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There may be more opportunities for Thoroughbreds to race in Florida in the coming years as at least one proposed Quarter Horse track has received a permit from the state, with a second such facility under consideration for similar licensing.
Wednesday, December 19, 2007
Churchill Downs has filed a lawsuit against Midnight Cry Stable's co-owners, saying it wants a court to decide who should get purse money earned by their runners.
Saturday, December 15, 2007
Keeneland's record-setting November breeding stock came to a close Nov. 19, setting a new standard for gross receipts of $340,877,200.
Friday, December 14, 2007
A deal struck between TVG and the New Jersey Sports and Exposition Authority extends the network's previous agreement for rights to signals from Monmouth Park and Meadowlands, but allows the NJSEA to separately negotiate with entities affiliated with TrackNet Media Group.
Thursday, December 13, 2007The parent company of the The Meadows Racetrack and Casino in Pennsylvania, which is operated in part by former owner Magna Entertainment Corp., has been sold for $1.75 billion to an Australian entity, it was announced Dec. 12.
Thursday, December 13, 2007
Bernie Hettel has reached an agreement to settle a federal lawsuit with the Kentucky Horse Racing Authority and others, based on an apology from the agency in regard to actions taken after his 2004 departure as executive director of the former Kentucky Racing Commission.
Monday, December 10, 2007A Las Vegas federal jury has awarded nearly $1.9 million in damages to a New York horsewoman and her partners in a case involving the undisclosed sale of shares and seasons of prominent Thoroughbred stallions.
Wednesday, December 05, 2007
Chuck Champion has resigned his executive positions with Youbet.com, ending a five-year tenure that featured bouts of growth and turmoil for the advance deposit wagering entity.
Friday, November 30, 2007
Chris Dragone knows he is wading into some fiery situations as the new head of the Maryland Jockey Club, but said he is more than willing to take whatever heat necessary to right a rocky ship.
Friday, November 30, 2007
Magna Entertainment Corp. has overhauled the ailing slots operation at its Gulfstream Park Racing and Casino complex by reducing the amount of machines it offers and expanding its simulcasting area.
Thursday, November 29, 2007
The financially troubled Jockeys' Guild has slightly more assets than liabilities, but projects a working monthly deficit of nearly $120,000, according to documents filed Nov. 26 in compliance with the group's bankruptcy protection action.
Tuesday, November 27, 2007
Magna Entertainment's debt-reduction sale of what it deems excess assets is under way with at least four properties already listed with real estate agents.
Tuesday, November 20, 2007
Fueled by a record total from TVG, wagers handled through Oregon hubs jumped 19.7% for the third quarter of 2007, according to data released by the state's racing commission.
Monday, November 19, 2007
Canterbury Park's parent company reported increased income during the third quarter of 2007 despite experiencing a 5% decline in total handle since the beginning of the year.
Thursday, November 15, 2007
Trainer Kenny McPeek has filed a lawsuit in Kentucky against a company involving two jailed attorneys who are part owners of leading Horse of the Year candidate Curlin, alleging he is owed money from the previous sale of the horse.
Tuesday, November 13, 2007
International Racing Group has contested a decision by the Oregon Racing Commission to suspend its state operating license, and will continue to conduct business through its hub pending an administrative law hearing.
Tuesday, November 13, 2007Buyers at the eighth session of the Keeneland November breeding stock sale kept things rolling Nov. 12, pushing the gross, average, and median towards positive gains in a session-to-session comparison over 2006.
Monday, November 12, 2007Legislators embraced recommendations of self-regulation for Kentucky horse auctions during a committee session Nov. 9, and applauded the effort of the Sales Integrity Task Force that formulated them.
Friday, November 09, 2007
Churchill Downs Inc. reported a 7.1% increase in net revenue for the third quarter of 2007, but realized a 62.9% decline in net earnings, as the company's chief executive voiced hope for the future on a variety of fronts during a Nov. 8 conference call.
Thursday, November 08, 2007
Youbet.com reported a decline in overall handle and increase in total revenue for the third quarter of 2007, but a related earnings conference call with analysts Nov. 7 was punctuated by discussion of the federal investigation involving the company's off-shore entity, International Racing Group.
Wednesday, November 07, 2007
Jess Jackson's Stonestreet Stables and George Bolton have acquired Padua Stables' interest in likely Horse of the Year Curlin, whose ownership structure has been under a cloud due to legal actions involving the principals of another part-owner, Midnight Cry Stable.
Tuesday, November 06, 2007
About 50 members of the horse industry met in a public forum setting Oct. 29 to discuss the potential impact of a new Florida law that authorizes regulation in public and private sales.
Monday, November 05, 2007
An attorney representing a limited liability company that includes embattled attorneys William Gallion and Shirley Cunningham Jr. claims his client's ownership interests in likely Horse of the Year Curlin is still intact, and is not in the hands of 400-plus plaintiffs in a class-action lawsuit settlement.
Saturday, November 03, 2007
One of the owners of likely Horse of the Year Curlin claims the recent order handed down by a Kentucky judge only affects the minority interest of embattled attorneys William Gallion and Shirley Cunningham Jr.
Friday, November 02, 2007
Magna Entertainment blamed the weak performance of its slots operation at Gulfstream Park Racing & Casino as a key to another in a series of poor financial quarters, as the company announced a $49.8 million net loss ending Sept. 30.
