Negotiators in New York the afternoon of June 13 were putting the final touches on legislation in which the state would take control of the New York City Off-Track Betting Corp., thereby averting a shutdown of the city's betting operations for the weekend.
The New York Thoroughbred Horsemen's Association said June 4 it recognizes the contribution made to purses by New York City Off-Track Betting Corp. but won't support a proposal that would reduce the amount NYCOTB pays to purses and the New York Racing Association.
With the clock ticking on the closure of the New York City Off-Track Betting Corp., officials from the Bloomberg administration are stepping up their calls for industry stakeholders to compromise on a bill or face the loss of more than $100 million in OTB distributions.
The Thoroughbred Owners of California has given limited consent to New York's off-track betting corporations to accept wagers on California races, but is holding firm on its stance against allowing wagers from the companies'out-of-state account deposit wagering customers.
The New York City Off-Track Betting Corp. will cease operations June 16 unless state officials provide regulatory relief before then, according to a Jan. 16 report to the corporation's board of directors.
Harold G. "Hal" Handel, chief executive officer for Greenwood Racing, Inc. since 1998, has left his day-to-day duties at Philadelphia Park Casino & Racetrack and assumed responsibility for Greenwood's New Jersey operations, which include the revitalization of Atlantic City Race Course.
Catskill Regional Off-Track Betting Corp., located in upstate New York, has become the latest group to drop out of the process to take over the franchise to operate Aqueduct, Belmont Park, and Saratoga
With the Florida Horsemen's Benevolent and Protective Association seeking a higher rate for the Gulfstream Park signal, and the existing rate governed by a contract with the racetrack, the six off-track betting corporations in New York didn't carry the Jan. 3 opening-day program from the South Florida racetrack.
Breeders' Cup officials are working with Churchill Downs and the Kentucky Horsemen's Benevolent and Protective Association to ensure wagering on this year's World Championships is available at two Indiana off-track betting parlors near the Kentucky border.
The New Jersey Assembly stepped up the pressure on the New Jersey Sports and Exposition Authority May 22 when it passed a resolution urging the agency to open off-track betting parlors that were authorized by a 1998 constitutional amendment legislatively enacted in 2001. Not one parlor has been built to date.
New York should permit public and private partnerships to bid on the New York Racing Association franchise, allow bettors to wager via computers, introduce frequent-betting rewards programs at tracks, and approve the merger of the state's off-track betting corporations, according to an ambitious legislative package proposed March 9 by Friends of New York Racing.
Legislation to be considered by the Indiana Senate would mandate that incoming simulcasts be made available to all wagering outlets in the state or not be available at all. The bill was reported out of the Senate Committee on Homeland Security, Utilities, and Public Policy Jan. 24.
Churchill Downs Inc. president and chief executive officer Tom Meeker said that in the weeks since Hurricane Katrina devastated CDI-owned Fair Grounds in New Orleans, the company has been working with federal, state, and local governments on a reinvestment plan that could include revamping the historic racetrack into a tourist destination.
Revenue to localities in the six off-track betting regions in New York is down more than 50% from 2000 to 2004, according to the results of a study commissioned by Friends of New York Racing, the organization that seeks to build a better economic model for the pari-mutuel industry in the Empire state. Two OTB corporations, Capital and New York City, have issued responses to the report, which they believe doesn't tell the whole story.
The North Dakota Racing Commission is running out of money to subsidize the racetrack at the North Dakota Horse Park in Fargo, and the track may not survive without new revenue streams, a track official said.
The account-wagering era in New Jersey began Oct. 28, only two days before the Breeders' Cup World Thoroughbred Championships. Though the system was up and running in the nick of time, it has been years in the making.
The New Jersey Racing Commission expects to consider a "participation agreement" for distribution of revenue from account and off-track wagering at an Aug. 18 meeting at which the stakeholders are expected to apply for a license to begin account betting.
The New Jersey Senate Wagering, Tourism, and Historic Preservation Committee on June 7 approved a bill that would permit the state to lease Monmouth Park and Meadowlands, two racetracks operated by the New Jersey Sports and Exposition Authority.
The Indiana Horse Racing Commission April 21 called for an economic impact study on the impact of having--or not having--Kentucky signals available at the state's racetracks and off-track betting parlors.
A "master participation agreement" between the three entities that operate racetracks in New Jersey as to how they intend to divide the 15 potential off-track wagering sites in the state will be considered at the Feb. 18 meeting of the New Jersey Racing Commission. Approval of the deal is seen as the first step toward jump-starting the process of getting OTB parlors operational, perhaps by the end of the year.
A bill that would allow electronic pull-tab machines at Indiana racetracks and two satellite wagering facilities crossed a second hurdle Jan. 21. The House Ways and Means committee approved the legislation by a 17-10 vote and sent it along for consideration by the full House.
Video lottery terminals would be permitted at off-track betting facilities in New York under a plan being considered by state budget negotiators. The idea is being promoted to deal with another huge, multibillion-dollar budget looming over the next two years and a failure by racetracks to get VLTs up and running quickly enough to send revenue-sharing money to the state.