A proposed ballot measure to let Kentucky voters decide whether to legalize casino gambling hasn't garnered enough support yet to gain state Senate passage, a key Republican legislator said Feb. 10.
Total on-site pari-mutuel wagering at Delaware Park in 2013 totaled $149.2 million, down 4.1% from $155.5 million in 2012, according to the annual report released Feb. 6 by the Delaware Thoroughbred Racing Commission.
- By Tom LaMarra
Penn National Gaming Inc. officials said Feb. 6 they don't believe a roughly $100 million decline in net revenue is associated with customers opting for other forms of gambling or entertainment.
The Florida Thoroughbred and Quarter Horse industries Feb. 3 renewed their request for the Florida legislature to clarify state laws on the definition of a horse race and released a study on breeding and racing's impact.
A Pennsylvania lawmaker's proposal to gut the Race Horse Development Fund supported by revenue from slot machines generated a strong response from the Pennsylvania Equine Coalition.
The head of Mohegan Sun said Jan. 22 live Thoroughbred racing will be preserved at Suffolk Downs should the gaming giant prove successful in winning the sole destination resort casino designated for the Boston area.
Casinos at five racetracks in Kentucky would generate about $86 million a year for the horse industry, a sponsor of expanded gambling legislation told the House Licensing and Occupations Committee Jan. 15.
An agenda for the Jan. 15 New Jersey Racing Commission meeting lists the following item for discussion and information: a shutdown of four Atlantic City casino race books.
Suffolk Downs said Jan. 9 it is committed to live racing should its new partner, Mohegan Sun, win the license to build a casino on track property.
Kentucky Gov. Steve Beshear Jan. 7 again said the state needs sources of new revenue, one of which is casino gambling.
Mohegan Sun and Revere, Mass., said Dec. 23 they have reached a host community agreement that would guarantee the city between $25 million and $30 million in revenue per year from a proposed casino at Suffolk Downs.
MGM Resorts International has won a three-way race for a license to build a resort casino in Prince George's County, Md., just south of Washington, D.C. And the future of a racetrack remains up in the air.
Suffolk Downs remained in the running for a casino license with the Nov. 27 announcement it has reached an agreement with Mohegan Sun, which operates gaming facilities in Connecticut, New Jersey, and Pennsylvania.
Though New Jersey Thoroughbred racing has a long way to go from a financial perspective, some racetrack operators and horsemen's representatives appear bullish on the future.
Suffolk Downs was granted a racing license Nov. 14 for 2014 based on its intent to offer live Thoroughbred racing.
Suffolk Downs received a recommendation that its request for 100 days of racing be approved for 2014, but a track official said there are "variables" that could complicate matters.
New York voters Nov. 5 authorized the state to license up to seven new commercial casinos, the biggest casino gambling expansion in state history.
Suffolk Downs hasn't abandoned its pursuit of a resort casino even though East Boston voters rejected the plan by a hefty margin in a Nov. 5 referendum.
Pro-casino forces raised in excess of $3.5 million the last four weeks to finance television ads and mailings trying to convince New York voters to approve a large expansion of gambling facilities in the state.
The Massachusetts Gaming Commission Oct. 29 ruled Suffolk Downs suitable to pursue a license for a destination resort casino.
Suffolk Downs Oct. 24 released details of a $40 million "racing improvement plan" tied to its bid for a destination casino license. Officials held a press conference at Indian Rock Stables, a Thoroughbred breeding farm.
Just days after asking its casino partner to resign in the wake of an investigation by the Massachusetts Gaming Commission, Suffolk Downs said it will unveil a $40 million "racing improvement plan" at a local horse farm.
Penn National Gaming Inc., which is seeking a license to build a resort casino in Maryland, has taken the bold step of announcing it will share its profits with the community in Prince George's County.
Just three weeks before critical local referendums on casino gambling at Suffolk Downs, the racetrack asked partner Caesars Entertainment to resign from the proposed destination resort casino development.
