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Purses paid at six racetracks in Pennsylvania in 2012 increased 1% while wagering on the live product was up 12% from the previous year, according to the latest benchmark report prepared by regulators.
Wednesday, March 27, 2013The Pennsylvania Equine Coalition, noting another monthly loss in revenue from slot machines at racetrack casinos, predicts an overall reduction of $17 million in the Race Horse Development Fund for fiscal year 2012-13.
Tuesday, March 05, 2013A shift in slot machine revenue from horse racing to other programs in Pennsylvania is set to expire this summer, and the Pennsylvania Equine Coalition Jan. 8 urged lawmakers to honor the sunset provision.
Tuesday, January 08, 2013
Slot machine revenue for purses increased by more than $19 million at six Pennsylvania racetracks in 2011, while pari-mutuel handle and the revenue it produces for prize money continued to drop.
Monday, June 04, 2012Revenue from slot machines and table games at 10 casinos in Pennsylvania in 2011 topped $3 billion for the first time, state officials said Jan. 18.
Friday, January 20, 2012Pennsylvania's 10 casinos -- racetrack and standalone -- generated $274.9 million for the state's Race Horse Development Fund in fiscal year 2010-11, according to the Pennsylvania Gaming Control Board annual report.
Friday, September 30, 2011Purse revenue earned from pari-mutuel handle and racetrack slot machines dropped in 2010, according to the Pennsylvania Gaming Control Board's "benchmark report" on racetrack casinos in the state.
Friday, May 27, 2011Horse racing at Pennsylvania racetracks is helping casino companies make more money on slot machines, according to one piece of information in the Pennsylvania Gaming Control Board's 2009 report on racetrack gaming.
Friday, April 16, 2010
Philly Park has been granted a table games license, but horsemen there want improvements made to racing-related facilities on the property.
Wednesday, March 17, 2010The chair of the Pennsylvania Horse Racing Commission said March 10 racetrack casinos in the state are expected to demonstrate "concrete ways their commitment to live racing and breeding."
Wednesday, March 10, 2010A "benchmark report" on slot machines in Pennsylvania shows a 39.3% increase in purses paid at Thoroughbred and Standardbred racetracks from 2007 to 2008, but double-digit declines in total pari-mutuel handle during the same period.
Thursday, April 30, 2009In their first 11 months of operation, slot machines at Hollywood Casino at Penn National Race Course produced more than $22.6 million for Thoroughbred purses and breed development. The funds have allowed Penn National to offer a minimum purse that will be higher than that paid by some of its competitors.
Friday, February 20, 2009
As hundreds of millions of dollars in revenue from slot machines flows to horse racing, there is growing sentiment that perhaps the racing industry is failing to capitalize on the new wealth by solely pumping money into purses and breed development programs.
Wednesday, December 10, 2008
Total purses earned at Pennsylvania racetracks jumped 162% from 2006 to 2007 because of revenue from on-track slot machines, while the percentage of purses earned from pari-mutuel wagering dropped substantially during the same period, according to the Pennsylvania Gaming Control Board's first "benchmark report" on the impact of slots on pari-mutuel wagering.
Monday, July 28, 2008Though it has no regulatory oversight of equine health and safety, the Pennsylvania Gaming Control Board has adopted a resolution saying it supports the state's efforts to "invest in horse health and welfare."
Wednesday, May 28, 2008Hollywood Casino at Penn National opened on time Feb. 12 with bells and whistles--and with a rousing alarm and taped recording telling everyone to vacate the building.
Tuesday, February 12, 2008
The integrated gaming and racing facility has scheduled "test nights" for Feb. 8 and Feb. 10. Test nights are regularly held at casinos to ensure that all equipment is operating properly.
Monday, February 04, 2008
A Pennsylvania regulator said progress is being made in attempts to educate legislators and make sure horse racing gets its due as gaming parlors continue to open around the state, but much remains to be done.
Monday, January 28, 2008
Philadelphia Park Casino & Racetrack received approval for its master plan from the Pennsylvania Gaming Control Board Dec. 18 and now has a permanent license to operate slot machines.
Wednesday, December 19, 2007After a delay of several months, Greenwood Gaming & Entertainment presented plans for a stand-alone casino on the Philadelphia Park Casino & Racetrack property to the Pennsylvania Gaming Control Board Nov. 8.
