Articles posted July 16, 2004

Headlines and features from the Thoroughbred industry

Woodbine Purse Cuts to Average 5%

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.

Stay Denied, Valenzuela Awaits Stewards

Stay Denied, Valenzuela Awaits Stewards

Jockey Patrick Valenzuela was denied a stay of his suspension by California Superior Court judge David Yaffe on July 16 and will not be permitted to ride until he appears at a hearing before Del Mar stewards.

Conference on Industry-Related Bill Moves Closer

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.

AIR Launches Web Site, Plans Task Force Talks

AIR Launches Web Site, Plans Task Force Talks

The Alliance for Industry Reform, which is targeting issues tied to Thoroughbred sales, has launched its Web site and is in the early stages of forming an industry task force that will plot a course of action.

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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