Presque Isle Downs

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TrackNet, THG Clarify 'Proposal' Stands

TrackNet, THG Clarify 'Proposal' Stands

TrackNet Media Group said April 22 it doesn't like a proposal from horsemen that would allow advance deposit wagering companies the cards of the Kentucky Derby Presented by Yum! Brands (gr. I) and the Kentucky Oaks (gr. I), locking in place a stalemate over broader revenue sharing models.

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.

Track Owner Boosts Stake in MTR Gaming

Track Owner Boosts Stake in MTR Gaming

Jacobs Entertainment Inc. and its affiliates have recently increased their overall stake in MTR Gaming Group, a move that follows a January announcement that the owner of Colonial Downs was shifting its focus towards facilities that feature multiple forms of gaming.

MTR Gaming Pleased with Table Games

MTR Gaming Pleased with Table Games

MTR Gaming Group said Jan. 16 its Mountaineer Casino, Racetrack & Resort reported about $3 million in revenue from table games and poker since the full ramp-up of table-game operations in late December.

Wagering Down, Purses Up in 2007

Wagering Down, Purses Up in 2007

Overall wagering declined slightly in the United States in 2007 while purses increased, according to "Thoroughbred Racing Economic Indicators" data released Jan. 15.

Purses Boost Inaugural Presque Isle Meet

The inaugural meet at Presque Isle Downs concluded Sept. 29, with the track located at the casino of the same name near Erie, Pennsylvania reporting average daily purse distribution of $432,074 for the 29-day stand. Overnight purses averaged $368,074.

Kentucky Racing Industry Could Feel Tighter Squeeze

Kentucky Racing Industry Could Feel Tighter Squeeze

The advent of a potentially strong competitor in western Pennsylvania might have minimal impact on the upcoming meet at Turfway Park, but track president Bob Elliston said it won't go unnoticed as far as Kentucky Thoroughbred racing is concerned.

Even With 'Smarty Slots,' Challenges Continue for Racetracks

Even With 'Smarty Slots,' Challenges Continue for Racetracks

It 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.

Even With 'Smarty Slots,' Challenges Continue for Racetracks

It 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.

Site for New Pennsylvania Track Still Undecided

Planners of a Thoroughbred racetrack near Erie are weighing two location options pending a Sept. 15 license amendment decision from the Pennsylvania Horse Racing Commission.

Pennsylvania Applicants Line Up for Track License

The Pennsylvania Horse Racing Commission will meet Aug. 24 to map out a timeline for approval of the state's final Thoroughbred racetrack license. But whoever gets the license isn't guaranteed a slot machine license, which has narrowed the field of applicants.

MTR Gaming Plans Temporary Slots Parlor in Pennsylvania

MTR Gaming Group Inc., which has been granted a state license to build a horse racing track in Pennsylvania, has plans to build a temporary slot machine parlor where customers can gamble during the two years it will take to build the track.

Pennsy Governor Says Tracks Must Be Protected

Pennsylvania Gov. Ed Rendell isn't against having slot machines at locations other than racetracks, but he said if that's the case, it's imperative the tracks and the horse racing industry be protected.

Presque Isle Downs Regains Racing License

The Pennsylvania Horse Racing Commission unanimously approved Thursday a racing license to Presque Isle Downs, which is slated for construction in Erie, Pa.

Pennsylvania Slots Remain an Uncertainty

A decision by the Commonwealth Court to vacate a license granted last year to MTR Gaming and opposition by House members to slots in the state is leaving many questions to be answered.

Officials: Sale of Scioto to MTR Gaming a Go

Officials with Scioto Downs in Columbus, Ohio, said May 22 all systems are go on its purchase by MTR Gaming Group, owner of Mountaineer Race Track & Gaming Resort in West Virginia.

Mountaineer Parent Seeks Money for Expansion

MTR Gaming Group, owner of Mountaineer Race Track and Gaming Resort in West Virginia, is pursuing the issuance of $130 million in senior notes through a private placement, business wires reported Feb. 26. The money for be used for several projects, including development of a track in Pennsylvania.

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