Articles posted June 15, 2001

Headlines and features from the Thoroughbred industry

NYRA, OTBs Said to Agree on Lower Takeout

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.

NTRA Approves 'Rebranding'; New Caucus to Meet

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.

Legislative Issues Said to Have Stalled OTB Sale

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.

SEC Targets Former Owner of Garden State Park

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.

News By Date

Most Popular Stories