News

Headlines and features from the Thoroughbred industry

Plan for Kentucky Quarter Horse Racing Moving Forward

Negotiations between the Kentucky Quarter Horse Racing Association and a Lexington Standardbred racetrack are continuing to move forward and could soon result in the return of live Quarter Horse racing to the Bluegrass.

United Tote Bought Out by Investment Group

An investor group that includes senior management of United Tote and New York-based Kinderhook Industries, completed a management-led buyout of the totalizator company from International Games Technology.

Retired Trainer Charles V. Reynolds Dead

Charles V. Reynolds, who trained for several celebrities on the New York circuit in the 1950s and '60s, died Sept. 4 at his home in Miami Lakes, Fla.

Del Mar's Handle, On-Track Attendance Climb

Del Mar's Handle, On-Track Attendance Climb

Del Mar Thoroughbred Club completed 2003 with an all-time record for pari-mutuel handle and the highest on-track attendance since the addition of inter-track wagering in 1988.

Krone Guides Siphonizer to Del Mar Futurity Win

Krone Guides Siphonizer to Del Mar Futurity Win

Campaigning for the first time at Del Mar, jockey Julie Krone had a tremendous meeting in her return from a broken back, capping it Wednesday when she guided B. Wayne Hughes' Siphonizer to an upset triumph in the $250,000 Del Mar Futurity (gr. II) on closing day.

Eleven Horses Eying Atto Mile

Eleven horses are expected for Sunday's $1-million Atto Mile (Can-IT) at Woodbine, but the filly First Quarter will not be among them. Still expected are Perfect Soul and Freefourinternet, who had their last works before the race.

Stevens Returns to Arlington Park Saturday

Gary Stevens hasn't ridden at Arlington Park since he was injured at the finish of the Aug. 17 Arlington Million (gr. IT). He is scheduled to return to Chicago Saturday to ride Hoh Buzzard in Saturday's grade III Pucker Up Stakes.

Magna Makes Plans for Detroit Racetrack

Magna Entertainment Corp. Monday unveiled plans for a $100-million racetrack and entertainment project near Detroit International Airport.

Youbet Ready to Add Wireless Wagering

Youbet.com is poised to launch portable betting in the fourth quarter of 2003 through wireless technology such as java-enabled cell phones and handheld personal computers.

Downs Home

By Dick Downey -- Kentucky Downs, a diamond in the rough among racetracks, has a lot to offer horses, horsemen, and racing fans.

Gone West Filly Brings $3.8 Million; Keeneland Numbers Soar

Gone West Filly Brings $3.8 Million; Keeneland Numbers Soar

Sheikh Mohammed of Dubai bought a Gone West filly for $3.8 million to top the Tuesday session of the Keeneland September yearling sale. For the two days, a total of 339 horses were sold for $131,250,000, a 30.5% increase over the $100,576,000 gross last year. The cumulative two-day average price of $387,168 reflected a gain of 45.1% and the median was up 35.3% to $230,000.

America TAB Claims Betting Service Pirated Signals

America TAB, an account-wagering service whose majority owners are Beulah Park and River Downs in Ohio, said it would pursue legal action after having discovered a betting service has been pirating live racing signals from its Web site.

Pilsudski,Tikkanen to Europe

Pilsudski and Tikkanen, a pair of Breeders' Cup Turf (gr. IT) winners in the 1990s who were sent to Japan for stallion duty, will be testing their siring skills on the Irish mainland.

Disposition of Development Rights

There are a number of governmental and charitable programs for the purchase of development rights. In these programs, farm owners sell their development rights by placing a perpetual easement on the land restricting the rights of current and future owners to develop the land. When development rights are sold for less than the reduction in fair value resulting from restricting development on the land, a charitable income tax deduction may be available.

Bill Seeks Takeout Hike to Cover Workers' Comp Costs

Legislation introduced by a California assemblyman would increase the pari-mutuel takeout on exotics wagers in Thoroughbred races by 0.5% to raise money to cover some workers' compensation costs. Quarter Horse and Standardbred takeout also would be increased to cover costs.

TVG Sues Youbet to Protect Voting Interest

TV Games Network, a shareholder in Youbet.com with an option to buy a majority interest in the company, has filed a lawsuit against Youbet for proposed changes to voting and term limits for its board of directors.

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