Penn National Gaming Inc. reported net income of $78.6 million for the first quarter of 2012, up 52% from $51.5 million for the first three months of 2011.
The bread-and-butter meets in Kentucky are teetering on the brink read blog
The Ohio Roundtable contended in oral arguments April 3 that a 2011 law passed by the Ohio General Assembly allowing the state Lottery Commission to install video lottery terminals at racetracks is unconstitutional.
A Cleveland, Ohio-area racetrack has partnered with a casino company to develop a gaming facility with video lottery terminals and related entertainment offerings.
Close Up, sire of millionaire Joey P., has been relocated to Raimonde Farm, in Wooster, Ohio. The 16-year-old son of Capote is standing as the property of a syndicate for a $1,500 fee in 2012.
Penn National Gaming Inc. said March 16 it has reached an agreement with Republican Ohio Gov. John Kasich to relocate two racetracks in the state to capitalize on video lottery terminals in new markets.
MTR Gaming Group reported solid growth in net revenue for the fourth quarter of 2011 but a net loss for the quarter and the year.
Oral arguments in a lawsuit challenging video lottery terminals at Ohio racetracks have been postponed, officials said.
Ohio horsemen are lobbying the state Senate to alter language in House-passed legislation that would shift pari-mutuel revenue for breeding funds to municipalities that host racetracks.
Mountaineer Casino, Racetrack & Resort will begin its 10-month meet March 2 with some upgrades and increased promotion, but officials also are keeping an eye on neighboring states as they expand gambling opportunities.
A judge issued an order Feb. 24 allowing several gambling interests to intervene in a lawsuit filed by the Ohio Roundtable challenging a law allowing Ohio racetracks to install video lottery terminals.
Representatives of several Ohio gambling operations testified Feb. 21 in Franklin County Common Pleas Court seeking permission to intervene in a lawsuit brought by the Ohio Roundtable.
Oral arguments on a lawsuit filed to stop the installation of video lottery terminals at Ohio racetracks has been postponed to give interested parties a chance to intervene.
All 17 of the stakes presented by Thistledown last year will return for the 2012 meet including Ohio's only graded stakes, the Ohio Derby (gr. III).
Penn National Gaming Inc. now plans to request to move Beulah Park near Columbus, Ohio, to a site near Youngstown rather than Dayton, according to its latest financial report.
A central Ohio racetrack is the first of seven tracks in the state to receive a license to install and operate video lottery terminals.
The United States Court of Appeals for the Sixth Circuit issued an opinion Jan. 24 that states the federal Interstate Horseracing Act trumps Ohio statute in regard to horsemen having a say in where races are transmitted.
The Ohio Roundtable Jan. 23 asked a Franklin County Common Pleas Court judge to reject motions filed by the state to dismiss a lawsuit challenging legislative approval of a 2011 bill to authorize VLTs at racetracks.
Efforts to facilitate installation of video lottery terminals at Ohio racetracks continued to quicken Dec. 22 when a public policy group that filed suit over VLTs was given a deadline to respond to motions to dismiss.
The parent company of Mountaineer Casino, Racetrack & Resort in West Virginia and Presque Isle Downs & Casino in Pennsylvania is the first to apply for a video lottery terminal license in Ohio.
The office of Ohio Attorney General Michael DeWine filed papers in Franklin County Common Pleas Court Dec. 9 to dismiss a lawsuit filed by the Ohio Roundtable, a group that opposes racetrack VLTs.
Columbus, Ohio Common Pleas Court judge Timothy Horton set Sept. 9, 2012, as the deadline for the state to file and answer a suit filed by the Ohio Roundtable over racetrack video lottery terminals.
Despite offering two fewer days of live racing, Thistledown finished its 2011 racing year with a 10% gain in all-sources wagering on its live product compared to 2010.
A smaller horse population as its 2011 meet nears an end was cited for cancellation of live racing Oct. 27 at Thistledown.
