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PNGI to Outline Rationale for OH Track Moves

Penn National Gaming Inc. will publicly inform the Ohio State Racing Commission Feb. 10 of its plans to relocate two Ohio racetracks should the state's tracks get video lottery terminals.

 Thursday, February 10, 2011

Instant Racing Bill Passes Virginia Senate

The Virginia Senate has again approved legislation authorizing Instant Racing--wagering on historical races--but the bill's reception in the House remains uncertain.

 Tuesday, February 08, 2011
Table Games, OTB Focus of New York Hearing

Table Games, OTB Focus of New York Hearing

The operators of Aqueduct's future video lottery terminal casino have begun pressing state officials to permit table games at the facility and New York's other racetrack casinos.

 Monday, February 07, 2011

PNGI Continues Looking for Growth Markets

Penn National Gaming Inc. said 10 of its 15 gaming properties increased net revenue and that it intends to "expand its presence to any jurisdiction considering the expansion of gaming."

 Thursday, February 03, 2011
Carlino: 'We're Not Running Public Charity'

Carlino: 'We're Not Running Public Charity'

Penn National Gaming Inc. believes racetrack gaming can be a major economic driver but shouldn't be viewed as a means to increase pari-mutuel wagering on racing, company president Peter Carlino said.

 Thursday, February 03, 2011
Pinnacle Closes on Purchase of River Downs

Pinnacle Closes on Purchase of River Downs

Pinnacle Entertainment, a Las Vegas-based casino company, said Jan. 28 it has closed on the purchase of River Downs in Ohio for $45 million in cash.

 Wednesday, February 02, 2011

Despite Suits, Hialeah Moves on Slots Parlor

Hialeah Park is moving ahead with plans to build a casino even though three other southeast Florida pari-mutuel outlets are continuing with a lawsuit that challenges its legal right to have slot machines.

 Thursday, January 27, 2011
Laurel Gets First VLT-Funded Purse Increase

Laurel Gets First VLT-Funded Purse Increase

Video lottery terminal revenue from two Maryland casinos will fund a 16% increase in purses at Laurel Park effective Feb. 2.

 Saturday, January 22, 2011

PNGI Explores Option to Move Ohio Tracks

Penn National Gaming Inc. confirmed Jan. 21 there is a possibility it may attempt to relocate one or both of its Ohio racetracks to avoid competition with full-scale casinos the company is building nearby.

 Friday, January 21, 2011
New OH Track Plan Appears to Have Way to Go

New OH Track Plan Appears to Have Way to Go

The group planning a racetrack, casino, and resort in northeastern Ohio said Jan. 18 "everything will fall into place," but a presentation made during a press conference indicated the project has a long way to go.

 Tuesday, January 18, 2011
Group Plans Ohio Track; Hoping for VLTs

Group Plans Ohio Track; Hoping for VLTs

An eastern Ohio development company officially announced Jan. 17 plans to construct a racetrack and resort called Mahoning Valley Downs in the Youngstown, Ohio, area.

 Monday, January 17, 2011

Illinois Lawmaker: Racetrack Slots a Priority

Democratic Illinois Rep. Lou Lang reiterated Jan. 15 he intends to push legislation authorizing racetrack slot machines and will begin drafting a bill the week of Jan. 17.

 Saturday, January 15, 2011

Indy Budget: 45% Cut in Racing's Slots Share

The proposed Indiana budget bill includes a line item that would almost cut in half the amount horse racing receives from racetrack slot machines.

 Friday, January 14, 2011
Pinnacle Names GM for River Downs in Ohio

Pinnacle Names GM for River Downs in Ohio

Pinnacle Entertainment has named Kevin Kaufman, general manager of its Belterra Casino in Indiana, as general manager of River Downs in Ohio.

 Thursday, January 13, 2011
Back to Drawing Board for IL Racetrack Slots

Back to Drawing Board for IL Racetrack Slots

The Illinois General Assembly adjourned early the morning of Jan. 12 without voting on a massive expansion of gaming that would have permitted the state's racetracks to install a limited number of slot machines.

 Wednesday, January 12, 2011
Maryland Commission Suggests Gaming Changes

Maryland Commission Suggests Gaming Changes

A commission overseeing development of video lottery terminal parlors in Maryland said Jan. 11 the state should examine ways to attract more interest in available gaming licenses and study similar operations in other states.

 Wednesday, January 12, 2011
MD Industry's 2011 Legislative Plan Uncertain

MD Industry's 2011 Legislative Plan Uncertain

The Maryland General Assembly convenes Jan. 12 for a session expected to include aid for horse racing, but action on the expansion of gambling is questionable.

