Ryan Conley

Youbet.com Subject of Virginia Licensing Lawsuit

Colonial 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.

Sales Integrity Task Force Report Draws Mixed Reviews

Sales Integrity Task Force Report Draws Mixed Reviews

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.

Seminars to Focus on Fraud and Tax Issues

A 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.

Betting Group Launches Protest Actions

A 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.

Fasig-Tipton Saratoga Open Sale Sees Declines

Trainer 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.

Magna Entertainment Ready to Take 'Drastic Action'

Magna 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.

Legal Battle Over Lawyer Ron's Career 'in Limbo'

Lawyer 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."

TrackNet to Offer Claiming Crown to Rivals

Saying 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.

ClassicStar Files Claims Against Former Executives

ClassicStar 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.

Preakness Card Realizes Small Handle Decline

Though 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).

Magna Packaging Properties to Drive Down Debt

Magna Packaging Properties to Drive Down Debt

Officials 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.

Most Popular Stories