Negotiations to permit the New York Racing Association to lower its pari-mutuel takeout, which NYRA believes will increase wagering, are close to a resolution, individuals involved in the talks said.
The National Thoroughbred Racing Association board of directors firmed up its plans for the "rebranding" of the Breeders' Cup during a meeting Friday, and also announced that it's new Racing and Breeding Caucus will meet for the first time June 21 in Washington, D.C.
Gary Stevens, who had an eventful Belmont Stakes week, will return from a five-day break to ride Mike Pegram's Love At Noon in the $100,000 Princess Stakes (Gr. II) at Hollywood Park Saturday.
An accident on the Pennsylvania Turnpike June 12 claimed the life of stakes winner Connect and two other horses near Newville in the western part of the state.
The Jockeys' Guild announced Saturday it has acquired the services of Matrix Capital Associates, Inc., a professional management consulting company led by Dr. L. Wayne Gertmenian, to manage the organization's operations, effective immediately.
The sale of New York City Off-Track Betting apparently hinges on legislative changes that would make the entity more attractive to potential buyers. Meanwhile, it appears the state legislature may have more time to examine the issue given the fact they may remain in Albany into the summer.
International Thoroughbred Breeders, which sold Garden State Park in New Jersey to a real estate development company in November for $30 million, is bracing for a civil action and a probe of "certain current and former officers" by the Securities and Exchange Commission.
Nevada Gov. Kenny Guinn has signed legislation that legalizes Internet gambling, though the first Internet casinos probably won't be licensed for a year and a half.
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