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.
Pinnacle Entertainment, a Las Vegas-based casino company, said Jan. 28 it has closed on the purchase of River Downs in Ohio for $45 million in cash.
Video lottery terminal revenue from two Maryland casinos will fund a 16% increase in purses at Laurel Park effective Feb. 2.
Penn National Gaming Inc. confirmed Jan. 21 there is a possibility it may attempt to relocate one or both of its Ohio racetracks to avoid competition with full-scale casinos the company is building nearby.
The group planning a racetrack, casino, and resort in northeastern Ohio said Jan. 18 "everything will fall into place," but a presentation made during a press conference indicated the project has a long way to go.
An eastern Ohio development company officially announced Jan. 17 plans to construct a racetrack and resort called Mahoning Valley Downs in the Youngstown, Ohio, area.
Pinnacle Entertainment has named Kevin Kaufman, general manager of its Belterra Casino in Indiana, as general manager of River Downs in Ohio.
A commission overseeing development of video lottery terminal parlors in Maryland said Jan. 11 the state should examine ways to attract more interest in available gaming licenses and study similar operations in other states.
A Kentucky circuit court judge has ruled draft regulations for Instant Racing "are a valid and lawful exercise" of the Kentucky Horse Racing Commission's statutory authority.
Ohio's three Thoroughbred racetracks have mapped out their live racing schedules for 2011, but two of them still have no agreement with horsemen on racing dates.
Las Vegas-based Pinnacle Entertainment confirmed Nov. 26 it has a deal to purchase River Downs near Cincinnati, Ohio, for $45 million.
New York's largest horsemen's group is among the latest calling on the Paterson administration to halt a looming agreement with a Wisconsin Indian tribe to build a casino in the Catskill Mountains.
Republican Ohio Gov.-elect John Kasich wants to study a plan to put video lottery terminals at the state's racetracks, a move that has the Ohio Lottery Commission in a holding pattern on the proposal.
There may be growing sentiment in the Kentucky legislature to pass a measure authorizing a constitutional amendment on racetrack gaming, officials indicated after the Nov. 2 election.
Beulah Park, which has changed hands several times in its long history, will open its 2010-11 meet Oct. 12 under the new ownership of Penn National Gaming Inc.
Nine years after first being approved, the last major hurdle for the Aqueduct video lottery terminal casino project was cleared Sept. 13 when the state's chief fiscal watchdog gave his approval for the project.
Participants in The Jockey Club Round Table Aug. 22 in Saratoga Springs, N.Y., sought to convey optimism and opportunity in the face of declines in many facets of the Thoroughbred industry.
Total racing dates would continue to drop under 2011 requests submitted by Ohio's seven racetracks Aug. 19.
It has taken three governors four different tries, but Gov. David Paterson and legislative leaders made it official Aug. 17: Genting New York will be the operator of the Aqueduct video lottery terminal casino.
Family Foundation of Kentucky may join a suit seeking a declaratory judgment on the legality of Instant Racing in an attempt to keep open its options.
For the first time in recent memory, the minimum purse at Mountaineer Casino, Racetrack & Resort has fallen under $8,000 because of a purse reduction.
New York Gov. David Paterson is turning up the heat on legislative leaders, prodding them to make a quick decision on the new operator to run the Aqueduct video lottery terminal casino.
MTR Gaming Group indicated Aug. 9 it could spend up to $100 million to construct a video lottery terminal casino at Scioto Downs south of Columbus, Ohio.
Pari-mutuel handle on live and simulcast racing has increased at Hollywood Casino at Charles Town Races since casino table games were added to the mix at the West Virginia facility, officials said Aug. 4.
Churchill Downs has not decided whether to implement a form of Instant Racing should the VLT-like games be approved for Kentucky tracks, according to Churchill Downs Inc. president and CEO Robert Evans.
Genting New York, a Malaysian-based casino group, has been recommended by the New York Lottery Division to run the much-delayed Aqueduct casino project.
About 150 members of the harness racing community met at Meadowlands July 29 to discuss their options in the wake of a recent report that suggests racing at the New Jersey track is no longer viable under state ownership.
Harrah's Entertainment said July 28 it has completed its purchase of Thistledown near Cleveland, Ohio, from MI Developments.
A Kentucky judge is expediting the process by which various parties in the horse racing industry have requested a ruling on proposed administrative regulations involving Instant Racing.
After more than a year of delays, plans to outfit Ohio racetracks with thousands of video lottery terminals are on the fast track.
Penn National Gaming Inc. said July 1 it has closed on two key deals: the purchase of Beulah Park in Ohio, and its investment in a joint venture with MI Developments in the Maryland Jockey Club.
A gaming and racing company with interests in Ohio said it believes a 2009 governor's directive for racetracks to install video lottery terminals can move ahead.
LetOhioVote.org said June 28 it has asked the state to remove its referendum on racetrack video lottery terminals from the November ballot, possibly clearing the way for gaming at Ohio's seven racetracks.
The Buckeye State welcomed two new racetrack operators June 23 as the Ohio State Racing Commission approved the sale of both Beulah Park and Thistledown, which are to be purchased by casino companies.
Ohio racetracks are considering a push for a 2011 ballot issue that would ask voters to repeal the casino bill recently signed by Democratic Gov. Ted Strickland.
Officials and horsemen at Finger Lakes Gaming & Racetrack are livid over a 12% purse cut they say was necessitated by the ongoing financial difficulties of New York City Off-Track Betting Corp.
Harrah's Entertainment has ended up with Thistledown after all, but at a greatly reduced price.
MI Developments intends to offer Thistledown, the Ohio racetrack near Cleveland, for sale during a May 25 auction in New York.
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.
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