MTR Gaming Group reported a net loss of $3.3 million for the first quarter of 2010 versus net income of $752,000 for the same period in 2009.
The Ohio Supreme Court unanimously ruled April 30 it's not illegal for Secretary of State Jennifer Brunner to try to determine the parties behind an organization that challenged a 2009 directive on racetrack gaming.
The Ohio State Racing Commission met with four representatives from Penn National Gaming Inc. April 20 to question them on the proposed purchase of Beulah Park in Grove City, Ohio.
The changing climate of the Thoroughbred industry and key areas of improvement were prominent topics of discussion by trainers Jonathan Sheppard and Christophe Clement at the Kentucky Thoroughbred Farm Managers Club meeting.
West Virginia racing's "10-10-10 program," which offers purse supplements to in-state Thoroughbred owners, as well as breeders and stallion owners, will return under legislation signed into law April 2 by Gov. Joe Manchin.
Ohio Secretary of State Jennifer Brunner has ruled LetOhioVote.org submitted petitions containing more than 300,000 valid signatures, which is enough to place the issue of racetrack video lottery terminals on the ballot.
The New Hampshire Senate March 24 passed legislation authorizing video lottery terminals at six locations, including Rockingham Park.
New York Gov. David Paterson is pushing a plan with legislative leaders to re-bid the Aqueduct casino project, a proposal that could push off a final decision until the end of the year.
A bill on West Virginia's 10-10-10 program, which offers purse supplements to in-state Thoroughbred owners, as well as breeders and stallion owners, awaits action by the governor.
Republican Kentucky Sen. Damon Thayer spent more than an hour March 18 in a GOP caucus in an attempt to make a case for Instant Racing via statutory approval.
Legislation authorizing Instant Racing at Kentucky racetracks is in line for major revisions that would place approval squarely in the lap of the governor or Kentucky Horse Racing Commission.
An executive with RaceTech, the company that produces Instant Racing machines, said the product has held up well against electronic games of skill at Oaklawn Park in Arkansas.
Legislation authorizing Instant Racing, a tax on advance deposit wagering, and a reduction in the pari-mutuel excise tax sailed through the Kentucky Senate Committee on State and Local Government March 11.
Penn National Gaming Inc. said March 8 that it has entered into a definitive agreement to purchase Beulah Park in Grove City, Ohio.
Beulah Park in central Ohio is poised to be, or has been, sold to Penn National Gaming Inc., according to Ohio racing industry representatives.
Yet another bill authorizing gaming at racetracks has been introduced in the Kentucky General Assembly. With less than a month to go in the session, no action has been taken on any gaming-related legislation.
West Virginia horse racing's "10-10-10" program, which offers purse supplements to in-state Thoroughbred owners, as well as breeders and stallion owners, would return under legislation passed by the state Senate March 2.
In a major sign the Aqueduct video lottery terminal project could be in jeopardy, Gov. David Paterson is no longer counting on the winning bidder to supply the cash-starved state with $300 million by March 31.
The Kentucky Equine Education Project Feb. 12 reiterated its calls for immediate action from the Kentucky General Assembly to assist the horse industry in the state.
Gov. Steve Beshear is urging Kentucky lawmakers to take another look at legalizing video lottery terminals to avoid cuts in the state's next budget.
A November 2010 ballot question on racetrack video lottery terminals in Ohio moved a step closer to becoming reality Feb. 8.
A poll indicating strong support for racetrack video lottery terminals -- and even stronger support for a constitutional amendment on the issue -- generated plenty of talk among Kentucky legislators Feb. 3.
Table games could be operating at three Delaware racetracks sometime this summer.
A surprisingly good night for business on a winter evening at Turfway Park doesn't hide the fact Kentucky's year-round Thoroughbred racing industry is in serious trouble.
A transition committee has submitted a report that recommends statewide consolidation of the New Jersey horse racing industry, shorter Thoroughbred meets at Monmouth Park, and the opening of more off-track betting parlors.
Legislation calling for a constitutional amendment on any expansion of gambling in Kentucky failed to garner the required number of votes for passage in the state Senate Jan. 21.
