An almost five-year-old lawsuit over how Florida voters were allowed to decide if slot machines could be legal at certain state pari-mutuel facilities has been jointly dismissed, according to court records.
Fasig-Tipton will fine nine consignors because the riders of their horses misused their riding crops during the Feb. 27 under tack show for the Florida select sale of 2-year-olds in training at Calder Race Course.
The Fasig-Tipton Florida select sale of 2-year-olds in training, held March 3 at Calder Race Course, suffered downturns of 25.5% in gross revenue, 31.5% in average price, and 34.8% in median price. The number of horses sold rose 8.8% while the buy-back rate dropped to 35.5% from 40.4% a year ago. Read what people at the auction had to say about the market:
Tackling the biggest financial crisis since the Great Depression, Fasig-Tipton's Florida select sale of 2-year-olds in training suffered some bumps and bruises, but also scored a couple of minor victories. The number of horses sold rose from a year ago while the buy-back rate declined. Meanwhile, the gross revenue fell 25.5% and the average price dropped 31.5%. The median price was down 34.8%.
Cup o' Joe, a handsome Medaglia d'Oro colt, became the highest priced horse sold so far at the Fasig-Tipton Florida select sale of 2-year-olds in training when he brought $1.6 million from Sheikh Mohammed's bloodstock manager John Ferguson.
The fanciest juvenile sale in the world faces off against the biggest financial crisis since the Great Depression March 3 at Calder Race Course, and based on the results of other recent Thoroughbred auctions, prices probably will be down considerably.
These 2-year-olds stand out because of their workout times, yearling purchase prices, and pedigrees.
When Dubai-based Synergy Investments purchased Fasig-Tipton last year, Sheikh Mohammed's bloodstock manager, John Ferguson, vowed the Kentucky-based auction firm would strive to offer higher levels of customer service. According to shoppers at Fasig-Tipton's Florida select sale of 2-year-olds in training, the company is fulfilling that promise.
The fastest times were slower than they were a year ago during the under tack show for the Fasig-Tipton Florida select sale of 2-year-olds in training. But the auction firm's officials and consignors said they weren't surprised or disappointed for a couple of reasons.
The Florida Legislature will begin its annual two-month session on March 3, with the state's Thoroughbred tracks and other pari-mutuels seeking changes in a gaming compact that Gov. Charlie Crist and the Seminole Tribe of Florida signed in 2007.
The Florida Thoroughbred Breeders' and Owners' Association, in conjunction with Florida stallion owners, have announced an agreement with the Florida Horsemen's Benevolent and Protective Association and Churchill Downs Inc., which will bring significant changes to juvenile racing at Calder Race Course this year.
Fasig-Tipton will catalog 272 horses for its Florida select sale of 2-year-olds in training, according to the company's chairman, Walt Robertson. The number is about the same as in 2008, when 270 horses were in the book.
Wagering in Florida on Calder Race Course's recently concluded Tropical at Calder meet fell 31% in 2008, according to the Florida Division of Pari-Mutuel Wagering.
In a step some racing industry officials expected, Gulfstream Park has told Florida regulators that it plans to hold races during 2009's last five weeks--a lucrative set of dates on which Calder Race Course has raced exclusively in South Florida for more than a decade.
John T. Marshall has been named vice president and general manager of racing for Calder Race Course, Churchill Downs Inc. announced Dec. 19. He will report to Calder president and general manager Tom O' Donnell and begins his new role effective Jan. 19, 2009.
Gulfstream Park on Dec. 18 asked the Supreme Court of Florida to issue an order that would give law enforcement officials authority to shut down blackjack and baccarat tables at the Seminole Tribe of Florida's casinos in the state.
The Florida Division of Pari-Mutuel Wagering has ordered jockey Pascacio "Paco" Lopez to serve 27 days of stewards' suspensions, including seven days at Gulfstream Park's 2009 meet that begins Jan. 3.
Churchill Downs Inc. more than doubled its net earnings against decreasing revenues from continuing operations in the third quarter, the company announced Nov. 5.
Herman Heinlein's 4-year-old homebred gelding Soldier's Dancer has been a leader in the South Florida turf stakes ranks the last two years, with major victories including the Tropical Park Derby (gr. IIIT) and Calder Derby (gr. IIIT) as a 3-year-old last year. On Oct. 18, he will likely rule the favorite in the Miami Mile (gr. IIIT) with Manoel Cruz in the saddle.
Churchill Downs Inc., has implemented a new horseshoe policy at its four racetracks that bans the use of toe grabs greater than two millimeters. The new policy is effective immediately.
The Florida Division of Pari-Mutuel Wagering has scheduled a hearing for Nov. 5 on jockey Paco Lopez's appeal of a 30-day suspension from Calder Race Course stewards.
The two other pari-mutuels in Miami-Dade County, Florida, have moved ahead of Calder Race Course in announcing plans for casinos that would have Las Vegas-style slot machines.
Battling saddlecloth-to-saddlecloth with Fabulous Strike through the final yards, a determined Black Seventeen, the longest shot in the field at 23-1, got a head in front at the wire to take the $400,000 Vosburgh Stakes (gr. I) over a sloppy Belmont Park surface in New York Sept. 27.
