Prairie Meadows Racetrack & Casino is opposing a proposed casino in Jefferson, Iowa, that it estimates would reduce its gaming revenue by nearly $13 million.
The 67-day Thoroughbred meet at Prairie Meadows Racetrack & Casino will run from April 18-Aug. 9 in 2014, but its racing week is still in dispute.
Prairie Meadows Racetrack & Casino June 24 approved a new eight-year lease with Polk County that will pay the county $26 million in each of the first three years and perhaps more after that.
Jockeys at Prairie Meadows and the Iowa Horsemen's Benevolent Protective Association have agreed on a new losing mount fee scale that will take effect when the track opens April 24.
The Iowa Racing and Gaming Commission Nov. 8 approved a plan by Prairie Meadows Racetrack and Casino for a 2008 racing season over the objections of Thoroughbred interests that wanted a longer spring meet.
Prairie Meadows Racetrack and Casino won't be compelled to install a synthetic racing surface, at least not in the immediate future. But the Iowa track's dirt surface could be the topic of future discussion.
Prairie Meadows will offer a record purse per day average when its Thoroughbred meet opens on April 21.
Prairie Meadows plans to run 90 days of Thoroughbred and Quarter Horse racing in 2006 under a plan unanimously approved Aug. 29 by the track's board of directors.
Prairie Meadows cannot receive payments from services that take Internet or telephone wagers from Iowa residents, according to an Iowa attorney general's opinion.
The Iowa Racing and Gaming Commission unanimously approved plans July 15 permitting Prairie Meadows Racetrack and Casino to add 33 table games for blackjack, craps, roulette and poker.
The Iowa Racing and Gaming Commission will not pursue gambling charges against former Prairie Meadows chairman Jim Rasmussen.
Prairie Meadows has proposed a 96-day Thoroughbred and Quarter Horse racing season for 2004. The plan is to race only four days a week instead of five.
Former Prairie Meadows chairman Jim Rasmussen turned in his horse owner's license and his River Ridge Ranch stable was legally dissolved May 20. The move looms as a preemptive strike to avert a June hearing at which the Iowa Racing and Gaming Commission would have considered action against Rasmussen for making illegal football bets with alleged bookmaker Robert Derryberry.
Jim Rasmussen stepped down as chairman of the Prairie Meadows board of
directors May 9 in the midst of health concerns and charges he had bet
with a bookmaker on football games.
A Prairie Meadows board member said that chairman Jim Rasmussen should temporarily step down until an investigation is completed regarding his possible involvement in an alleged illegal sports betting operation.
Prairie Meadows will do away with its weeklong Iowa Festival of Racing as it adjusts its season to a new schedule and scaled-back purses. Instead of packing its six biggest Thoroughbred races into one week, the track will spread them out over four weekends from June 21 to July 12.
Prairie Meadows is reviving a $25 million expansion plan on the heels of a state Supreme Court decision that drastically reduced the racetrack's gambling taxes, according to the Des Moines Register.
The upcoming mixed meet at Prairie Meadows will feature a reduced pari-mutuel takeout and a new pick four wager with a 12% takeout rate. The changes were approved by the Iowa Racing and Gaming Commission.
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