Kentucky racetrack operators said May 20 the state's horseracing and breeding industries have reached a critical juncture, and without legislative assistance in the form of on-track gaming, the damage could be irreparable.
Hundreds of people who make their living in Ohio's horseracing and breeding industry rallied at the state capital May 19 to support a plan for video lottery terminals at the state's seven racetracks.
As Kentucky's equine industry awaits word on whether Gov. Steve Beshear will call a special legislative session that could have racetrack gaming on the agenda, representatives of the state's racetracks and horsemen's groups will hold a press conference May 20 to discuss the state of the horse business. Meanwhile, Ohio horseracing interests plan a statehouse rally May 19 to lobby for legislative relief.
Delaware expects to offer sports betting at its three racetracks this summer under a new law that also allows the tracks to offer table games such as blackjack, craps, poker, and roulette.
Presque Isle Downs & Casino near Erie, Pa., will begin its 100-night meet May 8 with more exposure for its signal.
A "benchmark report" on slot machines in Pennsylvania shows a 39.3% increase in purses paid at Thoroughbred and Standardbred racetracks from 2007 to 2008, but double-digit declines in total pari-mutuel handle during the same period.
A decision on whether to call a special legislative session -- one that could include alternative gaming and relief for the horse industry -- will be made in a few weeks, Kentucky Gov. Steve Beshear said April 29.
A Maryland harness track that hasn't offered live racing in almost a year also lost its Thoroughbred simulcast rights April 28 when it was ordered by the Maryland Racing Commission to cease operations.
Calder Race Course begins its 39th season of Thoroughbred horse racing April 24 with a Thursday-through Sunday schedule.
Kentucky Gov. Steve Beshear said he has been proactive in his support of expanded gambling to assist horse racing and breeding, and the "continued tough economy may further underscore that effort."
The state of New York should abandon efforts to find new bidders to develop a video lottery terminal casino at Aqueduct and instead tap the New York Racing Association to run the long-delayed facility, a leading state lawmaker believes.
Members of the Florida House of Representatives March 24 released a draft of a bill that would require the Seminole Tribe of Florida to remove blackjack and baccarat tables from its casinos. The proposal would permit the Seminoles to keep the Class III Las Vegas-style slot machines they began installing at their Florida casinos last summer.
The chairman of an important Florida Senate committee March 24 introduced a bill that would allow Gulfstream Park and Calder Race Course to have blackjack and baccarat, while permitting the Seminole Tribe of Florida to keep those two games and add roulette and crap tables at its casinos.
The head of Delaware's gambling industry group said Democratic Gov. Jack Markell's proposed budget would be devastating to the state's three racetracks, including Delaware Park.
More competition for Kentucky racing will come April 20 when Indiana Downs begins a 62-day meet featuring purse increases for most overnight races and an expanded stakes schedule worth more than $1 million.
Saying five of the state's seven racetracks will close without assistance from the legislature, the Ohio State Racing Commission March 19 released a draft plan for 14,000 video lottery terminals that would be located at tracks.
The Maryland Jockey Club March 17 officially unveiled a 2009 spring stakes schedule at Pimlico Race Course that's down about $1 million from last year and doesn't include the grade I Pimlico Special.
The economy continues to take its toll on racetracks, including those with alternative gaming. Mountaineer Casino, Racetrack & Resort in West Virginia said it will cut overnight purses 10% effective April 20.
Turfway Park has canceled its third consecutive Monday program because of a shortage of horses, officials said March 13.
Fort Erie Race Track & Slots in Ontario, Canada, will offer live Thoroughbred racing this year, and the local horsemen's group is asking for support from owners and trainers.
With the Kentucky General Assembly seemingly headed for a special session this spring or summer to address a substantial revenue deficit, a legislative committee March 12 heard testimony on a bill that would authorize video lottery terminals at racetracks in the state.
In anticipation of a push by a consortium for casino gambling in Ohio's four largest cities, the Ohio State Racing Commission is formulating its own legislative proposal for video lottery terminals at the state's seven racetracks.
The New York Thoroughbred Breeders, disturbed by a delay in a plan for thousands of video lottery terminals at Aqueduct, called the situation "inexplicable" and said Gov. David Paterson should put the project on "war footing."
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.
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.
Turfway Park is having a tough time making up for programs canceled because of the weather during the current winter/spring meet.
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.
Some Texas lawmakers are trying again to establish Las Vegas-style casinos in the state, and they say now is the time to do it because the state needs the money. Racetracks would be included, according to legislation unveiled Feb. 24.
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.
The chairman of the Kentucky Equine Education Project said Feb. 18 he expects gaming-related legislation benefitting the Kentucky horse industry to pass -- but he's not sure when.
A Penn National Gaming Inc. official said the company doesn't plan to ask voters this year to approve table games at Charles Town Races & Slots in West Virginia.
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.
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.
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.
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.
Magna Entertainment Corp. said Feb. 4 it has arranged to pay a $28.5-million licensing fee for slot machines -- but the money will be placed in an escrow account at a Maryland bank.
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.
Massachusetts Speaker of the House Robert DeLeo said Feb. 2 House lawmakers could vote on legislation to expand gambling before the end of the year -- the surest signal yet that casinos or slot machines may be coming to the state.
The $1-million Delaware Handicap (gr. II) will be the highlight of a scaled-back $3.175-million stakes program at Delaware Park in 2009, the track announced Jan. 29.
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.
Legislation to authorize video lottery terminals at Kentucky racetracks will be amended in several key areas, one of which is a substantial increase in the licensing fee racetracks would pay for VLT licenses.
The Kentucky Horsemen's Benevolent and Protective Association is circulating a petition asking the General Assembly to support legislation to authorize video lottery terminals at racetracks in the state.
Jack Sours has been named president and general manager of Mountaineer Casino, Racetrack & Resort, MTR Gaming president and chief executive officer Bob Griffin announced Jan. 13.
Charles Town Races & Slots has announced a 2009 open stakes schedule with a record $2.7 million available in purses. The 12 scheduled stakes will take place on three special event days, beginning April 18 with Charles Town Classic Day.
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.
Democratic Kentucky Rep. Greg Stumbo plans to file legislation to authorize Kentucky Lottery Corp.-operated video lottery terminals at the state's racetracks.
Illinois Gov. Rod Blagojevich Dec. 15 signed legislation that extends the diversion to horse racing of 3% of revenue from the state's four highest-grossing riverboat casinos.
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.
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.
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