News

Headlines and features from the Thoroughbred industry

Stronach's Daughter Vice Chair at Magna International

Belinda Stronach, the 34-year-old daughter of Magna International chairman Frank Stronach, has been named chief executive officer and vice chairwoman of the company. Magna International reported a 6% decline in fourth-quarter earnings from the year-earlier period. Revenue climbed 6%.

Florida Derby Field Taking Shape; 7-8 Likely Starters

With the final major preview event in the books, the field for Gulfstream Park's $1 million Florida Derby (gr. I) on March 10 is starting to take shape. The top three finishers in last week's grade I Fountain of Youth Stakes – Songandaprayer, Outofthebox and City Zip – are expected to top a field of eight or nine in the 50th anniversary running of the Florida Derby, centerpiece of the winter meeting for 3-year-olds.

Youbet Faces De-Listing By NASDAQ

Youbet.com Inc., the online live event and horse racing wagering company, announced Friday that it received notification from The Nasdaq Stock Market that it is not in compliance with the National Market's listing maintenance standard regarding minimum bid prices. This standard requires that the company's common stock maintain a minimum bid price of at least $1.00 per share. In order to comply with this standard, the company's common stock must have a minimum bid price of at least $1.00 for 10 consecutive trading days prior to May 21, 2001.

Louisiana Derby Possible For Millennium Wind

Trainer David Hofmans said he would prefer to stay at Santa Anita and run Millennium Wind in the March 17 San Felipe Stakes but that he's also looking at going east for the $750,000 Louisiana Derby March 11. "A lot depends on the weather," Hofmans said. "We're pointing for the San Felipe but we're keeping all of our options open."

Alternative Gaming Becomes Issue in Ohio

The Ohio Lottery Commission's need for revenue to fund education has generated serious talk about video lottery terminals at the state's seven commercial racetracks. Legislators have floated the idea, and racing industry officials are attempting to find common ground.

Digital Photo Capability Added to Jockey Club Site

The Jockey Club announced Friday that owners and breeders can now complete the entire Thoroughbred registration process, except for the DNA/blood-typing kit, over the Internet
following the integration of digital photo capabilities into Jockey Club Interactive, the registry's Website. Jockey Club executive vice president and executive director Gary Carpenter called the ability to submit digital photos via Jockey Club Interactive another example of utilizing the latest technology for the benefit of all owners and breeders.

Jorrocks On For Santa Anita Handicap

European import Jorrocks cleared quarantine and arrived at trainer Bob Hess Jr.'s barn Wednesday ready to roll in the $1-million Santa Anita Handicap on March 3. "We bought him specifically to run in this race," said Hess. In other Big 'Cap developments, Horse of the Year Tiznow was among those working Thursday in preparation for the grade I test.

Account Wagering, Tax Reduction Bill Introduced in Arkansas

"Recognizing Oaklawn's significant contributions to tourism and retirement in Arkansas and an increased challenge to compete with race tracks in surrounding states," state senator Terry Smith (D-Hot Springs) filed a two-pronged pari-mutuel bill Thursday in an effort to protect Oaklawn's economic contributions to Arkansas. If passed, Senate Bill 602 would amend the state privilege tax rate on pari-mutuel wagering on horse racing, while also authorizing Oaklawn Park in Hot Springs and Southland Greyhound Park in West Memphis to conduct account wagering.

New York City OTB Bidding Said to be Wide Open

All parties that met the city's demand of a bid of at least $250 million remain in the running for ownership of New York City Off-Track Betting Corp., sources close to the situation said Thursday. City officials have strongly denied a published report this week that the field has been narrowed to two bidders -- one group led by the New York Racing Association, and the other by Frank Stronach's Magna Entertainment.

Caressing, Golden Ballet Head Oaks Nominations

Breeders' Cup Juvenile Fillies winner Caressing, the Eclipse Award winner as the champion 2-year-old filly of 2000, and rising California-based star Golden Ballet head a roster of 167 fillies nominated to the 127th running of the $500,000 Kentucky Oaks. The total number of fillies nominated to the Oaks is highest since 1989, when 181 fillies were nominated, and the eighth largest total in the history of the race. An Oaks record 191 fillies were nominated in 1986 and 1987 and 158 were nominated last year.

