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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.

KY Senator Suggests Instant Racing

KY Senator Suggests Instant Racing

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.

Steroid Prohibition Topic at Saratoga Racing and Gaming Institute

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.

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.

Maryland Slots Bill Introduced Again

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.

Report: Benefits of Ohio Racetrack Slots Exaggerated

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

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

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

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

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

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.

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