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BloodHorse.com Articles for "Vlts"

Partners Granted Permit for Thistledown

The company whose permit to operate Thistledown was approved by the Ohio State Racing Commission Aug. 22 indicated the planned video lottery terminal operation at the racetrack will be more than temporary.

 Wednesday, August 22, 2012
Maryland Gaming Law Fairly Neutral on Racing

Maryland Gaming Law Fairly Neutral on Racing

A law expanding casino gambling in Maryland alters some tax and revenue percentages but should keep the horse racing industry whole, according to fiscal projections associated with the measure.

 Friday, August 17, 2012

PNGI Extends Live Racing Deal at Rosecroft

Penn National Gaming Inc. said Aug. 7 it will continue to offer live harness racing at Rosecroft Raceway in Maryland for two more years--if another Prince George's County location isn't chosen as the location for a casino.

 Tuesday, August 07, 2012

Track Relocation Rules Approved in Ohio

The Ohio State Racing Commission July 10 began the process of transferring racing licenses from existing racetracks to new locations.

 Friday, July 13, 2012

VLT Revenue at Ohio Track Exceeds Estimates

The only racetrack gaming facility in Ohio generated $11 million in revenue in its first month of operation, the Ohio Lottery Commission reported.

 Tuesday, July 10, 2012
PNGI Applies for VLTs, OH Track Relocations

PNGI Applies for VLTs, OH Track Relocations

Penn National Gaming Inc. on June 30 filed requests for video lottery terminals and to relocate its two Ohio racetracks.

 Monday, July 02, 2012
Protecting Gaming Purse Funds a Challenge

Protecting Gaming Purse Funds a Challenge

Protecting purse revenue from alternative gaming can be as hard, or harder, than winning legislative approval for it, horsemen said June 30 during a National Horsemen's Benevolent and Protective Association roundtable talk.

 Saturday, June 30, 2012

Policy Group Appeals Latest Ohio VLT Ruling

The Ohio Roundtable has appealed a Common Pleas Court ruling that said it didn't have legal standing to sue the state and others over the 2011 law that legalized racetrack video lottery terminals.

 Friday, June 29, 2012

PNGI Preparing to Act on Beulah Relocation

Penn National Gaming Inc. is preparing applications in Ohio for video lottery terminals and relocation in connection with its plan to move Beulah Park to the Youngstown area.

 Friday, June 22, 2012
Decisions on OH Racetrack Relocations Near

Decisions on OH Racetrack Relocations Near

The Ohio State Racing Commission probably will rule on racetrack license transfers during the third quarter of this year, OSRC chairman Robert Schmitz said June 11.

 Tuesday, June 12, 2012

Thistledown to Install VLTs; Move Possible

The owner of Thistledown near Cleveland said June 6 it has a memorandum of understanding with the State of Ohio to install video lottery terminals at the racetrack, but also reserves the right to move the operation.

 Thursday, June 07, 2012

Racing Language Protected in OH Gaming Bill

Language pertaining to the horse racing industry remained intact May 24 when the Ohio House of Representatives and Senate passed a casino cleanup bill that was sent to Republican Gov. John Kasich for his signature.

 Friday, May 25, 2012

VLT Casino to Open Despite Legal Challenge

It appears Scioto Downs, a harness track in Columbus, will be the first racetrack in Ohio to open its video lottery terminal casino.

 Tuesday, May 22, 2012
KY Downs Instant Racing Handle Near $82M

KY Downs Instant Racing Handle Near $82M

More than $81.95 million was bet through Instant Racing machines at Kentucky Downs from Sept. 1, 2011, through April 30, 2012, according to the latest figures from the Kentucky Horse Racing Commission.

 Thursday, May 17, 2012

Ohio Bill Sets VLT Purse Share at 9% Minimum

Casino cleanup legislation passed by the Ohio Senate May 10 has some new horse racing-related language, including a section that ensures the industry will get no less than 9% of gross revenue from racetrack VLTs.

