Penn National Gaming Inc. said March 16 it has reached an agreement with Republican Ohio Gov. John Kasich to relocate two racetracks in the state to capitalize on video lottery terminals in new markets.
The Pennsylvania Horse Conference served as platform for racehorse owners, breeders, and trainers to tout support from several lawmakers who oppose a plan cut gaming revenue to purses and breed development programs.
Just two days after the Ontario Lottery and Gaming Corp. announced it will end the slots-at-racetracks program in the province in March 2013, it acted swiftly by revealing that slots parlors at three tracks will close.
A proposal floated by Jeff Gural, who leases Meadowlands and operates two racetrack casinos in upstate New York, to use a percentage of gaming revenue for other pro-racing programs has support among USTA members.
The Ontario provincial government said March 12 it will be ending payments to racetracks through the slots-at-racetracks program in March 2013. The result could mean potential closures for many of the province's 17 tracks.
Ohio horsemen are lobbying the state Senate to alter language in House-passed legislation that would shift pari-mutuel revenue for breeding funds to municipalities that host racetracks.
The Pennsylvania horse racing and breeding industry, which could lose about $70 million a year in gaming revenue under the proposed state budget, has organized a conference geared toward educating lawmakers.
Stakes purses at the Belmont Park and Saratoga meets this year will increase roughly 27%, while overnight purses will jump about 42%, the New York Racing Association said Feb. 29.
Mountaineer Casino, Racetrack & Resort will begin its 10-month meet March 2 with some upgrades and increased promotion, but officials also are keeping an eye on neighboring states as they expand gambling opportunities.
New York's nine racetracks, which are lobbying to expand their businesses into full-fledged casinos, claim 8,200 permanent jobs would be created if they are permitted to enhance their gaming operations.
A Kentucky senator who chairs a committee that passed a constitutional amendment on expanded gambling Feb. 22 said he will oppose a call to have the bill voted on by the full Senate Feb. 23.
Oral arguments on a lawsuit filed to stop the installation of video lottery terminals at Ohio racetracks has been postponed to give interested parties a chance to intervene.
The Pennsylvania Equine Coalition has blasted a budget proposal by Gov. Tom Corbett to take roughly $72 million in each of the next three years from the Pennsylvania Race Horse Development Fund to pay for other programs.
Legislation that would divert gaming revenue for horse racing to other sources has been introduced in Maryland, and in Pennsylvania the governor has taken similar action in his 2012-13 state budget.
The New Hampshire House of Representatives will take up expanded gambling when a full vote on HB593 comes to the floor Feb. 8 and passage could bring the return of live Thoroughbred racing one step closer.
Penn National Gaming Inc. now plans to request to move Beulah Park near Columbus, Ohio, to a site near Youngstown rather than Dayton, according to its latest financial report.
Kentucky Gov. Steve Beshear said Jan. 31 he expects a casino gambling amendment to be introduced "in a few days," and again accused Republican Sen. President David Williams of attempting to derail the process.
A central Ohio racetrack is the first of seven tracks in the state to receive a license to install and operate video lottery terminals.
A study commissioned by a partnership of Kentucky horse racing interests shows that casinos at eight racetrack locations would have a first-year economic impact of $1.7 billion.
Efforts to facilitate installation of video lottery terminals at Ohio racetracks continued to quicken Dec. 22 when a public policy group that filed suit over VLTs was given a deadline to respond to motions to dismiss.
The parent company of Mountaineer Casino, Racetrack & Resort in West Virginia and Presque Isle Downs & Casino in Pennsylvania is the first to apply for a video lottery terminal license in Ohio.
Despite taking a financial hit because of a state-imposed shutdown during its live race meet this summer, Canterbury Park will stay the course with its regular schedule in 2012.
The Massachusetts legislature Nov. 16 passed a bill authorizing casinos in the state, and Gov. Deval Patrick is expected to sign it.
Legislation authorizing slot machines at racetracks has stalled again as the Illinois General Assembly extended its fall session until after Thanksgiving.
A report on Kentucky's Thoroughbred breeding industry and related state programs that support it financially shows continued strength in quality despite decreases in funding and competition from gaming states.
