Fasig-Tipton, in conjunction with Gulfstream Park, will host a charity poker tournament to benefit New Vocations and the Permanently Disabled Jockeys Fund in advance of the company's Florida sale of 2-year-olds in training.
The New York state Senate next week is poised to confirm Gov. Andrew Cuomo's choice for the new head of the state Gaming Commission, the powerful regulatory agency that oversees racetrack and casino operations.
Woodbine officials say an agreement in place with the province of Ontario will ensure live racing and industry stability for the next two years.
Melissa Nolan is the Kentucky Thoroughbred Association/Kentucky Thoroughbred Owners and Breeders' new marketing and communications coordinator.
The bread-and-butter meets in Kentucky are teetering on the brink read blog
How long will racino operators, legislators support racing's side of the business? read blog
- By Tom LaMarra
Talking out both sides of the mouth ... and trying to make sense of it all. read blog
Horses and jobs are leaving Kentucky for other racing states with casino gaming read blog
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.
New York Gov. Andrew Cuomo wants to eliminate the state's chief racing industry regulatory body and merge it with an agency that now runs the state's lottery and racetrack VLT programs.
The expansion of gambling is back on the front burner in Massachusetts as key legislators and the governor work to settle their differences and draft a compromise bill that could be passed as early as July.
Discussions about expanding gambling in Massachusetts have been moved off the fast track as the governor and legislators now will make closing the state's $1-billion budget deficit their top priority.
The solution is and has always been about building a better product to a new generation. Read Blog
- By Jim Freer
The Florida legislature will begin its two-month regular session March 2, with House Speaker Larry Cretul leading an effort to pass a pari-mutuel bill.
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.
Passage of legislation that would allow video lottery terminals at Kentucky racetracks would provide a boost to the state's yearling auctions later this year, according to Brereton Jones of Airdrie Stud.
Kentucky Sen. Damon Thayer, who sponsored the legislation that resulted in Kentucky's Breeders' Incentive Fund, has inquired about another method of garnering funds for the state's Thoroughbred industry.
Casino and racetrack operator Penn National Gaming Inc., which is under contract to be purchased by two private entities, said April 24 its first-quarter profit dipped 5% on pre-opening expenses and economic challenges.
The franchise to operate Aqueduct, Belmont Park, and Saratoga will be front and center Sept. 12 during a meeting of the New York Senate Committee on Racing, Gaming, and Wagering.
- By James Platz
Hoosier Park officials decided Wednesday to forgo a temporary slots facility and build a 92,696-square-foot casino with permanent slots at the Anderson, Ind., racetrack.
Albany Law School's Saratoga Institute on Racing and Gaming Law got off to a fast-paced start Aug. 7 when Dr. Don Catlin, a pioneer in the field of athletic drug testing, addressed a group of assembled lawyers and industry representatives gathered at the Gideon Putnam Hotel in Saratoga Springs, N.Y.
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.
A bill that would allow California racetracks to retain their license fees to boost purses and breeders' awards successfully passed out of the California State Senate Governmental Organization Committee April 24 on a 7-0 vote.
A joint resolution that would allow voters of individual Florida counties to decide if they want specified forms of casino gaming is among at least two pieces of gaming legislation filed for the upcoming session of the Florida Legislature, which begins March 5.
President Bush signed a bill Oct. 13 to tighten port security and ban Internet gambling - with the exception of wagers placed on horse 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.
For the third straight year, a bill legalizing slot machines in Maryland is headed for the House of Delegates, where it's anyone's guess what will happen next.
The winter convention of the National Council of Legislators from Gaming States will feature a "Thoroughbred Summit" at which speakers will discuss the changing forces impacting the pari-mutuel industry.
The gaming room at Saratoga Gaming and Raceway, which opened Jan. 28, handled $82 million and provided net earnings of $6.3 million through March 1.
A spokesman for Oklahoma Governor Brad Henry says the governor could sign the gaming bill on his desk by early next week.
West Virginia has joined Washington as states planning to consolidate government functions and make the racing commission part of a broader gambling commission.
Legislation to authorize video lottery terminals at all pari-mutuel facilities in Florida was filed by Sen. Steven Geller, who said it could very well be changed in light of concerns over revenue splits.
Can racing and gaming be integrated in one facility? Apparently so, but the final product won't look the same from racetrack to racetrack.
The Louisiana State Gaming Control Board has ruled that video poker machines at Delta Downs in Vinton qualify as slot machines under state law.
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.
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.
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%.
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.
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.
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.
Racetrack casinos in five states generated $2.1 billion in revenue and $577.9 million for state and local governments, according to the American Gaming Association's "State of the States" survey of casino entertainment.
A deal to give New York racetracks a greater share of proceeds from video lottery terminals appears to be falling apart, according to state budget negotiators.
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.
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.
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.
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.
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 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.
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.
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.
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