Next year's Breeders' Cup World Championships are set for the Oak Tree meet at Santa Anita Park, but which venue will host the event beyond that running is still in the works.
Some patrons of the Breeders' Cup World Championships didn't have a good time, and they aren't blaming it on the weather.
Former Youbet co-founder and chief executive officer David Marshall has resigned his position as vice-chairman of the company's board of directors, according to an Oct. 30 filing with the U.S. Securities and Exchange Commission.
Just as severe weather played havoc with many facets of the 2007 Breeders' Cup, the blustery, sloppy conditions hit the bottom line of handle figures at Monmouth Park during the first-ever two-day World Championships.
A total of $111,903,685 was wagered from all sources on the 11-race Breeders' Cup World Thoroughbred Championships card at Monmouth Park Oct. 27, according to preliminary data, a decline of 20.3% from the all-time record set at Churchill Downs last year.
English Channel pulled away from a tight pack coming out of the final turn and exploded through the stretch to win his first $3 million John Deere Breeders' Cup Turf (gr. IT) in three tries, beating a field that included European star Dylan Thomas.
Kip Deville split horses at the top of the stretch and overtook a host of rivals with a strong move to win the $2 million NetJets Breeders' Cup Mile (gr. IT) at Monmouth Park Oct. 27.
A new all-sources handle of $30,370,671 was established for Monmouth Park during the Oct. 26 running of the Breeders' Cup World Championships, the track has reported.
Nownownow, transferred this week from troubled trainer Patrick Biancone to his assistant Francois Parisel, rallied from last at the quarter pole to win the inaugural running of the $916,000 million Breeders' Cup Juvenile Turf Oct. 26 at Monmouth Park.
Several lawsuits pending against ClassicStar have been consolidated into a single action to be heard in Kentucky federal court, but the primary operating entity of the former broodmare-lease marketer will be temporarily exempt from litigation pending its bankruptcy action.
The Oregon Racing Commission has notified International Racing Group that it intends to suspend its state operating license as an advance deposit wagering company, but parent company Youbet.com says it is working to prevent such an event.
Bill Casner has resigned as a director of Horse Owners' Protective Association, saying he is leaving the advocacy group in reaction to comments recently made by fellow founder Jess Jackson in regard to the Sales Integrity Task Force.
The Oregon Racing Commission is looking into whether there are any statutory licensing actions to be taken against International Racing Group, which has had $1.5 million in funds seized by federal authorities.
Breeders' Cup Ltd. has anounced agreements to carry the World Championship signals with all major account deposit wagering platforms, including Youbet.com, which has been involved in a federal investigation regarding activities of its off-shore wagering entity, International Racing Group.
Even though preliminary recommendations on self-regulation for the auction industry have been released by the Sales Integrity Task Force, the Kentucky legislature still has several months before it will act on them.
Preliminary recommendations aimed at self-regulation for the equine auction industry were unveiled by the Sales Integrity Task Force during a public forum held at the Keeneland sales pavilion Oct. 15, but the driving force behind Kentucky legislation seeking reform in the public selling arena quickly voiced displeasure with the suggestions.
Several advance deposit wagering companies have yet to secure contracts for the Breeders' Cup World Championships, a consultant said Oct. 15.
A public forum on preliminary recommendations by the Sales Integrity Task Force to the Kentucky legislature on auction transparency issues will be held at Keeneland Oct. 15 at 1 p.m.
Youbet.com disclosed Oct. 12 that the federal government has seized $1.5 million in funds from three Nevada bank accounts affiliated with the company's off-shore entity, IRG.
TVG has taken umbrage with a published report about the joint dismissal of a lawsuit brought against the account wagering company by Churchill Downs Inc., claiming there was no settlement involved.
A federal search warrant was served at the California headquarters of Youbet.com Oct. 4 as part of a federal investigation being conducted by the U.S. Attorney's Office in Las Vegas, the company has reported.
A public forum on preliminary recommendations by the Sales Integrity Task Force to the Kentucky legislature on auction transparency issues will be held at the Keeneland sale pavilion Oct. 15 at 1 p.m. EDT.
The legal battle focused on Lawyer Ron has been jointly dismissed by the involved parties, and a decision on the racing future of the multiple grade I winner is expected shortly.
A court ruling has set the stage for a trial over whether slots can continue at Gulfstream Park and other Broward County pari-mutuel facilities.
