Articles posted April 6, 2001

Headlines and features from the Thoroughbred industry

Meadowlands: No Disruption in Racing Despite Report

The New Jersey Sports and Exposition Authority said Friday there is no plan to suspend racing at The Meadowlands and relocate to Monmouth Park should a NASCAR track be built at the East Rutherford facility. The NJSEA issued the statement in response to an article that appeared in the Star-Ledger newspaper April 6.

New York OTB Bidders Down to Two; Pataki Supports Sale

The long process to name a purchaser for New York City Off-Track Betting Corp. reached an expected final step when city government narrowed the field to two final bidders: a consortium headed by the New York Racing Association, and another by Magna Entertainment. Meanwhile, Gov. George Pataki, in a brief interview this week, said he favors the sale of NYCOTB. Pataki, who can kill any deal when it comes to Albany for review, has been largely silent on the issue in recent months.

Gtech Earnings Fall for Fourth Quarter

Gtech, one of the county's largest lottery company and a one-third owner of Turfway Park, reported declines in earnings per share for its fourth quarter and fiscal year ending Feb. 24. Fourth quarter earnings fell 13.8% to 75 cents per diluted share, and earnings for the fiscal year dropped 51.5% to $1.25 per diluted share.

Magna Finishes $53 million Ladbroke Deal

Magna Entertainment has completed a deal to acquire an account wagering system, The Meadows harness track, four off-track betting parlors, and an 18% interest in The Racing Network for $53 million in cash, stock, and a promissory note.

Songandaprayer Works; Accident Disrupts Keeneland Training Regimen

Devil Eleven Stable and D J Stable's Fountain of Youth (gr. I) winner Songandaprayer worked five furlongs in a quick :59 2/5 at Keeneland Racecourse Friday morning in preparation for the Toyota Blue Grass Stakes (gr. I). The workout by the bay colt with the distinctive blaze was held up for more than an hour when Keeneland's main track was closed due to a training accident.

Outofthebox Headlines Flamingo

Outofthebox, runner-up in both the Fountain of Youth Stakes (gr. I) and the Florida Derby (gr. I) at Gulfstream this winter, will be a short-priced favorite Saturday at Hialeah in the $250,000 Flamingo Stakes (gr. III) at 1 1/8 miles.

Ashland Stakes Draws 11

Golden Ballet is expected to be the favorite in Saturday's $500,000-added Ashland Stakes (gr. I) at Keeneland. The daughter of Moscow Ballet comes into the race with six consecutive victories including the Santa Anita Oaks (gr. I) and the Las Virgenes Stakes (gr. I).

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Trainer: Steven M. Asmussen
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Jockey: Brian Joseph Hernandez, Jr.
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