Racetrack casino operators in New York are lobbying hard to protect their interests in anticipation of a potential gambling expansion and tighter licensing procedures in 2012
Suffolk Downs will offer its richest stakes since 2008 on Oct. 22 amid a sense of optimism brought about by passage of legislation that gives it a chance to be awarded a license for a resort casino.
An amendment to eliminate a slot-machine facility that would dedicate 9% of gross revenue to the horse racing industry in Massachusetts as part of expanded gambling legislation was killed in the Senate Oct. 6.
If the Ohio Supreme Court were to rule that video lottery terminals can't be installed at racetracks in the state, attempts to move tracks to new locations would be dropped.
Historic Hialeah Park won another court round in its effort to match casinos at Gulfstream Park and Calder Casino & Race Course.
Racetrack gaming has poured money into the pari-mutuel industry but shouldn't be viewed as a savior, panelists said Oct. 4 during the 2011 Global Gaming Exposition in Las Vegas.
Racetracks across New York Sept. 7 will unveil a plan to amend the state constitution to permit them to offer a complete array of casino gambling as part of a proposal they say will raise revenue for the state and industry.
Amid the uncertainty of reception in the marketplace and a lingering legal challenge, Kentucky Downs officially christened expanded pari-mutuel wagering via Instant Racing machines during an evening reception Aug. 30.
The Illinois Racing Board Aug. 30 referred to staff a request by a horsemen's group to require racetracks to hold newfound purse money in segregated, interest-bearing accounts.
Hialeah Park has hired Steve Calabro, a former Gulfstream Park president, for its new position of director of gaming, and believes the courts will uphold its plans to open a casino with slots and a poker room.
The horse racing industry in Massachusetts would get a much-needed shot in the arm according to the terms of a new expanded gambling bill filed by legislators Aug. 23.
A racing regulator in Ohio said Aug. 21 it will be the middle of October for a decision is made on allowing Penn National Gaming Inc. to transfer the racing licenses of its two tracks to other locations.
With expectations that funding for the New York-bred program will increase about 100% by 2014, officials hope to strike a balance with plans to expand its offerings and rewards for owners and breeders.
Legislation authorizing the privatization of Monmouth Park and Meadowlands as well as a period of joint operation with the New Jersey Sports and Exposition Authority has been signed into law by Gov. Chris Christie.
MTR Gaming Group, which recently received approval to refinance its debt, reported net income of $2.3 million for the second quarter of 2011. For the same three months in 2010, the company posted a net loss of $500,000.
Penn National Gaming Inc. reported solid numbers for the second quarter of 2011 and said it expects good things from existing and potential properties despite increased competition.
Canterbury Park officials are biting at the bit to reopen July 21 after a state-imposed shutdown that lasted 20 days, but they indicated revenue losses have been serious.
With Republican Gov. John Kasich preparing to sign legislation authorizing racetrack video lottery terminals and horse industry representatives already discussing strategy, a public policy group is ready to fight the plan.
In a flurry of activity June 28 both houses of the Ohio General Assembly passed legislation allowing racetracks to apply for video lottery terminal licenses.
Prairie Meadows Racetrack & Casino June 24 approved a new eight-year lease with Polk County that will pay the county $26 million in each of the first three years and perhaps more after that.
The Ohio House of Representatives June 23 passed legislation authorizing the relocation of racetracks that are eligible for video lottery terminal licenses.
The Ohio Roundtable, a public policy organization, said an agreement between Republican Gov. John Kasich and casino developers that includes a provision for racetrack gaming is a "clear violation" of Ohio law.
Churchill Downs has raised purses for its spring meet again, this time by 15% effective June 16. A 10% purse hike was announced June 3 at the Kentucky racetrack, whose meet continues through July 4.
Ohio Gov. John Kasich's "comprehensive gaming review agreement" includes provisions for the Ohio Lottery Commission to award racetracks licenses to operate video lottery terminals.
Ohio Gov. John Kasich has reached an agreement that will resume construction on casinos in Cincinnati and Cleveland -- and according to published reports permit video lottery terminals at the state's seven racetracks.
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