Belterra Park, which opened for gaming and Thoroughbred racing in May, plans to reduce overnight purses by about 20% according to its next condition book effective Aug. 30.
Belterra Park received its meet approvals from the Ohio State Racing Commission April 29 and is on schedule to begin its 2014 meet May 8.
The Ohio State Racing Commission March 20 postponed a decision on a plan to transfer summer racing dates at River Downs near Cincinnati to Beulah Park near Columbus.
Pinnacle Entertainment plans to begin construction on a new River Downs by the end of March, but the company remains mum on details about the planned Ohio racetrack casino.
Pinnacle Entertainment, which owns River Downs, has begun demolishing racing structures and digging up the one-mile dirt track.
The Texas Racing Commission has approved Nevada-based Pinnacle Entertainment to purchase 75.5% of the racing assets of Retama Park in San Antonio.
Negotiations continued Dec. 12 among the Ohio parties involved in a possible shift of the River Downs meet to Beulah Park in 2013.
The Texas Workforce Commission was notified the week of Nov. 19 that the 296 employees at Retama Park near San Antonio, Texas, would be laid off due to the termination of its management contract.
Though owner Pinnacle Entertainment hasn't made an official announcement, it appears the grandstand at River Downs will be leveled to make way for a new racetrack gaming facility.
Casino operator Pinnacle Entertainment said April 26 one of its subsidiaries has an agreement to purchase a 75.5% interest in Retama Park, which is located near San Antonio, Texas.
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.
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.
Having compromised on the number of racing dates, Pinnacle Entertainment and the Ohio Horsemen's Benevolent and Protective Association have agreed on a contract for the 2011 meet at River Downs.
Pinnacle Entertainment, a Las Vegas-based casino company, said Jan. 28 it has closed on the purchase of River Downs in Ohio for $45 million in cash.
Pinnacle Entertainment has named Kevin Kaufman, general manager of its Belterra Casino in Indiana, as general manager of River Downs in Ohio.
Las Vegas-based Pinnacle Entertainment confirmed Nov. 26 it has a deal to purchase River Downs near Cincinnati, Ohio, for $45 million.
Pinnacle Entertainment Inc. reported a reduced net income loss for the third quarter and said it's looking to expand into new markets while adhering to "disciplined capital-spend and return metrics."
River Downs near Cincinnati, Ohio, has been sold to Pinnacle Entertainment, a gaming company that operates a casino in neighboring Indiana, according to sources close to the matter.
Churchill Downs Inc. and Bay Meadows Land Company completed the sale of Hollywood Park racetrack and surrounding acreage at the Inglewood, Calif., site to Hollywood Park Land Company, an affiliate of BMLC, for $257.5 million. CDI will use the proceeds of the sale to pay down debt.
Delta Downs near Vinton, La. Won approval to enlarge its slot-machine parlor to an overall size of more than 40,000 square feet.
Pinnacle Entertainment officials alleges legislation to provide more aisle space for the gaming parlor at the Delta Downs in Vinton, La., is actually an effort to expand the casino at the racetrack owned and operated by Boyd Gaming.
The New Mexico Racing Commission has delayed action for 60 to 90 days on awarding a license for a new racetrack in Hobbs near the Texas border.
The Indiana Gaming Commission has fined Pinnacle Entertainment more than $2 million and suspended the gaming license of Belterra Casino Resort for two days. The action by the commission came at its monthly meeting July 29 in Indianapolis.
Pinnacle Entertainment plans to build Louisiana's largest riverboat for its proposed Lake Charles casino if the project is approved in April.
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