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KEEP Releases Plan for Racetrack Casino Revenue

The Kentucky Equine Education Project began lobbying in earnest for its racetrack casino plan with a letter to more than 3,200 community officials outlining how the state's share--a projected $437.5 million a year--from gaming would be spent under proposed legislation.

MEC Reports Loss; Has Deal to Sell Pennsylvania Operation

On the same day it reported a third-quarter loss of $34.5 million, Magna Entertainment Corp. announced it entered into a deal to sell its Pennsylvania operation--The Meadows harness track and a ring of off-track betting parlors in the western part of the state--to Millennium Gaming and Oaktree Capital Management for $225 million.

Massachusetts Racing Industry Rallies for Hearing

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The Massachusetts horse racing industry is taking a day off Sept. 28 to show its support during a hearing in the state House of Representatives on legislation that could impact the industry.

KEEP Supports Casinos at Licensed Racetracks

The Kentucky Equine Education Project announced its support Sept. 16 for a referendum to amend the state constitution to allow for casino gambling at licensed racetracks. But details of the plan won't be in the form of legislation until Jan. 1, 2006, and officials admitted the final document will be subject to revision.

KEEP Sets Date to Unveil 'Legislative Initiative'

The Kentucky Equine Education Project will unveil what it calls a "bold legislative initiative aimed at increasing the state's revenue for critical services without a broad-based tax increase" Sept. 16 on the steps of the State Capitol in Frankfort.

KEEP Board Votes on Expanded Gaming Position

With a fall awareness campaign and the 2006 General Assembly session looming, the board of directors of the Kentucky Equine Education Project voted Sept. 7 on its ultimate position on expanded gambling in the state.

Kentucky Scholarships Generate Talk of Gaming

An Aug. 26 presentation on the status of the Kentucky lottery and a scholarship fund that derives money from it led to a call for more funding, even if it means legislators would have to approve expanded gambling to generate the revenue.

MEC Hopes to Identify Partners This Year

Magna Entertainment Corp. expects to have partners lined up for some of its pending racetrack gaming operations before the end of this year, and hopes to have a presence in Nevada, where account wagering could be offered in the future.

Texas Industry Still Hoping for Gaming Vote

The regular session of the Texas legislature concluded without tossing so much as a crumb toward horse racing, but the state's racing industry remains hopeful lawmakers could soon consider video lottery terminals for racetracks.

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.

Texas VLT Push Stonewalled at Last Minute

A last-ditch attempt to get video lottery terminals included in legislation that would reorganize the Texas Lottery Commission was unsuccessful May 26. With the Texas legislative session coming to an end, the VLT plan will have to wait for a special session or the 2007 legislative session.

Maryland Regulators Call for Legislative Help

The Maryland Racing Commission, which seldom delves openly into politics, has expressed its disappointment with the state legislature for failing to help the racing industry in the recently concluded legislative session.

KEEP Works on Gaming Strategy; Could Shift Staff

The Kentucky Equine Education Project, formed about a year ago and already with a legislative feather in its cap, seems poised to push for alternative gaming in 2006 but its board of directors must be united in the course of action, the organization's chairman said.

Florida Lawmakers Differ on Slots, Tax Rate

The Florida House voted May 2 to limit Broward County pari-mutuel facilities to bingo-based gambling machines rather than traditional slot machines and to take 55% of the revenue in taxes. The Senate, meanwhile, wants regular slot machines and a much lower tax rate.

MEC Banks on Profitability--and Slots--by 2007

Magna Entertainment Corp., which registered a $25-million decline in net income in the last year, expects to post a net loss for 2005 but is banking on profitability--and operation of slot machines in three states--by the end of 2007.

Delaware Park to Offer Its First $1M Stakes

Delaware Park, which was the early proving ground last season for four probable contenders in the May 7 Kentucky Derby (gr. I)--Afleet Alex, Bellamy Road, Closing Argument, and High Limit--will offer its first $1-million race during a 135-day meet that kicked off April 30.

New Evangeline Downs Breaks From Gate

The Louisiana horse racing industry continued its forward movement the evening of April 7 when the 7-year-old gelding Attakapa, appropriately bred in Louisiana, won the first Thoroughbred race at the new Evangeline Downs Racetrack & Casino.

Old Gives Way to New at Evangeline Downs

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Evangeline Downs Racetrack & Casino, the first racino built from scratch, will kick off its first Thoroughbred meet April 7 with record overnight purse distribution and an expanded stakes schedule.

New York Lawmakers Approve VLT Changes

The New York legislature has given final approval to a measure to increase the share of video lottery terminal revenue for racetracks, as well as jump-start the long-stalled VLT casinos at Aqueduct and Yonkers Raceway.

Illinois Governor Floats Idea of Gaming Expansion

Illinois Gov. Rod Blagojevich, after long opposition, has opened the door to the expansion of gaming. But his education-funding proposal doesn't specifically include the new casinos and support for racetracks that would make it politically viable in the state House and Senate.

New York Legislators Push VLT Budget Measure

The Republican-led Senate and Democratic-run Assembly in New York have introduced legislation to sweeten the pot for racetracks with video lottery terminals, though the measure restricts the amount of extra money that would go to Aqueduct and Yonkers Raceway compared to other tracks.

Horsemen, Breeders Buy Time, Wait for Slots

With handle in January down about 9% from the same period in 2004, Philadelphia Park said its year-to-date purse overpayment has reached $1.9 million because of a commitment to boost purses while it waits to install slot machines. Meanwhile, the Pennsylvania Horse Breeders Association finished 2004 in the black, but not without some adjustments.

New York Lawmakers Said to Have VLT Deal

Lawmakers in New York have agreed to repair a state law that has kept Aqueduct and Yonkers Raceway from opening their video lottery terminal casinos in a deal that will bring the state up to $1 billion in revenue each year.

Ohio Gaming Supporters Want Statewide Poll

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Gambling interests have agreed to poll Ohio voters on the issues of casinos and video lottery terminals at racetracks in the state. The decision came during a March 24 meeting loosely dubbed the Ohio Gaming Summit.

New York VLT Bills Approved by Senate

Seeking to prod along negotiations, the New York Senate approved two bills March 17 designed to open long-stalled video lottery terminal casinos at Aqueduct and Yonkers Raceway, believed to be New York's most lucrative racetracks for gaming.

CDI: No Hollywood Comment Pending Deliberations

Churchill Downs Inc. officials discussed the company's financial picture, alternative gaming initiatives, and the industry's tote system during a March 17 teleconference but shed little light on their intentions for Hollywood Park, the Southern California racetrack that is the subject of sale rumors.

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