Gaming

News, Articles, Videos and other content about Gaming

KY Owners, Trainers React to VLT Bill Failure

KY Owners, Trainers React to VLT Bill Failure

In the aftermath of the failed passage of the legislation that would have allowed video lottery terminals at Kentucky racetracks, several Thoroughbred industry members voiced their opinions on how they will survive without the extra boost to the state's purse structure and breeders' incentive programs.

NYRA Receives Permission to Offer Internet Wagering

The New York Racing Association will become the first racing entity in New York to offer internet wagering. State regulators April 26 approved a NYRA application to permit the potentially lucrative form of gambling, beginning as soon as NYRA can start the venture.

Other Pari-Mutuel Industries Parallel Thoroughbred Racing

Comments from officials from the United States Trotting Association, the American Quarter Horse Association, and the Greyhound industries mirrored concerns facing the Thoroughbred industry during a panel discussion at the opening session of the Association of Racing Commissioners International convention.

Report: Benefits of Ohio Racetrack Slots Exaggerated

  • News

The costs of problem gambling could outweigh the economic benefits if Ohio's seven racetracks were permitted to install slot machines, according to a draft report by a committee studying the impact of gambling in the state.

Ruling Worth $17M to Prairie Meadows in 2002

  • News

Prairie Meadows stands to save $17 million in gaming tax payments this year and $23 million by 2004 after the Iowa Supreme Court ruled June 12 that it was unconstitutional to charge a higher tax rate for slot machines at racetracks than those on riverboats.

Iowa Court: Racetrack Casino Tax Isn't Equitable

The pari-mutuel industry in Iowa got a major boost June 12 when state Supreme Court justices ruled they could "find no rational reason for treating racetrack slot machines differently than riverboat slot machines." Racetracks currently pay a 32% tax, while the riverboats pay 20%.

Indiana Gaming, Racing Bill Heads to Full Senate

  • News

With the help of three Republicans who crossed the isle June 7, hopes for dockside gaming and pull-tab legislation continue to live as the full House passed House Bill 1001 by a 51-47 margin. The legislation now moves to the full Senate, which has a Republican majority.

Louisiana Legislators Wary of Racetrack Proposals

  • News

Plans have been floated for two racetracks in Louisiana, but some legislators have asked the state racing commission not to issue any more licenses. They believe the plans are more about gaming than horse racing.

Ohio Racetrack Gaming: Only a Matter of Time?

The Ohio Senate May 30 concurred with House changes and approved a $1.17-billion budget bill that has no provisions for video lottery terminals at the state's seven racetracks. However, supporters of legislation to legalize VLTs are still confident the proposal will pass in the future.

Massachusetts Panel to Study Expanded Gaming

Expanded gambling, including slot machines at racetracks, took a hit May 9 when the Masschusetts House voted against it, but legislators did establish a committee to make recommendations on the issue by the end of the year.

Schwartz: Aqueduct VLT Plan Must be Scaled Back

Plans by the New York Racing Association to build a world-class gambling facility to house video lottery terminals at Aqueduct will have to be shelved because state regulators are requiring tracks to pay too much of the program's expenses.

Sen. Larkin Jr. Keynote Speaker at N.Y. Gaming Summit

  • News

New York State Sen. William J. Larkin Jr., who played a key role in the passage of legislation mandating the expansion of gaming in New York, will present the keynote address at next month's New York Gaming Summit.

Higher Expenses, Slow Slot Conversion Hurt MTR Gaming Stock

  • News

Shares of MTR Gaming Group (Nasdaq:MNTG), owner of Mountaineer Park in West Virginia, fell as high as 27% on Tuesday, a day after the racetrack, casino and hotel operator reported lingering problems in converting its slot machines to higher wagers. The company also surprised analysts by annoumcing higher than expected costs associated with a new hotel.

Packed House Greets Slots at Delta Downs

  • News

Hundreds of eager gamblers lined up Wednesday outside Delta Downs in Vinton, La., to gamble in its new 1,500-machine slots parlor. Boyd Gaming, the track's owner, officially opened the large casino after months of legal snags and delays and an investment of more than $165 million.

Boyd Makes Payment to Former Delta Owner

  • News

Boyd Gaming, which owns Delta Downs in Vinton, La., has paid $5.1 million to former owner Shawn Scott for his remaining interest in a proposed slot-machine parlor at the racetrack, according to recent filings by Boyd with the U.S. Securities and Exchange Commission.

Delta Owner Says Employees to Stay on Payroll

  • News

Boyd Gaming will keep all 700 new Delta Downs employees on its payroll even though it doesn't know when it will open its slot-machine casino at the Vinton, La., facility it purchased for $125 million.

Pennsylvania THA Endorses Slots Legislation

  • News

The Pennsylvania Thoroughbred Horsemen's Association, the statewide organization representing owners and trainers at Philadelphia Park, has endorsed legislation sponsored by Rep. John Taylor to allow slot machines at Pennsylvania's four licensed racetracks.

Schwartz: Video Gaming Not a Panacea

The video lottery terminals proposed for New York racetrack appear to be less of a good deal than was expected when a law that permits them was rushed through two months ago, the head of the New York Racing Association said.

Most Popular Stories