Vernon Downs, an upstate New York Standardbred track, was licensed March 22 by the New York State Racing and Wagering Board on the condition a third party oversees racing operations.
Disagreement between the horse racing industry and a legislator has put casino legislation in Kentucky in a tenuous position for the current session.
Despite financial results that show a net loss of $105.1 million in 2003, Magna Entertainment Corp. president Jim McAlpine said the company "made significant strides" in creating a global company built around horse racing.
The Kentucky Thoroughbred Association notified its membership of its agenda for the upcoming Kentucky legislative session during a Jan. 23 meeting at the Keeneland sales pavilion.
Legislators continue to work on a compromise on racetrack video lottery terminals as a deadline nears to get the measure on the March 2, 2004 ballot in Ohio.
A compromise proposal to put the issue of racetrack video lottery terminals before voters has been offered in the Ohio Senate, though it must pass the General Assembly by Dec. 3 if it is to make the ballot.
Video lottery terminals would be permitted at off-track betting facilities in New York under a plan being considered by state budget negotiators. The idea is being promoted to deal with another huge, multibillion-dollar budget looming over the next two years and a failure by racetracks to get VLTs up and running quickly enough to send revenue-sharing money to the state.
High-ranking New Jersey politicians and members of the horse racing industry will meet Nov. 12 in Trenton to discuss issues vital to the health of the racing and breeding industry, including the uncertain future of Monmouth Park and Meadowlands.
Pennsylvania Sen. Robert "Tommy" Tomlinson, whose district includes Philadelphia Park in Bensalem, is planning to reintroduce a slot-machine bill as early as the week of Oct. 20, according to a report in the Bucks County Courier Times.
The Ohio Senate on Oct. 15 took a major step in approving video lottery terminals for the state's seven racetracks. The Senate, by 24-9 vote, approved a bill that would put the issue of VLTs before the public in the March 2, 2004 primary.
Michigan Gov. Jennifer Granholm said a proposal to authorize video lottery terminals at racetracks is one possible way to help balance the state's budget.
Magna Entertainment Corp., which recently said it would rebuild Pimlico Race Course, said the project now hinges on whether the state's racetracks are approved for slot machines.
The euphoria after the Keeneland September yearling sale posted gains of almost 30% in gross and average apparently hasn't carried over to the Standardbred business. Numbers for the recent Tattersalls select yearling sale at The Red Mile in Lexington actually were fairly strong, but industry leaders indicated the storm clouds haven't blown away.
By Ben Chandler -- Both Kentucky gubernatorial candidates were posed the following question: "Why should the horse industry in Kentucky support you for governor?" Here is the response by candidate Ben Chandler.
The producer, director, and screenwriter of the movie Seabiscuit believes horse racing is ripe for growth -- if it focuses on the characters in the game rather than the gambling aspects of it.
Slot machines at Fair Grounds would generate $2 million to $3 million a year to supplement purses, according to figures released by state officials in Louisiana.
With a push for a constitutional amendment on expanded gambling looming in 2004, former Kentucky governor Brereton Jones said he would help fashion legislation to authorize full-scale casino gambling at racetracks.
Slot machines at Louisiana Downs in Bossier City, La., appear to have impacted five riverboat casinos in the Shreveport/Bossier City market, according to July revenue reports filed with the Louisiana Gaming Control Board.
Thoroughbred breeders told Kentucky legislators Aug. 21 the state must step up and offer assistance if its signature industry is to stabilize and grow in years to come.
Ground was broken Aug. 13 on the "Miracle Isle" gaming facility at Vernon Downs, which intends to become the first New York racetrack to have video lottery terminals in operation.
Kentucky Derby-winning trainer John Ward has called some of the recent attacks on the embattled New York Racing Association "essentially a political assassination campaign" linked to development of video lottery terminals at racetracks in the state.
California Indians will fight any effort to expand gaming at state racetracks, said the executive director of the association that oversees tribal casinos.
Boyd Gaming announced plans July 30 for a $50-million expansion at Delta Downs in Vinton, La. In a conference call on Boyd's second-quarter earnings, the company said Delta Downs, which has slot machines, has become of its "best performers."
The Pennsylvania House of Representatives has proposed that racetrack slot machines produce $1 billion in revenue, way up from the $400 million projected for this fiscal year in legislation approved by the state Senate.
The Pennsylvania Horsemen's Benevolent and Protective Association has submitted an application for a license for a Thoroughbred racetrack that would be built in the Lehigh Valley. If approved, daily purses would eventually average $1 million a day under a plan whereby all profits from slot machines would go back to horsemen.