Sam Houston Holds Internet Handicapping Contest

As a special promotion for Saturday's Connally Breeders' Cup Turf card, Sam Houston Race Park will debut the Connally Breeders' Cup Online Handicapping Contest. The contest is open to all racing fans, 21-years of age or older, with a total of $1,000 in prizes to the top four finishers. There is no entry fee for the Connally Breeders' Cup Online Handicapping Contest.

Mid-Atlantic Tracks to NTRA: 'We're Out'

Racetracks in the Mid-Atlantic region, having failed to win concessions from the National Thoroughbred Racing Association board of directors, have no intention of rejoining the NTRA any time soon. But the NTRA insists the negotiations will continue. "I'm disappointed," Penn National Gaming president Bill Bork said. "What it boiled down to was this: We asked them, 'Don't compete with us.' The board rejected that, and unless we can solve that issue, we're out."

Gtech to cut 80 jobs

Gtech, a lottery company and co-owner of Turfway Park, announced today it was eliminating jobs as part of a large cut in operating expenses.

Colonial Making Capital Improvements

Colonial Downs reported Wednesday to the Virginia Racing Commission that the track plans a wide range of capital improvement projects, some of which are in preparation for its spring/summer meet. Projects include construction of a $200,000 bathhouse on the backstretch and establishing vegetation for drainage as well as erosion and sediment control throughout the facility. Opening day for the 2001 meet is June 10, with racing continuing through July 14.

Breeders' Cup Money Continues to Bolster NTRA

The National Thoroughbred Racing Association is expected to operate in the black for the first time this year, but it continues to rely on the Breeders' Cup for financial assistance. Earlier this year, the Breeders' Cup board approved a $2.5-million expenditure to assist the NTRA.

Internet Gaming Opponent Optimistic of Bill's Chances

A Republican Congressman who will re-introduce legislation to ban gambling over the Internet is optimistic of the bill's chances as a result of last fall's presidential election. Rep. Bob Goodlatte (R-VA) told the Las Vegas Review-Journal that he the legislation should get favorable treatment by the Bush administration.

Change in Turfway Post Time Generates Friction

The Kentucky Horsemen's Benevolent and Protective Association claims it wasn't notified by Turfway Park management of a plan to change first post to 4:10 p.m. on weekdays, but management said that's not the case. Track officials believe the switch will help boost handle, while horsemen say due diligence is necessary before any change is made.

Gilded Time Heads 2001 Sire List

The race for leading sire of 2001 has begun, and the leader so far is Gilded Time. The 11-year-old stallion is represented by the earners of $614,886 through Feb. 17, and his runners include graded stakes winners Early Flyer and Lasersport. The two 3-year-olds battled it out in the San Vicente Stakes (gr. II) and San Miguel Stakes (gr. III), with Early Flyer defeating Lasersport in the San Vicente and Lasersport taking the better of Early Flyer in the San Miguel. Gilded Time (Timeless Moment -- Gilded Lily, by What a Pleasure) stands at Tom Simon's Vinery Kentucky near Lexington.

NTRA, Breeders' Cup Announce Organizational Structure

With their joint operating agreement having been in place since Jan. 1, the National Thoroughbred Racing Association and Breeders' Cup have announced organizational structures in regard to personnel. There are some changes in the laundry list of names and titles.

Family Matters: Point Given's Pedigree Analysis

From Thunder Gulch's second crop, Point Given appears poised to make a run at the 2001 Derby, giving the Mr. Prospector line another strong player to extend the dynasty. If successful, Thunder Gulch would join Unbridled (Grindstone) as the most recent Derby winner to sire a Derby winner.

