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.
Fans may now register for the 2004 Claiming Crown Handicapping Contest at www.ntra.com
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.
The National Thoroughbred Racing Association and Breeders' Cup Ltd. Saturday made a contribution of $250,000 to America's Camp through the NTRA Charities - New York Heroes Fund. The disbursement brings total Heroes Fund contributions to Sept. 11-related charitable programs to $4.45 million and total contributions to America's Camp to $350,000.
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.
Prompted by Smarty Jones' immensely popular run at the Visa Triple Crown, the NTRA, NYRA, and ESPN have put together an extensive block of Belmont week programming.
Merchandise featuring the image of dual classic winner Smarty Jones, including t-shirts and caps, will be available at racetracks across the country on Belmont Stakes (gr. I) day under a deal reached between the National Thoroughbred Racing Association and the undefeated colt's owners, Roy and Patricia Chapman.
Turfway Park president Bob Elliston has been elected to represent the independent Midwestern racetracks on the National Thoroughbred Racing Association board of directors.
By Ray Paulick -- Checking media coverage of the extended Jones family, Smarty's a clear winner.
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.
NTRA Purchasing officially opened its new office in Lexington May 11, a move officials said is a sign of growth for not only the National Thoroughbred Racing Association but the racing and breeding industry at large.
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.
John Servis, trainer of Kentucky Derby (gr. I) victor Smarty Jones, said Thursday that "All systems are go right now" for a start in the Preakness May 15.
Don Imus, host of the nationally syndicated "Imus in the Morning" radio program, will again join forces with the National Thoroughbred Racing Association as a partner in an ongoing Visa Triple Crown promotion.
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.
Total North American handle during the first quarter of the year was up slightly from 2003 despite 45 fewer racing days, but once again purses did not keep pace, according to statistics released Friday by the National Thoroughbred Racing Association and Equibase.
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.
By Ray Paulick -- In racing's ongoing drug war, the fiercest battles are being fought on the backstretch.
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.
The National Thoroughbred Racing Association has hired Joe Clabes as director of industry relations and Jamie Eads as industry programs coordinator.
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.
The National Thoroughbred Racing Association's Wagering Systems Task Force, which was created to find out why total purses dropped in 2003 even though national handle increased, held its first meetings Thursday and Friday in New York City at the offices of Giuliani Partners.
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.
The National Thoroughbred Racing Association's Wagering Systems Task Force has enlisted a panel of business experts, including former New York City Mayor Rudy Giuliani, to find out what caused purses to drop in 2003 even though national handle increased.
Terry Meyocks, former president and chief operating officer of the New York Racing Association, has taken the position of special assistant to the commissioner with the National Thoroughbred Racing Association.
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 has hired a director for its National Office of Wagering Security, and also approved multi-year contract extensions for commissioner Tim Smith and vice chairman D.G. Van Clief Jr., who serves as Breeders' Cup president.
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.
Donn Handicap (gr. I) winner Medaglia d' Oro received all but two first-place votes to top the first weekly National Thoroughbred Racing Association national poll of 2004. Fountain of Youth Stakes (gr. I) winner Read the Footnotes is ranked as the top 3-year-old.
The National Thoroughbred Racing Association Players' Panel, formed in the wake of the Breeders' Cup Ultra Pick 6 fraud of 2002, has issued policy recommendations on subjects of "serious concern and importance" to pari-mutuel customers.
Equibase announced on Friday the 2004 launch of the Virtual Stable Triple Crown notification service. The service alerts users via a once-daily e-mail of workouts, entries, and results for the top contenders for the VISA Triple Crown.
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.
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