Keeneland is poised to sell all or part of its 50% interest in Turfway Park to Caesars Entertainment and perhaps a partner of the gaming company, sources said.
Harrah's Entertainment said July 28 it has completed its purchase of Thistledown near Cleveland, Ohio, from MI Developments.
The Buckeye State welcomed two new racetrack operators June 23 as the Ohio State Racing Commission approved the sale of both Beulah Park and Thistledown, which are to be purchased by casino companies.
MI Developments intends to offer Thistledown, the Ohio racetrack near Cleveland, for sale during a May 25 auction in New York.
Democratic Ohio Gov. Ted Strickland indicated Sept. 21 his administration is preparing to take the "next steps" in the wake of an Ohio Supreme Court ruling that says a statewide referendum is required before the state implements racetrack video lottery terminals.
A Delaware bankruptcy judge approved the sale of Magna Entertainment Corp.-owned Thistledown in Ohio to Harrah's Entertainment for $89.5 million and Remington Park in Oklahoma City for $80.25 million to a Chickasaw Nation subsidiary. An agreement also has been reached to sell Lone Star Park for $27 million.
Speculation abounds in Ohio, where casino companies are examining racetracks for possible purchase and a deal on revenue from video lottery terminals for purses hasn't been hammered out.
Gaming executive Tom O'Donnell has been named president and general manager of Calder Race Course, parent company Churchill Downs Inc. announced Nov. 13. O'Donnell also will serve as a senior vice-president of CDI, the company said.
Mark Conner, a 16-year veteran of the gaming industry, has been named the new director of marketing at Fair Grounds Race Course & Slots.
- By Ryan Conley
Turfway Park said Aug. 20 it has received horsemen's consent to distribute its racing signal for the upcoming fall under the auspices of the present exclusive agreement with TVG, thus ending any speculation of a standoff similar to those plaguing other tracks.
Harrah's Entertainment Inc., the world's largest casino company, said Tuesday that its board has accepted a $17.1 billion buyout offer from two private equity groups.
Pennsylvania gambling regulators began licensing hearings Sept. 11 that will be a prelude to authorizing slot machines at racetracks later this year.
Officials at Woodbine Entertainment Group announced March 28 that the Ontario-based racing and entertainment company will install a Polytrack surface on its one-mile main dirt track at Woodbine. Construction is to begin in early July.
- By Tom LaMarra
Representatives of operations that have or will have gaming at racetracks left little doubt which half of the equation drives the financial engine, and they indicated marketing horse racing as an entertainment option rather than a gambling enterprise may be the way to go.
Delta Downs Racetrack & Casino and several other gaming facilities in southwest Louisiana were shuttered as Hurricane Rita made landfall near the Texas-Louisiana border the morning of Sept. 24.
Harrah's Louisiana Downs in Bossier City, La., has rejoined the National Thoroughbred Racing Association.
Harrah's Louisiana Downs opened its new slot-machine casino April 30, with a grand opening tied to the start of live Thoroughbred racing May 14.
The Illinois Gaming Board Monday picked Isle of Capri Casinos Inc. to receive the state's 10th casino license.
Three finalists for a dormant casino gaming license in Illinois currently held by bankrupt Emerald Casino Inc. were named by the state gaming board Wednesday.
Slot machines at Louisiana Downs in Bossier City, La., appear to have impacted five riverboat casinos in the Shreveport/Bossier City market, according to July revenue reports filed with the Louisiana Gaming Control Board.
The racino at Louisiana Downs in Bossier City, La., took in more than $2.6 million in revenue in its first 11 days of operation, according to figures released by the Louisiana Gaming Control Board. The 905 slot machines went online May 21.
Louisiana Downs in Bossier City, La., will turn on its slot machines May 21 well in advance of its live Thoroughbred meet that begins June 27.
A Louisiana Senate committee April 1 approved slot machines for Fair Grounds in New Orleans. The measure, which passed on a 4-2 vote, now goes to the House of Representatives for consideration.
The Louisiana State Gaming Control Board gave its approval Feb. 18 for Harrah's Entertainment to operate slot machines at Louisiana Downs.
The transfer of Louisiana Downs' horse-racing license to Harrah's Bossier City Investment Co. is nearly complete after the Louisiana Racing Commission approved the move Thursday.
Harrah's Entertainment may increase the initial $157 million it wants to spend on Louisiana Downs, the Bossier City racetrack it purchased this year. The casino company plans to install 1,500 slot machines at the track when the acquisition is complete.
The Louisiana Gaming Control Board has ordered a suitability investigation into Harrah's Entertainment in regard to its announced purchase of Louisiana Downs.
Penn National Gaming will pay a $1 million settlement to a Las Vegas casino company that was suing over the casino rights to Charles Town Races.
In a strong promotion that links horse racing and gaming, Turfway Park will put its top 100 FasTrack Rewards program members on a private plane to Laughlin, Nev., for an all-expenses-paid junket in late November.
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