One of the best known families in the Thoroughbred auction business is about to enjoy a huge day at the races.
The Kentucky Horse Racing Authority has extended its public comment period for new administrative regulations governing multi-jurisdictional wagering hubs, a law for which was passed in 2004. Two years later, no hubs are operating in the state.
Dwayne Yuzik has assumed the responsibilities of general manager of Oregon's Portland Meadows Racetrack as of Feb. 1, the Magna Entertainment-owned track announced Monday.
Almost two years after legislation was passed, the Kentucky Horse Racing Authority adopted regulations Jan. 17 to govern multi-jurisdictional wagering hubs in the state.
Oregon Championship Day, the premier afternoon of Thoroughbred racing in the state with seven stakes and handicap races, has been rescheduled for Dec. 31 at Portland Meadows.
International Racing Group, a rebate shop located in Curacao but owned and operated by United States-based Youbet.com, was licensed by the Oregon Racing Commission Nov. 2, and is the first such entity to be licensed by U.S. regulators.
For the second consecutive year Lethal Grande was named Oregon horse of the year and champion older male at the Oregon Thoroughbred Owners and Breeders Association's annual awards banquet March 5 at Portland Meadows.
Five account-wagering hubs in Oregon handled a total of $883 million last year, up about 6% from the 2003 figure. Meanwhile, fourth-quarter handle for 2004 was down slightly from the same period in 2003, according to Oregon Racing Commission statistics.
Magna Entertainment Corp. is banking on legislation that would loosen state simulcasting laws and allow Portland Meadows to remain viable.
Attorneys for Magna Entertainment Corp. filed countersuit in Multnomah County Circuit Court in Oregon Feb. 18 to formally answer a $1-million breach-of-contract action brought against the company by the Oregon Greyhound Association.
Prairie Meadows cannot receive payments from services that take Internet or telephone wagers from Iowa residents, according to an Iowa attorney general's opinion.
The Oregon Greyhound Association filed a $1-million lawsuit against Magna Entertainment Corp. Jan. 20, alleging breach of contract for the company's failure to renew its operating lease for Multnomah Greyhound Park and for canceling the 2005 dog racing season.
Magna Entertainment Corp. has threatened to discontinue operations at Portland Meadows in Oregon unless it receives concessions from the state legislature.
Seattle Shamus, whose :20.96 is believed to be the fastest opening quarter-mile ever run at Santa Anita, will enter stud at Dr. Jack Root's Oakhurst Thoroughbreds near Newberg, Ore.
With no thaw in temperatures in the Portland metropolitan area, Portland Meadows Racetrack has canceled its live racing program Sunday for the second time in as many days due to frozen track conditions.
Art McFadden, President of MEC Oregon Racing will resign his post on Friday, it was announced Dec. 30.
Magna Entertainment Corp. won't renew its lease of Multnomah Greyhound Park in Oregon when it expires Dec. 31, the company said in a Dec. 23 press release.
Oregon stallion Cascadian came through with his first winner Nov. 13 when his son Cascadiansasquatch won the Bill Wineberg Stakes.
Several jockeys earned bonsuses this summer under the Oregon Racing Commission's jockey incentive program, which is designed to encourage riders to participate at fair meets in the state.
Youbet.com, the online wagering company based in California, continued its growth trend in the third quarter of 2004 with income of $791,085, compared with a loss of $617,853 for the same period in 2003.
Timber Legend, a half-brother to two grade I winners, and Unbridled's Comet, a $1.9 million Keeneland July yearling, have been retired from racing and will enter stud at Dr. Jack Root's Oakhurst Thoroughbreds near Newberg, Ore.
The Oregon Racing Commission is the latest pari-mutuel regulatory agency to rejoin the Association of Racing Commissioners International. Since July, Maryland, New York, and Virginia have reinstated membership.
Three account wagering providers that hub through Oregon set all-time records for a three-month period in the second quarter of 2004, according to statistics provided by the Oregon Racing Commission.
The National Horsemen's Horsemen's Benevolent and Protective Association, given the results of a recent study, has suggested research into medication thresholds and withdrawal times be performed using horses in training.
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.
The five account wagering hubs in Oregon handled $179,546,773 in the first quarter of 2004, up 13.16% from the first quarter of 2003. Several of the companies had record first quarters.