Horse racing will receive a share of gaming revenue from the casinos that will be built in Massachusetts, but during an Oct. 16 forum on the industry, stakeholders asked a question: What good is the money without racetracks?
A group called "Kentucky Wins" said it plans to lobby for a constitutional amendment on casino gambling.
The American Gaming Association said research that shows U.S. residents bet $2.6 billion through illegal offshore gambling operations in 2012 drives home its point that online betting must be regulated.
MTR Gaming Group, which owns three racetracks, has entered into a "definitive agreement" by which it will combine with the parent company of Eldorado Resorts, the company said Sept. 9.
Suffolk Downs reported progress Aug. 27 in its quest for a casino license.
Though a measure to expand gambling in New Hampshire and open the door to the possible return of live racing at Rockingham Park failed in the state legislature in May, the prime sponsor of the bill said he will try again.
As it approaches its biggest day of the year racing-wise, Mountaineer Casino, Racetrack & Resort is trying to hold its own in a glutted regional gambling market.
Penn National Gaming Inc. reported a net loss of $12.2 million for the second quarter of 2013, compared with a profit of $69.6 million for the three months in 2012.
The Illinois Racing Board June 25 formally allocated $23 million in casino money to the state's racing interests amid hopes it will bridge a financial gap until a broader gaming expansion bill is approved.
New York Gov. Andrew Cuomo's plan to create gambling competition for racetrack-based casinos was a topic of an hour-long, closed-door meeting June 18 with legislative leaders trying to end the 2013 legislative session.
A New Jersey lawmaker has introduced a bill to authorize historical race wagering, also called Instant Racing, at racetracks, off-track wagering facilities, and casinos in the state.
Issues critical to the future of Illinois horse racing hung in the balance May 28 as the legislature entered the final scheduled week of its spring session.
A New York racetrack hoping to be considered for a full-scale casino announced a $30 million development project that will include a hotel, event center, and upscale restaurant.
A bill to expand gambling in New Hampshire that would have also opened the door for the return of live Thoroughbred racing at Rockingham Park was killed in a roll call vote of the House of Representatives May 22.
The Toronto City Council May 20 voted 24-20 against expansion of the gaming facility at Woodbine to include more slot machines and table games.
The Maryland Jockey Club expects to begin construction on new barns at Laurel Park this year as part of a long-term capital improvement plan, but it is holding off on announcing details of renovations at Pimlico Race Course.
The New Hampshire House subcommittee studying expanded gambling narrowly voted May 15 to recommend that the bill to allow one high-end, highly-regulated destination casino be killed, but the full House will have its say.
Penn National Gaming Inc. has submitted a formal proposal to build a $700 million casino and resort on the grounds of Rosecroft Raceway, a harness track located just south of Washington, D.C., in Prince George's County, Md.
Several of New York's racetrack gaming facilities would be first in line for full-scale casinos under legislation being finalized by Senate Republicans in the state legislature.
The New York Gaming Association April 29 released a report that shows its nine racetrack-based casino facilities generated $1.8 billion in gross gaming revenue in 2012 and turned over $823 million in taxes to the state.
Testimony on legislation that would authorize casino gambling in New Hampshire began April 16.
The Pennsylvania Equine Coalition, noting another monthly loss in revenue from slot machines at racetrack casinos, predicts an overall reduction of $17 million in the Race Horse Development Fund for fiscal year 2012-13.
A federal judge Feb. 28 upheld a 21-year-old law prohibiting sports betting in 46 of 50 states, dealing a setback to New Jersey's attempts to revive its struggling casino industry.
Gov. Chris Christie Feb. 26 signed legislation legalizing Internet gambling through the Atlantic City casinos. The state legislature passed the bill just a few hours earlier.
A Kentucky lawmaker said a General Assembly vote on a constitutional amendment on casino gambling hinges on several factors, none of which appear to be in place during the current legislative session.
Pinnacle Entertainment plans to begin construction on a new River Downs by the end of March, but the company remains mum on details about the planned Ohio racetrack casino.
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