Thoroughbred racing continues to take steps on its way to becoming a true league sport, but officials at the Aug. 15 Jockey Club Round Table again beat the drum for cooperation and aggregation in what some still believe is a largely fragmented industry.
The National Thoroughbred Racing Association (NTRA) announced Wednesday that vouchers worth $2.69 million--including a $1-million grand prize--have been mailed to more than 540,000 racing fans as part of this week's NTRA Mystery Mutuel Voucher promotion.
A recently released report on wagering trends concludes the "handle up, purses down" situation isn't new, and that "incentive wagering service providers"--rebate operations--improve the competitiveness of the pari-mutuel industry.
The court-appointed monitor overseeing the New York Racing Association said his job is to bring "structural reforms" to NYRA, not tear it down with "scandal of the week" announcements.
National Thoroughbred Racing Association commissioner Tim Smith tendered his resignation as expected July 27, but there was no announcement that Smith had taken a job as president and chief executive officer of the New York Racing Association.
The board of directors of the Thoroughbred Championship Tour, a proposed owner-driven series of races tied to big-event days, said July 24 it has hired Thoroughbred Owners and Breeders Association president Dan Metzger to serve as president and chief executive officer.
The National Horsemen's Benevolent and Protective Association has adopted a memorandum of understanding with a company that plans to operate an offshore wagering hub, and it also endorsed a draft a report on pari-mutuel economics that suggests high-volume betting shops are important to the industry.
Kentucky Sen. Damon Thayer, vice president of event marketing for the National Thoroughbred Racing Association and Breeders' Cup, was among the representatives of professional and college sports July 23 at a seminar hosted by the United States Department of Homeland Security.
The New York Racing Association's chief executive officer isn't willing to definitively say National Thoroughbred Racing Association commissioner Tim Smith will take over as president, but Barry Schwartz believes the time has come for him to step aside from his full-time NYRA post.
Tim Smith, the first and only full-time commissioner of the National Thoroughbred Racing Association, may resign effective Sept. 1 and could be headed to the New York Racing Association to serve as president and chief executive officer.
Though pari-mutuel handle on Thoroughbred racing in the United States and Canada dropped slightly in the second quarter of 2004, purses increased 2.86%, according to the National Thoroughbred Racing Association and Equibase.
The United States Senate on July 15 agreed by voice vote to send the foreign sales corporation bill, which includes provisions to eliminate the 30% withholding tax on winnings by foreign bettors and reduce the capital gains holding period for horses from two years to one, to conference.
The Breeders' Cup Future Bet won't be offered this year, but an official said he hopes it eventually returns under a format whereby wagering would be offered on more than 24 interests. Meanwhile, talks are under way about a new wager tied to jockey performance in the eight-race series.
PGA TOUR commissioner Tim Finchem will discuss the significance of centralized structure in professional sports and the steps that golfers took to develop successful television programming, corporate sponsorships, and marketing programs when he delivers the keynote address at The Jockey Club Round Table Aug. 15 in Saratoga Springs, N.Y.
The National Thoroughbred Racing Association Wagering Systems Task Force, formed to study why handle is up but purses are down, plans to release its report in August, officials said.
Harrah's Louisiana Downs in Bossier City, La., has rejoined the National Thoroughbred Racing Association.
Youbet.com has joined the National Thoroughbred Racing Association (NTRA) as a special member, the NTRA announced Friday.
Officials of the Thoroughbred Owners and Breeders Association announced Friday that America's Day at the Races will not be held this year, but will return in 2005.
The United States House of Representatives June 17 passed the American Jobs Creation Act of 2004, another step toward possible repeal of the 30% withholding tax on pari-mutuel winnings by foreign bettors on U.S. races.
The Breeders' Cup board of directors June 11 approved agreement in principal with the Thoroughbred Championship Tour based upon the joint proposals of Breeders' Cup and TCT subcommittees, which met in New York the week of May 31.
Smarty Jones and just about anyone or anything connected to him have proven hot commodities in anticipation of a Visa Triple Crown Challenge bid June 5 at Belmont Park.
As the National Thoroughbred Racing Association Wagering Systems Task Force prepares to hear recommendations on ways to address the "handle up, purses down" situation, operators of high-volume betting shops believe they might be a target and suggest that, as generators of up to 15% of annual handle in North America, they should be directly involved in the process.
Breeders' Cup officials said it's far too early to discuss the probability of the World Thoroughbred Championships having to move from Lone Star Park this year because of an outbreak of vesicular stomatitis in western Texas.
Turfway Park president Bob Elliston has been elected to represent the independent Midwestern racetracks on the National Thoroughbred Racing Association board of directors.
The National Thoroughbred Racing Association anticipates bottom-line revenue for 2004 will come in at $400,000, up from $307,895 in 2003. Total operating revenues are expected to increase by more than $6 million this year.
