Riverboats

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Illinois Casinos File Suit Over Subsidies to Horse Racing

Some $35 million a year in subsidies promised to the Illinois racing industry in recently passed legislation appears headed for court rather than the tracks. The situation threatens to become a replay of events that derailed an even bigger subsidy approved seven years ago.

Prairie Meadows Rental Agreement is Approved

The Polk County, Iowa, board of supervisors voted unanimously in favor of a five-year, $100 million rental agreement with the operators of Prairie Meadows Racetrack and Casino.

Chicago Casino Deal in the Works?

MGM Mirage could take over efforts to build a riverboat casino in Rosemont, Ill., near O'Hare International Airport that would pump tens of millions of dollars into the horse racing industry.

Churchill Increases Political Contributions to Kentucky Lawmakers

Churchill Downs stepped up its political contributions to Kentucky legislators in recent months, sending checks totaling nearly $50,000 to lawmakers in the three months leading up to the 2002 General Assembly, according to a published report in the Louisville Courier-Journal.

Keeneland Not Immune From Simulcast Decline

Simulcast handle at most Kentucky racetracks has fallen or remained static in each of the past several years. An exception has been Keeneland, which experienced nine consecutive years of growth through 2000, when the amount wagered on simulcasts topped a record $104 million.

Indiana Riverboats Lose Effort to Get Dockside Gambling

Efforts by Indiana riverboat casino interests to get approval of dockside gambling fell short when the Senate Rules Committee voted 5-3 against the legislation. According to published reports, one factor in the bill's failure was an amendment that deleted authorization for pull-tab gaming at Churchill Downs-managed Hoosier Park and off-track betting sites in the state. The amendment also did away with a proposed OTB site in the resort area of French Lick.

Illinois Riverboat Plans On Hold

They fired up the boiler and tooted the whistle but the riverboat casino that's supposed to pour millions of dollars into Illinois racing still hasn't been able to get up a head of steam. And, after the latest setback before the Illinois Gaming Board, it appears it could be many months -- or even years -- before the boat floats.

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