Pinnacle Entertainment Inc. reported a reduced net income loss for the third quarter and said it's looking to expand into new markets while adhering to "disciplined capital-spend and return metrics."
River Downs near Cincinnati, Ohio, has been sold to Pinnacle Entertainment, a gaming company that operates a casino in neighboring Indiana, according to sources close to the matter.
New Jersey lawmakers questioned the research behind a report on gaming and racing in the state Sept. 29 and suggested it left too many unanswered questions, particularly in regard to options for the horse racing industry.
A recent poll indicates support for horse racing and racetrack gaming in New Jersey.
During the first full month of operation, slot machines at Calder Casino & Race Course placed third in pre-tax revenue among the five pari-mutuel casinos in southeast Florida.
Beulah Park in central Ohio is poised to be, or has been, sold to Penn National Gaming Inc., according to Ohio racing industry representatives.
A November 2010 ballot question on racetrack video lottery terminals in Ohio moved a step closer to becoming reality Feb. 8.
Legislation that would allow New Jersey racetracks and Atlantic City casinos to accept wagers on sporting events will go before an Assembly panel the week of Feb. 8.
A battle over purse supplements for a New Jersey harness track that dates back to 2008 was resolved with the Feb. 6 announcement that purses at Freehold Raceway will increase by almost $5 million over the next year.
Table games could be operating at three Delaware racetracks sometime this summer.
A transition committee has submitted a report that recommends statewide consolidation of the New Jersey horse racing industry, shorter Thoroughbred meets at Monmouth Park, and the opening of more off-track betting parlors.
The federal government has given preliminary recognition to a Long Island Indian tribe, setting in motion development of a possible casino close to the New York Racing Association's two downstate tracks.
An MTR Gaming Group official said Nov. 4 passage of a casino referendum in Ohio will create new competition but also offer opportunity for racetracks in the Buckeye State.
Ohio voters Nov. 3 approved casinos on the fifth try by gambling supporters in the past two decades, and Democratic Gov. Steve Beshear immediately issued a statement saying Kentucky must respond.
Penn National Gaming Inc. officials Oct. 21 advocated their proposal for casino gambling in Ohio's four largest cities -- an issue that will be decided via referendum Nov. 3.
Another showdown is brewing over whether Michigan racetracks should be allowed to open casinos in an effort to revive their struggling businesses. A group called Racing to Save Michigan wants voters to decide the issue in November 2010, and on Oct. 14, the Michigan Board of State Canvassers unanimously approved the form of a petition the group plans to circulate within the next six weeks.
The Ohio State Racing Commission voted Aug. 20 to officially oppose a November referendum to authorize full casino gambling in the state's four largest cities.
Pinnacle Race Course, which just opened last year, has been ordered to cut 2009 dates by 63% because of budget reductions in Michigan, the Michigan Horsemen's Benevolent and Protective Association reported May 20.
The chairman of an important Florida Senate committee March 24 introduced a bill that would allow Gulfstream Park and Calder Race Course to have blackjack and baccarat, while permitting the Seminole Tribe of Florida to keep those two games and add roulette and crap tables at its casinos.
New Jersey Gov. Jon Corzine signed an executive order March 5 creating a commission to study the state's horse racing industry and develop solutions for its long-term viability. The casino industry, which for years has subsidized horse racing in the state, will be involved in preparing the blueprint.
Some Texas lawmakers are trying again to establish Las Vegas-style casinos in the state, and they say now is the time to do it because the state needs the money. Racetracks would be included, according to legislation unveiled Feb. 24.
Massachusetts Speaker of the House Robert DeLeo said Feb. 2 House lawmakers could vote on legislation to expand gambling before the end of the year -- the surest signal yet that casinos or slot machines may be coming to the state.
The New Jersey Racing Commission granted 2009 racing dates Nov. 19 for Atlantic City Race Course and Freehold Raceway, two tracks that have been involved in conflicts tied to casino-paid purse supplements.
Two New Jersey lawmakers have taken a bipartisan approach in urging the governor to quickly form a committee to examine the state and future of the horse racing and breeding industry.
An ugly dispute over purse supplements for a New Jersey harness track could have long-term ramifications as officials devise a plan for the future of horse racing in the Garden State, and it also sheds light on the complications that can arise when racing and gaming are linked.
