Jim Rasmussen

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Rasmussen Apologizes For Illegal-Bets Controversy

Jim Rasmussen apologized May 21 for illegally wagering on football, but said his decision to step down as Prairie Meadows chairman of the board was a combination of the betting controversy and ill health.

Former Prairie Chairman Turns in Owner's License

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.

Chairman of Prairie Meadows Board Steps Down

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.

Association Makes Offer for Prairie Meadows

The Racing Association of Central Iowa has offered to purchase Prairie Meadows Racetrack and Casino for $150 million. RACI, a non-profit organization that currently runs the Altoona track, would pay Polk County $15 million a year for 10 years, according to its proposal.

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