Pennsylvania

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Jones No Longer With Walnut Green

Russell B. Jones Jr. no longer is working for the Walnut Green bloodstock agency that he and his late brother, Richard, founded in 1980. The Joneses sold Walnut Green to the Mark Reid Bloodstock Agency and partners in September of 2005, and Russell Jones remained associated with the prominent Pennsylvania-based business, serving as its president.

Is Racing Using Its Slots Money Wisely?

Is Racing Using Its Slots Money Wisely?

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.

Fair Grounds ADW Deal: Good or Bad?

Fair Grounds ADW Deal: Good or Bad?

A recent deal that allowed expanded distribution of the Fair Grounds racing signal was hailed by some as a step forward in the months-long nationwide dispute between horsemen, racetracks, and advance deposit wagering entities. But some horsemen's groups are categorizing the development as a step backwards in an overall plan to secure higher revenue shares for purses from a growing wagering segment.

Critical Care Center Being Built in PA

Ground has been officially broken for the state-of-the-art James M. Moran Jr. Critical Care Center at Penn Vet's New Bolton Center in Kennett Square, Pa.

Ground Broken for Critical Care Center

Ground Broken for Critical Care Center

Ground has been officially broken for the state-of-the-art James M. Moran, Jr., Critical Care Center at the University of Pennsylvania's New Bolton Center. The center is named in memory of Elizabeth Moran's son, James, who died this past April.

Santana Strings to Pin Oak Lane

Santana Strings to Pin Oak Lane

Saratoga grade II-winning sprinter Santana Strings has been retired from racing for stallion duty at Dr. William J. Solomon's Pin Oak Lane Farm near New Freedom, Pa.

KY Identifies Problems, But Needs Money

The Governor's Task Force on Racing in Kentucky is close to preparing and releasing a report pinpointing problems and offering recommendations that ultimately will require a lot of money -- something in short supply given an ongoing budget crunch.

Trust N Luck to Penn Ridge

Trust N Luck to Penn Ridge

Eight-year-old stallion Trust N Luck has been purchased by Danny Bramer, Eric Gulley, and Mike Jester from Tom Simon's Vinery for stallion duty at Jester's Penn Ridge Farm near Middletown, Pa.

Deal in Place to Increase PA Mount Fees

The Pennsylvania Horsemen's Benevolent and Protective Association has reached an agreement with the Jockeys' Guild and Jockeys at Penn National Inc. to increase the minimum losing mount fee to $75 for all finishes below third-place.

Pennsylvania Horse Farm to Be Auctioned

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Land of Believe Farm, located in central Pennsylvania about one mile from Hollywood Casino at Penn National Race Course, will be sold at auction Aug. 21.

PA Report: Purses Up, Handle Share Down

PA Report: Purses Up, Handle Share Down

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.

Forum: 'Other Side' of Equine Welfare

A July 18 forum on equine welfare and safety gave participants a chance to offer a perspective not provided during a June congressional hearing at which the horseracing industry was slammed, horsemen said.

Betfair, U.S. Horsemen Continue Talks

Betfair, the Great Britain-based online betting exchange, continues to negotiate with officials in the United States and is inching closer to a deal by which it would compensate horsemen for use of their product.

Topics: THG and Future of Racing on TV

Topics: THG and Future of Racing on TV

The Thoroughbred Horsemen's Group, which advocates a new economic model for pari-mutuel wagering and has been engaged in high-profile battles in the racing industry, isn't going away anytime soon, its president said July 18.

Strategic Plan for Horse Safety in Works

The National Thoroughbred Racing Association is formulating a "strategic plan" for equine health and safety and will seek support from various industry organizations when the document is released, probably in early fall.

Penn Takes Stand on Equine Health

Penn Takes Stand on Equine Health

Penn National Gaming Inc., second only to Magna Entertainment Corp. in terms of number of racetrack holdings in North America, said July 15 it has developed equine health and safety initiatives it hopes implement at all of its properties in six jurisdictions.

'Doldrums' Sharp for Presque Isle Mile

'Doldrums' Sharp for Presque Isle Mile

Summer Doldrums has one prior career start at Presque Isle Downs, and it resulted in a 12-length victory in a one-mile allowance test June 8. If he's as sharp now as he was 3 1/2 weeks ago, he'll be a major force in the $175,000 Presque Isle Mile July 4 at the Pennsylvania racetrack.

PNGI Terminates Merger Agreement

Penn National Gaming Inc. has entered into an agreement with PNG Acquisition Co., an entity indirectly owned by certain funds managed by affiliates of Fortress Investment Group LLC and Centerbridge Partners, L.P., to terminate the proposed merger agreement whereby PNGI was to be acquired by PNG Acquisition Co. for $67 per share.

'People's Court' Decides Horse Dispute

"The People's Court," a television court show featuring real litigants, real cases, and real justice, was the setting for two Philadelphia Park Casino & Racetrack trainers to settle their dispute over an unpaid board bill in an episode that aired in the Philadelphia area June 20.

R.A.C.E. Fund Receives a Boost

The R.A.C.E. Fund, a racehorse retirement organization, announced that substantial funding by the Penn National Horsemen's Benevolent and Protective Association has largely contributed to the continued success of the program.

PA Gaming Board Supports Equine Welfare

Though 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."

ADWs Lose Presque Isle Downs Signal

ADWs Lose Presque Isle Downs Signal

Presque Isle Downs is the latest track to get caught up in the battle over revenue sharing of online and telephone wagering companies as signals to many advance deposit wagering companies were cut off May 11 due to lack of agreements with the Pennsylvania Horsemen's Benevolent and Protective Association.

MTR Gaming Touts 2008 as Better Year

MTR Gaming Touts 2008 as Better Year

In an April 7 conference call where an executive announced an end to a workers' strike at its signature racino, MTR Gaming Group also claimed its 2007 financial performance was a product of a four-year business plan to diversify and strengthen the company.

Area Growth Could Impact Revenue

Area Growth Could Impact Revenue

Wall Street analysts agree Pennsylvania's racetrack casinos have generated higher-than-expected revenue thus far, but growth in the market, both in state and out, could impact those numbers going forward. Thus far, slot machines around the state are producing an average win per machine of $307. There are 11,500 slots, about a quarter of the total that could be operating when all gaming halls are open in the state.

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