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Philly Park Prepares to Enter the Big Time

  • News

Purses for July at Philadelphia Park averaged just under $120,000 a day, but in a year, they will be almost twice that amount, with much more growth expected when revenue from slot machines begins pouring in.

Magna Back in Hunt for Pennsylvania Track License

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The Pennsylvania Horse Racing Commission has finalized at five the number of applicants seeking the final Thoroughbred racing license in the state. Only four applicants hit an informal Aug. 16 deadline to apply for the last license, but Magna Entertainment Corp. has reiterated its interest in building a track near Pittsburgh International Airport.

Pennsylvania Applicants Line Up for Track License

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The Pennsylvania Horse Racing Commission will meet Aug. 24 to map out a timeline for approval of the state's final Thoroughbred racetrack license. But whoever gets the license isn't guaranteed a slot machine license, which has narrowed the field of applicants.

Delta Leads Way in Louisiana Racino Purses

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Delta Downs Racetrack & Casino reigned as Louisiana's top moneymaking racino in the first six months of 2004, according to figures from the Louisiana Gaming Control Board. Overall, the state's three racinos generated more than $19.8 million for purses in the first six months of this year.

Deal With Horsemen Near, Fair Grounds Says

An attorney for the Fair Grounds said Louisiana horsemen were on the verge of a settlement Friday night that could spare the New Orleans track from an auction in bankruptcy court later this month over a $90 million video poker judgement.

Michigan Racino Bill Still in Conference Committee

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Officially there is still life in legislation to introduce video lottery terminals to Michigan racetracks. But following an Aug. 4 vote in the state legislature, the breathing is shallow and the pulse is weak.

Hastings Park Approved for Slot Machines

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Hastings Park will be permitted to install 600 slot machines in the wake of a 6-5 vote by the Vancouver City Council July 22. Mayor Larry Campbell, who provided the deciding vote, said it was about saving jobs in the community.

Hope for New Thoroughbred Track Seems Dim

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Hope that passage of slot machine legislation in Pennsylvania would result in a new Thoroughbred racetrack near Pittsburgh seems futile. Negotiators with knowledge of the bill signed into law July 5 by Gov. Ed Rendell said a stand-alone slots parlor in downtown Pittsburgh is much more likely.

Will Saratoga Neighbor Add More Gaming Machines?

Not only will Saratoga Gaming and Raceway not close down its video lottery terminal parlor in August to accommodate the New York Racing Association, but there is talk of the NYRA neighbor adding another 700 VLTs, a state official said.

Maryland Eyes Special Session to Tackle Gaming

With Pennsylvania about to become a major gambling state given the approval of slot machines at racetracks and other locations, Maryland lawmakers are discussing a possible special session to revisit gaming legislation.

Analysts: New York Racinos No Sure Bet

Hit by relatively high revenue-sharing demands from the state and plans for even more gambling competition, New York's racetrack video gaming machine program has a murky future, Wall Street analysts and industry officials said.

Racing System in Puerto Rico Approved for Gaming

Legislation to authorize gaming through the El Comandante Racetrack and Off-Track Betting Agency system in Puerto Rico has been approved by the government, said Equus Gaming Co., a partnership with Thoroughbred and entertainment interests in Latin America and the Caribbean.

Illinois Deadlock a Problem for Racetrack Gaming

The Illinois Legislature missed its midnight May 31 adjournment deadline in a stalemate over the state's budget. The deadlock likely dooms efforts to expand gaming in the state, including slot machines or other revenue-producing plans for Illinois racetracks.

Ohio VLT Proposal Appears on Fast Track--Again

Supporters of legislation to allow video lottery terminals at Ohio's seven racetracks hope to win approval to put the proposal on the November ballot before the legislative session ends for the summer.

Maryland Officials: Help Needed to Protect Industry

Maryland racing officials and politicians really didn't make any excuses during the May 13 Alibi Breakfast at Pimlico Race Course. Instead, they called on the racing industry to do everything it can to facilitate a turn of fortunes for horse racing in the state.

Michigan Racino Measure Still Faces Obstacles

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Legislation to legalize video lottery terminals at Michigan racetracks took a tenuous, toddling step forward April 29 when the state Senate narrowly approved a racino bill after nearly a year of inaction. But much work remains.

Ohio Governor Again Says He Opposes Casino Gambling

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Ohio Gov. Bob Taft has again stated his opposition to installation of video lottery terminals at the state's seven racetracks. Meanwhile, a key legislator has suggested non-track casinos be located in urban areas.

Prairie Meadows May Add Games if Bill Signed

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Prairie Meadows could add table games and video poker this fall if Gov. Tom Vilsack signs a gambling bill approved by the Iowa legislature. The track's board of directors voted 12-0 April 21 to seek the games should the bill become law.

Calif. Slot Backers Submit Million Signatures

Backers of a California initiative that could bring slot machines to several racetracks and card clubs submitted more than a million signatures Friday to county election officials around the state to qualify the measure for voter consideration Nov. 2.

Texas Governor Calls Special Session

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The addition of video lottery terminals at Texas dog and horse tracks will be one of the items discussed when the Texas state legislature convenes for a special session beginning on April 20. The special session can last as long as 30 days and the governor can call as many sessions as he wants.

Maryland Racing Faces Uncertain Future

As the Maryland General Assembly lurched into the final week of its 2004 law-making session, the future of slot machines in the state remained in the unpredictable grip of politics and, seemingly, outside the control of anyone in the horse industry.

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