The New York Racing Association is masking financial troubles and is not taking steps state auditors have urged in the past to right its fiscal condition, the state's chief fiscal watchdog said Jan. 24.
The Ohio Roundtable Jan. 23 asked a Franklin County Common Pleas Court judge to reject motions filed by the state to dismiss a lawsuit challenging legislative approval of a 2011 bill to authorize VLTs at racetracks.
Legislation is popping up in New York to permit additional casinos across the state, with other versions of bills placing the expanded gambling offerings at existing racetrack casinos.
A New York task force has recommended a percentage of revenue from video lottery terminals and purse accounts go toward retraining and retirement programs for racehorses in the state.
Efforts to facilitate installation of video lottery terminals at Ohio racetracks continued to quicken Dec. 22 when a public policy group that filed suit over VLTs was given a deadline to respond to motions to dismiss.
Maryland racing industry officials already have scheduled their first meeting to devise a long-term strategy for live racing in the state beyond 2012.
The office of Ohio Attorney General Michael DeWine filed papers in Franklin County Common Pleas Court Dec. 9 to dismiss a lawsuit filed by the Ohio Roundtable, a group that opposes racetrack VLTs.
Columbus, Ohio Common Pleas Court judge Timothy Horton set Sept. 9, 2012, as the deadline for the state to file and answer a suit filed by the Ohio Roundtable over racetrack video lottery terminals.
Racetrack casino operators in New York are lobbying hard to protect their interests in anticipation of a potential gambling expansion and tighter licensing procedures in 2012
Just one day shy of the 10th anniversary on which former New York Gov. George Pataki signed a law approving racetrack casinos, Aqueduct's new VLT facility will open the afternoon of Oct. 28.
Just days before the opening of the Resorts World Casino at Aqueduct, the New York Breeding and Development Fund announced a sharp increase in breeders' awards for 2012.
The Ohio Roundtable, which opposes the expansion of gambling, said Oct. 21 is has filed a lawsuit challenging racetrack VLTs in the state.
Gov. John Kasich signed another executive order Oct. 20 that allows the Ohio State Racing Commission to adopt regulations governing eligibility for racetracks to install video lottery terminals and to request relocation.
Republican Gov. John Kasich, citing an "emergency" in Ohio, issued an executive order Oct. 14 allowing the Ohio Lottery Commission to adopt regulations governing racetrack video lottery terminals.
If the Ohio Supreme Court were to rule that video lottery terminals can't be installed at racetracks in the state, attempts to move tracks to new locations would be dropped.
Penn National Gaming Inc. is making its case for gaming at Rosecroft Raceway, the Maryland harness track it purchased earlier this year and will reopen for live racing Oct. 21.
A public policy group's request to halt Instant Racing at Kentucky Downs was denied by the Kentucky Court of Appeals Oct. 5.
The Stronach Group, which owns Laurel Park and Pimlico Race Course in Maryland, is part of a group that has filed an application to construct a video lottery terminal casino in downtown Baltimore.
The Ohio Lottery Commission said Sept. 26 it plans to have video lottery terminals installed at some of the state's racetracks perhaps by January 2012.
The Family Foundation of Kentucky continued its efforts to halt Instant Racing at Kentucky Downs Sept. 21 when it asked state Attorney General Jack Conway to classify the games as illegal slot machines.
After years of steady reductions, Ohio's seven racetracks have applied for 694 dates in 2012, only seven fewer than were applied for this year.
Racetracks and horsemen's groups in Ohio continue to wrestle over how much purses and breed development programs will receive from track-based video lottery terminals, which were legalized earlier this year.
Kentucky Downs is reporting receipts of more than a half-million dollars from Instant Racing machines during their first five days of operation.
Racetracks across New York Sept. 7 will unveil a plan to amend the state constitution to permit them to offer a complete array of casino gambling as part of a proposal they say will raise revenue for the state and industry.
Amid the uncertainty of reception in the marketplace and a lingering legal challenge, Kentucky Downs officially christened expanded pari-mutuel wagering via Instant Racing machines during an evening reception Aug. 30.
Kentucky Downs will inaugurate Instant Racing in Kentucky Sept. 1 and believes the form of pari-mutuel wagering can help restore "vibrancy" to the state's horse racing industry.
