Canadian drug maker Biovail Corp., which was formerly headed by prominent Thoroughbred owner-breeder Eugene Melnyk, agreed March 24 to pay a $10-million fine to resolve federal regulators' charges of civil accounting fraud and deceiving investors and analysts.
A plan to help New Jersey's struggling horse racing industry while protecting casinos from video gambling machines at racetracks has cleared a hurdle in the state legislature.
A quarantine at Charles Town Races & Slots in West Virginia was lifted March 13 after officials determined a horse stabled there was not suffering from equine herpesvirus.
The financial health of Magna Entertainment Corp. could become part of the debate about legalizing slot machines in Maryland, as supporters and detractors ready for a statewide referendum in November.
With a contentious proposal to legalize casinos stalled in the House, a lawmaker is floating a compromise measure that would allow only slot machines and video poker at Kentucky racetracks.
Hall of Fame jockey Jose Santos has settled his libel lawsuit against The Miami Herald over an article raising questions about his actions aboard 2003 Kentucky Derby (gr. I) winner Funny Cide.
MTR Gaming Group said Jan. 16 its Mountaineer Casino, Racetrack & Resort reported about $3 million in revenue from table games and poker since the full ramp-up of table-game operations in late December.
Antitrust regulators cleared security-software maker Macrovision Corp.'s $2.8 billion purchase of television listings company Gemstar-TV Guide International, Inc., a government agency recently announced.
Shares of Scientific Games Corp. tumbled to its lowest point in more than three years Jan. 16 as the lottery services supplier reeled from the loss of its third online contract within a month.
Gov. Ed Rendell plans to merge the agencies that regulate horse racing in Pennsylvania.
Representatives from Kentucky's Thoroughbred racetracks pitched legalized casino gambling to a state legislative panel Jan. 9, and suggested they haven't decided whether gambling halls would be located at tracks.
More than 400 people want to cash in on Curlin in a move that could put partial ownership of the leading Horse of the Year candidate on the sheriff's auction block.
Penn National Gaming Inc., which operates casinos and racetracks, said Dec. 12 its shareholders overwhelmingly approved its $6.1-billion takeover by two investment companies.
Macrovision Corp., which develops technology to prevent unauthorized copying and viewing of video, music and other content, said Dec. 7 it will buy the parent company of TVG, Gemstar-TV Guide International Inc,. for $2.8 billion in cash and stock.
The Maryland legislature has approved a measure for a November 2008 referendum on slot machines, and also voted for a package that raises taxes in the state by $1.3 billion.
The Maryland House of Delegates put off voting on whether the state should have a referendum on slot-machine gambling after a day of changes in the proposal Nov. 15. The issue is on the agenda when the House reconvenes Nov. 16.
The legislative race for slot machines in Maryland hit fever pitch Nov. 2 with rallies in the state capital.
The New York Racing Association has filed a Chapter 11 plan in which it plans to surrender a claim of ownership to Thoroughbred tracks in exchange for the right to run the facilities for the next 30 years.
A federal judge has dismissed a case involving a dispute between a company owned by an American Indian tribe and a Kentucky horsemen's group over simulcast signals from Churchill Downs.
The drunken driver who caused a crash that severed the arm of a groom for Lava Man, the richest claiming horse in Thoroughbred racing history, was sentenced Oct. 4 to five years in state prison.
With the Breeders' Cup World Championships at Monmouth Park only a month away, the New Jersey State Police has reassigned four detectives that have made up its "horse racing investigative unit" and replaced them with two retired detectives.
A state law that severely limited the ability of South Florida horse racing tracks to simulcast events from other pari-mutuel facilities is unconstitutional because of the way it was adopted, the Florida Supreme Court ruled Sept. 6.
Another fight is brewing over whether Michigan's racetracks should be allowed to add casino-style gambling.
Three lawyers jailed while awaiting trial on charges of bilking clients of millions of dollars in a diet drug settlement will have to wait a little longer to see if they'll be freed.
Three lawyers jailed while awaiting trial on charges of bilking clients of millions of dollars in a diet drug settlement will get a chance to argue for their freedom while awaiting trial.
