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.
The rejuvenated New York Racing Association has big plans for its new 25-year franchise, but president and chief executive officer Charles Hayward said Dec. 9 the organization has to plan wisely should revenue sources dry up.
An Ohio lawmaker whose district includes River Downs said Nov. 26 he plans to introduce legislation in 2009 for casino-style gaming that would support the horse racing and breeding in the state.
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.
With revenue from slot machines probably a few years away, Thoroughbred racing in Maryland will continue in no-frills mode for the immediate future.
Two New Jersey lawmakers have taken a bipartisan approach in urging the governor to quickly form a committee to examine the state and future of the horse racing and breeding industry.
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.
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.
Maryland voters approved legalizing slot machines Tuesday in a constitutional amendment, paving the way for up to 15,000 machines in five locations and ending years of debate between lawmakers who never managed to pass the measure on their own.
Ohio voters Nov. 4 rejected a proposed $600-million casino -- the fourth time plans for expanded gambling in the state have been turned down since 1990.
Hoosier Park Racing & Casino and Indiana Downs have submitted requests for 2009 schedules that could significantly impact surrounding states.
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.
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.
New York Gov. David Paterson selected Delaware North to run a new, sprawling video lottery terminal casino at Aqueduct, sources at the state capital said Oct. 10. But the Senate balked at his choice.
The Maryland Jockey Club said it is "aggressively supporting" a campaign to win approval via a Nov. 4 statewide referendum for slot machines at five locations in the state.
The nation's financial crisis has stepped up efforts to prod state government in New York to select an operator for the long-stalled video lottery terminal casino at Aqueduct, and launched a renewed effort to bring VLTs to Belmont Park.
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.
A new stakes worth up to $1 million will be offered next year at Charles Town Races & Slots in West Virginia.
The Supreme Court of Florida Sept. 11 denied a request by the Seminole Tribe of Florida and Gov. Charlie Crist for a re-hearing on its July 3 ruling that blackjack and baccarat are illegal at the tribe's Hollywood, Fla., casino.
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.
Rick Moore, general manager at Hoosier Park Racing & Casino, is leaving the Indiana track after 14 years, officials announced Aug. 29, opening day of the Thoroughbred meet. His last day will be Sept. 12.
Evangeline Downs Racetrack & Casino, which opened in the spring of 2004, is scheduled to offer its first turf race Sept. 1.
Hoosier Park Racing & Casino kicks off a 14th season of Thoroughbred racing Aug. 29, and the 63-day meet will be one of change.
The Indiana Horse Racing Commission approved a plan Aug. 14 that calls for significant increases to purses offered through the Thoroughbred Breed Development program at the upcoming Hoosier Park meet.
Suffolk Downs and Wonderland Greyhound Park have reached a partnership agreement allowing Suffolk to buy the dog track, and maybe help the owners land a casino gambling franchise.
Major stakes will be scrapped and the Pimlico Race Course barn area closed until next year's spring meet under changes announced Aug. 6.
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.
Texas Thoroughbred Association executive director David Hooper addressed the Greater Houston Horse Council July 21 in an effort to garner support for a new breed coalition, Texas Horse Organizations for Racing, Showing and Eventing, which is known as Texas HORSE.
Despite downward trends in wagering nationwide, Indiana Downs bucked the trend by staying relatively flat during its 54-day Thoroughbred meet that ended July 8.
The New York Racing Association has been granted another temporary extension to continue operating during most of the Saratoga meet while it negotiates a final deal with the state for a 25-year franchise.
The outspoken leader of Capital Play, one of the entities vying for the big Aqueduct video lottery casino deal, is stepping down.
The slots era in Indiana is off to a strong start as the casinos at both Hoosier Park and Indiana Downs combined to pull in a little more than $26 million in adjusted gross receipts during the first month of operation.
The Ohio State Racing Commission said July 8 that most Ohio racetracks would probably install Keno terminals at their facilities when the game launches in the state Aug. 4.
Penn National Gaming Inc. said July 7 it has secured an exclusive 18-month option to purchase about 36 acres in Cecil County, Md., for the purpose of constructing a slot-machine casino.
Churchill Downs Inc. announced July 7 that it has signed contracts with the Florida Horsemen's Benevolent and Protective Association on 2008 purses and on potential future slot machine revenue at CDI-owned Calder Race Course.
The TRA and KEEP have weighed in on the announced closure of Ellis Park in western Kentucky. They blame lack of a long-term, industry strategy on advance deposit wagering, and inability to compete with other states, respectively.
The Supreme Court of Florida ruled July 3 that Gov. Charlie Crist exceeded his authority last November when he signed a compact that has permitted the Seminole Tribe of Florida to have Class III Las Vegas-style slot machines, blackjack, and baccarat.
The Seminole Tribe of Florida is preparing for the June 22 launch of blackjack and baccarat at its Hollywood, Fla., casino located 10 miles from Gulfstream Park, one of the racetracks that filed suits to stop the Seminole gaming expansion.
Evangeline Downs Racetrack & Casino has increased overnight purses by more than 5% to bring the nightly average to more than $190,000 effective June 21.
The Florida Horsemen's Benevolent and Protective Association's general counsel said June 10 his organization could sign agreements "in the very near future" on 2008 purses and future slot-machine revenue at Calder Race Course.
The temporary "Indiana Live!" slot-machine casino at Indiana Downs opened to the public June 9, ushering in a richer future for the state's horsemen. But purses won't be going up any time soon.
Illinois' richest riverboat casinos must pay part of their profits to horse owners and racetracks, the state Supreme Court ruled June 5.
The slots era for Indiana horse racing officially began June 2 when Hoosier Park Racing & Casino opened its doors to the public.
A backstretch improvement program has begun at Hollywood Casino at Penn National, which will spend up to $10 million over the next 10 years to build new barns, refurbish old ones, and make other barn-area upgrades.
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."
A Magna Entertainment Corp. executive said the company has no plans to sell either of its Maryland racetracks but indicated the results of a statewide November referendum on slot machines could play a role in any decision.
As horseracing interests lobby for slot machines in Illinois, two former state legislators have floated a $31-billion infrastructure plan that would be paid in part by expanded gambling in the state.
The Maryland racing industry is throwing its support behind a campaign for slot machines, but it remains to be seen whether any racetracks would get the gambling devices should the public approve a statewide ballot measure in November.
Indiana Downs enjoyed a promising start to its 54-day Thoroughbred meet April 25-26, with large crowds and strong wagering. Indiana Downs will offer racing through July 8.
The Delaware Certified Thoroughbred Program, formed earlier in the decade to preserve farmland and offer incentives for horses domiciled in the state, now has almost 1,300 registered Thoroughbreds, according to the Delaware Thoroughbred Horsemen's Association.
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