A racing regulator in Ohio said Aug. 21 it will be the middle of October for a decision is made on allowing Penn National Gaming Inc. to transfer the racing licenses of its two tracks to other locations.
With expectations that funding for the New York-bred program will increase about 100% by 2014, officials hope to strike a balance with plans to expand its offerings and rewards for owners and breeders.
MTR Gaming Group, which recently received approval to refinance its debt, reported net income of $2.3 million for the second quarter of 2011. For the same three months in 2010, the company posted a net loss of $500,000.
The New York Racing Association has struck a deal with Resorts World Casino New York by which the gaming company will operate some concessions at Aqueduct, which is being redeveloped to accommodate 4,500 gaming machines.
The New York Thoroughbred Breeders, Fasig-Tipton, and New York Racing Association during an Aug. 13 forum will discuss the future of New York racing and breeding after video lottery terminals begin operating at Aqueduct.
With Republican Gov. John Kasich preparing to sign legislation authorizing racetrack video lottery terminals and horse industry representatives already discussing strategy, a public policy group is ready to fight the plan.
Two consultants will soon issue a report recommending ways for Ohio to improve live racing apart from the anticipated revenue from video lottery terminals.
In a flurry of activity June 28 both houses of the Ohio General Assembly passed legislation allowing racetracks to apply for video lottery terminal licenses.
The Ohio House of Representatives June 23 passed legislation authorizing the relocation of racetracks that are eligible for video lottery terminal licenses.
Penn National Gaming Inc. said June 16 it has a "definitive agreement" to terminate its partnership in the Maryland Jockey Club.
Ohio Gov. John Kasich's "comprehensive gaming review agreement" includes provisions for the Ohio Lottery Commission to award racetracks licenses to operate video lottery terminals.
The racing industry in New York expressed concerns about new, potent competition after the Obama administration reversed course on federal policy that had blocked Indian tribes from building off-reservation casinos.
Ohio Gov. John Kasich has reached an agreement that will resume construction on casinos in Cincinnati and Cleveland -- and according to published reports permit video lottery terminals at the state's seven racetracks.
Penn National Gaming Inc. officials said April 21 they believe if the question of racetrack video lottery terminals makes the ballot in Texas it has a good chance to pass.
Lawmakers in New York said they plan to put off until next year passage of a measure permitting casino gambling in the Catskills resort region of the state.
The Maryland horse industry continued to make its case for assistance March 16, urging the Senate Budget and Taxation Committee to pass legislation that would shift some revenue from VLTs to support racetrack operations.
The Maryland horse industry made its case March 15 for legislation that would shift gaming revenue from capital improvements to racetrack operations.
Legislation that would have diverted gaming funds from several recipients including horse and dog racing in West Virginia has been altered to instead use excess video lottery terminal revenue.
Two of Ohio's oldest racetracks could be relocating to other Buckeye State cities if owner Penn National Gaming Inc. has its way, but the moves won't come without opposition.
Penn National Gaming Inc. will publicly inform the Ohio State Racing Commission Feb. 10 of its plans to relocate two Ohio racetracks should the state's tracks get video lottery terminals.
The Virginia Senate has again approved legislation authorizing Instant Racing--wagering on historical races--but the bill's reception in the House remains uncertain.
The operators of Aqueduct's future video lottery terminal casino have begun pressing state officials to permit table games at the facility and New York's other racetrack casinos.
Penn National Gaming Inc. said 10 of its 15 gaming properties increased net revenue and that it intends to "expand its presence to any jurisdiction considering the expansion of gaming."
- By Tom LaMarra
Penn National Gaming Inc. believes racetrack gaming can be a major economic driver but shouldn't be viewed as a means to increase pari-mutuel wagering on racing, company president Peter Carlino said.
Most Popular Stories
- Injury Knocks Constitution Off Derby Trail
- Champion Producer My Flag Dies at Claiborne
- Blue Grass Runner-Up Medal Count Derby Bound
- Game On Dude Arrives for Charles Town Classic
- Haskin: Art Sherman, Dave Erb 'Swap' Stories
- Steve Haskin's Derby Dozen 4/14/2014
- 2014 Stallion Showcase
- 'A Not-To-Be-Missed Uptown Society Event'
- Animal Disease Tracking Map Launched
- Fillies Sparkle in Furlong Drills at OBS