Gov. Andrew Cuomo said there is a big enough appetite for gambling in New York to permit the state to expand casino operations while protecting the interests of existing racetrack-based casinos.
With strong assistance from its video lottery terminal operation at Scioto Downs in Ohio, MTR Gaming Group greatly reduced its net loss for the first quarter of 2013 compared with the same period in 2012.
Millennium Gaming has upped its ante significantly for the casino project it hopes to develop at Rockingham Park, but the company hasn't decided whether live Thoroughbred racing will return should it win a gaming license.
Several of New York's racetrack gaming facilities would be first in line for full-scale casinos under legislation being finalized by Senate Republicans in the state legislature.
The Pennsylvania horse racing and breeding industry, currently concerned about a steady decline in the revenue it gets from slot machines, got some surprise public relations May 3 courtesy of the grade I Kentucky Oaks.
Illinois racing dates may be vacated and laboratory operations curtailed if the state legislature does not quickly reauthorize advance deposit wagering, Illinois Racing Board officials said April 30.
The West Virginia Racing Commission April 16 approved the expenditure of more than $2 million for projects and promotions at two racetracks.
The Ohio State Racing Commission April 16 once again deferred action on a proposal to transfer the River Downs meet to Beulah Park because horsemen and Penn National Gaming Inc. have no contract for the meet.
Members of the Ontario Public Accounts Committee passed a binding motion April 10 that calls for the Auditor General's office to investigate cancellation of the slots-at-racetracks program.
The Ohio Horsemen's Benevolent and Protective Association has informed Thistledown it won't grant the track approval to export its signal when live racing begins April 19 because it has no deal with horsemen on VLT revenue.
As the first Thoroughbred track in Ohio prepares to open its video lottery terminal facility, purses are up. But some longtime horsemen in the state are on a waiting list for stalls.
Republican Gov. John Kasich April 1 signed into law a transportation bill that includes an amendment that would facilitate transfer of the 2013 River Downs race meet to Beulah Park.
Purses paid at six racetracks in Pennsylvania in 2012 increased 1% while wagering on the live product was up 12% from the previous year, according to the latest benchmark report prepared by regulators.
The Ontario government said March 26 it has reached "tentative transition funding agreements" with Fort Erie and two harness tracks, Flamboro Downs and Georgian Downs.
Legislation creating the Kansas Agriculture Opportunity Act would lower the tax rate on electronic gaming machines in an effort to get racetracks to install them, and also increase the amount of revenue for purses.
The Ontario Horse Racing Industry Association said March 19 it is "working closely" with Ontario lawmakers to extend the slots-at-racetracks program in the province.
Woodbine Entertainment Group said March 8 it is "pleased" Ontario Premier Kathleen Wynne plans a stronger partnership between the province and horse racing industry. But it remains to be seen how much revenue is at stake.
MTR Gaming Group reported a 14.5% improvement in revenue in 2012 despite an increase in competition from other casinos, the company reported March 7 in its latest earnings report.
Legislation introduced in the West Virginia Senate March 6 calls for several statutory changes regarding racing, including a substantial reduction in the minimum number of dates a track must schedule each year.
The Pennsylvania Equine Coalition, noting another monthly loss in revenue from slot machines at racetrack casinos, predicts an overall reduction of $17 million in the Race Horse Development Fund for fiscal year 2012-13.
A Kentucky lawmaker said a General Assembly vote on a constitutional amendment on casino gambling hinges on several factors, none of which appear to be in place during the current legislative session.
Hoping to convince state officials to give them full-blown casino rights, New York's racino operators say their financial performance continues to improve and is outpacing percentage returns of casinos in nearby states.
Pinnacle Entertainment plans to begin construction on a new River Downs by the end of March, but the company remains mum on details about the planned Ohio racetrack casino.
Keeneland officials said they view their plan to build a Quarter Horse racetrack and entertainment center in southeastern Kentucky as part of an overall effort to improve the economics of the horse industry.
New Hampshire Governor Maggie Hassan ardently supported the expansion of gambling in the state when she included $80 million from a casino licensing fee in her budget proposal.
The Delaware Lottery has issued a request for proposal for its planned Internet gaming system, and the racing industry is negotiating a revenue split with the state and racetrack casinos.