Tiznow, Others On Track For Big 'Cap

With the $1-million Santa Anita Handicap only 11 days away, a star-studded field is rounding into shape, with Horse of the Year Tiznow, Kentucky Derby and Belmont Stakes runner-up Aptitude and turf star Bienamado all likely to make the starting gate for the 64th running of the 1 1/4-mile event. Also scheduled for Big 'Cap day is the $400,000 Kilroe Mile on the Camino Real turf course for older horses while Santa Anita Derby hopefuls will traverse two turns in the one-mile, $200,000 San Rafael Stakes.

West Nile Research

Scientists at Fort Dodge Animal Health's laboratories in Kansas City, Mo., are working to develop a vaccine against West Nile virus (WNV).

Ovarian Tumors

Ovarian tumors can cause severe behavioral changes in a mare. They also can limit a mare's reproductive career by damaging her internal organs, writes Dr. Christina S. Cable in the March edition of The Horse.

All Is Not Lost

by Steve Haskin-- As the three courageous Thoroughbreds battled to the wire, the pounding of my heart was drowned out by the roar of the crowd. The '87 Haskell was the first race of historical significance I was covering for a major trade publication and I was trying hard to keep my emotions in check. I kept hearing the same words over and over: "Stay objective."

Corporate Exposure

by Ray Paulick-- Julius Boros led professional sports in a new direction in 1971 when he donned a hat bearing the logo of the Iowa appliance maker Amana during a televised tournament. He may have gotten nothing more than a Radar Range out of the deal, but Boros opened the doors to what is now a multimillion-dollar endorsement business for many professional athletes, including some jockeys.

Plan for OTB-Owned Racetrack Still Alive

Western Regional Off-Track Betting Corp. paid $2.5 million for shuttered Batavia Downs, but thus far has been unable to win legislative approval to open and operate the upstate New York Standardbred track.

Magna Reports $9.2 Million Fourth Quarter Loss

Magna Entertainment, the racetrack company chaired by owner-breeder Frank Stronach, reported Monday a net loss of $9.2 million during the fourth quarter of 2000. For the year, the company reported net income of $441,000 on revenue of $413.6 million. The fiscal year profit was a reversal from 2000, when Magna posted a $62,000 loss; the 2000 fourth quarter loss was $3-million.

Charming Outcome in Santa Anita's Buena Vista

Rare Charmer, ridden by Laffit Pincay Jr. at 115 pounds, prevailed narrowly over Elegant Ridge in the $150,000 Buena Vista Handicap for fillies and mares Monday at Santa Anita Park. Rare Charmer ran one mile on a firm turf course in 1:36.67 and paid $27.40, $12 and $4.40. Rare Charmer is a 6-year-old California- bred by Slewpy and is trained by Craig Dollase for owner/breeder Nick Cafarchia.

Proud Man Takes Palm Beach Over One Eyed Joker

Proud Man rallied between horses to edge One Eyed Joker by a length Monday in the $134,500, grade III Palm Beach Stakes at Gulfstream Park. Proud Man, ridden by Rene Douglas, ran 1 1/8 miles on the turf course in 1:48 1/5 and paid $7.80, $3.60 and $2.80. One Eyed Joker returned $5.80 and $3.40, and Strategic Partner paid $4.20 to show.

Ex-Claimer Wins General George Stakes

Flatbird Stable's Peeping Tom had to wait for room to launch his bid, then ripped by the pacesetters to win the $200,000 grade II General George Handicap at Laurel Park on Monday. Peeping Tom is based in New York in the barn of trainer Patrick Reynolds. A gelded son of Eagle Eyed, Pepping Tom has won six of 14 career starts, including four of his last five outings.

News By Topic

News By Date

PrevNext
July 2014
SuMoTuWeThFrSa
  12345
6789101112
13141516171819
20212223242526
2728293031  

Most Popular Stories

Special Offer

The Blood-Horse

Get 8 FREE issues of The Blood-Horse!

Don’t miss a minute of the action...with 8 FREE issues of The Blood-Horse. And if you like them, you can continue with a full year of issues and get the next edition of the Stallion Register, plus complete coverage of the Kentucky Derby and Breeders' Cup World Championships. Click here to learn more.