Legislation calling for a constitutional amendment on any expansion of gambling in Kentucky passed a Senate committee Jan. 20 on a predictable party-line vote.
Democratic Kentucky Gov. Steve Beshear called the state legislature's bluff Jan. 19 by presenting a two-year budget that relies on more than $700 million in revenue from gaming machines at racetracks.
Saying his bill for a constitutional amendment on expanded gambling in the state is gaining support from some members of the Kentucky horse industry, Republican Sen. Damon Thayer put action on the bill on hold Jan. 13.
The Delaware Sports and Video Lottery Commission Jan. 12 rejected the results of a study that suggests adding two casinos in the state would increase revenue and jobs.
As the Delaware government awaits the results of an independent study into the expansion of casino gambling in the state, a study commissioned by three racetracks concluded the addition of casinos will cannibalize the market.
NYRA president Charles Hayward said the state needs to choose a casino operator for Aqueduct or the association will run out of money in June, which puts the Belmont Stakes (gr. I) at risk. As of now, the race will be run.
A Kentucky lawmaker has again requested an opinion from the state attorney general as to whether Instant Racing machines are legal under pari-mutuel statutes.
As the Kentucky Equine Education Project vows to continue its legislative push for racetrack gaming, a state lawmaker plans to move forward with his plan for statewide and local option votes on gaming.
Charles Town Races & Slots won approval Dec. 5 to install table games to go along with its 5,000 video lottery terminals.
The Saratoga Race Course Local Advisory Board has asked state government leaders to resolve the issue of selecting an operator for the video lottery terminal project at Aqueduct.
All five remaining bidders for the Aqueduct gaming project said they have met a Nov. 6 deadline to guarantee a quick $200-million payment to the state of New York if they are chosen to develop the video lottery terminal casino at the Queens racetrack.
Republican Kentucky Sen. Damon Thayer has prefiled legislation calling for a constitutional amendment to authorize racetrack video lottery terminals.
An MTR Gaming Group official said Nov. 4 passage of a casino referendum in Ohio will create new competition but also offer opportunity for racetracks in the Buckeye State.
The president of Churchill Downs Inc. said he believes recent developments with the makeup of the Kentucky General Assembly are positive and could help lead to legalization of video lottery terminals at racetracks in the state.
Delaware Park raced 27 fewer days this year but registered increases in total handle and average daily handle, track officials said Oct. 28.
A plan by Mountaineer Casino, Racetrack & Resort to offer the statutory minimum of 210 racing dates but race only eight months instead of year-round has met with opposition from horsemen and others in the community.
Republican Sen. Dan Kelly, a member of the Senate committee that killed racetrack gaming legislation during a special General Assembly session earlier this year, was appointed by Democratic Gov. Steve Beshear as an 11th Judicial Circuit judge.
Churchill Downs and Kentucky horsemen have reached a three-year agreement that sets purse payments, establishes purse supplements and ends a legal dispute that began in the spring of 2008.
Kentucky's horse racing and breeding industry plans to stand its ground in the wake of a proposal for a constitutional amendment on gaming some have characterized as a politically-motivated stall tactic.
A Kentucky Thoroughbred breeder said Republican lawmakers plan to push for a constitutional amendment on racetrack gaming, but a spokesperson for the state's Senate leader said that's not the case.
Pro-racetrack gaming forces in Ohio have taken a strong stand in opposition to a November referendum on full casino gambling in the state's four largest cities.
Democratic Ohio Gov. Ted Strickland Sept. 30 put his plan for racetrack video lottery terminals on hold indefinitely in light of a recent state Supreme Court ruling and a need to balance the state budget.
Penn National Gaming Inc., believed to be facing an uphill battle in the bidding wars to develop a video lottery terminal casino at Aqueduct, has offered the cash-starved New York state government $250 million in a non-contingency, upfront payment for the exclusive contract and believes it's still in the hunt for the project.
Negotiators in New York have tentatively narrowed down the bidding list to three entities to run the long-delayed video lottery terminal casino at Aqueduct, and a final decision could come as early as the week of Sept. 28.
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