Pinnacle Entertainment Inc. reported a reduced net income loss for the third quarter and said it's looking to expand into new markets while adhering to "disciplined capital-spend and return metrics."
Hoosier Park Racing & Casino in Indiana reported strong across-the-board gains for its 2010 meet that ended Oct. 24.
River Downs near Cincinnati, Ohio, has been sold to Pinnacle Entertainment, a gaming company that operates a casino in neighboring Indiana, according to sources close to the matter.
A Kentucky Horse Racing Commission committee is considering changes to the state's Breeders' Incentive Fund, money for which comes from a 6% sales tax on stud fees.
Beulah Park, which has changed hands several times in its long history, will open its 2010-11 meet Oct. 12 under the new ownership of Penn National Gaming Inc.
Officials said they are close to a deal to try to bring New York City Off-Track Betting Corp. out of bankruptcy protection, but that a final agreement is being blocked by several harness tracks in the state.
A positive day for horse racing at Turfway Park couldn't hide the fact the track's product, and the Kentucky horse racing and breeding industry in general, are suffering.
New Jersey lawmakers questioned the research behind a report on gaming and racing in the state Sept. 29 and suggested it left too many unanswered questions, particularly in regard to options for the horse racing industry.
Delaware Park has received mostly favorable feedback on its ontrack exacta bonus experiment, but its potential may be hard to gauge until it has a chance to grow.
Nine years after first being approved, the last major hurdle for the Aqueduct video lottery terminal casino project was cleared Sept. 13 when the state's chief fiscal watchdog gave his approval for the project.
A second "summit meeting" on horse racing and gaming was held in New Jersey Sept. 10.
Participants in The Jockey Club Round Table Aug. 22 in Saratoga Springs, N.Y., sought to convey optimism and opportunity in the face of declines in many facets of the Thoroughbred industry.
A recent poll indicates support for horse racing and racetrack gaming in New Jersey.
Total racing dates would continue to drop under 2011 requests submitted by Ohio's seven racetracks Aug. 19.
Though legislation to authorize electronic gaming continues to stall in Minnesota, Canterbury Park officials remain optimistic in the wake of a fairly stable second-quarter earnings report.
It has taken three governors four different tries, but Gov. David Paterson and legislative leaders made it official Aug. 17: Genting New York will be the operator of the Aqueduct video lottery terminal casino.
Remington Park in Oklahoma has a new owner and a new look for its 2010 Thoroughbred meet, which begins Aug. 19. More than $12 million will be spent on renovations, officials said.
Pari-mutuel handle on live and simulcast racing has increased at Hollywood Casino at Charles Town Races since casino table games were added to the mix at the West Virginia facility, officials said Aug. 4.
Churchill Downs has not decided whether to implement a form of Instant Racing should the VLT-like games be approved for Kentucky tracks, according to Churchill Downs Inc. president and CEO Robert Evans.
Harrah's Entertainment said July 28 it has completed its purchase of Thistledown near Cleveland, Ohio, from MI Developments.
A Kentucky judge is expediting the process by which various parties in the horse racing industry have requested a ruling on proposed administrative regulations involving Instant Racing.
After more than a year of delays, plans to outfit Ohio racetracks with thousands of video lottery terminals are on the fast track.
On the heels of a successful opening weekend at Ellis Park comes word of a few initiatives that, if they come to fruition, could generate or repurpose revenue for Kentucky racing. But will it be enough?
The Maryland Court of Appeals will hear an appeal by a citizens' group seeking to get a referendum involving slot machines in Anne Arundel County on the November ballot.
Suffolk Downs, celebrating its 75th season this year, has a vision for the future, and it's tied to expansion of gambling.
A transition team analyzing racing, gaming, and entertainment in New Jersey has been granted a one-month extension in making its recommendations.
A citizens' group will meet the evening of June 29 to discuss a court ruling that rejected a referendum on slot machines in Anne Arundel County, Md.
Indiana Downs, citing weather-related cancellations, will increase some overnight purses and state-bred supplements in open races 30% effective June 29. The meet ends July 14.
LetOhioVote.org said June 28 it has asked the state to remove its referendum on racetrack video lottery terminals from the November ballot, possibly clearing the way for gaming at Ohio's seven racetracks.
The Buckeye State welcomed two new racetrack operators June 23 as the Ohio State Racing Commission approved the sale of both Beulah Park and Thistledown, which are to be purchased by casino companies.
The number of states that permit racino gaming has grown from one in 1990 to 15 in 2010. Read Blog
Ohio racetracks are considering a push for a 2011 ballot issue that would ask voters to repeal the casino bill recently signed by Democratic Gov. Ted Strickland.
Officials and horsemen at Finger Lakes Gaming & Racetrack are livid over a 12% purse cut they say was necessitated by the ongoing financial difficulties of New York City Off-Track Betting Corp.
When Kentucky Gov. Steve Beshear and representatives of Breeders' Cup and Churchill Downs announced the track was selected to host the World Championships in 2011, the lawmaker who pushed for tax breaks wasn't on hand.
Churchill Downs announced June 8 it will raise overnight purses 10% effective June 12 for the final three weeks of its spring meet.
- By Tom LaMarra
Revenue from alternative forms of gaming now accounts for almost one-third of total Thoroughbred purses in United States, but despite a decrease in handle, the percentage of handle that goes to purses has remained steady.
When Indiana Downs didn't card a scheduled $75,000 stakes May 26 due to a shortage of entries, red flags were raised as to whether there was another reason the race wasn't run.
Harrah's Entertainment has ended up with Thistledown after all, but at a greatly reduced price.
MI Developments intends to offer Thistledown, the Ohio racetrack near Cleveland, for sale during a May 25 auction in New York.
Hialeah owner John Brunetti said he needs answers to questions before he starts making improvements--and spending more money--at the South Florida racetrack.
The May 13 Preakness Alibi Breakfast was for the most part lighthearted as usual.
MTR Gaming Group reported a net loss of $3.3 million for the first quarter of 2010 versus net income of $752,000 for the same period in 2009.
The Maryland Jockey Club, now operated by MI Developments, will be jointly operated by Penn National Gaming Inc. upon closure of the deal, the two entities announced May 7.
The New Mexico Gaming Control Board has revoked a gaming license for a planned racetrack casino in Raton near the Colorado border.
The Ohio Supreme Court unanimously ruled April 30 it's not illegal for Secretary of State Jennifer Brunner to try to determine the parties behind an organization that challenged a 2009 directive on racetrack gaming.
The U.S. Supreme Court has rejected an appeal in which Delaware sought to expand its sports betting lottery beyond professional football.
Hawthorne Race Course is touting legislation that would authorize slot machines at Illinois racetracks.
Prediction from a few racing industry executives: If you're a racetrack without slot machines, you're doomed.
Kentucky Senate President David Williams said April 27 issues in the horse racing and pari-mutuel industry are "complicated," but lawmakers intend to continue working on ways to strengthen the business.
The Ohio State Racing Commission met with four representatives from Penn National Gaming Inc. April 20 to question them on the proposed purchase of Beulah Park in Grove City, Ohio.
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