 Friday, January 07, 2011

Track Slots Bill to Floor of Illinois House

A bill that would dramatically expand Illinois gaming, including permitting slot machines at the state's racetracks, has advanced to the floor of the Illinois House of Representatives with bipartisan support.

 Thursday, January 06, 2011

Report: Orioles Owner Bids for Rosecroft

The prospect of changes in Maryland's law governing slot machines has led Baltimore Orioles owner Peter Angelos to again make a bid to purchase bankrupt Rosecroft Raceway, located just south of Washington, D.C.

 Wednesday, January 05, 2011
Judge: Instant Racing Rules Under KHRC Valid

Judge: Instant Racing Rules Under KHRC Valid

A Kentucky circuit court judge has ruled draft regulations for Instant Racing "are a valid and lawful exercise" of the Kentucky Horse Racing Commission's statutory authority.

 Wednesday, December 29, 2010
Mountaineer Calendar: 210 Racing Days in 2011

Mountaineer Calendar: 210 Racing Days in 2011

Mountaineer Casino, Racetrack & Resort will offer 210 days of live Thoroughbred racing in 2011 beginning March 1.

 Wednesday, December 29, 2010
Suffolk Obtains Dog Track Simulcast License

Suffolk Obtains Dog Track Simulcast License

Suffolk Downs has been given approval to simulcast dog racing by the Massachusetts State Racing Commission, which recently issued a decision to allow the shuttered Wonderland Greyhound Park to transfer its license.

 Wednesday, December 29, 2010
Parameters of Maryland Agreement Discussed

Parameters of Maryland Agreement Discussed

The Maryland Jockey Club will receive more than $5 million for operations under the parameters of a negotiated agreement that will maintain a full 146-day live Thoroughbred racing schedule in the state.

 Thursday, December 23, 2010
State Grants Slots License to Hialeah Park

State Grants Slots License to Hialeah Park

The Florida Division of Pari-Mutuel Wagering Dec. 21 issued a license for slot machines to Hialeah Park. Gaming could be offered in November 2011, officials said.

 Wednesday, December 22, 2010
OH Tracks Have Dates But No Horsemen's Deal

OH Tracks Have Dates But No Horsemen's Deal

Ohio's three Thoroughbred racetracks have mapped out their live racing schedules for 2011, but two of them still have no agreement with horsemen on racing dates.

 Tuesday, December 21, 2010

California Screamin'--Issues Get Airing Out

Issues impacting the long-term health of California horse racing were dissected Dec. 9 and produced a general message: Think outside the box, because the prospect of revenue from gaming is very dim.

 Thursday, December 09, 2010
Evans: Optimism, But Not Without Changes

Evans: Optimism, But Not Without Changes

Churchill Downs Inc. president and chief executive officer Bob Evans said Dec. 7 there are reasons to be optimistic about the future of horse racing -- but not without major changes in the way the industry does business.

 Tuesday, December 07, 2010
Illinois Senate OKs Gaming Bill; House Next

Illinois Senate OKs Gaming Bill; House Next

Illinois senators approved a major expansion of casino gambling, including racetrack slot machines, Dec. 1, but the measure must now pass the House of Representatives and be signed by Gov. Pat Quinn.

 Thursday, December 02, 2010
PNGI: No Plans to Exit Maryland Venture

PNGI: No Plans to Exit Maryland Venture

Penn National Gaming Inc. said Nov. 30 its joint venture with MI Developments in Maryland will continue, and that it planned to work on an "expedited basis" to devise a 2011 live racing schedule in the state.

 Wednesday, December 01, 2010
Pinnacle Confirms $45M Deal for River Downs

Pinnacle Confirms $45M Deal for River Downs

Las Vegas-based Pinnacle Entertainment confirmed Nov. 26 it has a deal to purchase River Downs near Cincinnati, Ohio, for $45 million.

 Saturday, November 27, 2010
Court Upholds Hialeah Provision in 2010 Law

Court Upholds Hialeah Provision in 2010 Law

A state court in Tallahassee, Fla., Nov. 22 ruled in favor of Hialeah Park on one count of a lawsuit that challenges its legal right to build a casino with Las Vegas-style slot machines.

 Tuesday, November 23, 2010
Poll Shows Support for Slots at Meadowlands

Poll Shows Support for Slots at Meadowlands

An informal poll conducted by the Hall Institute the week of Nov. 15 showed more than half would support installing slot machines at Meadowlands in New Jersey.

 Monday, November 22, 2010

NY Horsemen Oppose Plans for Indian Casino

New York's largest horsemen's group is among the latest calling on the Paterson administration to halt a looming agreement with a Wisconsin Indian tribe to build a casino in the Catskill Mountains.