Colonial Downs and Virginia horsemen have filed a lawsuit claiming Youbet.com is operating illegally without a license in the commonwealth, and want the advance deposit wagering company to pay back hundreds of thousands of dollars in lost source-market fees.
Jess Jackson's California lawsuit against Emmanuel de Seroux was settled Sept. 24, one week before a trial over the blockbuster case was scheduled to start, attorneys affiliated with the case have confirmed.
Led by the $122,000 given for a half-sister to grade II winner Dream Rush, the Sept. 24 session of the 2007 Keeneland September yearling sale again produced lofty percentage increases over the corresponding 2006 session.
The recent filing for bankruptcy protection by ClassicStar LLC will streamline claims against the one-time broodmare lease operator, an attorney for the embattled entity says, but its effect on multiple legal actions already in the pipeline isn't exactly clear.
The president of a Louisiana horsemen's group has promised legal and legislative action if a solution isn't soon realized in the fractured advance deposit wagering industry.
With six months down and four to go - and dealing with such hot-button issues as ownership disclosure, medical disclosure, and agent licensing - where does the Sales Integrity Task Force stand?
Group III-winning juvenile Fast Company has been sold by Earle I. Mack to Darley for an undisclosed price, it was confirmed Aug. 29.
A series of owners' seminars focusing on fraud and tax issues in the Thoroughbred industry is scheduled for Sept. 12 in Lexington, and will be hosted by a group of attorneys that include those involved in the high-profile James McIngvale lawsuit.
Magna International shareholders approved a plan Aug. 28 that will allow Russian Machines to acquire a 42% stake in the international auto parts supplier for $1.5 billion.
A group of bettors angered at the divisive state of advance deposit wagering has taken action by staging what it termed a "buycott" at a New Mexico racetrack, and also launched a protest Web site against a content provider.
Magna Entertainment Co. announced "disappointing" second-quarter earnings Aug. 9 that included a $23.4-million loss during the period, and outlined new initiatives to help reduce mounting debt that has haunted the racetrack operator.
- By Ryan Conley
MTR Gaming Group realized a 40% increase in net revenues for the second quarter, according to financials released Aug. 9, but recorded a net loss of $502,000 as the company battled slots competition from neighboring Pennsylvania.
- By Ryan Conley
David Mueller knows all about flying high, so he was pleased to see a horse he bred soar among the top prices realized in the Aug. 6 opening session of the Fasig-Tipton Saratoga yearling sale.
With wife Beverly and son Jeff at the helm, surviving family members of the late Robert Lewis say they are happily fostering the ebullient owner's passionate flame for racing.
Bill Couch has been named racing secretary at Gulfstream Park for the 2008 meet, the track recently announced.
- By Ryan Conley
Lawyer Ron's victory in the July 28 Whitney Stakes (gr. I) at Saratoga apparently has had no impact on the lawsuit between his owners, a legal dispute that one of the principal parties described as being "in limbo."
A dispute over the sale of an injured horse has two of the nation's top owners headed to court.
A bill that empowers Florida's state government to set rules regarding transparency issues in the sale of horses was recently signed into law by Gov. Charlie Crist.
Michael Neuman, who was hired in late February as the chief executive officer of Magna Entertainment Corp., is leaving the company, it was announced June 22.
Former professional basketball player Greg Minor is among the latest to join a long list of investors who claim former broodmare lease operator ClassicStar and its affiliates caused them to lose large sums of money.
A new entity called Woodford Thoroughbreds is setting up shop at the former ClassicStar Farm near Versailles, Ky., a venture that will include the transfer of John Sykes' Cloverleaf Farm II operation from Florida.
John Sykes has confirmed he is moving his Cloverleaf Farm II operation from Florida to a Kentucky location, a site that is believed to be ClassicStar Farm in Woodford County.
TVG has filed a lawsuit against Magna Entertainment Corp., HRTV, and XpressBet for alleged patent infringement, the company announced May 18.
Though the net result was slightly less than last year's effort, Pimlico Race Course still realized its fourth-highest wagering day ever May 19 for its card highlighted by the Preakness Stakes (gr. I).
Two defendants named in Jess Jackson's California lawsuit involving alleged horse sale fraud have reached separate settlement agreements with the horse owner, attorneys on both sides of the legal action have confirmed.
Meeting for the first time since its announced resurrection almost three months ago, the revived Sales Integrity Task Force left its May 7 gathering at Keeneland with proclaimed vows of providing quick and satisfying results.
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