Racing can learn much from its partners from the casino business, a panel of analysts told a couple hundred participants Dec. 5 in the 33rd Symposium of Racing & Gaming in Tucson, Ariz.
An investment group is taking ownership of Tioga Park, shuttered to racing in upstate New York since 1978, with plans to begin Standardbred racing next year in a facility that it hopes will also include a video lottery terminal casino.
The owner of a long-shuttered New York racetrack slated to reopen to tap into the state's video lottery terminal program has filed for Chapter 11 bankruptcy protection.
A company that for years has been trying different ways to break into the racing industry has now set its sights on an obscure former Quarter Horse racetrack in upstate New York.
Public companies with ties to Thoroughbred racing slumped from 1-20% Monday as the resignation of Tyco International's chairman and growing investor skepticism dragged down the entire market.
While most companies with ties to Thoroughbred racing followed the markets downward this week, a couple managed to see their stock values appreciate.
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