Suffolk Downs will face much stiffer competition for the sole destination resort casino license designated for the Greater Boston area now that Foxwoods Resort Casino has entered the crowded field in Massachusetts.
Even if Rockingham Park were to win a casino license, a return of live Thoroughbred racing isn't guaranteed. It does remain part of the plan, said an official with a company that would pursue a license if gaming is legalized.
The Ohio State Racing Commission will consider a request from River Downs to move its 2013 meet to Beulah Park, agency chairman Robert Schmitz said Feb. 6.
A percentage of horsemen's revenue from slot machines in Pennsylvania will continue to go to the state's general fund and other programs under the fiscal year 2013-14 unveiled Feb. 7 by Gov. Tom Corbett.
Finger Lakes Casino & Racetrack has started construction on a $12 million expansion of its video lottery terminal facility.
The Florida Senate Committee on Gaming took more testimony Feb. 4 in an effort to shape future policy on expanded gambling in the state.
An Indiana lawmaker has introduced legislation calling for an independent report on the economic impact of the horse racing and breeding industry in the state.
The Massachusetts Gaming Commission took steps Jan. 30 to ensure the highest standards in both integrity and safety as the state's horse racing industry prepares to coexist with planned casinos in the near future.
Centaur Holdings said it is closer to winning complete regulatory approval of its plan to purchase Indiana Grand Casino & Downs.
Penn National Gaming Inc., which has a host of projects in the works, is taking a cautious approach to 2013 in the wake of a "soft" fourth quarter in 2012, company officials said Jan. 31 during an earnings teleconference.
The Delaware Thoroughbred Horsemen's Association said Jan. 31 it is "at an impasse in negotiations" with Delaware Park on a new contract.
The New York Senate's top Republican wants Belmont Park to be included in the list of possible casino expansion locations.
Overnight purses will increase 10% when Mountaineer Casino, Racetrack & Resort begins its almost 10-month racing season March 1.
The New York legislature's most powerful Democrat said Jan. 24 he would be open to further casino development at Aqueduct Racetrack, as well as several other specific locations in New York City except for Manhattan.
New York Gov. Andrew Cuomo wants to dip into purse accounts to take $1.5 million to $2 million per year for equine safety programs at the state's racetracks.
The Ohio Roundtable, an anti-gambling organization, asked the Franklin County Court of Appeals Jan. 17 to reject a decision by the Franklin County Common Pleas Court, which last year dismissed a lawsuit challenging VLTs.
The Ohio State Racing Commission put racetrack casino developers on notice Jan. 10 when, at a hearing, members expressed strong displeasure with the racing aspects of the proposed Miami Valley Gaming and Racing facility.
New York Gov. Andrew Cuomo is pushing lawmakers to pass the second required piece of legislation to allow up to seven new casinos in New York State.
A shift in slot machine revenue from horse racing to other programs in Pennsylvania is set to expire this summer, and the Pennsylvania Equine Coalition Jan. 8 urged lawmakers to honor the sunset provision.
Hollywood Casino at Penn National Race Course reported a 19.4% increase in all-sources pari-mutuel handle for 197 live racing days in 2012. Meanwhile, total purses jumped 11.6%.
Oral arguments have been scheduled on a public policy group's appeal of a ruling that it doesn't have the legal standing to sue over a 2011 law authorizing racetrack video lottery terminals.
In this age of racetrack casinos, the message is very clear: Increase the focus on pari-mutuel wagering and don't consider gaming revenue for purses and other programs an entitlement.
The awarding of 2013 Thoroughbred racing dates in Ohio has stalled given the fact the meet at River Downs may have to move to Beulah Park because of construction of a new racetrack gaming facility.
Two Pennsylvania racetrack gaming companies are among the six bidders for a license to build a non-racetrack casino in Philadelphia.
Most Popular Stories
- Big Three Clash in Rich Travers Stakes
- Close Hatches Dominates Personal Ensign
- California Chrome Sharpens Up at Los Alamitos
- Mark Valeski, Magna Graduate to Woodford
- Bayern Gallops 1 1/2 Miles On Eve of Travers
- Hootenanny, The Wow Signal to Meet in France
- Irish Surf Opts for Classic Over Del Mar 'Cap
- Chrome Set for Pennsylvania Derby Return
- Jerkens, Lukas, Durkin Honored at Saratoga
- Narniyn Seeks Breakthrough in Jean Romanet