Magna Entertainment Corp. recorded a net loss of $25.4 million in the second quarter of 2004, but officials said the company continues to "see meaningful results" from cost-cutting initiatives and the work of its Continuous Improvement Team.
The Indiana Horse Racing Commission Aug. 2 rebuffed Indiana Downs' latest attempt to ban Kentucky Thoroughbred signals from all wagering outlets in the state.
Stevenson and Associates is in the process of lining up potential investors for SimulTech, a company formed to operate an offshore wagering hub that would accept bets on United States racing from foreign countries.
Churchill Downs' Louisville simulcasting facility remained without power July 15 in the aftermath of storms that hit the area the evening of July 13.
Maryland's Thoroughbred interests have reached agreement with Rosecroft Raceway, a harness track in southern Maryland, on a 90-day resumption of Thoroughbred simulcasting at Rosecroft and the return of night simulcasting at Laurel Park and Pimlico Race Course.
A stalemate between Thoroughbred and Standardbred horsemen in Ohio continued when the Ohio Harness Horsemen's Association declined a proposal by the Ohio Horsemen's Benevolent and Protective Association to submit to mediation to resolve financial issues tied to state law.
The Maryland Racing Commission adjourned April 21 after two days of hearings without resolving the ownership issue at Rosecroft Raceway or the simulcasting dispute between the Thoroughbred and Standardbred industries.
The Indiana Horse Racing Commission April 21 called for an economic impact study on the impact of having--or not having--Kentucky signals available at the state's racetracks and off-track betting parlors.
Maryland racetracks have laid off or are poised to lay off employees in the wake of a simulcast disagreement between the Thoroughbred and Standardbred industries.
Indiana Downs opened its second Thoroughbred meet April 16 with backstretch upgrades and more markets for its signal.
Meadowlands in New Jersey will team with Capitol Racing in California on a new Wednesday pick six designed to tie into all wagering outlets in the Golden State, where the bet traditionally has generated the most action.
Indiana Downs has once again asked the Indiana Horse Racing Commission to consider a proposal that could ban Kentucky signals from the state's wagering network.
Tampa Bay Downs continues to make sizable gains in terms of its live signal and on-track attendance, but on-track simulcast revenues are down because of a conflict involving Magna Entertainment Corp. and the New York Racing Association.
The Ohio Horsemen's Benevolent and Protective Association has refused to permit signals from Ohio racetracks to go to Indian casinos in Oklahoma, a move one Ohio racetrack official has questioned.
- By Ray Paulick
By Ray Paulick -- This year-end headline could not have gone unnoticed by anyone operating a racing stable--large or small--or by the leaders of organizations whose mission is to improve the economics of the Thoroughbred industry: 2003 Handle Up Slightly, But Purses Decrease.
River Downs near Cincinnati, Ohio, shut down its simulcasting operation Jan. 8-9 because the level of the Ohio River continues to rise, track officials said.
A two-month shutdown of Beulah Park was averted Dec. 18 when the Ohio Horsemen's Benevolent and Protective Association and track management agreed to at least negotiate revenue splits from account wagering. If no deal is in place by Feb. 10, horsemen will withdraw permission for Ohio's live racing product to be sent to account-betting providers.
Wagering outlets and tote providers that fail to comply with security and technological upgrades mandated by the proposed National Office on Wagering Security will find themselves on the outside looking in, officials said Dec. 12 as the University of Arizona Symposium on Racing wrapped up business for 2004.
A top casino official from Las Vegas believes pari-mutuel wagering has its place in casinos, but he believes that position could be jeopardized if the rates charged for signals make simulcasts cost-prohibitive.
Changes in first post time and fuller fields have produced pari-mutuel gains this season for Portland Meadows, which on Dec. 1 cleared the half-million-dollar mark in total handle for a program for the first time in 15 years.
Suffolk Downs and Rockingham Park have become the newest members of the MidAtlantic Cooperative LLC, the company announced Wednesday.
The Southern Racing Cooperative, currently in a dispute with the Churchill Downs Simulcast Network over fees charged for signals, said Nov. 17 it has been approached by 10 racetracks that want to join the organization.
The Woodlands, in Kansas City, Kansas, just completed its most successful meet in recent history. The track registered gains in live and off-track handle, as well as attendance, following its 30-day mixed meet which ran from Sept. 23 through Nov. 1.
The Ohio Horsemen's Benevolent and Protective Association has told regulators state laws favor the Standardbred industry to the point where Thoroughbred racing is unfairly paying millions of dollars at a time when it badly needs the money.
- By Ray Paulick
By Ray Paulick -- In an age of telephone and Internet betting and rebates the price of the signal must be re-examined.
Legislation designed to make it easier for New York tracks to coordinate racing schedules and sell their products jointly has been vetoed by Gov. George Pataki, who said the bill could "work to the detriment of New Yorkers who patronize horse racing and betting facilities."
State officials in North Dakota are calling for changes to the commission that oversees horse racing and a wagering business under investigation by state and federal authorities.