The Ohio Roundtable, which opposes the expansion of gambling, said Oct. 21 is has filed a lawsuit challenging racetrack VLTs in the state.
Gov. John Kasich signed another executive order Oct. 20 that allows the Ohio State Racing Commission to adopt regulations governing eligibility for racetracks to install video lottery terminals and to request relocation.
Republican Gov. John Kasich, citing an "emergency" in Ohio, issued an executive order Oct. 14 allowing the Ohio Lottery Commission to adopt regulations governing racetrack video lottery terminals.
If the Ohio Supreme Court were to rule that video lottery terminals can't be installed at racetracks in the state, attempts to move tracks to new locations would be dropped.
Eagle Time, a 14-year-old horse owned and trained by Rick Jordan, has alternated between the racetrack and the breeding shed since 2009.
Beulah Park will begin its 2011-12 racing season Oct. 10 with a renovated racing surface and "pick" wagers with a reduced pari-mutuel takeout of 15%.
The Ohio Lottery Commission said Sept. 26 it plans to have video lottery terminals installed at some of the state's racetracks perhaps by January 2012.
Any questions about whether the Keeneland September yearling sale would have staying power beyond the first week were answered Sept. 19 when the auction's receipts went beyond the entire 2010 sale gross.
After years of steady reductions, Ohio's seven racetracks have applied for 694 dates in 2012, only seven fewer than were applied for this year.
Racetracks and horsemen's groups in Ohio continue to wrestle over how much purses and breed development programs will receive from track-based video lottery terminals, which were legalized earlier this year.
River Downs, where the start of the 2011 race meet was delayed because of Ohio River flooding, reported gains in live handle and daily average purses.
Stakes-placed Franchise Player came through with his first winner when his son Mr Sox won at Thistledown Sept. 2 for Thomas L. Thornton.
River Downs will host an "Old Friends Day" at the Cincinnati, Ohio track Sept. 5 from 11 a.m.-5 p.m.
A racing regulator in Ohio said Aug. 21 it will be the middle of October for a decision is made on allowing Penn National Gaming Inc. to transfer the racing licenses of its two tracks to other locations.
MTR Gaming Group, which recently received approval to refinance its debt, reported net income of $2.3 million for the second quarter of 2011. For the same three months in 2010, the company posted a net loss of $500,000.
Penn National Gaming Inc. reported solid numbers for the second quarter of 2011 and said it expects good things from existing and potential properties despite increased competition.
Two-time Ohio Horse of the Year Catlaunch joined the millionaire ranks on July 16 when he led wire to wire in the $50,000 George Lewis Memorial at Thistledown.
With Republican Gov. John Kasich preparing to sign legislation authorizing racetrack video lottery terminals and horse industry representatives already discussing strategy, a public policy group is ready to fight the plan.
Two consultants will soon issue a report recommending ways for Ohio to improve live racing apart from the anticipated revenue from video lottery terminals.
In a flurry of activity June 28 both houses of the Ohio General Assembly passed legislation allowing racetracks to apply for video lottery terminal licenses.
The Ohio House of Representatives June 23 passed legislation authorizing the relocation of racetracks that are eligible for video lottery terminal licenses.
Officials at River Downs have announced the track will change its wagering format to offer 50- cent minimum trifectas and Pick 3s as part of their daily wagering schedule.
The Ohio Roundtable, a public policy organization, said an agreement between Republican Gov. John Kasich and casino developers that includes a provision for racetrack gaming is a "clear violation" of Ohio law.
Ohio Gov. John Kasich's "comprehensive gaming review agreement" includes provisions for the Ohio Lottery Commission to award racetracks licenses to operate video lottery terminals.
Catlaunch, a 10-year-old gelding bred and owned by Ron Fields, continued to defy his age with a victory in the $50,000 Sydney Gendelman Memorial Handicap at River Downs June 11.
Amanda Tamburello, a 33-year-old apprentice rider, rode three winners on River Downs' nine-race opening day card.
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