Racing Association Of Central Iowa

News, Articles, Videos and other content about Racing Association Of Central Iowa

Prairie Meadows Seeks More Table Games

Prairie Meadows' table games have been so popular that the track wants to add more. The Racing Association of Central Iowa, which operates Prairie Meadows, voted Feb. 16 to add 11 table games to the 33 that were put in operation in December.

Prairie Meadows, Polk County Team for Disaster Relief

  • News

Prairie Meadows and the Polk County Board of Supervisors joined efforts to pledge up to $100,000 in matching funds to the Southeast Asia Relief Fund through the American Red Cross and challenged the community to join in the effort.

Prairie Meadows May Add Games if Bill Signed

  • News

Prairie Meadows could add table games and video poker this fall if Gov. Tom Vilsack signs a gambling bill approved by the Iowa legislature. The track's board of directors voted 12-0 April 21 to seek the games should the bill become law.

Iowa House OKs Table Games for Racetracks

  • News

Prairie Meadows and two Greyhound tracks will be permitted to offer table games under Iowa legislation that bans new gaming licenses in counties where they aren't currently in place.

Former Prairie Chairman Turns in Owner's License

Former Prairie Meadows chairman Jim Rasmussen turned in his horse owner's license and his River Ridge Ranch stable was legally dissolved May 20. The move looms as a preemptive strike to avert a June hearing at which the Iowa Racing and Gaming Commission would have considered action against Rasmussen for making illegal football bets with alleged bookmaker Robert Derryberry.

Chairman of Prairie Meadows Board Steps Down

Jim Rasmussen stepped down as chairman of the Prairie Meadows board of
directors May 9 in the midst of health concerns and charges he had bet
with a bookmaker on football games.

Ruling Worth $17M to Prairie Meadows in 2002

  • News

Prairie Meadows stands to save $17 million in gaming tax payments this year and $23 million by 2004 after the Iowa Supreme Court ruled June 12 that it was unconstitutional to charge a higher tax rate for slot machines at racetracks than those on riverboats.

Prairie Meadows Rental Agreement is Approved

The Polk County, Iowa, board of supervisors voted unanimously in favor of a five-year, $100 million rental agreement with the operators of Prairie Meadows Racetrack and Casino.

Prairie Meadows Back to Drawing Board

  • News

Negotiations with horse racing interests at Prairie Meadows will be reopened. Polk County supervisors on April 16 said they fear a proposed lease agreement won't protect taxpayers if profits at the racetrack and casino fail to meet expectations.

Prairie Meadows Strikes Purse, Lease Deals

  • News

Prairie Meadows will pay $15 million per year in purses and $20 million annually to its landlord, Polk County, under separate deals worked out by the racetrack. Both agreements will begin in 2003.

Association Makes Offer for Prairie Meadows

The Racing Association of Central Iowa has offered to purchase Prairie Meadows Racetrack and Casino for $150 million. RACI, a non-profit organization that currently runs the Altoona track, would pay Polk County $15 million a year for 10 years, according to its proposal.

Racing Schedule Debated at Prairie Meadows

  • News

The Racing Association of Central Iowa will ask racing interests to scale back the 2002 season to free up more money for the association's offer to purchase Prairie Meadows from Polk County. Thoroughbred and Quarter Horse owners and trainers already have a contract that guarantees $19.9 million in purse money and Iowa-bred bonuses for 2002.

Officials Debate Sale of Prairie Meadows

  • News

At least two of Polk County's five supervisors want the county to sell Prairie Meadows Racetrack and Casino instead of continuing to lease the facility to the Racing Association of Central Iowa.

Most Popular Stories