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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.
Tuesday, August 14, 2007MTR Gaming Group realized a 40% increase in net revenues for the second quarter, according to financials released Aug. 9, but recorded a net loss of $502,000 as the company battled slots competition from neighboring Pennsylvania.
Thursday, August 09, 2007In terms of money, it will be Del Mar, Keeneland, and Saratoga in northwestern Pennsylvania when Presque Isle Downs offers an inaugural 25-night meet with an average of $500,000 per program in purses.
Tuesday, July 17, 2007MTR Gaming Group Inc. said May 16 its first-quarter profit fell from last year, as interest expenses increased due to borrowings for new construction.
Wednesday, May 16, 2007Presque Isle Downs, the new Erie, Pa., track owned by MTR Gaming Group, will install Michael Dickinson's synthetic Tapeta racing surface before its inaugural Thoroughbred meet begins Sept. 1.
Friday, May 11, 2007Presque Isle Downs, the new Erie, Pa.-area racetrack that plans to open Sept. 1 for its inaugural Thoroughbred meet, will have a synthetic surface.
Tuesday, April 17, 2007Casino and racetrack operator MTR Gaming Group Inc. reported April 2 its fiscal fourth-quarter profit increased sharply due to higher sales and a significant increase in interest income.
Tuesday, April 03, 2007Revenue from slot machines has allowed the Pennsylvania Horse Breeders Association to offer an expanded 33-event stakes schedule headed by the inaugural $125,000 "Smarty Jones Classic" in 2007.
Tuesday, March 20, 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, 2007Six racetracks and five non-racing companies were awarded permanent slot-machine licenses Dec. 20 by the Pennsylvania Gaming Control Board.
Wednesday, December 20, 2006Presque Isle Downs, currently under construction near Erie, Pa., plans to offer 25 nights of Thoroughbred racing for its inaugural season in September 2007, track officials and horsemen said.
Tuesday, December 12, 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 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, 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.
Tuesday, March 07, 2006The decision on where an Erie racetrack will be located is being pushed back because of engineering and legal issues.
Friday, September 17, 2004Planners of a Thoroughbred racetrack near Erie are weighing two location options pending a Sept. 15 license amendment decision from the Pennsylvania Horse Racing Commission.
Tuesday, August 24, 2004The 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.
Wednesday, August 18, 2004MTR 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.
Wednesday, November 19, 2003Pennsylvania 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.
Thursday, November 13, 2003The Pennsylvania Horse Racing Commission unanimously approved Thursday a racing license to Presque Isle Downs, which is slated for construction in Erie, Pa.
Thursday, July 17, 2003A 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.
Friday, June 27, 2003Officials 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.
Thursday, May 22, 2003MTR 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.
Wednesday, February 26, 2003Magna Entertainment's Pennsylvania subsidiary has appealed a decision by regulators to grant MTR Gaming a license to build Presque Isle Downs, a Thoroughbred racetrack proposed for the Erie area.
Thursday, December 26, 2002With minimal discussion, Pennsylvania racing commissioners Thursday morning granted MTR Gaming permission to build and operate a new racetrack in Erie.
Thursday, September 26, 2002Presque Isle Downs, the Thoroughbred racetrack proposed for Erie, Pa., will be the subject of a Pennsylvania State Horse Racing Commission hearing Oct. 9. The hearing, at which the public will be afforded a chance to speak, will be held in Erie.
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