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A settlement has been reached in Jim McIngvale's lawsuit against multiple parties, according to a document filed in a Texas federal court May 3, paving the way for an end to the high-profile legal dispute involving alleged sales commission fraud.
Wednesday, May 09, 2007Youbet.com directed more criticism at the controversial content alliance of Churchill Downs and Magna Entertainment May 8, with one executive telling analysts during an earnings conference that the partners in TrackNet Media Group "ended up shooting not only themselves, but an entire industry."
Wednesday, May 09, 2007Meeting for the first time since its announced resurrection almost three months ago, the revived Sales Integrity Task Force left its May 7 gathering at Keeneland with proclaimed vows of providing quick and satisfying results.
Monday, May 07, 2007Regulators attending the Association of Racing Commissioners International annual conference April 26 approved a number of model rules, including the prohibition in horses of nearly all anabolic steroid use.
Tuesday, May 01, 2007A self-described horror story told by a fellow regulator provided dramatic background for a discussion on wagering security and integrity issues held April 25 during the Association of Racing Commissioners International annual conference.
Wednesday, April 25, 2007Emphatic calls for change in dealing with horse racing injuries and related prevention methods were made April 24 during a panel discussion at the annual Association of Racing Commissioners International Conference in Jackson Hole, Wyo.
Wednesday, April 25, 2007Frustrations with racetracks handling of recent jockey exclusions bubbled over during a committee meeting at the Association of Racing Commissioners International annual convention April 24, with attendees bemoaning the negative attention caused by the ongoing situation.
Tuesday, April 24, 2007A model rule that limits anabolic steroid use to four approved substances was unanimously passed in a committee hearing of the Racing Commissioners International annual conference April 23, highlighting the opening-day morning session of the annual conference of North American regulators in Jackson Hole, Wyo.
Tuesday, April 24, 2007Partners that own multiple grade II-winner Lawyer Ron are fighting over the career of the 4-year-old colt and are utilizing a Kentucky courthouse to wage their battles.
Friday, April 20, 2007A Kentucky judge has denied Frederic Sauque's request to be dismissed from Jess Jackson's fraud lawsuit involving the sale of the former Buckram Oak Farm, calling part of the agent's arguments for such an action "unfounded."
Wednesday, April 18, 2007Fifth Third Bank faces a possible contempt order in California on May 10 over an allegation that it violated a court-ordered agreement by asking Keeneland to withhold any purse money Great Hunter might earn in the Toyota Blue Grass Stakes (gr. I). The financial institution made the request to the track due to its claim of an interest in the colt.
Friday, April 13, 2007Hill 'n' Dale Sales Agency has filed a motion asking a Texas judge to dismiss it from James McIngvale's fraud lawsuit, the first member of the most recently-added defendants to respond with a filed court answer to the allegations.
Thursday, April 12, 2007The principal parties involved in a legal dispute over star runner Great Hunter have agreed on terms that could prevent controversy over the colt's scheduled start in the April 14 Toyota Blue Grass Stakes (gr. I), an attorney involved in the matter said.
Friday, March 30, 2007In an ongoing legal action that could possibly affect the future operation of slot machines at Gulfstream Park and other Broward County (Fla.) pari-mutuel facilities, the Florida Supreme Court agreed March 27 to rule on certain key issues in the dispute.
Thursday, March 29, 2007Attorneys for J. Paul Reddam have filed a lawsuit in California that seeks protection for star colt Great Hunter, who is the subject of a lien by a Kentucky bank.
Tuesday, March 27, 2007The New York Racing Association has asked a federal bankruptcy judge to dismiss a lawsuit filed by Lien Games Racing that seeks immediate distribution of winning wagers the North Dakota wagering outlet claims it is owed.
Wednesday, March 14, 2007Youbet reiterated its desire to work with the new TrackNet Media team of Churchill Downs and Magna Entertainment, hoping to build off a fifth-straight year the wagering company reported double-digit handle growth.
Tuesday, March 13, 2007Attorneys for James McIngvale have asked a Texas judge to drop Kentucky-based agency Eaton Sales from the list of named defendants in the horse owner's fraud lawsuit.
Monday, March 12, 2007Defendant Bruce Headley has reached an out-of-court settlement with Jess Jackson in the billionaire horseman's high-profile lawsuits, and has apparently agreed to cooperate in the investigation against his former associates.
Friday, March 09, 2007Amid news of improvement on operating losses and increased revenues, officials with Magna Entertainment also said during an earnings conference call March 5 that selling off prominent training centers in both California and Florida was within the realm of possibility.
Monday, March 05, 2007TVG Network's parent company reiterated claims Feb. 28 that a likely parting of ways with Churchill Downs will not have much affect on the racetrack network's bottom line in 2007.
Wednesday, February 28, 2007An official with Premier Turf Club is "disappointed" in what he feels is a lack of cooperation from racetrack signal providers, but is hopeful that the betting hub will be fully operational in the near future.
Wednesday, February 28, 2007A joint resolution that would allow voters of individual Florida counties to decide if they want specified forms of casino gaming is among at least two pieces of gaming legislation filed for the upcoming session of the Florida Legislature, which begins March 5.
Tuesday, February 27, 2007A North Dakota betting hub has broken ranks from other creditors with claims in the complex New York Racing Association bankruptcy case, filing a federal lawsuit that demands the racetrack operator immediately pay out over $1.6 million in net payoffs it claims it is owed from wagering pools.
Tuesday, February 27, 2007Proposed Kentucky legislation that sparked controversy in the Thoroughbred auction community was tabled Feb. 14 after a compromise was reached between the bill's backers and several entities related to the commonwealth's signature industry.
