Their financial performances were no secret during the year, but now the final numbers for fiscal 2014 are in and, for the first time, New York racetrack-based casinos showed their first year-to-year dip in net revenue.
Groups seeking to block a Finger Lakes-area casino in upstate New York have been formally joined by a politically powerful and financially deep-pocketed ally: the Oneida Indian Nation.
New York lawmakers have given final approval to an expansion of video lottery terminal games at six of the state's nine racetrack-based casinos.
A measure giving flexibility to the financial operations of the New York State Thoroughbred Breeding and Development Fund passed by a comfortable margin in the state Senate, as it has every year since 2010.
Revenue for state government from the nation's pari-mutuel industry dropped 3.5% in 2014 from a year earlier, according to a new report by a university system think tank.
Both houses of the West Virginia legislature have adopted a resolution forming a select committee that will undertake a "comprehensive study" of the state's racing and gaming industries and report its findings in 2016.
Legislation has been introduced in both houses of the New York legislature to require the owners of a future commercial casino to make whole any losses suffered by horsemen and breeders at nearby Finger Lakes.
The owner of Finger Lakes Gaming & Racetrack in upstate New York is asking a state judge to halt the awarding of a license for a new commercial casino located just 25 miles away from the 1960s-era racetrack.
Video lottery terminals at Aqueduct Racetrack have helped push up prices of New York-bred yearlings and increased the state's foal crop in what economic development officials say has been a far-reaching impact.
There will be a live race meet at Suffolk Downs in 2015 and 2016 now that track ownership and the New England Horsemen's Benevolent and Protective Association have come to terms.
A New York casino panel has approved another round of bids for a gaming facility in the Southern Tier region of the state located near Binghamton and just across from the Pennsylvania border.
A proposal to ease Indiana's gambling laws, by permitting riverboat casinos to move onto land and allowing live dealers for table games at the state's two racetrack casinos, won approval by a wide margin in the Indiana House.
The Stronach Group remains optimistic about the future of the horse racing industry in North America and will continue to push for what it believes are fundamental structural changes needed to move the business forward.
As part of an examination of its equine medication rules, the Ohio State Racing Commission in February will begin hearing from various industry organizations involved in an effort to adopt uniform policies for all states.
A New York panel has begun anew the process for awarding a commercial casino license in the state's Southern Tier region after the urging of Gov. Andrew Cuomo.
The governing body of Jefferson County, W.Va., where Charles Town Races is located, plans to send a message to state legislators that further reductions in the share of gaming revenue that supports racing are unacceptable.
The Maryland Jockey Club reported a decrease in pari-mutuel handle on live racing at Laurel Park and Pimlico Race Course in 2014, but total and average purses were up from 2013.
Hollywood Gaming at Mahoning Valley Race Course ended its inaugural meet Dec. 30 with record total pari-mutuel handle of $1,102,566.
A request by management and horsemen at Hollywood Casino at Charles Town Races to reduce the number of live racing days for 2015 has renewed a discussion about the future of West Virginia Thoroughbred racing.
The Ohio Thoroughbred Racing Fund, now fully supported by revenue from racetrack video lottery terminals, will almost double to more than $5 million in 2015.
Hollywood Gaming at Mahoning Valley Race Course opened its barn area and dirt racing surface for training as scheduled Nov. 10 in advance of a Nov. 24 opening day.
A white paper prepared by the Rutgers Equine Science Center released Nov. 7 shows a continued loss of ground for the New Jersey horse racing industry and calls for a partnership between racing and casinos.
The West Virginia Racing Commission is moving forward with a plan to fashion legislation that would allow flexibility on racing dates and perhaps new gambling offerings to generate revenue for the industry.
Mountaineer Casino, Racetrack & Resort and Hollywood Casino at Charles Town Races were granted permission Oct. 15 to reduce live racing dates for the final months of 2014.
According to a Thoroughbred Racing Associations study, money from added-gaming sources now accounts for more than one-third of the purse money awarded in U.S. Thoroughbred racing.
The Massachusetts Thoroughbred racing and breeding industry was dealt a devastating blow when the Massachusetts Gaming Commission decided to award the sole Boston-area casino license to Wynn Resorts.
