A recent move by New York legislators to scare off investors in possible future casinos in New Jersey could backfire, according to the operator of Meadowlands Racetrack.
In an apparent move to pressure state officials to at least lower its mandated tax rate, Finger Lakes Gaming & Racetrack said Dec. 18 that it wants to cut the number of Thoroughbred race dates in 2016 by nearly 20%.
American Pharoah the top incoming stallion for 2016 and more inside the December 12, 2015 issue of Blood-Horse Magazine.
Racetrack-based casinos in New York saw overall net win drop 1.4% from 2013 to 2014, a potentially worrisome sign as the state will expand the number of larger, commercial casino developments.
Saying the bill would have expanded gambling in Indiana, Gov. Mike Pence has vetoed a bill that would have allowed state residents to use advance deposit wagering to bet on horse races.
Efforts to expand video lottery terminal casinos in New York, including one at Belmont Park, have been quashed during state budget negotiations at the state Capitol.
The New Hampshire Senate narrowly passed a bill 13-11 late in the evening March 12 that would allow the development of two casinos in the state.
A proposal to ease Indiana's gambling laws, by permitting riverboat casinos to move onto land and allowing live dealers for table games at the state's two racetrack casinos, won approval by a wide margin in the Indiana House.
The Kentucky Equine Education Project's board is no longer supporting casino legislation in the Bluegrass state, but will support Instant Racing, a gaming form that has proven successful at two Kentucky tracks.
Kentucky lawmakers will have another option when considering a possible constitutional amendment to place before voters that would pave the way for casino gambling.
Churchill Downs Inc. reported that the retail value of "promotional allowances"--complimentary goods and services offered customers--totaled $33 million in 2013, up from $21.5 million the previous year.
The Massachusetts Gaming Commission Dec. 10 decided that another referendum must be held in the city of Revere on a proposed $1 billion casino for Suffolk Downs and partner Mohegan Sun.
A Louisville Democrat has drafted legislation calling for a constitutional amendment to allow three stand-alone casinos, plus five others at horse tracks.
Genting Americas has contributed more than $1.3 billion in payments to New York State and more than $200 million to the New York Racing Association and purse and breeding funds since opening Resorts World Casino at Aqueduct.
Churchill Downs Inc. announced it has entered into a definitive purchase agreement to acquire Oxford Casino in Oxford, Maine, for total consideration of approximately $160 million to be paid in cash.
New York officials are all but certain to put off final negotiations on a play to add up to seven casinos in New York until later in the legislative session.
New York Gov. Andrew Cuomo said he does not believe specific locations have to be identified before voters might get their say next year on possible sites for up to seven new casinos.
New York Gov. Andrew Cuomo is making clear that racetrack operators will not get their wish to get exclusive rights for new, Las Vegas-style casinos if New York next year approves a sharp expansion of gambling.
The governor of New York is still not ready to divulge where he thinks new casinos should be located in the state, but said people are in a "state of denial" if they think casino gambling does not already exist in New York.
Though the gambling amendment was defeated, there are signs of positive change in the Kentucky legislature. read blog
Legislation introduced in the Kentucky General Assembly Feb. 14 authorizing a constitutional amendment on expanded gambling calls for up to seven casinos--up to five at racetracks--if it becomes law.
The hearing room at the New Hampshire Legislative Office Building was filled to capacity Feb. 13 as amendments to an expanded gambling bill were fiercely debated.
The New Hampshire House of Representatives will take up expanded gambling when a full vote on HB593 comes to the floor Feb. 8 and passage could bring the return of live Thoroughbred racing one step closer.
Voters in Gadsden County, Fla., Jan. 31 approved a ballot issue that authorizes a casino with slot machines at Gretna Racing, the Gretna facility that completed the first pari-mutuel barrel racing meet in Florida.
By a vote of 5-0, the New Hampshire Senate Ways and Means sent a bill that would authorize four casinos and up to 10,000 slot machines in New Hampshire to interim study on Nov. 8.
A report from the Rutgers Equine Science Center details the economic impact of horse racing and breeding in New Jersey and says revenue from alternative gaming at racetracks has supported and fueled those programs in other states.
On a day where Penn National Gaming reported a $40.66 million profit for the first quarter of 2009, executives criticized recent reports the company was pursuing multiple casino properties in Las Vegas.
New York Gov. David Paterson is proposing to permit a casino at Belmont racetrack, a move he believes will raise $370 million in a franchise fee payment to the deficit-ridden state.
