Penn National Gaming Inc. reported a net loss of $12.2 million for the second quarter of 2013, compared with a profit of $69.6 million for the three months in 2012.
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.
Unveiling further details on his casino expansion plans, New York Gov. Andrew Cuomo proposed the first three facilities be located in upstate regions and that successful developers pay an upfront $50 million franchise fee.
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 New York racetrack hoping to be considered for a full-scale casino announced a $30 million development project that will include a hotel, event center, and upscale restaurant.
Sen. John Bonacic, chairman of the New York Senate Racing, Gaming, and Wagering Committee, introduced a measure May 23 to ban casinos on Long Island and New York City, except the borough of Queens.
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 West Virginia Racing Commission May 21 rejected a controversial interagency agreement that owners, trainers, and breeders claim would have put the state Lottery Commission in charge of Thoroughbred and Greyhound racing.
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.
Gov. Andrew Cuomo said there is a big enough appetite for gambling in New York to permit the state to expand casino operations while protecting the interests of existing racetrack-based casinos.
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 West Virginia Racing Commission April 16 approved the expenditure of more than $2 million for projects and promotions at two racetracks.
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.
As the first Thoroughbred track in Ohio prepares to open its video lottery terminal facility, purses are up. But some longtime horsemen in the state are on a waiting list for stalls.
Republican Gov. John Kasich April 1 signed into law a transportation bill that includes an amendment that would facilitate transfer of the 2013 River Downs race meet to Beulah Park.
A plan to shift the 2013 River Downs meet to Beulah Park remains on hold, and developers of new racetrack gaming facilities in Ohio were told to go back to the drawing board in terms of indoor seating for racing patrons.
Legislation creating the Kansas Agriculture Opportunity Act would lower the tax rate on electronic gaming machines in an effort to get racetracks to install them, and also increase the amount of revenue for purses.
Companies that plan to construct new racetrack gaming facilities in Ohio have been summoned to appear before the Ohio State Racing Commission for a third time March 27.
The Ohio State Racing Commission March 12 continued its examination of plans for proposed racetrack casinos, peppering Penn National Gaming Inc. officials with questions about facilities planned for Dayton and Austintown.
MTR Gaming Group reported a 14.5% improvement in revenue in 2012 despite an increase in competition from other casinos, the company reported March 7 in its latest earnings report.
Legislation introduced in the West Virginia Senate March 6 calls for several statutory changes regarding racing, including a substantial reduction in the minimum number of dates a track must schedule each year.
A Texas lawmaker has introduced legislation that would authorize a constitutional amendment on video lottery terminals at racetracks and at tribal facilities.
The Kentucky House Feb. 27 passed legislation that in part would take revenue from historical race wagering to fund pensions for state workers, but one lawmaker questioned the bill's impact on the horse industry.
The Delaware Lottery has issued a request for proposal for its planned Internet gaming system, and the racing industry is negotiating a revenue split with the state and racetrack casinos.
Finger Lakes Casino & Racetrack has started construction on a $12 million expansion of its video lottery terminal facility.
Penn National Gaming Inc., which has a host of projects in the works, is taking a cautious approach to 2013 in the wake of a "soft" fourth quarter in 2012, company officials said Jan. 31 during an earnings teleconference.
The Delaware Thoroughbred Horsemen's Association said Jan. 31 it is "at an impasse in negotiations" with Delaware Park on a new contract.
The New York Senate's top Republican wants Belmont Park to be included in the list of possible casino expansion locations.
Overnight purses will increase 10% when Mountaineer Casino, Racetrack & Resort begins its almost 10-month racing season March 1.
New York Racing Association President and COO Ellen McClain announced Jan. 25 that she is resigning from her role, and board leaders said they would immediately begin a national search to find a replacement.
The New York legislature's most powerful Democrat said Jan. 24 he would be open to further casino development at Aqueduct Racetrack, as well as several other specific locations in New York City except for Manhattan.
New York Gov. Andrew Cuomo wants to dip into purse accounts to take $1.5 million to $2 million per year for equine safety programs at the state's racetracks.
The Ohio Roundtable, an anti-gambling organization, asked the Franklin County Court of Appeals Jan. 17 to reject a decision by the Franklin County Common Pleas Court, which last year dismissed a lawsuit challenging VLTs.
Oral arguments have been scheduled on a public policy group's appeal of a ruling that it doesn't have the legal standing to sue over a 2011 law authorizing racetrack video lottery terminals.
The Ohio State Racing Commission Dec. 13 approved the distribution of more than $1.77 million in revenue racing has received from non-track casinos in the state.
The awarding of 2013 Thoroughbred racing dates in Ohio has stalled given the fact the meet at River Downs may have to move to Beulah Park because of construction of a new racetrack gaming facility.
The Warren County, Ohio, government Nov. 13 approved plans by Churchill Downs Inc. and Delaware North to build a racetrack casino that would replace Lebanon Raceway.
Though owner Pinnacle Entertainment hasn't made an official announcement, it appears the grandstand at River Downs will be leveled to make way for a new racetrack gaming facility.
Fifty-one horses are entered in the five races that make up the Best of Ohio, an event that figures to benefit in future years from video lottery terminal revenue.
Most Popular Stories
- TJC Acquires Majority Interest in Blood-Horse
- Insights on Jockey Club's Purchase of B-H
- Charles Town, Oaklawn Cancel Friday Cards
- New Round of Casino Bidding OK'd in New York
- Dr. Tony Ryan Book Award Semifinalists Named
- Baffert: Dortmund is 'Figuring it Out'
- McCarron Named New Trainer at Merryland Farm
- Churchill Weighs In on Its Racing Operations
- Horton Considers Rebel for Take Charge Brandi
- North Dakota May Owe Bankrupt ADW Millions