The Ohio Thoroughbred Racing Fund, now fully supported by revenue from racetrack video lottery terminals, will almost double to more than $5 million in 2015.
The agenda for the Nov. 12 meeting of the board of the New York Racing Association was short and sweet: to discuss a re-privatization plan for the organization due next spring to the office of New York Gov. Andrew Cuomo.
Hollywood Gaming at Mahoning Valley Race Course opened its barn area and dirt racing surface for training as scheduled Nov. 10 in advance of a Nov. 24 opening day.
The West Virginia Racing Commission is moving forward with a plan to fashion legislation that would allow flexibility on racing dates and perhaps new gambling offerings to generate revenue for the industry.
Mountaineer Casino, Racetrack & Resort and Hollywood Casino at Charles Town Races were granted permission Oct. 15 to reduce live racing dates for the final months of 2014.
Belterra Park, which opened for gaming and Thoroughbred racing in May, plans to reduce overnight purses by about 20% according to its next condition book effective Aug. 30.
The West Virginia Racing Commission Aug. 15 upheld a hearing officer's recommendation that Mountaineer Casino, Racetrack & Resort can't abandon December racing, but it allowed leeway should purse money not be available.
The future structure of the New York Racing Association and the implications for year-round racing in the state were examined Aug. 12, the first day of the Saratoga Institute on Racing & Gaming Law in Saratoga Springs, N.Y.
Advance deposit wagering and historical race wagering are on the West Virginia Racing Commission's legislative wish list for 2015.
State regulators in New York have acted quickly to issue a new rule letting racetrack-based casinos operate an extra two hours a day.
New York racetrack gaming facilities, most of which have been facing slumping financial numbers this year, will be able to stay open later into the early morning and be authorized to offer more free play.
The horsemen's group at Mountaineer Casino, Racetrack & Resort has signed off on a plan to reduce racing days and the number of races at the West Virginia track later this year.
The West Virginia legislature ended a short special session May 21 and apparently left more than $14 million in gaming revenue to purses and breed development programs for horse and dog racing intact for fiscal year 2015.
Belterra Park Gaming & Entertainment Center, the former River Downs, began its first race meet May 8 with official ceremonies and about 3,000 racing fans on hand on a summer-like afternoon.
Ohio Thoroughbred breeders were told April 5 that supporting stallions based in the state should be a big part of the equation in the new environment of racetrack gaming.
Two Ohio racetracks will pay 10.5% of video lottery terminal revenue to purses, an official with the state's racing and breeding programs said April 5.
Hollywood Gaming at Mahoning Valley Race Course received a racing permit from the Ohio State Racing Commission March 27 and plans to offer 21 days of Thoroughbred racing this fall.
The West Virginia Legislature March 14 passed a fiscal year 2014-15 budget that will redirect 10% of racing's share of gaming revenue to other programs.
The Ohio Horsemen's Benevolent and Protective Association has signed 10-year racing agreements with the under-construction Hollywood Gaming at Mahoning Valley Race Course and ThistleDown Racino, formerly known as Thistledown.
Penn National Gaming Inc. and the Ohio Horsemen's Benevolent and Protective Association have reached an agreement in regard to the under-construction Youngstown-area racetrack that will replace Beulah Park.
Total on-site pari-mutuel wagering at Delaware Park in 2013 totaled $149.2 million, down 4.1% from $155.5 million in 2012, according to the annual report released Feb. 6 by the Delaware Thoroughbred Racing Commission.
Racing stakeholders and government officials Feb. 4 publicly stated their opposition to legislation that would shift 15% of video lottery and table games revenue to fund other programs in West Virginia.
It appears rather than having one percentage for the amount of revenue that goes to purses from video lottery terminals, Ohio could have a different number for each of its seven racetracks.
Construction of a new racetrack gaming facility in the Mahoning Valley is well under way, but the track's owner and the Ohio State Racing Commission continued a battle over a commitment on the number of stalls Jan. 23.
Hollywood Casino at Charles Town Races plans to ask state regulators Jan. 21 for approval to spend almost $200,000 for surveillance equipment for its stable area.
MGM Resorts International has won a three-way race for a license to build a resort casino in Prince George's County, Md., just south of Washington, D.C. And the future of a racetrack remains up in the air.
With a deadline fast approaching, Ohio racetracks and horsemen's groups indicated Dec. 19 they are close to having definite deals on the percentage of video lottery terminal revenue that will go to purses.
