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MEC to Proceed With Gulfstream Park Slots Parlor

  • News

Magna Entertainment Corp. said it intends to proceed with the development of a slot-machine facility at Gulfstream Park despite a decision by the Florida District Court of Appeal First District.

Stronach Touches on New York, Partnership With CDI

Magna Entertainment Corp. chairman Frank Stronach indicated his company hopes to be involved in New York racing on some level, and that it also is working with Churchill Downs Inc. on projects that will benefit the two companies and the industry at large.

'100% Purses' Plan Still in Running in Pennsylvania

A racetrack at which all revenue after expenses would go toward the racing product remains in the works and in the running for a license in Pennsylvania, but the individual spearheading the project said it remains to be seen whether it would be a Thoroughbred track without slot machines, or a dual-breed facility with slots.

MEC Alters Financing Deal for Gulfstream Slots Parlor

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Magna Entertainment Corp. has amended its project financing deal with MID Islandi to add bonds of up to $27.75 million to fund design and construction of a slot-machine facility at Gulfstream Park in South Florida.

Waiting for Logic

By Dan Liebman - From the belt buckles to the Longhorns, things are big in Texas. How's this for big--one billion dollars. That's billion, with nine zeros.

Magna, Florida Horsemen OK Slot Revenue Split

  • News

After months of wrangling, Magna Entertainment Corporation and the Florida horseman agreed Friday evening to the percentage of slots revenue that will increase horseracing purses at Gulfstream Park.

Ohio Horsemen Endorse 'Learn and Earn' Ballot Measure

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The three major horsemen's groups involved in racing in Ohio have all endorsed a proposed constitutional amendment to allow slot machines at the state's seven racetracks and two locations in downtown Cleveland.

Referendum Sought on Video Slots at Ohio Racetracks

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Gambling proponents announced a proposed constitutional amendment March 24 to allow video slot machines at the seven racetracks in Ohio. The proposal, which calls for slots at non-track sites in Cincinnati and Cleveland, would also allow voters in counties with racetracks to vote in four years on establishing full casinos with table games in those areas.

Casino Bill Clears Committee--But Racetracks Left Out

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A Kentucky House committee approved legislation March 15 to authorize a constitutional amendment on casino gambling, but the substitute measure--believed to have little or no chance of passage in the full House--makes no mention of racetracks or dedicated revenue for state programs, the lynchpins of legislation proposed by the Kentucky Equine Education Project.

Even With 'Smarty Slots,' Challenges Continue for Racetracks

It has been almost two years since Smarty Jones won the Kentucky Derby (gr. I) and slot machines were legalized in Pennsylvania. And while the horse has begun his career at stud, racetracks are still waiting for slots and may encounter some challenges when they finally get them.

Even With 'Smarty Slots,' Challenges Continue for Racetracks

It has been almost two years since Smarty Jones won the Kentucky Derby (gr. I) and slot machines were legalized in Pennsylvania. And while the horse has begun his career at stud, racetracks are still waiting for slots and may encounter some challenges when they finally get them.

Panelists: Racing Better as Part of Entertainment Package

Representatives of operations that have or will have gaming at racetracks left little doubt which half of the equation drives the financial engine, and they indicated marketing horse racing as an entertainment option rather than a gambling enterprise may be the way to go.

Bills: Vote on Table Games, Ban on Account Bets

West Virginia lawmakers are considering two bills--one that would prohibit account wagering, and another that would authorize county referendums on the addition of casino-style games at Thoroughbred and Greyhound racetracks.

Surface Woes Lead to Penn National Cancellations

Following the refusal of jockeys to ride the remainder of the live card after two races had been completed Jan. 7, Penn National Race Course in Grantville, Pa., announced Jan. 9 it would cancel live racing and training for this week while attempts are made to fix "inconsistent" portions of the racing surface.

Nine Out of 10 Kentuckians Want Chance to Vote on Gaming

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More than nine in 10 Kentucky voters (92 %) believe they should be given an opportunity to vote on a constitutional amendment allowing for casino gaming even if they are opposed to expanded gambling, according to the finding of a recent survey of 801 Kentucky voters conducted on behalf of KEEPĖœthe Kentucky Equine Education Project.

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