Articles posted July 16, 2004

Headlines and features from the Thoroughbred industry

Woodbine Purse Cuts to Average 5%

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Woodbine Entertainment Group, blaming a decline in slot machine business at both Mohawk and Woodbine as a result of recent implementation of government no smoking laws, announced July 15 an overall 5% cut in purses for Thoroughbred racing.

Lone Star Champ Martin to Ride at Arlington

Veteran jockey Eddie Martin Jr., who won the jockey championship at Lone Star Park at Grand Prairie, Texas, when that meeting concluded July 11, plans to compete at Arlington Park for the balance of the current meeting, which concludes Sept. 19.

Commendation Tries to Cool Off Icy Atlantic

Icy Atlantic and Commendation, who have faced the best 3-year-old turf horses in the East, will attract plenty of attention in the wagering when they square off against seven rivals in the $100,000 Lexington (gr. IIIT) Sunday at Belmont Park.

Conference on Industry-Related Bill Moves Closer

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The United States Senate on July 15 agreed by voice vote to send the foreign sales corporation bill, which includes provisions to eliminate the 30% withholding tax on winnings by foreign bettors and reduce the capital gains holding period for horses from two years to one, to conference.

Future Bet Shelved; Jockey Wager in the Works

The Breeders' Cup Future Bet won't be offered this year, but an official said he hopes it eventually returns under a format whereby wagering would be offered on more than 24 interests. Meanwhile, talks are under way about a new wager tied to jockey performance in the eight-race series.

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