+10000000)+'&millis='+new Date().getTime()+'&zid=472&referrer='+encodeURIComponent(document.location)+')
TVG has taken umbrage with a published report about the joint dismissal of a lawsuit brought against the account wagering company by Churchill Downs Inc., claiming there was no settlement involved.
Friday, October 12, 2007
A federal search warrant was served at the California headquarters of Youbet.com Oct. 4 as part of a federal investigation being conducted by the U.S. Attorney's Office in Las Vegas, the company has reported.
Wednesday, October 10, 2007A public forum on preliminary recommendations by the Sales Integrity Task Force to the Kentucky legislature on auction transparency issues will be held at the Keeneland sale pavilion Oct. 15 at 1 p.m. EDT.
Thursday, October 04, 2007The legal battle focused on Lawyer Ron has been jointly dismissed by the involved parties, and a decision on the racing future of the multiple grade I winner is expected shortly.
Tuesday, October 02, 2007A court ruling has set the stage for a trial over whether slots can continue at Gulfstream Park and other Broward County pari-mutuel facilities.
Friday, September 28, 2007Colonial Downs and Virginia horsemen have filed a lawsuit claiming Youbet.com is operating illegally without a license in the commonwealth, and want the advance deposit wagering company to pay back hundreds of thousands of dollars in lost source-market fees.
Friday, September 28, 2007
Jess Jackson's California lawsuit against Emmanuel de Seroux was settled Sept. 24, one week before a trial over the blockbuster case was scheduled to start, attorneys affiliated with the case have confirmed.
Tuesday, September 25, 2007
Led by the $122,000 given for a half-sister to grade II winner Dream Rush, the Sept. 24 session of the 2007 Keeneland September yearling sale again produced lofty percentage increases over the corresponding 2006 session.
Monday, September 24, 2007The recent filing for bankruptcy protection by ClassicStar LLC will streamline claims against the one-time broodmare lease operator, an attorney for the embattled entity says, but its effect on multiple legal actions already in the pipeline isn't exactly clear.
Thursday, September 20, 2007Harold Plumley has put his Florida Thoroughbred property and business up for sale as a turn-key operation, a move the horse owner and breeder said is part of prudent financial planning.
Wednesday, September 19, 2007The president of a Louisiana horsemen's group has promised legal and legislative action if a solution isn't soon realized in the fractured advance deposit wagering industry.
Friday, September 14, 2007
State legislators hearing the second report by the Sales Integrity Task Force on transparency issues in the Kentucky equine auction industry expressed mixed opinions about the group's progress during a public meeting held Sept. 13 in the Lexington Room at Keeneland Race Course.
Thursday, September 13, 2007Fraud prevention and tax planning was the focus of a series of seminars held in Lexington, Ky., Sept. 12.
Wednesday, September 12, 2007
Someone wanting to play percentages for yearlings selling for $1 million or more may need to look no further than the broodmare band of husband/wife breeders Aaron U. and Marie D. Jones.
Wednesday, September 12, 2007
With six months down and four to go - and dealing with such hot-button issues as ownership disclosure, medical disclosure, and agent licensing - where does the Sales Integrity Task Force stand?
Wednesday, September 05, 2007With six months down and four to go - and dealing with such hot-button issues as ownership disclosure, medical disclosure, and agent licensing - where does the Sales Integrity Task Force stand?
Wednesday, September 05, 2007
Dwight Manley has announced his resignation as the Jockey's Guild national manager, it was announced Sept. 5, a position expected to be filled by industry veteran Terry Meyocks.
Wednesday, September 05, 2007
Group III-winning juvenile Fast Company has been sold by Earle I. Mack to Darley for an undisclosed price, it was confirmed Aug. 29.
Wednesday, August 29, 2007A series of owners' seminars focusing on fraud and tax issues in the Thoroughbred industry is scheduled for Sept. 12 in Lexington, and will be hosted by a group of attorneys that include those involved in the high-profile James McIngvale lawsuit.
Wednesday, August 29, 2007Magna International shareholders approved a plan Aug. 28 that will allow Russian Machines to acquire a 42% stake in the international auto parts supplier for $1.5 billion.
Tuesday, August 28, 2007A group of bettors angered at the divisive state of advance deposit wagering has taken action by staging what it termed a "buycott" at a New Mexico racetrack, and also launched a protest Web site against a content provider.
Monday, August 27, 2007
Ocala Breeders' Sales Co. realized increases in average and median prices during the open sale portion of its annual August yearling sale that finished Aug. 24 and recorded a final gross total nearly the same as last year.
Friday, August 24, 2007A group of bettors frustrated with the fractured structure of advance deposit wagering are planning protests against racing entities they believe are responsible for the industry sector's ills.
Wednesday, August 22, 2007A lawsuit by the Jockeys' Guild against former chief executive officer Wayne Gertmenian and others has been dismissed by a Los Angeles federal court judge, but a related California state court trial is still scheduled for mid-October.
Wednesday, August 15, 2007Trainer Barclay Tagg went to $50,000 on behalf of David Mahan for a Lion Hearted colt to top the Fasig-Tipton Saratoga open yearling sale held Aug. 14 in Saratoga Springs, N.Y. The auction realized declines in gross, median, and average from last year's event while selling three more horses.
Tuesday, August 14, 2007Two owners of Preakness Stakes (gr. I) winner Curlin were deemed flight risks by a judge presiding over a criminal trial in which they are involved, an opinion which led directly to the defendants' immediate incarceration.
