Articles posted May 12, 2004

Headlines and features from the Thoroughbred industry

Smarty Arrives at Pimlico

Mark it down...12:48 p.m. That's when Kentucky Derby (gr. I) winner Smarty Jones stepped off the van at Pimlico following his two and a half-hour trip from Philadelphia Park, where has been treated like royalty for the past week. Oh, yes, 20 minutes earlier, Rock Hard Ten and Borrego arrived from Louisville.

Youbet.Com To Sponsor Preakness Shuttle Service

Youbet.com is providing shuttle service to and from the May 14 Preakness Stakes (gr. I) at Pimlico Race Course. The online wagering company is providing 10 coach buses to shuttle as many as 500 tourists from 16 hotels in and around Baltimore to the Preakness Stakes and back for this year's running of the second leg of the Triple Crown series.

Senate Passes Tax Bill Favorable to Horse Industry

The U.S. Senate passed an international tax bill that includes two provisions that are favorable for the horse industry. The first is the clarification that the 30% alien withholding provision does not apply to nonresident aliens wagering in foreign countries; the second is a reduction in the holding period for horses to qualify for capitol gains treatment from 24 months to 12 months.

Records Tumble at Barretts May Sale

The strong market for 2-year-olds in training continued with a record-breaking sale at Barretts' May sale of juveniles May 11. High water marks for average, median, and buy-back rates were eclipsed at the auction, conducted at the Hinds pavilion in Pomona California.

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