The Keeneland Association was awarded the 2003 Simulcast Award for best telecast production Sept. 30 at the International Simulcast Conference in Burlingame, Calif.
The National Horsemen's Benevolent and Protective Association continues to study the problems of offshore wagering and signal piracy and leakage, and hopes to have a plan in place by the time it meets for its winter convention in late January.
Extreme rain and lightening in the north Miami area Tuesday afternoon cause four races at Calder Race Course to be cancelled. Five live races were conducted before the jockeys expressed concerns about safety while the track maintenance crew continued to work on the track during the storm.
For the first time ever, racing fans in New York will be able to watch and wager on the entire Saratoga meeting this summer from Belmont Park. In the past, Aqueduct served as the Saratoga simulcast site.
Indiana Downs, located less than an hour from Hoosier Park, has reached a deal with the Churchill Downs Simulcast Network to import the May 3 Kentucky Derby, as well as signals from other CDSN tracks. Terms of the agreement weren't released.
Mountaineer Race Track & Gaming Resort, which was involved in a dispute with the Mountaineer Horsemen's Benevolent and Protective Association over a live racing and simulcast contract earlier this year, has announced an expanded live racing schedule for the remainder of 2003.
Churchill Downs Simulcast Network and the MidAtlantic Cooperative LLC have reached an agreement that authorizes MidAtlantic member tracks to accept simulcast and pari-mutuel wagering on CDSN products. The joint announcement was made by today by CDSN President Karl F. Schmitt Jr. and Martin Lieberman, executive director of the MidAtlantic Cooperative.
The Mid-Atlantic Cooperative and the Churchill Downs Simulcast Network continued negotiations April 24 in the wake of a standoff that threatens simulcast of the May 3 Kentucky Derby to wagering outlets in the Mid-Atlantic region.
Nearly a dozen members of the Kentucky Quarter Horse Racing Association gathered at the Kentucky state capitol rotunda in Frankfort March 27 and watched as Gov. Paul Patton signed ceremonial legislation that effectively paves the way for the sport to return to the Bluegrass.
Indiana Downs has battled winter weather to get ready for its first Thoroughbred meet, but officials believe things will fall into place by opening night April 11 and grand opening day April 12.
In a lawsuit filed in federal court, Gulfstream Park alleges Tampa Bay Downs is acting in violation of Gulfstream's exclusive contracts in the redistribution of simulcast signals to outlets in Florida.
California regulators, in an effort to stop out-of-state account wagering operators from taking bets from state residents, have excluded the Coeur d'Alene Casino in Idaho from importing upcoming meets at Bay Meadows and Hollywood Park. The manager of the casino said the situation would be resolved.
On March 29 Arlington Park will serve North and South America as the simulcast host for the Dubai World Cup, the world's richest race and the first of the 14-part International World Series Racing Championship.
A judge has given Mountaineer Race Track & Gaming Resort and the Mountaineer Horsemen's Benevolent and Protective Association until Feb. 21 to defend their positions in a dispute over a contract and racing dates.
The National Horsemen's Benevolent and Protective Association, in a white paper on simulcasting, has called for tighter security in the export of signals as well as a review of domestic and international wagering hubs.
Live racing is scheduled to return Feb. 4 to Mountaineer Race Track & Gaming Resort if track and weather conditions permit, though track management and the Mountaineer Horsemen's Benevolent and Protective Association remain at odds over aspects of their contract.
Patrick LePley, chairman of Washington's Horse Racing Commission, resigned the week of Jan. 15. The commission has been under attack since late December when Gov. Gary Locke included its reorganization in his proposed budget.
The National Horsemen's Benevolent and Protective Association, in an attempt to solidify revenue derived from pari-mutuel wagering, will soon release a comprehensive position paper that touches on everything from source-market fees to rebates.
Following nearly two days of testimony in the U.S. District Court of New Hampshire in Concord, but before it came to a judge's ruling, Rockingham Park, the New England Horsemen's Benevolent & Protective Association, and Suffolk Downs reached agreement Tuesday relative to the disbursement of simulcasting revenue.
The National Horsemen's Benevolent and Protective Association is trying to track where signals go and whether horsemen are getting the revenue to which they're entitled. Comments made during a Jan. 28 workshop indicated that process has a long way to go.
The Ohio Horsemen's Benevolent and Protective Association has called for changes in a formula it said cost Thoroughbred horsemen more than $13 million in 2001 alone. It planned to present a position paper to the National HBPA Jan. 29 during its winter convention.
Behind-the-scenes efforts to return Thoroughbred racing to Alabama met with a hint of allegations Jan. 28 that the Alabama Horsemen's Benevolent and Protective Association may not have racing's best interests at heart.
Due to the continued growth and success of Australian
simulcasting in North America, Wyvern International, the distributor of the Australian product in North America, has decided to offer racing to all simulcast outlets on Sunday evenings during the months of February and March.
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