Articles posted February 26, 2002

Headlines and features from the Thoroughbred industry

Arabian Light to Saudi Arabia

Prince Ahmed Salman, whose colt Point Given was 2001 Horse of the Year, has sent his grade II winner Arabian Light to stand at his Saudi Arabian farm near the capital of Riyadh

Indiana House OKs Expanded-Gaming Legislation

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The Indiana House passed legislation Feb. 26 that allows for dockside gaming at riverboat casinos, and pull-tab machines in the state. Lawmakers approved the Senate bill by a 55-43 margin.

Kentucky Gaming Bill Introduced; Huge Purse Projections

Legislation that would authorize electronic gaming devices at eight Kentucky racetracks--and presumably generate $1.7 billion in revenue for the state over six years--was introduced in the House of Representatives Feb. 26. The 177-page document is said to have support in the House, but serious hurdles may loom in the Senate.

VLT Bill Introduced in Kentucky; Informational Meeting Set

Legislation that would legalize video lottery terminals at Kentucky's eight racetracks was introduced Tuesday in the state House of Representatives by Rep. Jim Callahan (D-Wilder), whose district includes Turfway Park.

Higher Expenses, Slow Slot Conversion Hurt MTR Gaming Stock

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Shares of MTR Gaming Group (Nasdaq:MNTG), owner of Mountaineer Park in West Virginia, fell as high as 27% on Tuesday, a day after the racetrack, casino and hotel operator reported lingering problems in converting its slot machines to higher wagers. The company also surprised analysts by annoumcing higher than expected costs associated with a new hotel.

Matthews' Appeal Denied

A federal appellate court has upheld Gary Matthews' conviction for participating in a scheme to defraud a Houston bank out of $65 million. The former chief financial officer for Calumet Farm will be required to serve his entire 21-month prison sentence.

A. P. Indy Colt Brings $900,000 at FT Calder Sale

An A. P. Indy colt was purchased by Californian B. Wayne Hughes for $900,00 to top the first half of Tuesday's Fasig-Tipton selected sale of 2-year-olds in training at Calder Racecourse in Florida.

Marco Bay to Live Oak

Twelve-year-old Marco Bay, sire of stakes winner Bay Street Gal, arrived Feb. 22 at Charlotte Weber's Live Oak Stud near Ocala, Fla.

Who's Bad?

By Lenny Shulman -- When compared with the transgressions in other professional and amateur sports, maybe racing isn't so bad.

Outside Forces Keep MATCH Series on Hold

The Mid-Atlantic Thoroughbred Championships, a series of stakes tied together to reward the top horses by division in the region, is on hold pending resolution of racing schedules in Maryland and New Jersey, said Alan Foreman, who created MATCH in the late 1990s. Foreman, chief executive officer of the Maryland-based Thoroughbred Horsemen's Association, is hopeful something can be worked out soon.

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