Wednesday, February 14, 2007Negotiations over proposed Kentucky legislation that would require disclosure of ownership and veterinary records of horses sold at public auction were held Feb. 13 at Keeneland in Lexington, with some tentative settlement plans discussed that would table the bill for at least a year.
Wednesday, February 14, 2007Racehorse owner James McIngvale has expanded his high-profile lawsuit against three horsemen to include several consignors allegedly involved in claimed fraudulent public auction transactions.
Wednesday, January 31, 2007A third federal lawsuit has been filed in relation to the one-time broodmare lease operation of ClassicStar and alleged affiliated members, a legal action that also names alleged financial advisers as defendants.
Wednesday, January 31, 2007An attempt by Jess Jackson's legal team to secure a partial pre-trial judgment against one of the defendants in the billionaire horseman's high-profile fraud lawsuit has been thwarted by a California judge.
Monday, January 22, 2007Tentatively dismissed from Jess Jackson's high-profile fraud lawsuit in California, international bloodstock agent Frederic Sauque seeks similar action in a related Kentucky lawsuit involving the sale of the former Buckram Oak Farm, according to documents recently filed in federal court.
Tuesday, January 09, 2007A federal judge has ordered ClassicStar and other defendants named in a multimillion-dollar lawsuit to produce certain documents by Jan. 26 or face the possibility of punitive measures.
Tuesday, January 09, 2007Touting their new advance deposit wagering enterprise as one developed "by players for players," backers of Premier Turf Club hope to reel in dollars currently being wagered with entities that operate outside the pari-mutuel arena.
Monday, January 08, 2007Calder Racecourse's Grand Slam III card will be short seven scratched entries as a result of a Dec. 29 decision by Florida state officials to keep the equine herpesvirus (EHV-1) quarantine in place at Payson Park Training Center.
Friday, December 29, 2006Barring an always-possible turn of events, the recent outbreak of equine herpesvirus (EHV-1) in Florida might have a minimal impact on the state's racetracks.
Wednesday, December 27, 2006Gulfstream Park Racing & Casino is moving forward with a plan for a second-phase of 700 slot machines, and has also secured a commitment of $1 million in partnered investment help from the Florida Horsemen's Benevolent & Protective Association, it was announced Dec. 22.
Friday, December 22, 2006Jim Scott has returned for a second tour of duty as farm manager of George Steinbrenner's Kinsman Farm near Ocala, Fla., replacing the departed Edward Sexton.
Thursday, December 21, 2006ESPN's "Wire To Wire" digest show will be eliminated in 2007, but the amount of live coverage hours of horse racing on the network will increase slightly, part of a retooling of the lineups for the sports cable company and affiliated broadcast network ABC.
Tuesday, December 19, 2006Churchill Downs announced Dec. 13 that it has reached an agreement to sell its majority interest in Hoosier Downs to former minority partner Centaur Inc.
Wednesday, December 13, 2006With executives from the three largest North American tote companies sitting before them, some attendees in a panel discussion at the 33rd Racing & Gaming Symposium Dec. 6 wondered why the trio of bet-processors couldn't work together better for the convenience of the consumer.
Wednesday, December 06, 2006Patrons of Maryland Jockey Club simulcast signals will have a full-time opportunity to bet on races from South America starting Dec. 29, by virtue of an agreement announced Dec. 6 at the 33rd Racing & Gaming Symposium in Tucson, Ariz.
Wednesday, December 06, 2006The loss of star racehorses in training and the negative effect it has on the sport was a hot topic during a panel discussion Dec. 5 at the 33rd Symposium on Racing & Gaming in Tucson, Ariz.
Wednesday, December 06, 2006The loss of star racehorses in training and the negative effect it has on the sport was a hot topic during a panel discussion Dec. 5 at the 33rd Symposium on Racing & Gaming in Tucson, Ariz.
Wednesday, December 06, 2006Racing can learn much from its partners from the casino business, a panel of analysts told a couple hundred participants Dec. 5 in the 33rd Symposium of Racing & Gaming in Tucson, Ariz.
Tuesday, December 05, 2006In an ongoing legal action that could affect the future operation of slot machines at Gulfstream Park and other Broward County (Fla.) pari-mutuel facilities, the Florida First Court of Appeals recently asked the state's supreme court to rule on a certain key issues in the dispute.
Friday, December 01, 2006Churchill Downs announced a staff reduction of 30% of the company's full-time corporate workforce Dec. 1, a move that will eliminate 22 positions in a variety of departments.
Friday, December 01, 2006Attorneys representing Jess Jackson's Stonestreet Farm have filed a lawsuit in a Kentucky federal court, leveling charges of fraud in the $17.5 million sale of the former Buckram Oak Farm.
Tuesday, November 28, 2006The Kentucky Real Estate Commission says that four of the principal defendants named in Jess Jackson's prominent fraud lawsuit violated state laws in providing unlicensed real estate services to the California vintner and horseman in connection with the $17.5 sale of the former Buckram Oak Farm near Lexington.
Wednesday, November 22, 2006Churchill Downs has filed a two-tier lawsuit against the operating company of TVG, seeking damages connected to the racetrack operator's joint broadcast venture in Great Britain and Ireland called "Racing World."
Tuesday, November 21, 2006Fans and bettors made the Breeders' Cup World Championships' first appearance at Churchill Downs in six years a big one with record numbers for all-sources and on-track handle.
Saturday, November 04, 2006A federal judge has signed an order that fully clears the way for horses cataloged in the ClassicStar dispersal to be sold in the Nov. 5 Fasig-Tipton Kentucky select mixed sale.
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