All five remaining bidders for the Aqueduct gaming project said they have met a Nov. 6 deadline to guarantee a quick $200-million payment to the state of New York if they are chosen to develop the video lottery terminal casino at the Queens racetrack.
Yesterday
Republican Kentucky Sen. Damon Thayer has prefiled legislation calling for a constitutional amendment to authorize racetrack video lottery terminals.
Yesterday
Ohio voters Nov. 3 approved casinos on the fifth try by gambling supporters in the past two decades, and Democratic Gov. Steve Beshear immediately issued a statement saying Kentucky must respond.
3 days ago
The president of Churchill Downs Inc. said he believes recent developments with the makeup of the Kentucky General Assembly are positive and could help lead to legalization of video lottery terminals at racetracks in the state.
Friday, October 30, 2009
Indianapolis-based Centaur, which owns Hoosier Park Racing & Casino in Anderson, Ind., recently missed interest payments and has defaulted on loans in excess of $400 million.
Friday, October 30, 2009
Delaware Park raced 27 fewer days this year but registered increases in total handle and average daily handle, track officials said Oct. 28.
Thursday, October 29, 2009
The Florida Division of Pari-Mutuel Wagering Oct. 27 approved Hialeah Park's application to hold a 40-day Quarter Horse meet beginning Nov. 28.
Wednesday, October 28, 2009
A plan by Mountaineer Casino, Racetrack & Resort to offer the statutory minimum of 210 racing dates but race only eight months instead of year-round has met with opposition from horsemen and others in the community.
Wednesday, October 28, 2009
California Thoroughbred racetracks, subject to regulatory approval, could increase pari-mutuel takeout -- return less money to bettors -- and change how the revenue is distributed under legislation signed into law Oct. 23 by Republican Gov. Arnold Schwarzenegger.
Tuesday, October 27, 2009
Republican Sen. Dan Kelly, a member of the Senate committee that killed racetrack gaming legislation during a special General Assembly session earlier this year, was appointed by Democratic Gov. Steve Beshear as an 11th Judicial Circuit judge.
Monday, October 26, 2009
Churchill Downs and Kentucky horsemen have reached a three-year agreement that sets purse payments, establishes purse supplements and ends a legal dispute that began in the spring of 2008.
Saturday, October 24, 2009
Charles Town Races & Slots said Oct. 22 it has broad support from Thoroughbred owners and breeders for a Dec. 5 referendum to authorize the West Virginia racetrack to add casino-style table games, but issues that divide management and horsemen remain.
Friday, October 23, 2009
Kentucky's horse racing and breeding industry plans to stand its ground in the wake of a proposal for a constitutional amendment on gaming some have characterized as a politically-motivated stall tactic.
Thursday, October 22, 2009
Calder Race Course is preparing marketing plans for poker and a casino president and general manager Tom O'Donnell expects will attract a significant number of customers from some nearby pari-mutuel facilities and tribal casinos in southeast Florida.
Wednesday, October 21, 2009
Jockeys' Guild national manager Terry Meyocks, formerly an executive with the New York Racing Association, will seek the Kentucky Senate seat currently held by Republican Alice Forgy Kerr in the November 2010 election.
Wednesday, October 21, 2009
Another showdown is brewing over whether Michigan racetracks should be allowed to open casinos in an effort to revive their struggling businesses. A group called Racing to Save Michigan wants voters to decide the issue in November 2010, and on Oct. 14, the Michigan Board of State Canvassers unanimously approved the form of a petition the group plans to circulate within the next six weeks.
Thursday, October 15, 2009
If the horseracing industry fails to make voluntary changes it has resisted for decades, the only things that may save it from doom are involuntary changes brought on by forces in the gambling and entertainment marketplace, officials said Oct. 13.
Tuesday, October 13, 2009
Democratic Gov. Ed Rendell has signed into law a budget for Pennsylvania that reduces the share of revenue horse racing gets from slot machines by about 17% over four years.
Monday, October 12, 2009
Pro-racetrack gaming forces in Ohio have taken a strong stand in opposition to a November referendum on full casino gambling in the state's four largest cities.
Tuesday, October 06, 2009
Democratic Ohio Gov. Ted Strickland Sept. 30 put his plan for racetrack video lottery terminals on hold indefinitely in light of a recent state Supreme Court ruling and a need to balance the state budget.
Wednesday, September 30, 2009
Penn National Gaming Inc., believed to be facing an uphill battle in the bidding wars to develop a video lottery terminal casino at Aqueduct, has offered the cash-starved New York state government $250 million in a non-contingency, upfront payment for the exclusive contract and believes it's still in the hunt for the project.
Wednesday, September 30, 2009
Negotiators in New York have tentatively narrowed down the bidding list to three entities to run the long-delayed video lottery terminal casino at Aqueduct, and a final decision could come as early as the week of Sept. 28.
Friday, September 25, 2009
Hialeah Park has filed applications for Quarter Horse racing dates, telling the Florida Division of Pari-Mutuel Wagering it plans to run a 20-day meet late this year and another 20-day meet early in 2010.
Tuesday, September 22, 2009
Democratic Ohio Gov. Ted Strickland indicated Sept. 21 his administration is preparing to take the "next steps" in the wake of an Ohio Supreme Court ruling that says a statewide referendum is required before the state implements racetrack video lottery terminals.
Tuesday, September 22, 2009
Lane's End Farm general manager and prominent Republican Bill Farish said the Kentucky horse industry "will continue to hold our elected officials accountable, and we will not stop working until our state government gets out of the way and allows us to have the tools necessary to compete."
