The six bidding groups vying for the Aqueduct casino rights have been asked to submit their "final" offers -- again -- to the state of New York, along with a new promise for a large and quick payment.
5 days ago
Gov. David Paterson and New York legislative leaders met behind closed doors Oct. 29 in Manhattan to try to resolve the selection of an operator for the long-stalled Aqueduct video lottery terminal casino project.
Thursday, October 29, 2009
A study commissioned by the Pennsylvania Equine Coalition contends that the introduction of table games at Pennsylvania casinos and racinos will result in a decline of slot machine wagering of between 8% and 13%, potentially resulting in a decline in state revenues.
Wednesday, August 12, 2009
Florida Gov. Charlie Crist signed a gaming bill June 15 that contains several changes sought by the state's Thoroughbred industry and some changes in the operations of the Seminole Tribe of Florida's casinos.
Monday, June 15, 2009
The number 35 was on almost everyone's lips on June 3 when Calder Race Course broke ground for a casino it plans to open next January on its property in Miami Gardens, Fla.
Wednesday, June 03, 2009
Even though overall United States casino revenues dropped for the first time this decade, domestic racinos registered double-digit percentage growth in 2008, according to a report issued May 18 by the American Gaming Association.
Wednesday, May 20, 2009
The Pennsylvania Thoroughbred Horsemen's Association responded May 14 to legislation introduced in the state that would permit video lottery terminals at additional venues. The state's racing purses have grown considerably in the past few years with revenue from slots at the racetracks.
Thursday, May 14, 2009
Despite growth in its online pari-mutuel wagering and Louisiana slots operations, the top executive of Churchill Downs Inc. said May 7 the company is not ignoring its racing properties, but needs legislative help to keep them viable entities.
Thursday, May 07, 2009
The Florida Legislature will end its annual regular session May 1, and as of April 28 the House and Senate had not resolved major gaming issues including whether the Seminole Tribe of Florida should be able to keep blackjack and baccarat tables at its casinos.
Wednesday, April 29, 2009
An almost five-year-old lawsuit over how Florida voters were allowed to decide if slot machines could be legal at certain state pari-mutuel facilities has been jointly dismissed, according to court records.
Thursday, March 26, 2009
As state officials in New York scrambled to re-group following the collapse of the Delaware North plan to build a casino at Aqueduct racetrack, at least one of the former bidding groups said it would be interested in making a new bid on the long-stalled project.
Wednesday, March 11, 2009
Churchill Downs has seen some weakness in ticket sales for its annual Derby-Oaks weekend extravaganza, but feels there is enough interest in the events to produce another strong showing for the racetrack company.
Thursday, March 05, 2009
Profits from continuing operations at Churchill Downs Inc. grew 71% in 2008, the company reported March 4, despite handle drops at all of its racetracks.
Wednesday, March 04, 2009
The state of Maryland is challenging Magna Entertainment Corp.'s claim that the state's slots bidding process is unconstitutional.
Tuesday, February 24, 2009
Magna Entertainment Corp. has filed a lawsuit over its rejected bid for a slots license in the state of Maryland, and is asking a state circuit court to grant injunctions stopping the process from going forward until its legal challenges have been resolved.
Friday, February 13, 2009
After absorbing a $378.6-million loss in 2008's fourth quarter alone, Penn National Gaming Inc. posted an annual loss of $153.3 million for the year, and said while it isn't "enthused" about developing a potential new slots facility in Maryland, it will pursue those plans.
Thursday, February 05, 2009
Churchill Downs Inc. said Nov. 6 it is in a position to grow in various gaming areas, but is mum about what possible ventures might be considered in the future.
Thursday, November 06, 2008
Florida Attorney General Bill McCollum on Sept. 19 asked the National Indian Gaming Commission to issue a temporary order to shut down the blackjack and baccarat tables and Class III Las Vegas-style slot machines at the Seminole Hard Rock Hotel & Casino in Hollywood, Fla.
Friday, September 19, 2008
Churchill Downs Inc. and the Florida Thoroughbred Breeders and Owners Association announced Sept. 10 that they have reached an agreement on a contract for future slot machine revenue at CDI-owned Calder Race Course.
Wednesday, September 10, 2008
The Florida Legislature ended its annual two-month session May 2 without passing two slot machine bills that were sought by the Thoroughbred industry.
Monday, May 05, 2008
As the Florida legislature prepares to end its annual session May 2, chances appear very slim that it will pass either of two slot machine bills being sought by the Thoroughbred industry.
Tuesday, April 29, 2008
Jacobs Entertainment Inc. and its affiliates have recently increased their overall stake in MTR Gaming Group, a move that follows a January announcement that the owner of Colonial Downs was shifting its focus towards facilities that feature multiple forms of gaming.
Friday, March 28, 2008
By Richard Zwirn - While not an economist, it was clear that these are difficult fiscal times. Costs for just about all goods and services have risen dramatically.
Tuesday, March 25, 2008
Churchill Downs Inc. is asking for patience in seeing financial rewards from what it termed an $80 million investment into the advance deposit wagering industry in 2007, and promises to act on opportunities for the company's progress in 2008.
Friday, March 14, 2008
Gulfstream Park has voluntarily dismissed a federal lawsuit that sought to block slots being installed in casinos operated by Florida Indian tribes, saying it will await the outcome of a similar Florida Supreme Court action.