 Friday, May 11, 2012

PNGI: Status Quo on Ohio Tracks for Now

Penn National Gaming Inc., which owns two racetracks in Ohio, said it will run full live racing schedules at both tracks for the rest of this year and possibly next year depending on resolution of a legal challenge.

 Tuesday, May 08, 2012

Catskills Resort Buyer Hoping to Build Casino

The sale of a former destination resort complex in the Catskills region of New York has been finalized, with its new owners hoping to become casino operators if the state legalizes expanded gambling ventures next year.

 Friday, April 27, 2012
KY Court to Act Quickly on Instant Racing

KY Court to Act Quickly on Instant Racing

The Kentucky Court of Appeals is expected to issue an opinion on the challenge to Instant Racing machines in four to six weeks, one of three judges said April 25 after hearing oral arguments on the issue.

 Wednesday, April 25, 2012

Finger Lakes Ready for 50th Racing Season

Finger Lakes Casino & Racetrack in western New York will celebrate its 50th year of Thoroughbred racing with a 163-day meet that begins April 20.

 Thursday, April 19, 2012
WV Derby Returns to Television This Year

WV Derby Returns to Television This Year

The $750,000 West Virginia Derby (gr. II) will return to television this year as part of an $800,000 promotional package approved April 13 by the West Virginia Racing Commission.

 Friday, April 13, 2012

Oral Arguments Heard in Ohio VLT Lawsuit

The Ohio Roundtable contended in oral arguments April 3 that a 2011 law passed by the Ohio General Assembly allowing the state Lottery Commission to install video lottery terminals at racetracks is unconstitutional.

 Thursday, April 05, 2012

Ohio Track in Joint Venture With Hard Rock

A Cleveland, Ohio-area racetrack has partnered with a casino company to develop a gaming facility with video lottery terminals and related entertainment offerings.

 Thursday, April 05, 2012

PNGI Has Deal to Relocate Two Ohio Racetracks

Penn National Gaming Inc. said March 16 it has reached an agreement with Republican Ohio Gov. John Kasich to relocate two racetracks in the state to capitalize on video lottery terminals in new markets.

 Friday, March 16, 2012

Revenue Up But Net Loss for MTR Gaming Group

MTR Gaming Group reported solid growth in net revenue for the fourth quarter of 2011 but a net loss for the quarter and the year.

 Friday, March 09, 2012

Arguments in Ohio VLT Lawsuit Postponed

Oral arguments in a lawsuit challenging video lottery terminals at Ohio racetracks have been postponed, officials said.

 Friday, March 09, 2012
Cuomo: New York is 'In Denial' About Casinos

Cuomo: New York is 'In Denial' About Casinos

The governor of New York is still not ready to divulge where he thinks new casinos should be located in the state, but said people are in a "state of denial" if they think casino gambling does not already exist in New York.

 Thursday, March 08, 2012

OH Horsemen Fight Breeding Fund Money Grab

Ohio horsemen are lobbying the state Senate to alter language in House-passed legislation that would shift pari-mutuel revenue for breeding funds to municipalities that host racetracks.

 Tuesday, March 06, 2012

Lebanon Raceway Bought by Delaware North, CDI

Delaware North Companies Gaming & Entertainment and Churchill Downs Inc. announced March 1 their joint venture to purchase Lebanon Raceway in Lebanon, Ohio, and develop a new video lottery terminal facility.

 Thursday, March 01, 2012
Major Purse Hikes Set for Belmont, Saratoga

Major Purse Hikes Set for Belmont, Saratoga

Stakes purses at the Belmont Park and Saratoga meets this year will increase roughly 27%, while overnight purses will jump about 42%, the New York Racing Association said Feb. 29.

 Wednesday, February 29, 2012
Optimism and Wariness as Mountaineer Reopens

Optimism and Wariness as Mountaineer Reopens

Mountaineer Casino, Racetrack & Resort will begin its 10-month meet March 2 with some upgrades and increased promotion, but officials also are keeping an eye on neighboring states as they expand gambling opportunities.

 Tuesday, February 28, 2012
NY Racetracks Touting Expansion Benefits

NY Racetracks Touting Expansion Benefits

New York's nine racetracks, which are lobbying to expand their businesses into full-fledged casinos, claim 8,200 permanent jobs would be created if they are permitted to enhance their gaming operations.

