Schwarzenegger

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Calif. Track Slot Revenue Speculation On Rise

Speculation that a revenue sharing agreement could result in California between racetracks and tribal casinos over slot machines increased this week after a lawsuit on behalf of five tracks filed last year against Gov. Arnold Schwarzenegger was dropped May 25.

Slot the Vote

By Ray Paulick -- Comedian George Carlin would have you believe that "paper or plastic" and "aisle or window" are the only real choices in America these days. With important national, state, and local elections coming up Nov. 2, I beg to differ.

Takeout Increase Gains Calif. Assembly Nod

A bill aimed at easing the strain of workers' compensation insurance costs for California horsemen by raising pari-mutuel takeout on exotic wagers by a half of a percentage point cleared the state Assembly by unanimous vote May 3. It is headed to Gov. Arnold Schwarzenegger for his signature.

Gambling Expert Sheds Doubt on Calif. Slots Plan

A California gambling authority told a group of satellite wagering representatives Monday that he believes a racetrack-sponsored slot machine initiative has little or no chance of passage should it qualify for the November ballot.

Calif. Takeout Bill Could be Signed This Week

California racing officials are hopeful that Gov. Arnold Schwarzenegger will sign legislation this week that would increase the takeout on exotic wagers by a half of a percentage point to help offset rising workers' compensation insurance premiums.

Year Book

By Ray Paulick -- Let's hope other track operators have learned something from the NYRA investigation. Meanwhile, a review of other top events of '03 shows optimism for the New Year within racing, breeding, and auction sectors of the industry.

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