Live racing at Philadelphia Park could be suspended Jan. 1, 2003 if management and horsemen are unable to come to terms on a new live racing agreement, which expires at the end of December. Horsemen are particularly concerned over language in the contract that protects their share of purse revenue.
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.
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.
Philadelphia Park will offer a $1.8-million stakes schedule this season with 10 fewer events than last year.
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 deal thought to have been struck between horsemen and racetrack management for 2002-2003 racing dates in the Garden State fell apart Dec. 20 during a sometimes-contentious New Jersey Racing Commission meeting. One racing official said the "climate of pettiness" is threatening live racing in the state.
The New Jersey Racing Commission on Wednesday unanimously approved the sale of Atlantic City Race Course to Greenwood Racing for $13 million.
Pennwood Racing, which owns Freehold Raceway and figures in the mix as New Jersey prepares to launch account wagering and off-track betting systems, is looking to expand its holdings in the Garden State with the purchase of Atlantic City Race Course.
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.
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.
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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