Wednesday, March 12, 2008
Ron Geary said he is facing a myriad of economic pressures in making Ellis Park a viable operation, but the owner of the Henderson, Ky., racetrack vows to fight the challenges with every resource before he considers closing the facility.
Tuesday, March 11, 2008
Joe De Francis will shortly resign as a member of the Magna Entertainment Corp. board of directors, according to a published report.
Saturday, March 01, 2008
Wall Street analysts agree Pennsylvania's racetrack casinos have generated higher-than-expected revenue thus far, but growth in the market, both in state and out, could impact those numbers going forward. Thus far, slot machines around the state are producing an average win per machine of $307. There are 11,500 slots, about a quarter of the total that could be operating when all gaming halls are open in the state.
Tuesday, February 26, 2008
Gulfstream Park has filed a federal lawsuit challenging a compact allowing tribal casinos to offer Class-III slots and banked card games in Florida, the latest attempt by the track to curb gaming competition from neighboring wagering facilities.
Friday, February 22, 2008
MTR Gaming Group said Jan. 16 its Mountaineer Casino, Racetrack & Resort reported about $3 million in revenue from table games and poker since the full ramp-up of table-game operations in late December.
Thursday, January 17, 2008
The parent company of the The Meadows Racetrack and Casino in Pennsylvania, which is operated in part by former owner Magna Entertainment Corp., has been sold for $1.75 billion to an Australian entity, it was announced Dec. 12.
Thursday, December 13, 2007
After months of bitter political infighting and under the looming threat of a Chicago-area mass transit meltdown, Illinois lawmakers moved close Dec. 10 to a sweeping expansion of gaming that would include authorization for slot machines at racetracks.
Monday, December 10, 2007
Chris Dragone knows he is wading into some fiery situations as the new head of the Maryland Jockey Club, but said he is more than willing to take whatever heat necessary to right a rocky ship.
Friday, November 30, 2007
Magna Entertainment Corp. has overhauled the ailing slots operation at its Gulfstream Park Racing and Casino complex by reducing the amount of machines it offers and expanding its simulcasting area.
Thursday, November 29, 2007
A California state senator says he expects to see tribal casinos develop an ownership stake in racetracks, leading to the potential for wagering devices such as Instant Racing or slot machines at racing facilities.
Monday, November 19, 2007
Churchill Downs Inc. reported a 7.1% increase in net revenue for the third quarter of 2007, but realized a 62.9% decline in net earnings, as the company's chief executive voiced hope for the future on a variety of fronts during a Nov. 8 conference call.
Thursday, November 08, 2007
At a program hosted by the University of Kentucky Horse Racing Club in Lexington, five prominent trainers gave attendees a glimpse of what life was like while walking in their shoes. Called "Inside Horse Racing: the Trainer's Point of View," the Oct. 8 event featured a question-and-answer session as well as a silent auction to benefit the Maker's Mark Secretariat Center.
Tuesday, October 09, 2007
A court ruling has set the stage for a trial over whether slots can continue at Gulfstream Park and other Broward County pari-mutuel facilities.
Friday, September 28, 2007
Another fight is brewing over whether Michigan's racetracks should be allowed to add casino-style gambling.
Wednesday, August 22, 2007
Hoosier Park officials decided Wednesday to forgo a temporary slots facility and build a 92,696-square-foot casino with permanent slots at the Anderson, Ind., racetrack.
Wednesday, August 08, 2007
Calder Race Course and Flagler Dog Track and Sports Entertainment Center,have initiated a formal request before a committee of the Miami-Dade County Commission for a referendum for voters to consider the inclusion of slot machines at the three existing pari-mutuel facilities in Miami-Dade County.
Thursday, June 07, 2007
By Ray Paulick - Racing has enough problems without a grandstanding politician using his position to wage a personal war with a state regulator.
Tuesday, May 15, 2007
Video gambling machines similar to slot machines could be installed at several dog and horse tracks around Florida, with the state's share of profits going toward a reduction in property taxes, under a bill approved Monday by a House council.
Tuesday, May 01, 2007
In an ongoing legal action that could possibly affect the future operation of slot machines at Gulfstream Park and other Broward County (Fla.) pari-mutuel facilities, the Florida Supreme Court agreed March 27 to rule on certain key issues in the dispute.
Thursday, March 29, 2007
A joint resolution that would allow voters of individual Florida counties to decide if they want specified forms of casino gaming is among at least two pieces of gaming legislation filed for the upcoming session of the Florida Legislature, which begins March 5.
Tuesday, February 27, 2007
Illinois horse racing is mired in a "downward spiral that will require action by state government to save it," Hawthorne Race Course President Tim Carey said as his track prepared to open the 2007 Illinois Thoroughbred season Friday.
Tuesday, February 20, 2007
Up to 5,000 slot machines could draw crowds to Indiana's struggling horse racing tracks -- and bring in millions for the state -- under a proposal advanced by a House committee Wednesday.
Thursday, February 15, 2007
Despite some inconveniences in the facility, horsemen at Philadelphia Park welcome the anticipated benefits as slots became a reality Tuesday.
Tuesday, December 19, 2006
Bally Technologies has signed on with Magna Entertainment Corp. to supply slots and related services to Gulfstream Park, it was announced Monday.
Monday, September 11, 2006
The Florida Department of Law Enforcement has opened its first office to regulate slot machines, which are expected in Florida by the end of the year.
Monday, August 14, 2006