The Pennsylvania Senate, on a 27-22 vote the evening of June 25, approved legislation to authorize racetrack slot machines. Now, the measure goes to the House of Representatives.
The issue of video lottery terminals at Ohio's racetracks died in the state Senate June 25.
The Pennsylvania Senate could vote today, June 25, on legislation to allow slot machines at racetracks. The plan needs 26 votes to pass, and if it does, it will be sent to the House of Representatives.
The issue of video lottery terminals at Ohio racetracks still has a chance for passage in the state Senate, though it may be a longshot.
Alternative gaming at Kentucky racetracks must be tied to a constitutional amendment, and the public must have a say in how the state's share of the revenue is spent, the former governor of Kentucky said June 22 during a panel discussion at the Thoroughbred International Exposition & Conference in Lexington.
Churchill Downs Inc. will look to develop products that suit its patrons under a new customer relationship management program expected to have "dramatic" results, CDI president Tom Meeker said June 19 during the company's annual shareholder meeting in Louisville, Ky.
With an economic impact pegged at about $3.4 billion, the equine industry has been called the most important in Kentucky. Some legislators would like to keep it healthy--even help it grow--but they've acknowledged they don't have all the answers.
The racino at Louisiana Downs in Bossier City, La., took in more than $2.6 million in revenue in its first 11 days of operation, according to figures released by the Louisiana Gaming Control Board. The 905 slot machines went online May 21.
Legislation that would place the issue of racetrack video lottery terminals on the Ohio ballot has been changed again as Democrats and Republicans square off over the state budget.
The Ohio Senate on June 11 delayed consideration of a resolution to put a racetrack video lottery terminal issue on the November ballot. The delay was caused by disagreements among Senate Democrats over how VLT revenue, estimated to be $500 million and $700 million a year, would be distributed.
The Ohio Senate is expected to vote by June 13 on a resolution to put the issue of video lottery terminals at racetracks on the November ballot. Meanwhile, opposition to the proposal picked up with ads on cable television in selected areas of the state.
Legislation that would place the issue of racetrack video lottery terminals on the November ballot was introduced in the Ohio Senate June 3. Opponents are already predicting defeat.
A plan is in the works to allow the state of Maryland, not racetrack owners, own slot-machine operations and hire members of the private sector to operate them.
With the Pennsylvania legislature set to return June 2, it will be pressured to act on one of two measures that would place slot machines at racetracks. Gov. Ed Rendell wants a bill passed before summer recess commences June 30.
A dispute over video lottery terminal revenue splits has been resolved by the New York Racing Association and the group that represents horsemen at NYRA-operated racetracks.
The future of Remington Park and perhaps the future of the entire Thoroughbred industry in Oklahoma could depend on a vote by House of Representatives to legalize electronic gaming at the state's racetracks.
As the Texas legislature prepares to end its biennial regular session June 2, it appears approval for video lottery terminals at racetracks would have to wait.
Legislation to allow electronic gaming at Michigan racetracks was approved by the state House of Representatives May 22, just two days after the release of a poll that indicated the public overwhelmingly disapproves of the prospect.
With business lagging behind by about 7% compared with last year, officials at Lone Star Park at Grand Prairie are contemplating a purse cut as the racetrack nears the midway point of its 70-date racing season.
The Ohio Senate is considering legislation to place on the November ballot a constitutional amendment to legalize video lottery terminals at Ohio racetracks.
Louisiana Downs in Bossier City, La., will turn on its slot machines May 21 well in advance of its live Thoroughbred meet that begins June 27.
The head of the horsemen's group at New York Racing Association tracks said he is in no rush to share additional video lottery terminal revenue with NYRA.
The gubernatorial veto of a new video lottery terminal plan in New York was overridden May 15 by the state legislature, seemingly putting an end to months of uncertainty over the legislation.
A pivotal week for slot-machine legislation in Pennsylvania is ahead as the Senate is expected to debate a plan to legalize the devices at the state's racetracks, possibly May 12-13. Supporters of slots are planning to "leapfrog" a potentially hostile committee vote by putting the legislation on the floor as an amendment to another bill, according to the Associated Press.
The New York Racing Association cannot proceed with its video lottery terminal program unless it strikes a deal with its horsemen to reduce the revenue-sharing for purses in the later years of the program, NYRA chairman Barry Schwartz said.
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