Why support an industry that cannot sustain itself? Because wherever this debate occurs, it's important to see that the racetrack is only part of the equation.
Evan Hammonds explains how the revenue from casino gaming is causing the biggest shift in the Thoroughbred population.
Even though overall United States casino revenues dropped for the first time this decade, domestic racinos registered double-digit percentage growth in 2008, according to a report issued May 18 by the American Gaming Association.
Wednesday, May 20, 2009New York's lottery director caused a bit of a stir this week when he suggested to state lawmakers that racetracks are a drag on the profitability of their racino operations - leading to less money going to the state's education budget.
Wednesday, April 29, 2009Hollywood Casino at Penn National opened on time Feb. 12 with bells and whistles--and with a rousing alarm and taped recording telling everyone to vacate the building.
Tuesday, February 12, 2008Another fight is brewing over whether Michigan's racetracks should be allowed to add casino-style gambling.
Wednesday, August 22, 2007Legislation that would allow slot machines at Indiana's two pari-mutuel racetracks was endorsed by a Senate committee on a 9-3 vote March 20, but there are concerns about a $400-million license fee each track would have to pay for the right to operate slots.
Wednesday, March 21, 2007Despite some inconveniences in the facility, horsemen at Philadelphia Park welcome the anticipated benefits as slots became a reality Tuesday.
Tuesday, December 19, 2006A petition drive to allow a vote on video lottery terminals at Ohio racetracks was 8,716 signatures short as of Aug. 30, but more will be submitted within the next two weeks.
Thursday, August 31, 2006New York Gov. George Pataki is offering $10 million in immediate aid to help keep the ailing New York Racing Association from insolvency, and he pledged to work with legislators on another measure to lend NYRA cash against its future gaming proceeds.
Wednesday, December 28, 2005The horse racing industry should exploit the growth of sports betting, broaden its distribution, and develop new content rather than looking to racinos as an industry "savior," according to Scientific Games chairman and chief executive officer A. Lorne Weil.
Tuesday, December 06, 2005Plans for a racino at Canterbury Park continued to progress through the Minnesota legislature when the House Committee on Regulated Industries approved a bill March 29 and sent it to the House Committee on Taxes.
Thursday, March 31, 2005Canterbury Park has unveiled a legislative proposal to support a $120-million racino development at its 380-acre site in Shakopee, Minn.
Wednesday, March 09, 2005Tom Meeker, president and chief executive officer of Churchill Downs Inc., told racetrack and gaming officials Tuesday that racing has become a remedy for state deficits rather than a means for economic development.
Tuesday, December 07, 2004Planners of a Thoroughbred racetrack near Erie are weighing two location options pending a Sept. 15 license amendment decision from the Pennsylvania Horse Racing Commission.
Tuesday, August 24, 2004Canterbury Park in Minnesota will open May 14 with a 10% increase in purses. The daily average will be $138,000, the highest since the track reopened in 1995.
Tuesday, May 11, 2004Canterbury Park will kick off its 63-day Thoroughbred and Quarter Horse meet May 16. Highlight of the spring/summer season is the $550,000 Claiming Crown, a five-race series scheduled for July 19.
Tuesday, May 13, 2003A survey of Minnesota residents indicates 70% support a plan to open a racino at Canterbury Park as a means to raise revenue for the state budget.
Thursday, April 24, 2003Monday's vote is the first time a bill of this kind has passed out of committee in Minnesota.
Wednesday, March 26, 2003
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