Friday, November 02, 2007
The parent company of TVG reported a record handle of $148.5 million for the third quarter of 2007, and announced a new wagering partnership in New York during a Nov. 1 conference call with analysts.
Thursday, November 01, 2007
International Racing Group and parent company Youbet.com are facing a Nov. 12 deadline in regards to IRG's license to operate a wagering hub in Oregon, and basically have two avenues to pursue for continued operation there.
Thursday, November 01, 2007
Next year's Breeders' Cup World Championships are set for the Oak Tree meet at Santa Anita Park, but which venue will host the event beyond that running is still in the works.
Thursday, November 01, 2007
Some patrons of the Breeders' Cup World Championships didn't have a good time, and they aren't blaming it on the weather.
Wednesday, October 31, 2007
Former Youbet co-founder and chief executive officer David Marshall has resigned his position as vice-chairman of the company's board of directors, according to an Oct. 30 filing with the U.S. Securities and Exchange Commission.
Tuesday, October 30, 2007
Just as severe weather played havoc with many facets of the 2007 Breeders' Cup, the blustery, sloppy conditions hit the bottom line of handle figures at Monmouth Park during the first-ever two-day World Championships.
Sunday, October 28, 2007
A total of $111,903,685 was wagered from all sources on the 11-race Breeders' Cup World Thoroughbred Championships card at Monmouth Park Oct. 27, according to preliminary data, a decline of 20.3% from the all-time record set at Churchill Downs last year.
Saturday, October 27, 2007
English Channel pulled away from a tight pack coming out of the final turn and exploded through the stretch to win his first $3 million John Deere Breeders' Cup Turf (gr. IT) in three tries, beating a field that included European star Dylan Thomas.
Saturday, October 27, 2007
Kip Deville split horses at the top of the stretch and overtook a host of rivals with a strong move to win the $2 million NetJets Breeders' Cup Mile (gr. IT) at Monmouth Park Oct. 27.
Saturday, October 27, 2007
A new all-sources handle of $30,370,671 was established for Monmouth Park during the Oct. 26 running of the Breeders' Cup World Championships, the track has reported.
Friday, October 26, 2007
Nownownow, transferred this week from troubled trainer Patrick Biancone to his assistant Francois Parisel, rallied from last at the quarter pole to win the inaugural running of the $916,000 million Breeders' Cup Juvenile Turf Oct. 26 at Monmouth Park.
Friday, October 26, 2007A public forum to discuss a new state law concerning the sale of horses in Florida will be held Oct. 29 in Tallahassee.
Thursday, October 25, 2007
While Terry Finley is flying high with his West Point Thoroughbreds having interests in five horses entered in the Oct. 26-27 Breeders' Cup World Championships, the owner and his partners are lying low with regard to one of their former trainers.
Thursday, October 25, 2007Several lawsuits pending against ClassicStar have been consolidated into a single action to be heard in Kentucky federal court, but the primary operating entity of the former broodmare-lease marketer will be temporarily exempt from litigation pending its bankruptcy action.
Tuesday, October 23, 2007
Several lawsuits pending against ClassicStar have been consolidated into a single action to be heard in Kentucky federal court, but the primary operating entity of the former broodmare-lease marketer will be temporarily exempt from litigation pending its bankruptcy action.
Tuesday, October 23, 2007
The Oregon Racing Commission has notified International Racing Group that it intends to suspend its state operating license as an advance deposit wagering company, but parent company Youbet.com says it is working to prevent such an event.
Friday, October 19, 2007
Bill Casner has resigned as a director of Horse Owners' Protective Association, saying he is leaving the advocacy group in reaction to comments recently made by fellow founder Jess Jackson in regard to the Sales Integrity Task Force.
Friday, October 19, 2007The Oregon Racing Commission is looking into whether there are any statutory licensing actions to be taken against International Racing Group, which has had $1.5 million in funds seized by federal authorities.
Thursday, October 18, 2007
Breeders' Cup Ltd. has anounced agreements to carry the World Championship signals with all major account deposit wagering platforms, including Youbet.com, which has been involved in a federal investigation regarding activities of its off-shore wagering entity, International Racing Group.
Thursday, October 18, 2007Even though preliminary recommendations on self-regulation for the auction industry have been released by the Sales Integrity Task Force, the Kentucky legislature still has several months before it will act on them.
Thursday, October 18, 2007
TrackNet Media Group is confident it will execute a contract to carry the Breeders' Cup World Championships signal, an executive with the content management company said Oct. 16.
Tuesday, October 16, 2007
Preliminary recommendations aimed at self-regulation for the equine auction industry were unveiled by the Sales Integrity Task Force during a public forum held at the Keeneland sales pavilion Oct. 15, but the driving force behind Kentucky legislation seeking reform in the public selling arena quickly voiced displeasure with the suggestions.
Monday, October 15, 2007
Several advance deposit wagering companies have yet to secure contracts for the Breeders' Cup World Championships, a consultant said Oct. 15.
Monday, October 15, 2007A public forum on preliminary recommendations by the Sales Integrity Task Force to the Kentucky legislature on auction transparency issues will be held at Keeneland Oct. 15 at 1 p.m.
Sunday, October 14, 2007
Youbet.com disclosed Oct. 12 that the federal government has seized $1.5 million in funds from three Nevada bank accounts affiliated with the company's off-shore entity, IRG.
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