The Thoroughbred industry in Massachusetts will receive the lion's share of future expanded gaming revenue to be collected and allocated by the Race Horse Development Fund.
Laurel Park opens its customary end-of-season meet Sept. 5 with an emphasis on turf racing and stakes clustered on multiple big-event days.
Belterra Park, which opened for gaming and Thoroughbred racing in May, plans to reduce overnight purses by about 20% according to its next condition book effective Aug. 30.
The West Virginia Racing Commission Aug. 15 upheld a hearing officer's recommendation that Mountaineer Casino, Racetrack & Resort can't abandon December racing, but it allowed leeway should purse money not be available.
The future structure of the New York Racing Association and the implications for year-round racing in the state were examined Aug. 12, the first day of the Saratoga Institute on Racing & Gaming Law in Saratoga Springs, N.Y.
State regulators in New York have acted quickly to issue a new rule letting racetrack-based casinos operate an extra two hours a day.
New York racetrack gaming facilities, most of which have been facing slumping financial numbers this year, will be able to stay open later into the early morning and be authorized to offer more free play.
Hialeah Park has announced a major expansion of its casino and indicated it will continue to work toward holding a Thoroughbred meet.
A report that Calder Casino & Race Course is preparing to close its poker room could be an indication that Calder and South Florida neighbor Gulfstream Park will soon receive state approval for their deal on racing dates.
The Indiana Horse Racing Commission June 26 granted approval to Centaur, which owns the two racetracks in the state, to proceed with refinancing that won't impact slots revenue that goes to purses and breed programs.
The Pennsylvania racing fund, which pays for regulation of horse racing in the state, has been misused by the state Department of Agriculture and is close to bankruptcy, according to a state audit released June 18.
Iowa Gov. Terry Branstad May 31 signed into law a bill that will allow casinos to buy out dog racing, but there could be legislation in 2015 to hammer out simulcast revenue splits for Thoroughbred and Quarter Horse racing.
The horsemen's group at Mountaineer Casino, Racetrack & Resort has signed off on a plan to reduce racing days and the number of races at the West Virginia track later this year.
Iowa Gov. Terry Branstad said he is unsure whether he will sign legislation that would allow casinos to buy out Greyhound racing because of an objection raised by horse interests over full-card simulcasts.
The West Virginia legislature ended a short special session May 21 and apparently left more than $14 million in gaming revenue to purses and breed development programs for horse and dog racing intact for fiscal year 2015.
Gaming and Leisure Properties, a real estate investment trust spinoff of Penn National Gaming Inc., said May 14 it has an agreement to purchase The Meadows Racetrack and Casino in western Pennsylvania for $465 million.
The Florida Horsemen's Benevolent and Protective Association said May 9 it has given Gulfstream Park recommendations regarding a Gulfstream plan for ending head-to-head weekend racing with neighboring Calder.
Belterra Park Gaming & Entertainment Center, the former River Downs, began its first race meet May 8 with official ceremonies and about 3,000 racing fans on hand on a summer-like afternoon.
The New Hampshire House of Representatives said no dice to casino gambling again May 7, handing supporters their third defeat in two months and dashing hopes that live Thoroughbred racing might return to Rockingham Park.
An official with Fair Grounds Race Course & Slots assured Louisiana lawmakers May 6 that owner Churchill Downs Inc. will make the improvements required under a conditional license it received from state racing commission.
The Louisiana State Racing Commission April 29 granted a one-year conditional license to Churchill Downs Inc. for Fair Grounds. The company must provide a list of improvements to be made in the next 60 days.
As Suffolk Downs prepares to open its 2014 meet May 3, a heavy cloud of uncertainty about the future of live racing hangs over the sole surviving Thoroughbred racetrack in New England.
Churchill Downs Inc., which spent $600,000 in the first quarter of this year on another failed bid for casino gambling in Kentucky, believes the next opportunity to makes its case will come in 2016.
The Louisiana State Racing Commission has scheduled a special meeting for May 1 to consider the license Churchill Downs Inc. holds to operate Fair Grounds Race Course & Slots and a ring of OTB parlors with video poker.
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