
MTR Gaming Group, owner of Mountaineer Park, reported double digit increases in revenue, net income, and earnings for the fourth quarter and 2001. The West Virginia company (Nasdaq:MNTG) also reported decreases in earnings per share for the quarter and for the year.
Penn National Gaming will pay a $1 million settlement to a Las Vegas casino company that was suing over the casino rights to Charles Town Races.
The horse racing and casino operations of Dover Downs Entertainment has been formally spun off and is now trading on its own as Dover Downs Gaming & Entertainment.
Youbet.com, the online horse racing and wagering service, is being sued by a Kentucky racing information company for allegedly failing to pay an estimated $80,000 in royalties.
Fair Grounds reported across-the-board declines in attendance and handle for its 89-day meet that ended Monday.
A field of 14 older horses, including six graded stakes winners, has entered for Sunday's $700,000 Explosive Bid Handicap (gr. IIT) at the Fair Grounds.
Scientific Games, the parent company to Autotote, announced Friday it has filed the necessary paperwork for an offering of 12,500,000 shares of Class A common stock.
Godolphin silks will soon sport the a "Fly Emirates" logo as part of a multi-million dollar sponsorship agreement.
David Marshall has officially taken charge of Youbet.com, a California online horse racing and wagering service that he co-founded.
Penn National Gaming stock has been down about $1 per share Tuesday on speculation it may be a potential buyer of a $400 million casino company.
Gemstar-TV Guide stock plummeted Tuesday morning on the heels of poor fourth quarter and year-end results. As of 3 p.m., the parent company of the TV Games horse racing network was down $4.21 to $17.52, a drop of 19.4%.
Phantom on Tour will become the first Kentucky Derby (gr. I) contender to take up residence at the Kentucky Derby Museum.
Youbet.com co-founder David Marshall is investing $750,000 in the online pari-mutuel wagering service and assuming the positions of chairman and chief executive officer.
Self-professed huckster and Thoroughbred owner Jim "Mattress Mac" McIngvale is hoping to stamp the name of Gallery Furniture store on Houstonês two-year-old major league baseball field.
Youbet.com has been notified by the Nasdaq Stock Market that it isn't in compliance with the $1 a share minimum bid price standard.
Penn National Gaming has received permission Thursday from the West Virginia Lottery Commission to expand its slot machines at Charles Town Races by 1,500.
The approval of electronic pull-tabs in Indiana and the introduction of video lottery legislation in Kentucky pushed Churchill Downs stock up $1.80 to $41.80 per share Tuesday. On the flip side, MTR Gaming was downgraded by a major investment bank and its stock dropped 8.8%
A federal appellate court has upheld Gary Matthews' conviction for participating in a scheme to defraud a Houston bank out of $65 million. The former chief financial officer for Calumet Farm will be required to serve his entire 21-month prison sentence.
Churchill Downs stock rallied Monday, rising $3.22 on heavy trading. What drove the increase can only be speculated, but it came the day before Indiana legislators are to vote on a bill that expands gambling at racetracks and riverboats, and video lottery legislation is to be introduced in Kentucky.
A federal appellate court indicated in mid-February it did not intend to change the status of former Calumet Farm president J.T. Lundy's conviction on charges of bribery and deceit. Lundy immediately requested another hearing before the Fifth Circuit U.S. Court of Appeals headquartered in New Orleans.
Leading New York owner Carl Lizza hoped to broaden the scope of his mostly homebred racing stable by buying a large number of yearlings in 2001. His hopes perished in a late-afternoon barn fire Feb. 23 that killed 22 horses in training at Mike O'Farrell's Ocala Stud in Florida.
Breeders' Cup officials and tote companies have scaled down the size of a proposed World Thoroughbred Championships future wager slated for later this year. Instead of a minimum of 100 betting interests, as originally hoped for, Breeders' Cup's first future pools would offer 24 runners each.
Daily Racing Form correspondent Marty McGee will be competing for two charities in Gulfstream Park's inaugural Turf-Vivor Thoroughbred handicapping contest that began Friday. Any money McGee wins will go a special fund for Robert Williams, who lost his family in a car accident Feb. 15, and the Jockeys' Guild Disabled Jockeys Fund.
Good weather and higher handles are driving up purses at Oaklawn Park and Turfway Park. Oaklawn will increase purses by $1,000 per race starting Saturday, while Turfway Park will increase purses 7% beginning with Friday's card. Both purse increases exclude stakes races.
Woodbine Entertainment will soon have its slot machine casinos open around the clock on Fridays and Saturdays beginning April 1. The Toronto area racetrack also will extend its hours of operation during the rest of the week by two hours a day.
Showboat Development has reportedly re-filed in Pennsylvania a lawsuit related to the operating rights of slot machines at Charles Town Races. A similar lawsuit filed in Nevada last year was dismissed Jan. 25 because of a lack of jurisdiction.
Minnesota legislators will consider video lottery terminals for Canterbury Park. If approved, the track could double its purses and extend its meet with the help of 1,750 machines.
Jockey Chris McCarron has resigned from the Youbet.com board of directors because of increasing demands from the Jockey's Guild.
Magna Entertainment reported a 28% gain in fourth quarter revenue, but losses in net income and earnings per share for the three-month period ending Dec. 31. For the year, the Canadian racing conglomerate reported a 25.5% increase in revenue, a jump in net income from $441,000 to $13.5 million, and an increase in diluted earnings per share from 1 cents to 16 cents.
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