MTR Gaming Group Inc. reported Aug. 9 it swung to a loss in the second quarter due to costs related to the launch of its new slots parlor at Presque Isle Downs racetrack in Pennsylvania.
Philadelphia Park Casino executives drew a rebuke from state regulators Aug. 7 over their unfinished plans to reshape the design of a permanent gambling hall they want to build next to the Thoroughbred racetrack.
A United States federal judge dismissed a lawsuit July 30 seeking damages from two United Arab Emirates leaders for the use of thousands of children to ride racing camels, saying the case does not belong in U.S. courts.
Belmont Stakes (gr. I) winner Rags to Riches was declared fit and ready to resume training July 30 with a start in the Alabama Stakes (gr. I) at Saratoga Aug. 18 still a possibility.
The nation's last horse-slaughtering plant can reopen while it challenges a state law that forced it to close twice in the last two months, an Illinois federal appeals court ruled.
Mohegan Sun, which operates one of the world's most successful casinos in Connecticut, has formed a partnership with one of the bidders hoping to run Thoroughbred racing in New York state.
Gemstar-TV Guide, which owns TVG, the account wagering service and horse racing network and publishes TV Guide magazine, said July 9 it had hired investment bankers to explore strategic alternatives, including the sale of the company.
The Cavel International horse slaughterhouse in Illinois will remain closed after a federal judge dismissed the company's challenge to the state law that shut it down.
Four years removed from making a run at a Triple Crown, even-money choice Funny Cide returned to the winner's circle at Finger Lakes, a track far removed from the majesty of Churchill Downs.
The 8th U.S. Circuit Court of Appeals said it will not review its decision to overturn the case against Susan Bala, the founder of Racing Services Inc. who was convicted in 2005 of illegal gambling.
Charles Town Races & Slots, owned by Penn National Gaming Inc., lost its bid to add table games in a June 9 referendum in Jefferson County, West Virginia.
Illinois Gov. Rod Blagojevich has signed legislation that outlaws killing horses for human consumption.
MTR Gaming Group Inc. said May 16 its first-quarter profit fell from last year, as interest expenses increased due to borrowings for new construction.
The horsemen's group at Philadelphia Park Casino & Racetrack is fighting a petition by the track to add to its temporary slot-machine casino and delay construction of a permanent facility.
Harrah's Entertainment Inc., which is being bought by private equity firms in a $17.1 billion deal, said May 8 its first-quarter earnings edged up 2%, as higher Las Vegas and Atlantic City revenue offset increased operating costs.
Two congressmen introduced legislation May 4 that would provide injury insurance for jockeys and others who work in horse racing, but last year the proposal was met with stiff resistance from groups in the racing industry.
Gemstar TV Guide International Inc., publisher of TV Guide magazine and parent company of TVG Network, reported higher first-quarter profit May 3, as its interactive program guides for cable and satellite TV drove revenue.
Video gambling machines similar to slot machines could be installed at several dog and horse tracks around Florida, with the state's share of profits going toward a reduction in property taxes, under a bill approved Monday by a House council.
Several entries will have had long layoffs, something that was once unheard of
Harrah's Entertainment Inc. shareholders approved a $17.1 billion buyout by two private equity groups April 5 in the largest deal ever to take a publicly held casino company private, officials said.
Four groups have submitted bids to operate New York's Thoroughbred racing franchise, and a final decision could be made by the end of May.
Casino and racetrack operator MTR Gaming Group Inc. reported April 2 its fiscal fourth-quarter profit increased sharply due to higher sales and a significant increase in interest income.
Charges were dropped against a Nebraska veterinarian accused of injected horses with vodka after three witnesses in the case couldn't be located to testify.
Casinos and slot machines at horse and dog tracks were approved by the Senate early Thursday morning, ending a day of filibustering that gave supporters time to corral enough votes to send the bill to Gov. Kathleen Sebelius.
A group of investors is proposing a Quarter Horse racetrack for south-central Kentucky and is seeking a license from the Kentucky Horse Racing Authority.
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