In a compromise decision at the end of a long and difficult meeting, the owners of Rosecroft Raceway in Maryland voted to sell the Standardbred track to Centaur Inc., part owner of the Hoosier Park in Indiana and casinos in California and Colorado.
With both gubernatorial candidates supporting slot machines at racetracks, a flurry of applications for new licenses were presented to the Pennsylvania State Racing Commission last week in anticipation of the expanded gaming revenue.
The former president of Pocono Downs has a plan to bring Standardbred racing back to the Delaware Valley, but some view his proposal as an attempt to cash in on slot machines should the Pennsylvania legislature approve such a measure.
At its general membership meeting Aug. 13, the Cloverleaf Standardbred Owners Association discussed two unsolicited proposals for the purchase of Rosecroft Raceway in Maryland from two racing corporations, one of which is Greenwood Racing. But the harness track apparently isn't for sale.
The future of Atlantic City Race Course remains in question after the completion of its one-day program May 10, the only live date for 2002.
Atlantic City Racecourse, which was granted one day of live racing by the state racing commission in late January, will run seven races all on the turf on Friday, May 10, with the day's purses totaling $110,000.
Jim Gagliano, executive vice president and general manager at Philadelphia Park, will leave that post Feb. 22 to take a job with Magna Entertainment. Gagliano will head Magna's off-track betting operations.
A new network to telecast horse races was unveiled Friday by Magna Entertainment Corp., Roberts Communications Network, Inc., and Greenwood Racing, Inc. The service effectively replaces the former satellite served called The Racing Network, which ceased operations last year after failing to sign up enough customers.
Oaklawn Park raises the curtain on its 54-day meet Friday in the heart of Hot Springs National Park in Arkansas. The oval first saw racing in 1905.
The Racing Channel, an online handicapping and odds service with links to Philadelphia Park's Phonebet service, was granted approval to operate a "multi-jurisdictional simulcasting and interactive wagering totalizator hub" in Oregon. The approval includes an international marketing service that would take wagers from the United Kingdom through legal bookmakers.
Magna Entertainment Corp. will revive The Racing Network early next year, according to company chairman and founder Frank Stronach. The live racing network will likely be reintroduced when MEC launches its account wagering service in California.
Customers of the Philadelphia Park Phonebet system can now use the Internet to make wagers. Greenwood Racing, which owns the Pennsylvania racetrack, has unveiled "Phonebet.com," a Web site for computerized betting. Users can watch live odds, the live race feed, and make bets simply by using their mouse.
Greenwood Racing will make donations totaling $100,000 to charities involved in disaster relief efforts in the City of New York resulting from the attack on the World Trade Center Towers on September 11, 2001.
Greenwood Racing will make donations worth $100,000 to charities involved in disaster relief efforts in New York City.
The New Jersey Racing Commission on Wednesday unanimously approved the sale of Atlantic City Race Course to Greenwood Racing for $13 million.
The Racing Network, which is based at Philadelphia Park, announced Monday it has suspended operations effective immediately. The Racing Network International, an associated company that broadcasts United States racing internationally, remains operational.
The sale of New York City Off-Track Betting apparently hinges on legislative changes that would make the entity more attractive to potential buyers. Meanwhile, it appears the state legislature may have more time to examine the issue given the fact they may remain in Albany into the summer.
Now that live racing and simulcasting has ended permanently at Garden State Park, Pennwood Racing, which owns nearly 10 acres of land at the site, must wait for off-track betting legislation to pass in New Jersey, and gain regulatory approval from Cherry Hill Township, before it begins construction on a planned off-track wagering parlor.
The Thoroughbred community figured the April-early May meet at Garden State Park would be the track's last. But the Standardbred community was shocked to find out that this fall's harnesss meet wouldn't go. In fact, the New Jersey racetrack will shut down for good May 29, even for simulcasting.
At the New York Capitol building Tuesday afternoon, legislative sources were already predicting the new partnership of the New York Racing Association, Churchill Downs Inc., and the TV Games Network has a strong edge over the group headed by Magna Entertainment in the bidding for New York City Off-Track Betting Corp.
A Magna Entertainment-led group that submitted a bid for New York City Off-Track Betting Corp. has added a well-placed lobbyist at the state capital, an unusual pre-emptive move for a contract that hasn't been awarded. GMR-NY, a company incorporated in Delaware, has signed a deal to pay $110,000 to Patricia Lynch, who until Dec. 31 had been the closest adviser to Assembly Speaker Sheldon Silver, a Manhattan Democrat.
All parties that met the city's demand of a bid of at least $250 million remain in the running for ownership of New York City Off-Track Betting Corp., sources close to the situation said Thursday. City officials have strongly denied a published report this week that the field has been narrowed to two bidders -- one group led by the New York Racing Association, and the other by Frank Stronach's Magna Entertainment.
A deal that gives the TV Games Network the exclusive right to conduct interactive wagering on Breeders' Cup Championship Day races has left other account-wagering providers wondering how the decision will impact their ability to carry the Breeders' Cup program Nov. 4 at Churchill Downs.
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