Legislation to authorize creation of an international wagering hub was passed by the Kentucky House of Representatives April 13, final day of the 2004 regular General Assembly session.
The Kentucky Senate March 26 passed three-prong legislation that authorizes creation of an international wagering hub, paves the way for live Quarter Horse racing, and gives Standardbred racetracks a tax break.
Legislation to authorize wagering hubs in Kentucky was introduced in the state Senate in early March and is moving through the legislative process as an amendment to a bill that would permit artificially inseminated horses to race in Kentucky. A hub measure was introduced in 2002 but it failed to garner support.
Five account-wagering hubs in Oregon handled $226.97 million in the fourth quarter of 2003, up $75.72 million from the same period in 2002, according to Oregon Racing Commission statistics.
Because of cancellations brought on by a January ice storm, Portland Meadows in Oregon has added a live program for March 9.
Lethal Grande was named 2003 Oregon Horse of the year and champion older male at the Feb. 21 Oregon Thoroughbred Breeders' Association's Annual Awards Banquet on at Portland Meadows.
Portland Meadows set a new single-day handle record Monday when $657,311 was bet on the nine-race program.
Cascadian, an 8-year-old son of Seattle Slew and half-brother to champion Blushing John, has been relocated to Bar C Racing Stables near Hermiston, Ore.
Portland Meadows has canceled Friday and Saturday racing due to unsafe weather conditions. Friday's closure marks the third consecutive day that Portland Meadows and all MEC Oregon Racing Inc. OTB's have been closed for simulcasting due to the severe weather conditions.
AmericaTab has launched a new wireless wagering service that will be offered free to customers with any affiliate account. AmericaTab has launched the product with its "On the Go" label.
Changes in first post time and fuller fields have produced pari-mutuel gains this season for Portland Meadows, which on Dec. 1 cleared the half-million-dollar mark in total handle for a program for the first time in 15 years.
In a surprise move in Oregon, Magna Entertainment Corp. has removed the Instant Racing machines that were installed earlier this year at its two tracks, Portland Meadows and Multnomah Greyhound Park.
The National Thoroughbred Racing Association's operation of wagering hub in Oregon met with much resistance from some of its member racetracks at the beginning of the decade, but one thing's for certain: The concept has caught on, even though the NTRA is no longer a player.
America TAB, an account-wagering service whose majority owners are Beulah Park and River Downs in Ohio, said it would pursue legal action after having discovered a betting service has been pirating live racing signals from its Web site.
The five account-wagering companies that have multi-jurisdictional tote hubs in Oregon reported gains in handle in the second quarter of 2003 compared with the first quarter of this year. Total handle through the five hubs was $222.21 million, up about 150% from the second quarter of 2002.
Instant Racing, launched in Arkansas three years ago, was approved for use at pari-mutuel facilities by the Wyoming Racing Commission July 11. The devices, which resemble video lottery terminals but are linked to pari-mutuel pools, will first be installed at an off-track betting parlor operated by Wyoming Downs.
HipodromoEnLinea.com, designed to bring online pari-mutuel wagering to Spanish-speaking people in the United States, has joined the list of affiliates in the AmericaTab program.
Instant Racing, a pari-mutuel video lottery game currently offered at racetracks in Arkansas, has been approved by the Oregon Racing Commission for use at the state's racetracks. Oregon is the second state to approve the devices.
AmericaTab and its affiliates set a one-month handle record in March with $8.3 million in wagers, the company reported April 10. It was the second consecutive month of record-breaking handle.
Magna Entertainment has agreed to purchase the long-term operating rights of Portland Meadows, as well an interest in the real estate on which the racetrack sits, from developer Thomas Moyer.
Account wagering through several hubs based in Oregon continued to ramp up in the fourth quarter of 2002, according to figures released by the Oregon Racing Commission.
Grade II winner Rob 'n Gin has been relocated to Painted Desert Farm near Redmond, Ore.
Steve Barham, executive director of the Oregon Racing Commission for the past 17 years, has been named associate coordinator of the University of Arizona's Race Track Industry Program.
An eight-hour power outage Sept. 14 shut down an Oregon wagering hub and cost three online wagering services about $100,000 in handle.
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