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Kentucky Racing Industry 'at Risk'

Kentucky Racing Industry 'at Risk'

Representatives of two Kentucky Thoroughbred tracks said they will be forced to reduce racing dates due to declining economic conditions, with the owner of Ellis Park saying his track would not race in 2010 unless alternative gaming is legalized in the Bluegrass State.

Tin Cup Needed for KY Racing Commission

Tin Cup Needed for KY Racing Commission

The multi-year quest for a stable funding source for the Kentucky Horse Racing Commission took another turn March 10 when legislation to increase the powers of the KHRC unanimously passed a Senate committee. Whether the bill is approved--and whether the commission gets a new funding source--could be determined on the Senate floor.

Gulfstream Retail Development Progresses

Magna Entertainment Corp. and partner Forest City Enterprises announced Feb. 26 the first 32 tenants for the retail portion of their The Village at Gulfstream Park development. Plans for the $1.2-billion complex, adjacent to Gulfstream's clubhouse/casino building, include a hotel and condominiums on the property in Hallandale Beach, Fla. Meanwhile, officials are reluctant to speculate on a possible bankruptcy filing by MEC.

Penn No Longer Purse Bottom-Feeder

In 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.

KY Horsemen Make Case to Legislators

More than 100 people who make their living in the Kentucky horse industry made their case to three Northern Kentucky legislators Feb. 16, and the message was clear: The economics must change or the state will lose a valuable asset.

Racetrack VLT Bill Clears Kentucky Panel

Revised legislation to authorize video lottery terminals at Kentucky racetracks unanimously passed out of a House of Representatives committee Feb. 12, but its sponsor is unsure the measure will be voted on by the full House during the current General Assembly session.

Issues Delaying VLT Casino at Aqueduct

Issues Delaying VLT Casino at Aqueduct

The company selected to operate video lottery terminals at Aqueduct said there are a host of unresolved issues, including restructuring its financing deal, before it can close on a final agreement with the state of New York to begin construction on the long-delayed facility.

PNGI 'Not Enthused' About Maryland Slots

After absorbing a $378.6-million loss in 2008's fourth quarter alone, Penn National Gaming Inc. posted an annual loss of $153.3 million for the year, and said while it isn't "enthused" about developing a potential new slots facility in Maryland, it will pursue those plans.

Laurel Slots Bid Called Into Question

In a jaw-dropping revision, Maryland received requests for far fewer slot machines in five license proposals than previously thought, and two of the six bidders -- including Laurel Park owner Magna Entertainment Corp. -- failed to pay $22.5 million in required up-front fees, a state official said Feb. 3.

Colorado Horse Groups Make Case for Bill

Horsemen from all parts of Colorado rallied at the state capitol Jan. 20 to support efforts by the horse industry to pass legislation designed to revitalize the economics of the industry in Colorado through advance deposit wagering and Instant Racing.

Texas VLT Bill Ready to Be Filed

When the Texas legislature convenes Jan. 13, a bill to legalize alternative gaming at the state's racetracks is ready to be filed. The Texas racing industry has angled for video lottery terminals for the past decade, but in 2009, business will not be as usual.

KY Task Force Cites Urgency of Action

KY Task Force Cites Urgency of Action

Kentucky horse racing and breeding industries are losing ground to other states, and if immediate action is not taken to stem the tide, the state could find itself in jeopardy of losing one of its signature industries, according to a 70-plus-page document released Dec. 15 by the Governor's Task Force on the Future of Horse Racing.

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.

Instant Racing Called Quick Fix for Ohio

A study released by Ohio State Racing Commission offers a short-term action plan and a long-term strategy for the struggling horseracing industry in the Buckeye State, but one racetrack official said the quickest fix lies with the pen of Gov. Ted Strickland.

Racing, Gaming Clash in NJ Purse Dispute

An ugly dispute over purse supplements for a New Jersey harness track could have long-term ramifications as officials devise a plan for the future of horse racing in the Garden State, and it also sheds light on the complications that can arise when racing and gaming are linked.

Bill Calls for Handle, Injury Reports

Legislation that would require racetracks to submit detailed daily reports on pari-mutuel handle and attendance, and various parties to submit racehorse injury reports, has been pre-filed for the 2009 session of the Kentucky General Assembly.

Ohio Creates Equine Advisory Task Force

Just days before Ohioans vote on whether to authorize a constitutional amendment allowing for a casino in southwestern Ohio, the state Department of Agriculture announced an 11-member Equine Industry Advisory Task Force charged with promoting and strengthening the state's horse industry.

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.

Advice: Embrace 'Whales,' Close Tracks

This year's International Simulcast Conference opened Sept. 29 with some advice to the horseracing industry: Embrace the "whales" and computer-assisted wagering, and close some tracks to help improve the product at those that remain.

Are Calder Agreements in Jeopardy?

  • News

Reports that Churchill Downs Inc. and the Florida Thoroughbred Breeders' and Owners' Association are stalled in talks on a Calder Race Course slot machine contract are leading to concerns about possible cancellation of two contracts between CDI and the Florida Horsemen's Benevolent and Protective Association.

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