Three casinos would be permitted in New York's Catskills tourist region under a constitutional amendment introduced in the Legislature for consideration next year.
An Ohio lawmaker whose district includes River Downs said Nov. 26 he plans to introduce legislation in 2009 for casino-style gaming that would support the horse racing and breeding in the state.
- By Tom Precious
The top Republican in the New York state Legislature is, again, calling on the governor and Democrats to back an effort to bring a casino to Belmont Park.
Atlantic City casinos have agreed to boost financial help for New Jersey's racetracks, but officials said long-term funding issues remain.
A Republican-dominated state panel overseeing Thoroughbred racing in New York has curbed the ability of its new chairman to broker deals with the New York Racing Association. The chairman was appointed by Democrat Gov. Eliot Spitzer. The move came the same day Spitzer released his 2008 state budget plan, which includes revenue from a proposed casino at Belmont Park.
Two weeks before the Breeders' Cup World Championships at Monmouth Park, New Jersey Gov. Jon Corzine said he would support financial assistance for the state's horse racing and breeding industries.
- By Tom Precious
A top Las Vegas casino company is assuring New York officials it's anxious to get started with construction of a video lottery terminal casino at Aqueduct.
The Pennsylvania Senate passed legislation June 27 that would eliminate an obstacle that has kept slot machine casinos from being licensed. But the bill includes a potentially volatile provision that would raise the tax on casino slots revenue by 4%.
- By Tom LaMarra
Legislators from around the country were urged June 2 to study existing regulations in the United States and around the world before they alter their policy statement on Internet gambling.
- By Tom LaMarra
Revised legislation that would provide the Illinois horse racing industry with casino revenue passed the state House of Representatives 70-32 April 26 and heads to the Senate for consideration.
Ohio Attorney General Jim Petro has rejected requests of three groups seeking to put the issue of video lottery terminals at racetracks on the ballot this year.
Gambling proponents announced a proposed constitutional amendment March 24 to allow video slot machines at the seven racetracks in Ohio. The proposal, which calls for slots at non-track sites in Cincinnati and Cleveland, would also allow voters in counties with racetracks to vote in four years on establishing full casinos with table games in those areas.
Ohio racetracks and a Cleveland developer are reportedly close to a deal on language for a November referendum on slot machines at the tracks and three non-track locations.
- By Pete Spanos
At a March 20 statehouse rally in Boston, hundreds of local horsemen, track employees, city mayors, and labor leaders pressed lawmakers for action on a proposal that would add 2,000 slot machines at each of the state's four pari-mutuel facilities.
A Kentucky House committee approved legislation March 15 to authorize a constitutional amendment on casino gambling, but the substitute measure--believed to have little or no chance of passage in the full House--makes no mention of racetracks or dedicated revenue for state programs, the lynchpins of legislation proposed by the Kentucky Equine Education Project.
More than nine in 10 Kentucky voters (92 %) believe they should be given an opportunity to vote on a constitutional amendment allowing for casino gaming even if they are opposed to expanded gambling, according to the finding of a recent survey of 801 Kentucky voters conducted on behalf of KEEP˜the Kentucky Equine Education Project.
Delta Downs Racetrack & Casino and several other gaming facilities in southwest Louisiana were shuttered as Hurricane Rita made landfall near the Texas-Louisiana border the morning of Sept. 24.
A proposed tribal mega-casino less than seven miles from Golden Gate Fields spurred a massive lobbying effort from California's $4.5-billion horse racing industry the week of Aug. 23.
Maryland officials who oppose expanded gambling met with lawmakers and activists in Pennsylvania April 28 in the hope of combating any push for racetrack slot machines or casinos.
- By Tom LaMarra
Kentucky legislators have left open the possibility expanded gambling could be revisited in the future, but they claim greed and resistance by the horse racing and breeding industry put a casino bill on the shelf for the 2004 session. Industry officials disagree with that perspective.
Disagreement between the horse racing industry and a legislator has put casino legislation in Kentucky in a tenuous position for the current session.
Officials representing the horse industry said Wednesday following a Kentucky House of Representatives Licensing and Occupations committee meeting that full industry support for casino gaming at five racetracks and four off-site locations comes down to cleaning up language in the proposed bill. The bill, which was filed by Democrat Rep. Larry Clark, is expected to be heard in full committee during its March 10 meeting.
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