Monday, August 13, 2007A day after announcing new initiatives to reduce debt, Magna Entertainment Corp. hosted an earnings conference call Aug. 10 that was deemed by one financial analyst to be "irregular."
Friday, August 10, 2007Magna Entertainment Co. announced "disappointing" second-quarter earnings Aug. 9 that included a $23.4-million loss during the period, and outlined new initiatives to help reduce mounting debt that has haunted the racetrack operator.
Thursday, August 09, 2007Led by the efforts of Eldon Farm Equine, the majority of horses previously sold at auction that passed through the sales ring during the Aug. 7 session of the Fasig-Tipton Saratoga yearling sale realized significant gains.
Thursday, August 09, 2007MTR Gaming Group realized a 40% increase in net revenues for the second quarter, according to financials released Aug. 9, but recorded a net loss of $502,000 as the company battled slots competition from neighboring Pennsylvania.
Thursday, August 09, 2007Fewer than half the 17 horses previously sold at auction produced a resale profit after going through the sale ring at the Aug. 6 opening session of the Fasig-Tipton Saratoga yearling auction.
Tuesday, August 07, 2007
David Mueller knows all about flying high, so he was pleased to see a horse he bred soar among the top prices realized in the Aug. 6 opening session of the Fasig-Tipton Saratoga yearling sale.
Tuesday, August 07, 2007
Bumper stickers are a time-honored way for drivers to communicate feelings to motorists, but Taylor Made Sales has recently been using its own variation of sticky notes to convey catalog updates to potential buyers.
Monday, August 06, 2007
With wife Beverly and son Jeff at the helm, surviving family members of the late Robert Lewis say they are happily fostering the ebullient owner's passionate flame for racing.
Sunday, August 05, 2007
Despite the sharp decline realized in the stock market the last couple of weeks, horsemen readying for the Aug. 6-7 Fasig-Tipton Saratoga select yearling sale aren't particularly worried about its effects on purchasing at the auction at least for now.
Saturday, August 04, 2007Lawyer Ron's victory in the July 28 Whitney Stakes (gr. I) at Saratoga apparently has had no impact on the lawsuit between his owners, a legal dispute that one of the principal parties described as being "in limbo."
Wednesday, August 01, 2007Questionable Thoroughbred industry sales practices that have been forced into the spotlight by lawsuits and legislation are apparently on the decline.
Tuesday, July 31, 2007Saying it was responding to the pleas of horsemen, TrackNet Media Group will offer Aug. 4 Claiming Crown racing at Ellis Park to arch-rivals TVG and Youbet.com, though a company executive said the move doesn't indicate a softening of the hard lines drawn by the parties.
Tuesday, July 24, 2007
A bill that empowers Florida's state government to set rules regarding transparency issues in the sale of horses was recently signed into law by Gov. Charlie Crist.
Friday, July 06, 2007
Ocala Breeders' Sales Co. announced June 29 that it will convert its training track from dirt to the all-weather surface Safetrack.
Friday, June 29, 2007After months of having fingers pointed at them, the principal parties involved in the ongoing ClassicStar legal saga are now taking shots at each other.
Friday, June 22, 2007Michael Neuman, who was hired in late February as the chief executive officer of Magna Entertainment Corp., is leaving the company, it was announced June 22.
Friday, June 22, 2007ClassicStar has filed a series of legal documents that both level allegations of blame against two of their former executives and make a request to consolidate a cross-country myriad of federal lawsuits into a Kentucky federal court.
Thursday, June 21, 2007Former professional basketball player Greg Minor is among the latest to join a long list of investors who claim former broodmare lease operator ClassicStar and its affiliates caused them to lose large sums of money.
Monday, June 18, 2007A new entity called Woodford Thoroughbreds is setting up shop at the former ClassicStar Farm near Versailles, Ky., a venture that will include the transfer of John Sykes' Cloverleaf Farm II operation from Florida.
Tuesday, June 05, 2007John Sykes has confirmed he is moving his Cloverleaf Farm II operation from Florida to a Kentucky location, a site that is believed to be ClassicStar Farm in Woodford County.
Monday, June 04, 2007TVG has filed a lawsuit against Magna Entertainment Corp., HRTV, and XpressBet for alleged patent infringement, the company announced May 18.
Wednesday, May 23, 2007Though the net result was slightly less than last year's effort, Pimlico Race Course still realized its fourth-highest wagering day ever May 19 for its card highlighted by the Preakness Stakes (gr. I).
Monday, May 21, 2007Two defendants named in Jess Jackson's California lawsuit involving alleged horse sale fraud have reached separate settlement agreements with the horse owner, attorneys on both sides of the legal action have confirmed.
Monday, May 14, 2007Officials with Magna Entertainment spent a good deal of time May 9 highlighting the company's continued attack on staggering debt, and how it will correct an admittedly disappointing start for the slots operations at Gulfstream Park.
Wednesday, May 09, 2007+10000000)+'&millis='+new Date().getTime()+'&zid=473&referrer='+encodeURIComponent(document.location)+')
+10000000)+'&millis='+new Date().getTime()+'&zid=476&referrer='+encodeURIComponent(document.location)+')
+10000000)+'&millis='+new Date().getTime()+'&zid=366&referrer='+encodeURIComponent(document.location)+')
Copyright © 2013 Blood-Horse Publications. All rights reserved internationally.
+10000000)+'&millis='+new Date().getTime()+'&zid=601&referrer='+encodeURIComponent(document.location)+')