Monday, September 21, 2009
Gulfstream Park reported Sept. 21 that revenues for its slot, poker and simulcasting components increased in August, while business at competing racinos in Broward County posted declines.
Monday, September 21, 2009
The Ohio Supreme Court Sept. 21 gave opponents of installing video lottery terminals at racetracks the chance to ask voters to repeal the plan.
Monday, September 21, 2009
A Delaware bankruptcy judge approved the sale of Magna Entertainment Corp.-owned Thistledown in Ohio to Harrah's Entertainment for $89.5 million and Remington Park in Oklahoma City for $80.25 million to a Chickasaw Nation subsidiary. An agreement also has been reached to sell Lone Star Park for $27 million.
Tuesday, September 15, 2009
Delaware has asked the full Third U.S. Circuit Court of Appeals to revisit a decision made by a three-judge panel to authorize only limited sports betting at three racetracks in the state.
Tuesday, September 15, 2009
Kentucky Senate President David Williams has continued a war of words with leading Democrats over the politics surrounding proposed racetrack gaming in Kentucky. But Williams, a Republican, has also apparently drawn the ire of Kentucky's top GOP leader.
Tuesday, September 15, 2009
Hoosier Park Racing & Casino has announced purse increase that has put purses about 20% higher than they were when its meet began July 30. Thus far, the Indiana track has paid about $30,000 more a day than Turfway Park in neighboring Kentucky.
Monday, September 14, 2009
Delaware Park and the Delaware Thoroughbred Horsemen's Association have agreed to shave seven days from the track's 2009 racing schedule because of a decline in revenue from video lottery terminals. The change must be approved by the Delaware Thoroughbred Racing Commission.
Saturday, September 12, 2009
Sports betting launched at three Delaware racetracks Sept. 10, but officials are unsure how much revenue limited parlay wagering will generate.
Friday, September 11, 2009
Ellis Park, the western Kentucky racetrack that's on the fence for 2010, reported healthy gains in on-track business but a big drop in total handle after 20 days were cut from its 2009 meet.
Wednesday, September 09, 2009
The Ohio State Racing Commission has approved 2010 racing dates for two Thoroughbred tracks, but the facilities still have no agreement with horsemen on the schedules.
Friday, September 04, 2009
United States Sen. George Voinovich used biblical verse Sept. 3 to blast gambling proponents, including Ohio Democratic Gov. Ted Strickland, who is an ordained minister. Voinovich spoke while announcing a new lawsuit challenging implementation of racetrack video lottery terminals in the state.
Friday, September 04, 2009
A document submitted Sept. 1 suggests Penn National Gaming Inc. is underwriting an effort to overturn racetrack video lottery terminals legalized by Democratic Gov. Ted Strickland and the Ohio legislature in July, but the Pennsylvania-based company said the information is false.
Wednesday, September 02, 2009
Florida Gov. Charlie Crist and the Seminole Tribe of Florida signed a gaming compact Aug. 31 that has some significant changes from a gaming law Crist and the Florida legislature approved earlier this year.
Tuesday, September 01, 2009
Kentucky horsemen are hoping "light at the end of the tunnel" could help facilitate a contract for the upcoming Turfway Park meet.
Thursday, August 27, 2009
Following the June demise of expanded gambling in the legislature, representatives of Kentucky's horse industry vowed to take a more aggressive role in statehouse campaigns. The industry's involvement in a special state Senate election in eastern Kentucky Aug. 25 is proving the threat wasn't hollow.
Sunday, August 23, 2009
The Ohio State Racing Commission voted Aug. 20 to officially oppose a November referendum to authorize full casino gambling in the state's four largest cities.
Thursday, August 20, 2009
The Ohio State Racing Commission Aug. 20 brought the grade II Ohio Derby back to the schedule this year by ordering a reduction of five live racing days at Thistledown, traditional host for the only graded stakes in the Buckeye State.
Thursday, August 20, 2009
Five of seven Ohio racetracks failed to have their 2010 applications for dates approved because they don't have an agreement with horsemen or have other conflicts; several requested fewer racing dates than were scheduled for this year; and one facility indicated it wouldn't mind closing its barn area.
Thursday, August 20, 2009
Hoosier Park Racing & Casino will raise purses 12% beginning Aug. 19, citing a "conservative approach" taken with the purse account when the meet began in late July.
Wednesday, August 19, 2009
With Ellis Park considering closing its doors, the Kentucky Equine Education Project is organizing a "Forever Ellis!" rally Aug. 22 at the racetrack as a way for horse industry enthusiasts to show their support for the nearly 90-year-old facility and the entire equine industry in the state.
Thursday, August 13, 2009
MTR Gaming Group, which cut jobs and corporate expenses in the past year, released improved financial results for the second quarter of 2009 and said it's poised for growth in Ohio, where racetrack video lottery terminals have been authorized.
Thursday, August 13, 2009
A reduction in stakes purses for its upcoming meet will allow Turfway Park to maintain overnight purses and racing days, but track officials are thinking ahead to 2010, when that probably won't be the case.
Tuesday, August 11, 2009
Penn National Gaming, Inc. said Aug. 6 it will request to hold a special December referendum for table games at Charles Town Races & Slots.
Friday, August 07, 2009
All-sources handle at Calder Race Course rose 48%, from $131.4 million to $195 million, during this year's second quarter, according to parent company Churchill Downs in a report to the Securities and Exchange Commission. But Calder's handle for the quarter ended June 30 was 22% below its handle of $249 million for the second quarter of 2007.
Thursday, August 06, 2009
Wagering on racing in the United States continued its negative trend in July, with a 13.4% decline from the same month last year. Purses dropped 7.35%.
Wednesday, August 05, 2009
