Ryan Conley

MTR Gaming Bids Farewell to Arneault

A public changing of the guard at MTR Gaming Group Inc. was experienced Oct. 31 during a conference call with analysts and shareholders, as the company bid farewell to longtime chief Ted Arneault and welcomed his successor Robert Griffin.

Cushion Track Lawsuit Dismissal Denied

Cushion Track Lawsuit Dismissal Denied

The federal lawsuit against Cushion Track and affiliates over the former synthetic racing surface at Santa Anita Park is geared to go forward after a judge recently denied most of the defendants' request for dismissal.

'Quick-Picks' Lawsuit Dismissed

A California judge has dismissed the lawsuit against Scientific Games over the "quick-picks" wagering situation, agreeing with the company that state public policy prohibits such a complaint as it was presented

LHBPA Lawsuit Moved to Federal Court

A styled class-action lawsuit leveling allegations of fraud and embezzlement against the president of the Louisiana Horsemen's Benevolent & Protective Association has been transferred to federal court, according to recently filed documents.

Receiver: Curlin Bids Will Go Forward

Receiver: Curlin Bids Will Go Forward

The court-appointed receiver managing the minority ownership in Horse of the Year Curlin said the sealed-bid process established Oct. 15 to possibly sell the 20% interest in the champion colt will go forward, despite a motion filed in attempt to halt it.

Churchill ADW Agreement Off the Table?

An agreement has reportedly fallen apart for signal distribution of the upcoming Churchill Downs fall meet to advance deposit wagering entities, according to horsemen representatives involved in the negotiations.

Motion Aims to Halt Curlin Sale Process

Motion Aims to Halt Curlin Sale Process

Although Keeneland has announced it has been retained to market the 20% minority interest in reigning Horse of the Year Curlin, a pending motion in a Kentucky court is asking for the current sale process to be halted.

Youbet Focus of Potential Takeover?

Youbet Focus of Potential Takeover?

A public equity investment firm managed by the president and chief executive officer of Youbet.com is considering several options for the online wagering and tote company, including a potential takeover, according to a recent filing with the Securities and Exchange Commission.

Will Trends Continue at OBS Mixed Sale?

Will Trends Continue at OBS Mixed Sale?

With a yearling auction season all but over, and one that delivered a sharp dose of economic reality, industry eyes will be fixed on the upcoming Ocala Breeders' Sales Co. fall mixed sale, the unofficial annual kick-off to the campaign of selling of broodmares and weanlings.

MEC Shares Plunge in Sept. 30 Trading

MEC Shares Plunge in Sept. 30 Trading

Shares of Magna Entertainment Corp. plummeted by more than 50% on heavier than average volume Sept. 30, prompting more concern for the owner of the site of next month's Breeder' Cup World Championships.

No ADW Issues Evident at Hawthorne

No ADW Issues Evident at Hawthorne

While signal distribution at racetracks continues to be a hot topic in the horse racing industry, that doesn't appear to be the case at Hawthorne Race Course, which opens its meet Sept. 26.

Cushion Track May Add Defendants to Case

Cushion Track May Add Defendants to Case

Cushion Track Footing and affiliated defendants have indicated in a recent court filing that they may countersue certain defendants in the federal lawsuit over Santa Anita Park's original synthetic surface.

Sci Games Seeks 'Quick-Picks' Dismissal

Sci Games Seeks 'Quick-Picks' Dismissal

Scientific Games claims the lawsuit brought against the gaming company over the recent "quick-picks" wagering situation cannot be judged in the California federal court system, and its settlement with the California Horse Racing Board was an appropriate measure to satisfy damages caused by any "alleged" defect in its betting systems.

Lawsuit Filed Over Penn National Deal

A Maryland attorney who is a shareholder of Penn National Gaming Inc. has filed a styled class-action lawsuit against the publicly-traded gaming company and certain of its executives over the failed buyout attempt by two investment entities.