Walk around Calder Race Course and you'll keep hearing the word "Paco" from the lips of trainers, bettors, stewards, and other track officials.
Calder Race Course has announced another major cut in purses and the cancellation of eight $100,000 stakes races. The track, in a release, said it was trimming overnight purses by 17% effective Sept. 18.
Churchill Downs Inc. and the Florida Thoroughbred Breeders and Owners Association announced Sept. 10 that they have reached an agreement on a contract for future slot machine revenue at CDI-owned Calder Race Course.
- By Jim Freer
Churchill Downs Inc. and the Florida Thoroughbred Breeders and Owners Association announced on Sept. 10 that they have reached an agreement on a contract for future slot machine revenue at CDI-owned Calder Race Course.
Calder Race Course will hold its sixth annual Juvenile Showcase on Sept. 6, with six non-graded stakes races for 2-year olds.
Calder Race Course got state permission to run four days a week instead of five for an 11-week period beginning Sept. 1. The South Florida track has lost horses due to reduced purses that were caused by a lingering dispute over simulcast signal distribution.
Prospective Hialeah Park buyer Halsey Minor has sent consultants and accountants to examine the closed racetrack, and Minor and Hialeah owner John Brunetti say they are planning more talks on a possible sale.
Pascacio "Paco" Lopez, this year's leading jockey at Calder Race Course, has appealed a 30-day suspension for careless riding.
John Brunetti, the owner of Hialeah Park, said he has spoken "briefly" to Halsey Minor about the technology entrepreneur's dream to buy and reopen the South Florida track. But even though the two men have agreed to talk again in early August, Brunetti told Minor he "isn't really interested in selling yet" because he still hopes to resurrect Hialeah himself.
Speed will be the order of day going into Saturday's Carry Back Stakes (gr. II) at six furlongs at Calder Race Course.
Dream Rush, caught by Looky Yonder in the stretch during the Vagrancy Handicap (gr. II) at Belmont May 25 at 4-5, figures to to be the one beat again Saturday in her second start off a layoff in the six-furlong Princess Rooney Handicap (gr. I) at Calder Race Course.
Dancing Allstar looks to be the belle of the ball entering the $250,000 Azalea Stakes (gr. III) at Calder Race Course July 12. The chestnut Millennium Allstar filly has won her last six races, all of which have come in stakes company, and she leads a field of seven 3-year-old fillies who will contest the six-furlong Azalea.
The Florida Horsemen's Benevolent and Protective Association announced July 5 it has reached an agreement with Churchill Downs Inc. on purses and slot machine revenue for Calder Race Course. If the contracts are signed, Calder could export its July 12 "Summit of Speed" program to tracks around the country.
Sixty-three horses, including IEAH Stable's Benny the Bull, have been nominated.
Trainer Kirk Ziadie sent out six horses to compete at Calder Race Course June 27, and won with five of them, tying the long-held Calder record for most wins in a single day by a trainer.
With two weeks left before Calder Race Course's July 12 Summit of Speed, Churchill Downs Inc. and the Florida Horsemen's Benevolent and Protective Association remain deadlocked in contract talks for the Miami Gardens, Fla., track.
Trainer Marty Wolfson pulled off the hat trick on the June 14 "Summit of Speed" preview card at Calder Race Course, winning three of the four $100,000 stakes.
The Florida Horsemen's Benevolent and Protective Association's general counsel said June 10 his organization could sign agreements "in the very near future" on 2008 purses and future slot-machine revenue at Calder Race Course.
Freshmen sires Medaglia d'Oro and Mr. Livingston, both by El Prado, were represented by their respective first winners when Richard Rowan's Renda and Theresa and David Palmer and Merritt Racing's D. C.'s Legacy won at Calder Race Course May 31.
Calder Race Course announced May 9 that it will cut purses for eight upcoming stakes races, including the July 12 Summit of Speed card, blaming a continuing dispute with the Florida horsemen's association.
The head of a Kentucky horsemen's association said his group withheld approval for the Churchill Downs signal to go out to a pair of offshore rebate shops for the undercards of the Kentucky Derby Presented by Yum! Brands (gr. I) and Kentucky Oaks (gr. I), and is aggravated that the track is blaming horsemen for a decline in handle on the two programs.
Jockey Eric Camacho was in Louisville April 23 to work Cloverleaf Farm's Bsharpsonata, from the Tim Salzman stable, one of the favorites in the May 2 Kentucky Oaks (gr. I) at Churchill Downs. The daughter of Pulpit was sharp in her five-furlong breeze, stopping the clock in :59.80, the third fastest drill of the morning at the famed Kentucky oval.
South Florida trainer James Bracken died unexpectedly April 19.
Participants discuss the Fasig-Tipton select juvenile auction, which suffered downturns.
The Fasig-Tipton select juvenile auction has lost momentum following a glorious run that peaked with a series of world records in 2006 and 2007.
A strapping son of Street Cry was the early standout Tuesday at the Fasig-Tipton Calder select sale of 2-year-olds in training, bringing $2.1 million from Sheikh Mohammed's bloodstock manager John Ferguson at Calder Race Course.
Offspring by Speightstown attracting attention at Fasig-Tipton juvenile sale.
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