Saturday, November 10, 2007Though it was given the deadline of Aug. 10 to present a master plan for a stand-alone casino, Philadelphia Park Casino & Racetrack management told the Pennsylvania Gaming Control Board it would take at least two more months before such plans could be completed.
Tuesday, August 14, 2007Two months after it petitioned the Pennsylvania Gaming Control Board to reclassify its grandstand as a permanent slots casino--a move that fueled speculation it was trying to renege on plans to build a $300-million, stand-alone casino on track property--Philadelphia Park Casino & Racetrack has asked that the petition be ignored.
Saturday, June 16, 2007The Pennsylvania Thoroughbred Horsemen's Association was granted the right to intervene in proceedings to determine whether a temporary slot-machine facility at Philadelphia Park Casino & Racetrack should be considered permanent.
Thursday, June 07, 2007The horsemen's group at Philadelphia Park Casino & Racetrack is fighting a petition by the track to add to its temporary slot-machine casino and delay construction of a permanent facility.
Wednesday, May 09, 2007From Jan. 1 through mid-March, slot machines at four racetracks in Pennsylvania had produced roughly $17.5 million for purses and breed development for Thoroughbred and Standardbred racing.
Friday, March 23, 2007Presque Isle Downs became the fourth racino to being operating in Pennsylvania when it opened its slot-machine parlor Feb. 28. Live Thoroughbred racing is scheduled for September.
Thursday, March 01, 2007The first three weeks of slot-machine gaming at Philadelphia Park Racetrack & Casino generated total wagering of $175.2 million and produced more than $15.1 million in gross revenue.
Friday, January 12, 2007Six racetracks and five non-racing companies were awarded permanent slot-machine licenses Dec. 20 by the Pennsylvania Gaming Control Board.
Wednesday, December 20, 2006The Jockeys' Guild has asked the Pennsylvania Gaming Control Board to consider the catastrophic on-track accident insurance policy at Philadelphia Park before it grants the racetrack a permanent license to operate slot machines.
Tuesday, December 05, 2006With Philadelphia Park about ready to open its slot-machine parlor, gaming at Mohegan Sun at Pocono Downs, located in a much smaller market, has exceeded expectations after the first two weeks of operation.
Friday, December 01, 2006Presque Isle Downs, a Thoroughbred racetrack under construction near Erie, Pa., was awarded a conditional slot-machine license Oct. 25 and plans to have the reels spinning by mid-February 2007.
Thursday, October 26, 2006The Pennsylvania Gaming Control Board approved the first slot-machine licenses in the state Sept. 27, clearing the way for five racetracks to add thousands of machines.
Wednesday, September 27, 2006Pennsylvania gambling regulators are expected to give the state's racetracks the go-ahead Sept. 27 to plug in thousands of slot machines, the biggest step in two years toward making Pennsylvania one of the nation's busiest gambling markets.
Monday, September 25, 2006Pennsylvania gambling regulators began licensing hearings Sept. 11 that will be a prelude to authorizing slot machines at racetracks later this year.
Tuesday, September 12, 2006Hearings for the companies seeking licenses to operate slot machines at racetracks have been set by the Pennsylvania Gaming Control Board, which could vote on conditional licenses in late September.
Tuesday, August 01, 2006The Pennsylvania Gaming Control Board approved licenses for the manufacturers and suppliers of slot machines June 28, which could accelerate the licensing process for casino operators in the state.
Thursday, June 29, 2006The Pennsylvania Senate passed legislation June 27 that would eliminate an obstacle that has kept slot machine casinos from being licensed. But the bill includes a potentially volatile provision that would raise the tax on casino slots revenue by 4%.
Wednesday, June 28, 2006It has been almost two years since Smarty Jones won the Kentucky Derby (gr. I) and slot machines were legalized in Pennsylvania. And while the horse has begun his career at stud, racetracks are still waiting for slots and may encounter some challenges when they finally get them.
Tuesday, March 07, 2006It has been almost two years since Smarty Jones won the Kentucky Derby (gr. I) and slot machines were legalized in Pennsylvania. And while the horse has begun his career at stud, racetracks are still waiting for slots and may encounter some challenges when they finally get them.
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