 Saturday, November 20, 2010
Maryland Horsemen Fighting for Race Dates

Maryland Horsemen Fighting for Race Dates

With a Dec. 1 deadline on racing dates looming, Maryland horsemen are advocating a schedule similar to that of 2010 even though a shutdown of Laurel Park for live racing and training is on the table.

 Friday, November 19, 2010
Turfway Trims Purses to Maintain Stakes Slate

Turfway Trims Purses to Maintain Stakes Slate

Faced with making a decision brought about by the battering of the Kentucky horse racing industry, Turfway Park has opted to cut some overnight purses in order to maintain a weekly stakes schedule.

 Tuesday, November 16, 2010

OH Governor-elect to Study Racetrack VLT Plan

Republican Ohio Gov.-elect John Kasich wants to study a plan to put video lottery terminals at the state's racetracks, a move that has the Ohio Lottery Commission in a holding pattern on the proposal.

 Monday, November 15, 2010

Pinnacle to Suspend Simulcast Operations

Pinnacle Race Course officials shut down the Detroit, Mich.-area track following the end of its live meet Oct. 31 and announced that simulcast operations would be suspended until at least the spring 2011.

 Friday, November 12, 2010

KY Lawmakers Warming to Racetrack Slots Vote?

There may be growing sentiment in the Kentucky legislature to pass a measure authorizing a constitutional amendment on racetrack gaming, officials indicated after the Nov. 2 election.

 Saturday, November 06, 2010

MJC Considers Options in Wake of Slots Vote

The Maryland Jockey Club will map out a plan for the future over the next several weeks and the closure of Laurel Park for live racing and training remains a real possibility, officials said Nov. 3.

 Wednesday, November 03, 2010

Maryland Voters OK Zoning for Mall Slots

Voters in Anne Arundel County, Md., approved a ballot measure that grants zoning for a slot machine casino at the Arundel Mills Mall.

 Wednesday, November 03, 2010
MJC: Racing at Laurel Hinges on Slots Vote

MJC: Racing at Laurel Hinges on Slots Vote

A plan to put slot machines at Arundel Mills Mall instead of Laurel Park is the driving force of a Nov. 2 referendum in Anne Arundel County, Md.

 Friday, October 29, 2010

Pinnacle to Grow, But No River Sale Comment

Pinnacle Entertainment Inc. reported a reduced net income loss for the third quarter and said it's looking to expand into new markets while adhering to "disciplined capital-spend and return metrics."

 Thursday, October 28, 2010
Purses, Handle, Field Size Up at Hoosier Park

Purses, Handle, Field Size Up at Hoosier Park

Hoosier Park Racing & Casino in Indiana reported strong across-the-board gains for its 2010 meet that ended Oct. 24.

 Monday, October 25, 2010
Sources: River Downs Sold to Casino Company

Sources: River Downs Sold to Casino Company

River Downs near Cincinnati, Ohio, has been sold to Pinnacle Entertainment, a gaming company that operates a casino in neighboring Indiana, according to sources close to the matter.

 Thursday, October 21, 2010

KY Breed Incentive Changes Being Considered

A Kentucky Horse Racing Commission committee is considering changes to the state's Breeders' Incentive Fund, money for which comes from a 6% sales tax on stud fees.

 Thursday, October 21, 2010
Beulah Park to Reopen Under New Ownership

Beulah Park to Reopen Under New Ownership

Beulah Park, which has changed hands several times in its long history, will open its 2010-11 meet Oct. 12 under the new ownership of Penn National Gaming Inc.

 Tuesday, October 05, 2010
Battle Lines Drawn in NYCOTB Reorganization

Battle Lines Drawn in NYCOTB Reorganization

Officials said they are close to a deal to try to bring New York City Off-Track Betting Corp. out of bankruptcy protection, but that a final agreement is being blocked by several harness tracks in the state.

 Monday, October 04, 2010
Bright Spot Can't Hide Reality in Kentucky

Bright Spot Can't Hide Reality in Kentucky

A positive day for horse racing at Turfway Park couldn't hide the fact the track's product, and the Kentucky horse racing and breeding industry in general, are suffering.

 Monday, October 04, 2010

NJ Lawmakers Question Commission Report

New Jersey lawmakers questioned the research behind a report on gaming and racing in the state Sept. 29 and suggested it left too many unanswered questions, particularly in regard to options for the horse racing industry.

 Wednesday, September 29, 2010

Del Park Gives Bonus Experiment Some Time

Delaware Park has received mostly favorable feedback on its ontrack exacta bonus experiment, but its potential may be hard to gauge until it has a chance to grow.

 Tuesday, September 28, 2010
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