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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

  • News

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.

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

  • News

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

  • News

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.

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