Ohio voters Nov. 4 rejected a proposed $600-million casino -- the fourth time plans for expanded gambling in the state have been turned down since 1990.
Just days before Ohioans vote on whether to authorize a constitutional amendment allowing for a casino in southwestern Ohio, the state Department of Agriculture announced an 11-member Equine Industry Advisory Task Force charged with promoting and strengthening the state's horse industry.
Suffolk Downs and Wonderland Greyhound Park have reached a partnership agreement allowing Suffolk to buy the dog track, and maybe help the owners land a casino gambling franchise.
By Evan Hammonds - The casino bill's chances in Kentucky aren't necessarily a longshot, but aren't exactly 2-5, either.
After a Kentucky constitutional amendment calling for nine casino licenses passed out of committee Feb. 27, it was unclear whether the horse industry would continue to support the legislation. But indications lawmakers and Gov. Steve Beshear would look out for the industry led the Kentucky Equine Education Project to support the bill.
Kentucky Gov. Steve Beshear unveiled legislation Feb. 14 calling for a constitutional amendment to allow for up to 12 casinos--seven at racetracks and five at non-racetrack locations.
Kentucky Gov. Steve Beshear again has called for the state General Assembly to approve legislation allowing a referendum on casino gambling, but details of the legislation still haven't been released.
To continue dialogue on why Kentucky needs expanded gaming, and to further educate the General Assembly on the matter, Kentucky Equine Education Project executive director Patrick Neely recently gave a presentation during a special legislative subcommittee meeting in Frankfort, the state capital.
By - Kathy Kranz - Last year I was privileged -- yes, privileged -- to witness Lawyer Ron winning the inaugural St. Louis Derby. But the 2006 running was the one and only, the first and last, the alpha and the omega St. Louis Derby.
Discussion by Kentucky lawmakers on a public television program revealed a split on casino gambling. Meanwhile, a legislative working group hopes to have a report on the issue ready for the state General Assembly by Feb. 1, 2008.
Democrat Steve Beshear, who supports a referendum on casino gambling and made it part of his campaign, easily won the race for governor of Kentucky in the Nov. 6 election.
It appears as though Viva Pataca will not become the first Hong Kong-based runner to compete in the Breeders' Cup World Championships.
Legislation calling for a study of Internet gambling, including the impact of the Unlawful Internet Gambling Enforcement Act of 2006, has been introduced in the U.S. House of Representatives.
Legislation to authorize casino gambling at racetracks and non-racing facilities has been introduced again in the Kentucky House of Representatives.
Harrah's Entertainment Inc., the world's largest casino company, said Tuesday that its board has accepted a $17.1 billion buyout offer from two private equity groups.
The Pennsylvania Gaming Control Board approved the first slot-machine licenses in the state Sept. 27, clearing the way for five racetracks to add thousands of machines.
The University of Arizona Race Track Industry Program has announced its agenda for the 2006 Symposium on Racing & Gaming to be held Dec. 4-7 at the Westin La Paloma Resort in Tucson.
Pennsylvania gambling regulators are expected to give the state's racetracks the go-ahead Sept. 27 to plug in thousands of slot machines, the biggest step in two years toward making Pennsylvania one of the nation's busiest gambling markets.
Supporters of video lottery terminals at Ohio racetracks have started circulating petitions to put the issue on this year's November ballot.
The Illinois General Assembly has approved and sent to Gov. Rod Blagojevich legislation that would provide as much as $35 million a year in subsidies for Illinois racing--but only for two years.
Legislation that would funnel more than $50 million a year to the Illinois racing industry cleared a House committee March 1, but it failed to win enough support after a third reading March 3.
A compromise would add three or four locations to the eight racetracks that would offer casino gambling under legislation already introduced in the Kentucky House of Representatives.
An organization representing county judge/executives throughout Kentucky has endorsed racetrack casino legislation offered by the Kentucky Equine Education Project and currently in the House Licensing and Occupations Committee.
A dream came true Nov. 21 for Remington Park officials and Oklahoma horsemen. Shortly before 1 p.m., the track opened the doors of its new $35-million slot-machine casino.
The Kentucky Equine Education Project began lobbying in earnest for its racetrack casino plan with a letter to more than 3,200 community officials outlining how the state's share--a projected $437.5 million a year--from gaming would be spent under proposed legislation.
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