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KY Horsemen Make Case to Legislators

More than 100 people who make their living in the Kentucky horse industry made their case to three Northern Kentucky legislators Feb. 16, and the message was clear: The economics must change or the state will lose a valuable asset.

Racetrack VLT Bill Clears Kentucky Panel

Revised legislation to authorize video lottery terminals at Kentucky racetracks unanimously passed out of a House of Representatives committee Feb. 12, but its sponsor is unsure the measure will be voted on by the full House during the current General Assembly session.

Issues Delaying VLT Casino at Aqueduct

Issues Delaying VLT Casino at Aqueduct

The company selected to operate video lottery terminals at Aqueduct said there are a host of unresolved issues, including restructuring its financing deal, before it can close on a final agreement with the state of New York to begin construction on the long-delayed facility.

PNGI 'Not Enthused' About Maryland Slots

After absorbing a $378.6-million loss in 2008's fourth quarter alone, Penn National Gaming Inc. posted an annual loss of $153.3 million for the year, and said while it isn't "enthused" about developing a potential new slots facility in Maryland, it will pursue those plans.

Laurel Slots Bid Called Into Question

In a jaw-dropping revision, Maryland received requests for far fewer slot machines in five license proposals than previously thought, and two of the six bidders -- including Laurel Park owner Magna Entertainment Corp. -- failed to pay $22.5 million in required up-front fees, a state official said Feb. 3.

Colorado Horse Groups Make Case for Bill

Horsemen from all parts of Colorado rallied at the state capitol Jan. 20 to support efforts by the horse industry to pass legislation designed to revitalize the economics of the industry in Colorado through advance deposit wagering and Instant Racing.

Texas VLT Bill Ready to Be Filed

When the Texas legislature convenes Jan. 13, a bill to legalize alternative gaming at the state's racetracks is ready to be filed. The Texas racing industry has angled for video lottery terminals for the past decade, but in 2009, business will not be as usual.

Is Racing Using Its Slots Money Wisely?

Is Racing Using Its Slots Money Wisely?

As hundreds of millions of dollars in revenue from slot machines flows to horse racing, there is growing sentiment that perhaps the racing industry is failing to capitalize on the new wealth by solely pumping money into purses and breed development programs.

Instant Racing Called Quick Fix for Ohio

A study released by Ohio State Racing Commission offers a short-term action plan and a long-term strategy for the struggling horseracing industry in the Buckeye State, but one racetrack official said the quickest fix lies with the pen of Gov. Ted Strickland.

Ohio Creates Equine Advisory Task Force

Just days before Ohioans vote on whether to authorize a constitutional amendment allowing for a casino in southwestern Ohio, the state Department of Agriculture announced an 11-member Equine Industry Advisory Task Force charged with promoting and strengthening the state's horse industry.

KY Identifies Problems, But Needs Money

The Governor's Task Force on Racing in Kentucky is close to preparing and releasing a report pinpointing problems and offering recommendations that ultimately will require a lot of money -- something in short supply given an ongoing budget crunch.

Advice: Embrace 'Whales,' Close Tracks

This year's International Simulcast Conference opened Sept. 29 with some advice to the horseracing industry: Embrace the "whales" and computer-assisted wagering, and close some tracks to help improve the product at those that remain.

PA Report: Purses Up, Handle Share Down

PA Report: Purses Up, Handle Share Down

Total purses earned at Pennsylvania racetracks jumped 162% from 2006 to 2007 because of revenue from on-track slot machines, while the percentage of purses earned from pari-mutuel wagering dropped substantially during the same period, according to the Pennsylvania Gaming Control Board's first "benchmark report" on the impact of slots on pari-mutuel wagering.

Groups Say Ellis Park Closure a Symptom

Groups Say Ellis Park Closure a Symptom

The TRA and KEEP have weighed in on the announced closure of Ellis Park in western Kentucky. They blame lack of a long-term, industry strategy on advance deposit wagering, and inability to compete with other states, respectively.

Court: FL Governor Exceeded Authority

The Supreme Court of Florida ruled July 3 that Gov. Charlie Crist exceeded his authority last November when he signed a compact that has permitted the Seminole Tribe of Florida to have Class III Las Vegas-style slot machines, blackjack, and baccarat.

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