Louisiana

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Judge Puts Fair Grounds Debt to Horsemen at $89M

  • News

A state district judge ruled March 22 that Fair Grounds owes horsemen almost $90 million in damages from the video-poker lawsuit that led to the track's filing for Chapter 11 bankruptcy reorganization last August, the New Orleans Times-Picayune reported.

Louisiana Racinos Produce $40M for Purses So Far

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The slot-machine parlor at the Delta Downs Racetrack & Casino reigns as the most profitable racino in Louisiana, having generated more than $33 million in purse money the past two years, according to the Louisiana Gaming Control Board. In all, three racinos have produced more than $40 million for horsemen.

Evangeline Sale Boosted By Franks Horses

Boosted by a group of horses sold as part of the continuing dispersal of racing and breeding stock owned by the late John Franks, the 2-year-olds in training and paddock sale at Evangeline Downs racetrack in Louisiana March 14 grossed $1,503,500.

Roussel Offers $30 Million for Fair Grounds

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Louie Roussel III, who owned a controlling interest in Fair Grounds until 1990, is the latest to make an offer for the New Orleans track. A week after Churchill Downs Inc. bid $28.5 million for Fair Grounds, Roussel upped the offer to $30 million, according to published reports.

$50M Delta Downs Expansion Project Under Way

  • News

A $50-million expansion of the Delta Downs Racetrack & Casino is well under way with completion expected by the end of 2004. The project includes a hotel and a bigger parlor for slot machines.

Churchill Offers $28.5 Million for Fair Grounds

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Churchill Downs Inc. has apparently upped its interest in Fair Grounds. According to a local report, CDI offered $28.5 million to buy the New Orleans racetrack, though about $20 million of that would go to horsemen to settle a revenue dispute.

Stall Replaced as Head of Louisiana Commission

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Gov. Kathleen Blanco has replaced Albert Stall Sr. as the chairman of the Louisiana Racing Commission. New Orleans attorney Bob Wright replaced Stall, who has been a commission member for 26 of the past 32 years, serving 18 years as chairman.

Horsemen on Drug Rules: If It Ain't Broke, Don't Fix It

The National Horsemen's Benevolent and Protective Association has adopted a position paper on medication and drug-testing that says any changes in policies in each jurisdiction should be enacted only after there is scientific evidence specific therapeutic drugs shouldn't be used in racehorses.

Offshore Hub Plan Officially Endorsed by National HBPA

The National Horsemen's Benevolent and Protective Association has officially put its weight behind a plan for an offshore hub that would accept wagers from foreign countries and funnel them to a common pool from which racetracks and horsemen would derive revenue.

Aggregation of Rights, Purse Growth High on NTRA Agenda

With major contracts for television, sponsorship, and membership up for renewal this year, the National Thoroughbred Racing Association believes 2004 is the year that could spark major growth in horse racing for the long term, commissioner Tim Smith said.

Horsemen Tackle Issue of Payroll Fees for Jockeys

The issue of how jockeys are paid surfaced during the National Horsemen's Benevolent and Protective Association winter convention in New Orleans, and apparently it has created some conflict in some racing jurisdictions around the country.

MEC: Recent Moves Designed to Benefit Tracks, Horsemen

Magna Entertainment Corp.'s top executive admitted the company has taken plenty of heat for recent business decisions tied to account wagering and rebate shops, but he indicated the racing conglomerate wouldn't apologize for a strategy he said is designed to benefit the industry in the long term.

National HBPA to Take Hard Look at Betting Hub Plan

The National Horsemen's Benevolent and Protective Association's Executive Committee will decide Feb. 3 whether to move forward with a plan to create an offshore wagering hub that would accept wagers from bettors outside the United States in an attempt to increase handle and generate revenue for purses.

Stakes Purses Increased at Evangeline Downs

When Evangeline Downs opens its season April 1, purses for several stakes races will see noticeable increases, thanks to the positive impact of expanded gaming at the Carencro, La., oval. Most notable is the return to prominence of the Evangeline Mile, which received a $25,0000 increase to make the Aug. 14 race now worth $100,000.

Super Bowl QB Delhomme is Horse Owner, Racing Fan

The hottest thing in Breaux Bridge, La., these day is native son Jake Delhomme, who as the Carolina Panthers quarterback, led the team to National Football League's National Football Conference Championship and a trip to the Super Bowl.

Hallowed Dreams' First Foal By Tirade

Hallowed Dreams, who equaled a modern day record by winning her first 16 races, produced her first foal, a Tirade colt, Jan. 13 for Johnny Gaspard and Lloyd J. Romero at the latter's farm near Erath, La.

Report: Churchill Downs Inc. Interested in Fair Grounds

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Churchill Downs Inc. has been in negotiations with Louisiana horsemen to acquire $90 million in legal claims against Fair Grounds, which shows CDI could be interested in purchasing Fair Grounds, the New Orleans Times-Picayune reported Wednesday.

Evangeline Downs Gets Early Christmas Present

  • News

The slot machines parlor at Evangeline Downs in Opelousas, La., opened Dec. 19 even though the facility won't offer live horse racing until 2005. The 2004 meet will be held at the existing Evangeline Downs in Carencro, about 10 miles south of the new site.

Jackpot to Return; Similar Races Suggested for State

  • News

The $1-million Delta Jackpot Dec. 5 at Delta Downs generated so much exposure and money for the racetrack that it will return next year, said general manager Jack Bernsmeier, who would like to see similar big-money races at all Louisiana tracks.

TVG Hits the Delta Jackpot

TVG will present live, on-site coverage of the $1 Million Delta Jackpot, the nation's second richest race for Thoroughbred juveniles, tomorrow from Delta Downs. Post time for the race, which has drawn a field of 10, is 10:52 p.m. Chris Kotulak will be on hand to cover the action for TVG.

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