No Early Issue with Breeders' Cup Signal

No Early Issue with Breeders' Cup Signal

Early handicapping on signal distribution of the Breeders' Cup World Championships shows the prestigious event will be available to a wide variety of outlets and bettors, at first glance calming fears of any "signal wars" fallout evident in other revenue-sharing disputes involving advance deposit wagering.

Einhorn Again Challenges MEC Parent

A long-time adversarial shareholder of MI Developments has asked the parent company of Magna Entertainment Corp. to re-examine its interest in the racing and gaming entity, calling MEC a "failed" business enterprise.

Lawsuits Filed over 'Quick Picks' Snafu

At least two lawsuits styled as class-action efforts have been filed in California against Scientific Games Corp. over the "quick-picks" wagering situation that came to light following the Kentucky Derby Presented by Yum! Brands (gr. I).

No 'Signal Wars' Evident at Turfway Park

No 'Signal Wars' Evident at Turfway Park

Turfway Park said Aug. 20 it has received horsemen's consent to distribute its racing signal for the upcoming fall under the auspices of the present exclusive agreement with TVG, thus ending any speculation of a standoff similar to those plaguing other tracks.

Several ADWs Increase Handle in Oregon

Several advance deposit wagering entities posted increased handle through the Oregon hub system in the second quarter of the year, despite an overall national decline blamed primarily on a revenue-sharing dispute between horsemen's groups and various tracks.

TVG Sale Process 'Moving Foward'

TVG Sale Process 'Moving Foward'

TVG, which posted partial-quarter net revenues of $8.8 million for new owner Macrovision Solutions Corp. Aug. 7, is still on the sales block. Officials with the parent company said the horse racing network has received multiple inquiries from undisclosed suitors.

CDI Pleased with Quarterly Results

CDI Pleased with Quarterly Results

Churchill Downs Inc. said Aug. 6 it was pleased with its second quarter results despite various challenges that left the company with flat earnings in year-over-year comparison, claiming a high-profile dispute with horsemen had "little impact" on certain aspects of its financial performance.

Wesley Perseveres in Hall of Fame Win

Wesley Perseveres in Hall of Fame Win

Willmott Stables' Wesley moved from last to first on the final turn before breaking free from a tightly-bunched field in deep stretch to win the National Museum of Racing Hall of Fame Stakes (gr. IIT) at Saratoga Race Course Aug. 4.

MTR Gaming Aims to Reduce Debt

MTR Gaming Inc. has defined as core assets its two Thoroughbred racinos and an Ohio harness track, and will examine sale possibilities of all other properties to reduce debt and raise shareholder value, the company said July 30.

KHBPA Files Counterclaim in CDI Lawsuit

The Kentucky Horsemen's Benevolent and Protective Association has formally filed a counterclaim in the federal antitrust lawsuit brought by Churchill Downs Inc. and affiliates, and has joined with other defendants asking for their dismissal from the case.

Penn National Ready to Move Forward

Penn National Ready to Move Forward

Flush with settlement funds from a failed buyout attempt from private equity groups, Penn National Gaming Inc. said July 24 it is ready to examine the many options it has for its future.

Wagering Plummets Since Triple Crown

Wagering Plummets Since Triple Crown

Wagering has dropped 11% on North American Thoroughbred racing since the end of the Triple Crown series -- at least by one indicator -- a disturbing trend that can likely be attributed to a variety of factors.

Bank Seeks ClassicStar Assets

Fifth Third Bank is asking a federal bankruptcy court for assistance in taking possession of certain assets held by ClassicStar LLC, including stallion shares and income from other sires.

MEC: Great Lakes Downs Sold

MEC: Great Lakes Downs Sold

Magna Entertainment Corp. has announced the sale of Great Lakes Downs to The Little River Band of Ottawa Indians for $5 million cash, less customary closing adjustments.

MI Developments Wins Greenlight Appeal

A New York investment company and affiliates have lost their appeal of a shareholder oppression lawsuit they originally filed against the parent company of Magna Entertainment Corp., with the Canadian judges affirming lower-court awarded indemnity costs of $2.1 million.

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