A deal to entice New York racetracks to install video lottery terminals was close the evening of April 28, but officials acknowledged a side deal is being hammered out to bring VLTs to the state's off-track betting parlors.
New York City Off-Track Betting Corp., which faces action by state regulators for opening its parlors on Palm Sunday, April 13, has abandoned plans to open for business Easter Sunday, April 20.
Top government officials have shot down reports New York City Off Track Betting Corp. may be in line to get video lottery terminals for its betting parlors.
Racetracks and off-track betting parlors in New York must begin a program that lets problem gamblers voluntarily shut themselves out from betting, the state Racing and Wagering Board ordered Feb. 4.
After months of legal wrangling and negotiations, the New Jersey Sports and Exposition Authority is close to presenting the New Jersey Racing Commission with participation agreements between itself and two other racing companies in the state in regard to account and off-track wagering.
Autotote Systems, a subsidiary of Scientific Games, has extended its totalizator operations and services contract with the New York Racing Association through the fall of 2004.
On the sales block just a year ago, New York City Off-Track Betting Corp. is shedding its fire-sale image and moving ahead with plans to bring back bettors and forge new ties with racetracks, its new president said.
A revamped Indiana Horse Racing Commission granted approval July 2 for the proposed Indianapolis Downs to build and operate an off-track betting parlor in Evansville, not far from Ellis Park in Kentucky.
A series of racing laws in New York have been extended by state lawmakers, who failed, however, to act on several other items from an industry wish list involving video lottery terminals and off-track betting corporations.
Off-track betting corporations in New York, still upset about being cut out of last fall's major gambling expansion in the state, are making an all-out push for new revenue.
Magna Entertainment plans to a launch this summer a 24-hour horse racing network that promises to educate and entertain viewers. The Canadian racing conglomerate also is planning a national off-track betting network.
An attempt to legalize account wagering and expansion of off-track betting outlets in Virginia failed by a one-vote margin on Wednesday.
Permission has been granted for the first time ever in New York for an off-track betting corporation to run a racetrack. After years of battling industry opposition and eventually paying hundreds of thousands of dollars to make the critics go away, Western Regional Off Track Betting Corp. was given approval by state regulators Feb. 27 to reopen Batavia Downs.
Despite plans by the new mayor of New York City to delay the sale of New York City Off-Track Betting Corp., the head of the New York Racing Association said he will make a new pitch to purchase the lucrative corporation.
The new mayor of New York City left open the prospect that he may still proceed with the sale of New York City Off-Track Betting Corp., a deal some of his aides are pushing him to make to raise money for the deficit-ridden city. But whether he will proceed with the sale of the $1-billion betting empire that was begun by his predecessor, Rudolph Giuliani, remains a question.
Edward Callahan, vice-president and general manager of Rockingham Park, is demanding a formal public apology from New Hampshire Republican gubernatorial candidate Gordon Humphrey over remarks made during a public hearing of the Ways and Means Committee of the New Hampshire House of Representatives. The committee conducted a public hearing Jan. 15 on four bills to expand gambling.
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At its monthly meeting at Meadowlands Wednesday, the New Jersey Racing Commission said it is prepared to advertise regulations regarding account and off-track wagering, the first step toward implementation since legislation was signed into law in August.
Legislation that would bring off-track and account wagering to New Jersey will be signed into law at Monmouth Park Aug. 5, the day of the $1 million Haskell Invitational Handicap.
The New Jersey Assembly on Thursday approved legislation to legalize off-track and account wagering in the state. The measure now moves to the Senate floor.
Western Regional Off-Track Betting Corp., which controls wagering in a huge, 15-county region in upstate New York, will be allowed to run harness races at Batavia Downs, which is located east of Buffalo. It is the first time an OTB corporation, which in New York are quasi-public agencies, will be permitted to operate a racetrack. Gov. George Pataki must sign the legislation.
Legislation that would legalize off-track and account wagering in New Jersey stalled in a Senate committee Thursday when lawmakers decided to hold the bill up until they can come to a resolution on municipal issues.
The first bid by an off-track betting corporation to operate a racetrack in New York has taken a major step forward after a bill sailed through the state Assembly.
The name "Trackside" will soon appear on Churchill Downs' nine off-track betting outlets.
All parties that met the city's demand of a bid of at least $250 million remain in the running for ownership of New York City Off-Track Betting Corp., sources close to the situation said Thursday. City officials have strongly denied a published report this week that the field has been narrowed to two bidders -- one group led by the New York Racing Association, and the other by Frank Stronach's Magna Entertainment.
New Jersey Gov. Christine Whitman conditionally vetoed legislation Thursday that would have allowed off-track and account wagering in the state.
After an 8 1/2-month shutdown for remodeling, the much-maligned Poor Jimmy's off-track betting parlor in Maryland reopened Sept. 15 with a new name, a dramatically new look, and the prospect of serving as a model for other OTBs around the state.
Management at Colonial Downs has reportedly told shareholders it will consider closing its four off-track betting centers in Virginia and rely upon other revenue sources, such as management of video lotteries at truck stops in the state of Louisiana, to help supplement purses at the track.
Davis Etkin, founder and longtime president of the Capital Region Off-track Betting Corp. in upstate New York, was sentenced to two years in jail and fined $100,000 for misusing public funds and attempting to bribe a witness in a grand jury investigation.
Legislation to allow up to 15 off-track betting parlors and telephone account wagering was advanced by a key New Jersey Assembly committee on Monday.
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