A New Jersey Senate committee Dec. 9 approved legislation that would authorize historical race wagering, also known as Instant Racing, at the state's racetracks, off-track wagering parlors, and casino race books.
The New York Racing Association is finalizing a "fresh look" budget for 2014 that will hike fees imposed on simulcast partners and raise prices for racetrack admission and parking while cutting a number of expenses.
Time is running out for Ohio racetracks and horsemen's groups to agree on the percentage of video lottery terminal revenue that will go to purses and breed development programs.
Officials with Belterra Park's parent company said they want the rebuilt facility to not only be the premier racetrack in Ohio, but in the surrounding area.
The New York Racing Association reported net income of $8.2 million for the first six months of 2013, up 2% from the same period in 2012 because of an increase in video lottery terminal revenue and a decrease in expenses.
The Ohio Supreme Court has agreed to hear arguments on whether a public policy group that had filed suit over the 2011 law that authorized video lottery terminals at Ohio racetracks has standing to appeal.
The lack of an agreement on a revenue split from video lottery terminals continues to keep the signal from ThistleDown Racino from being exported outside of Ohio.
The West Virginia Racing Commission June 18 unanimously approved an "interagency agreement" that will allow it to request assistance from the West Virginia Lottery Commission.
The Ohio Roundtable said June 21 it will not file a memorandum in reply to the state's request that the Ohio Supreme Court not hear the public policy group's appeal of a lower court ruling that rejected its challenge to VLTs.
New York Gov. Andrew Cuomo's plan to create gambling competition for racetrack-based casinos was a topic of an hour-long, closed-door meeting June 18 with legislative leaders trying to end the 2013 legislative session.
Gov. Andrew Cuomo is playing a new game of hardball with racetrack-based casinos in New York by sending them a simple message: get on board with his plan or face additional competition from facilities located nearby.
A New Jersey lawmaker has introduced a bill to authorize historical race wagering, also called Instant Racing, at racetracks, off-track wagering facilities, and casinos in the state.
Ohio's two operating racetrack casinos reported revenue increases in May when compared with the previous month, according to Ohio Lottery Commission documents.
The Ohio Attorney General's Office May 28 asked the state Supreme Court to reject an appeal filed by a public policy group that is challenging the constitutionality of a 2011 law that authorized VLTs at racetracks.
A request for authorization for an economic study on Thoroughbred and Greyhound racing and breeding in West Virginia shed light on the friction between the racing and gaming sectors in the state.
The Ohio Attorney General's office has asked the state Supreme Court not to hear an appeal by a public policy group challenging the 2011 law authorizing video lottery terminals at racetracks.
The Maryland Jockey Club expects to begin construction on new barns at Laurel Park this year as part of a long-term capital improvement plan, but it is holding off on announcing details of renovations at Pimlico Race Course.
Penn National Gaming Inc. has submitted a formal proposal to build a $700 million casino and resort on the grounds of Rosecroft Raceway, a harness track located just south of Washington, D.C., in Prince George's County, Md.
With strong assistance from its video lottery terminal operation at Scioto Downs in Ohio, MTR Gaming Group greatly reduced its net loss for the first quarter of 2013 compared with the same period in 2012.
Several of New York's racetrack gaming facilities would be first in line for full-scale casinos under legislation being finalized by Senate Republicans in the state legislature.
The New York Gaming Association April 29 released a report that shows its nine racetrack-based casino facilities generated $1.8 billion in gross gaming revenue in 2012 and turned over $823 million in taxes to the state.
The Ohio State Racing Commission April 16 once again deferred action on a proposal to transfer the River Downs meet to Beulah Park because horsemen and Penn National Gaming Inc. have no contract for the meet.
The Ohio Horsemen's Benevolent and Protective Association has informed Thistledown it won't grant the track approval to export its signal when live racing begins April 19 because it has no deal with horsemen on VLT revenue.
Most Popular Stories
- Two IL Tracks File for Bankruptcy Protection
- British Racing Undertakes Education Program
- Undefeated Dortmund Wasn't Always So Popular
- Lukas Pointing 'Brandi' to Kentucky Oaks
- Golden Gate Winter/Spring Meet Starts Dec. 26
- Baffert Quartet Faces Shared Belief in Malibu
- Millionaire Kiri's Clown Euthanized at Age 25
- Secret Circle Aims for Season-Ending Win
- Intriguing Maidens in MD Juvenile Futurity
- Baltas, Pedroza Square Off at Los Alamitos