 Tuesday, February 28, 2012

Judge Lets Parties Intervene in Ohio VLT Case

A judge issued an order Feb. 24 allowing several gambling interests to intervene in a lawsuit filed by the Ohio Roundtable challenging a law allowing Ohio racetracks to install video lottery terminals.

 Saturday, February 25, 2012

Groups Ask to Intervene in Ohio VLT Lawsuit

Representatives of several Ohio gambling operations testified Feb. 21 in Franklin County Common Pleas Court seeking permission to intervene in a lawsuit brought by the Ohio Roundtable.

 Wednesday, February 22, 2012

Parties Will Intervene in Ohio VLT Lawsuit

Oral arguments on a lawsuit filed to stop the installation of video lottery terminals at Ohio racetracks has been postponed to give interested parties a chance to intervene.

 Sunday, February 19, 2012
Report Helps NY Racetrack Casinos Make Case

Report Helps NY Racetrack Casinos Make Case

A report done for the New York Gaming Association says the organization's members -- nine racetrack casinos in the state -- generate almost $2 billion a year in economic output.

 Thursday, February 16, 2012
Racing-Related Funds Targeted in MD, PA

Racing-Related Funds Targeted in MD, PA

Legislation that would divert gaming revenue for horse racing to other sources has been introduced in Maryland, and in Pennsylvania the governor has taken similar action in his 2012-13 state budget.

 Tuesday, February 07, 2012
Cuomo Shoots Down Plan for Belmont Casino

Cuomo Shoots Down Plan for Belmont Casino

New York Gov. Andrew Cuomo is dismissing efforts to develop a casino at Belmont Park, which would serve as direct competition to the nearby video lottery terminal facility at Aqueduct.

 Friday, February 03, 2012

Beulah Park Will Likely Move to Youngstown

Penn National Gaming Inc. now plans to request to move Beulah Park near Columbus, Ohio, to a site near Youngstown rather than Dayton, according to its latest financial report.

 Thursday, February 02, 2012

Central Ohio Track First to Get VLT License

A central Ohio racetrack is the first of seven tracks in the state to receive a license to install and operate video lottery terminals.

 Thursday, January 26, 2012
NYRA Criticized Again in New State Audit

NYRA Criticized Again in New State Audit

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.

 Tuesday, January 24, 2012

OH Policy Group Continues VLT Challenge

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.

 Tuesday, January 24, 2012
Push for Expanded Gambling Intensifies in NY

Push for Expanded Gambling Intensifies in NY

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.

 Friday, January 20, 2012
New York Officials Discussing Casino Ventures

New York Officials Discussing Casino Ventures

Genting New York is considering an initial expansion into a 70,000-square-foot area at Aqueduct Racetrack if the state legalizes additional forms of gambling, including table games.

 Friday, January 06, 2012
NY Panel Issues Plan for Retired Racehorses

NY Panel Issues Plan for Retired Racehorses

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.

 Sunday, December 25, 2011

Ohio Anti-VLT Group Given Deadline for Suit

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.

 Friday, December 23, 2011
MD Groups Commit to Discuss Long-Term Plan

MD Groups Commit to Discuss Long-Term Plan

Maryland racing industry officials already have scheduled their first meeting to devise a long-term strategy for live racing in the state beyond 2012.

 Wednesday, December 21, 2011

MTR Gaming Applies for Ohio VLT License

The parent company of Mountaineer Casino, Racetrack & Resort in West Virginia and Presque Isle Downs & Casino in Pennsylvania is the first to apply for a video lottery terminal license in Ohio.

 Tuesday, December 20, 2011

State Wants Ohio VLT Lawsuit Dismissed

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.

 Saturday, December 10, 2011
Deadline Set for Ohio VLT Court Challenge

Deadline Set for Ohio VLT Court Challenge

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.

 Tuesday, November 29, 2011

NY Racetrack Casinos Preparing for Changes

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

 Thursday, November 10, 2011
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