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Horsemen and breeders have turned to New York legislators to resolve a dispute over video lottery terminal revenue-sharing arrangements with racetracks.
Monday, June 06, 2005A last-ditch attempt to get video lottery terminals included in legislation that would reorganize the Texas Lottery Commission was unsuccessful May 26. With the Texas legislative session coming to an end, the VLT plan will have to wait for a special session or the 2007 legislative session.
Friday, May 27, 2005The projected cost of building the long-planned video lottery terminal casino at Aqueduct has soared nearly 20% since it was first proposed several years ago, New York Racing Association officials said.
Thursday, May 12, 2005New York's highest court upheld as legal the spread of video lottery terminals to racetracks in a ruling issued May 3, a major victory for the state's racing industry.
Tuesday, May 03, 2005A measure to increase the share of video lottery terminal revenue for New York racetracks, as well as jump-start the long-stalled VLT casinos at Aqueduct and Yonkers Raceway, has been given final approval by Gov. George Pataki.
Wednesday, April 13, 2005The New York legislature has given final approval to a measure to increase the share of video lottery terminal revenue for racetracks, as well as jump-start the long-stalled VLT casinos at Aqueduct and Yonkers Raceway.
Friday, April 01, 2005The Republican-led Senate and Democratic-run Assembly in New York have introduced legislation to sweeten the pot for racetracks with video lottery terminals, though the measure restricts the amount of extra money that would go to Aqueduct and Yonkers Raceway compared to other tracks.
Tuesday, March 29, 2005Lawmakers in New York have agreed to repair a state law that has kept Aqueduct and Yonkers Raceway from opening their video lottery terminal casinos in a deal that will bring the state up to $1 billion in revenue each year.
Friday, March 25, 2005Gambling interests have agreed to poll Ohio voters on the issues of casinos and video lottery terminals at racetracks in the state. The decision came during a March 24 meeting loosely dubbed the Ohio Gaming Summit.
Friday, March 25, 2005Legislation endorsed by the West Virginia Senate Judiciary Committee would allow casino-style table games at the four racetracks in the state, but the panel also doubled the state tax on the games from 12% to 24%.
Wednesday, March 23, 2005Seeking to prod along negotiations, the New York Senate approved two bills March 17 designed to open long-stalled video lottery terminal casinos at Aqueduct and Yonkers Raceway, believed to be New York's most lucrative racetracks for gaming.
Thursday, March 17, 2005The New York Assembly has rejected proposals by Gov. George Pataki to create an oversight board to monitor the New York Racing Association, form a super-agency to oversee all aspects of gambling, and create eight additional video lottery terminal casinos.
Tuesday, March 15, 2005A meeting of Ohio gambling interests, including representatives of the state's seven racetracks, is scheduled for March 24 in Columbus.
Wednesday, March 09, 2005The Maryland House of Delegates has rejected a series of amendments offered by gambling opponents, setting the stage for a final vote Feb. 25 on a bill to legalize 9,500 slot machines at four locations in the state.
Friday, February 25, 2005Instant Racing--pari-mutuel wagering machines that closely resemble video lottery terminals--had its first $1-million day in handle Feb. 21 at Oaklawn Park. Instant Racing, a product of RaceTech, first began operating at the Hot Springs, Ark., racetrack in 2000.
Wednesday, February 23, 2005The franchise for the New York Racing Association should be put out to bid and awarded to an entity that will turn the troubled racing group into a for-profit enterprise, the New York state Legislature's top Republican said Tuesday.
Tuesday, February 08, 2005Two proposals calling for pull-tab machines at Hoosier Park and Indiana Downs received their first hearing Jan. 26, but after three hours of debate in the House Public Policy and Veterans Affairs Committee, one thing was clear: Legislation to authorize the machines could meet an early fate.
Thursday, January 27, 2005Representatives of horsemen's groups are working in the West Virginia capital of Charleston to fend off an effort by Gov. Joe Manchin to take $5 million from purse accounts at each of the state's four racetracks to help pay off a $3-billion debt in the state workers' compensation program.
Wednesday, January 26, 2005A proposal to finance a new stadium for the Indianapolis Colts by utilizing expanded gaming in downtown Indianapolis appears to be dead.
Friday, January 21, 2005Slot machines at the new Evangeline Downs in Opelousas, La., pulled in nearly $72 million in gross revenue and generated more than $12 million for purses and breed development in their first year of operation, according to statistics from the Louisiana Gaming Control Board.
Thursday, January 20, 2005The Broward County (Florida) Commission voted Tuesday to approve a plan allowing voters to decide whether to allow video lottery terminals at the county's four pari-mutuel facilities, although a number of details are still undetermined.
Wednesday, January 19, 2005The Kentucky Equine Education Project has fashioned a short list of legislative initiatives that includes tax breaks and a breed development program but not racetrack gaming--at least not yet.
Tuesday, January 04, 2005Michigan Racing Commissioner Robert Geake said he would leave his post when his term expires at the end of December, and that he hopes to make the long-awaited decision on granting a suburban Detroit racetrack license before he goes.
Tuesday, December 14, 2004Newly hired New York Racing Association president and chief executive officer Charles Hayward said Nov. 22 the racing organization is close to operating in the black again.
Monday, November 22, 2004A supporter of video lottery terminals at Ohio's seven racetracks said Nov. 8 there is an "excellent chance" the proposal would go before Ohio voters in a November 2005 referendum.