The Imus Ranch, a retreat for children fighting cancer, is $123,000 richer thanks to a National Thoroughbred Racing Association promotion in which Don Imus, the popular host of WFAN's nationally syndicated "Imus in the Morning" program, wagers $10,000 on each race in the VISA Triple Crown.
A major corporate tax bill under consideration in the United States Senate includes a few provisions for the pari-mutuel industry, including elimination of the 30% withholding tax on bets made by foreigners.
Isidore Sobkowski, previously chief technology officer at Self Service Technologies in Stamford, Conn., has been special consultant on technology and interim director of the National Office of Wagering Security.
The National Thoroughbred Racing Association (NTRA), Breeders' Cup Limited and NTRA Purchasing has announced a program linking horsemens support for the sponsorship of Dodge with increased purse money. The program, entitled Dodge Drive to the Finish Line, is intended to provide incentive to NTRA member horsemens' associations to promote and sell Dodge vehicles in return for a reimbursement in the form of increased prize money.
The National Thoroughbred Racing Association and Breeders' Cup unveiled a promotion April 21 that offers Breeders' Cup Stakes purse enhancements tied to the sale of Dodge vehicles.
The National Thoroughbred Racing Association (NTRA) will hold the 34th annual Eclipse Awards ceremony, honoring Thoroughbred racing's divisional Champions for 2004, on Jan. 24, 2005, at the Regent Beverly Wilshire in Beverly Hills.
The National Thoroughbred Racing Association (NTRA) announced that the 34th annual Eclipse Awards ceremony will be held Jan. 24, 2005, at the Regent Beverly Wilshire in Beverly Hills, Calif.
The American Horse Council has initiated efforts to update a 1996 study of the economic impact of the horse industry in the United States, which the organization says is critical to the industry's political efforts in Washington D.C.
There's more than meets the eye as the pari-mutuel industry examines the relationship between handle and purses, and the National Thoroughbred Racing Association is working behind the scenes to investigate the legal ramifications.
National Thoroughbred Racing Association commissioner Tim Smith continues to bang the drum for industry cooperation and aggregation, and again issued a call for the pooling of rights for major events such as the Breeders' Cup World Thoroughbred Championships and Visa Triple Crown.
Sharon O'Bryan was expected to take over as director of the National Office of Wagering Security in April, but has notified the National Thoroughbred Racing Association she's not coming to work for the organization after all.
The TV Games Network, The Race For Education, and the National Thoroughbred Racing Association have joined forces to create a three-month summer internship with TVG's production department for a college sophomore or junior studying broadcasting or journalism.
Elections for nine seats on National Thoroughbred Racing Association board of directors will begin in earnest in late March, but if history holds, the look of the board isn't expected to change that much.
European horse buyers will have to begin paying a 5% excise tax on horses they purchase and bring home from the United States as a result of sanctions imposed against the U.S. on Monday by the European Union.
The National Thoroughbred Racing Association announced Thursday that five two-hour television shows of horseracing, called "NTRA Super Saturdays" will debut June. 12.
The National Thoroughbred Racing Association might be poised to hire former New York Racing Association president Terry Meyocks, industry sources said. It isn't known in what capacity Meyocks would serve if he's hired.
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.
The National Thoroughbred Racing Association will soon announce that a high-profile sponsor will kick in funds to supplement purses on state-bred championship days, officials said Feb. 2.
The 2003 Kentucky Derby (gr. I) victory by Funny Cide was voted the National Thoroughbred Racing Association Moment of the Year, officials said. It was one of 10 "moments" on the ballot.
W. T. Young: 'Made a Huge Contribution to Every Endeavor'; 'Kindly and Gracious Manner'; 'Sensitive to People'
Friends and business associates of William T. Young, who died Monday at age 85, recall his contributions to the horse industry, the Central Kentucky community, and educational institutions, and his sensitivity toward people.
Racing is making significant strides in a number of important areas, but needs legislative assistance in others, a representative of the National Thoroughbred Racing Association told a panel of legislators from gaming states Friday during a meeting in Las Vegas.
William Nack, Jay Hovdey, and Frank Anderson will collect media Eclipse awards from the National Thoroughbred Racing Association during the Jan. 26 dinner program in Hollywood, Fla.
The National Thoroughbred Racing Association (NTRA) has announced that Hall of Fame jockey Gary Stevens will host the 33rd Eclipse Awards program, to be held Jan. 26 at the Westin Diplomat Resort and Spa in Hollywood, Fla. Stevens made his acting debut as George Woolf in last year's critically acclaimed movie Seabiscuit.
Total handle on Thoroughbred racing in the United States and Canada increased by only 0.9% in 2003, according to the National Thoroughbred Racing Association and Equibase.
As organizers of the Claiming Crown gear up for the sixth edition of the event in 2004, the focus will be on obtaining sponsorships and getting the races into more wagering outlets around the country. Meanwhile, the National Thoroughbred Racing Association has signed on as a sponsor of the event.
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