Monday, November 08, 2004Michigan voters effectively sounded the death knell for racinos in the state when they passed the anti-gambling Proposal 1 by a 58%-42% margin with 98% of precincts reporting.
Wednesday, November 03, 2004The board of directors for the Florida Thoroughbred Breeders' and Owners' Association has formulated an ambitious legislative agenda that would bring live racing to Ocala and get video lottery terminals installed at the state's racetracks.
Thursday, August 26, 2004The Pennsylvania Horse Racing Commission has finalized at five the number of applicants seeking the final Thoroughbred racing license in the state. Only four applicants hit an informal Aug. 16 deadline to apply for the last license, but Magna Entertainment Corp. has reiterated its interest in building a track near Pittsburgh International Airport.
Wednesday, August 25, 2004Planners of a Thoroughbred racetrack near Erie are weighing two location options pending a Sept. 15 license amendment decision from the Pennsylvania Horse Racing Commission.
Tuesday, August 24, 2004Officially there is still life in legislation to introduce video lottery terminals to Michigan racetracks. But following an Aug. 4 vote in the state legislature, the breathing is shallow and the pulse is weak.
Thursday, August 05, 2004The Illinois legislature adjourned its "overtime" spring session without acting on a package of gaming reforms that could have brought slot machines to racetracks.
Thursday, August 05, 2004RaceTech, the company behind Instant Racing, expects to top the $100-million mark in total handle sometime this year. Instant Racing--basically pari-mutuel video lottery terminals--went online early in 2000 at Oaklawn Park and Southland Greyhound Park in Arkansas.
Tuesday, August 03, 2004Just weeks before work is to begin on banking the turns of the racing surface at Charles Town Races & Slots, a new organization called "The Thoroughbred Club" claims a survey reveals support for expansion of the six-furlong track to seven furlongs.
Thursday, July 15, 2004Not only will Saratoga Gaming and Raceway not close down its video lottery terminal parlor in August to accommodate the New York Racing Association, but there is talk of the NYRA neighbor adding another 700 VLTs, a state official said.
Friday, July 09, 2004A New York appeals court July 7 said the revenue-sharing agreement for racetrack video lottery gambling is unconstitutional, a decision that raises new questions about a program that has stalled at the state's biggest tracks.
Thursday, July 08, 2004With Pennsylvania about to become a major gambling state given the approval of slot machines at racetracks and other locations, Maryland lawmakers are discussing a possible special session to revisit gaming legislation.
Wednesday, July 07, 2004Legislation to authorize slot machines at Pennsylvania racetracks and other locations passed the state House of Representatives early the morning of July 4 and now heads to Gov. Ed Rendell for his signature.
Sunday, July 04, 2004Hit by relatively high revenue-sharing demands from the state and plans for even more gambling competition, New York's racetrack video gaming machine program has a murky future, Wall Street analysts and industry officials said.
Monday, June 28, 2004A couple of years ago, there were suggestions a soon-to-be-built gaming parlor at Saratoga Raceway would close during the day in August when the Thoroughbreds came to down.
Monday, June 28, 2004Monticello Raceway--now called Mighty M Gaming at Monticello Raceway--will become the fourth New York racetrack to operate video gaming machines when it turns on the devices the morning of June 30.
Friday, June 25, 2004Monticello Raceway in New York's Catskill mountains resort region would become the home of a $500-million, Las Vegas-style casino under a deal announced by Gov. George Pataki and the Cayuga Indian tribe.
Friday, June 11, 2004Plagued by bad weather and short fields during the first month of its season, Arlington Park lost ground to racetracks in other states where purses are sweetened by slot machine revenue, Arlington president Cliff Goodrich told the Illinois Racing Board June 10.
Friday, June 11, 2004Legislation to authorize gaming through the El Comandante Racetrack and Off-Track Betting Agency system in Puerto Rico has been approved by the government, said Equus Gaming Co., a partnership with Thoroughbred and entertainment interests in Latin America and the Caribbean.
Thursday, June 10, 2004The Puerto Rican government has granted approval for up to 6,000 video lottery terminals to be placed at El Comandante Racetrack in San Juan and its approximately 700 off-track betting outlets on the island.
Wednesday, June 09, 2004The New York state Senate June 3 gave quick approval to a plan to overhaul the regulation of racing in the state, including a provision designed to get video lottery terminals installed this year at Aqueduct.
Thursday, June 03, 2004Batavia Downs, believed to be the nation's oldest nighttime Standardbred track, will not open for racing this summer because of dwindling revenue and an inability to get financing for its racino operation, track officials said.
Sunday, May 30, 2004New York Gov. George Pataki May 27 proposed a complete overhaul of racing laws in the state, a move that would block the New York Racing Association's bid to get its racetrack franchise extended this year, and provide incentives to get video lottery terminals in operation at Aqueduct.
Thursday, May 27, 2004The Ohio House of Representatives, by a slim margin, has defeated a proposal to allow video lottery terminals at the state's seven racetracks.
Thursday, May 27, 2004Supporters of legislation to allow video lottery terminals at Ohio's seven racetracks hope to win approval to put the proposal on the November ballot before the legislative session ends for the summer.
Wednesday, May 26, 2004The New Jersey breeding program will benefit from a four-year agreement reached between New Jersey's Thoroughbred and Standardbred horsemen, as well as its casino industry, officials announced May 25 at a press luncheon at Monmouth Park to celebrate the May 29 opening of the 2004 racing season.
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