MGM Mirage has ended its deal with the New York Racing Association to build and operate a video lottery terminal casino at Aqueduct.
A study authorized by New York City Off-Track Betting Corp., the largest such entity in New York, recommends action designed to maximize the operation and capitalize on marketing opportunities.
Legislation to authorize Instant Racing machines has been introduced in the Ohio House of Representatives and Senate.
If West Virginia's governor signs legislation passed by both houses of the state legislature, voters in four counties will decide the fate of table games at four racetracks in the state.
Legislation to authorize slot machines at Indiana's two pari-mutuel racetracks has cleared a second House committee.
The West Virginia House of Delegates has approved legislation that would allow the counties in which four racetracks are located to vote on table games at the facilities, which already have video lottery terminals.
A Virginia Senate committee has approved legislation that would authorize Instant Racing machines at Colonial Downs and off-track betting parlors.
New York state officials said talks are under way to permit construction to proceed on a casino at Aqueduct, and a crack has opened to possibly permit more video lottery terminals in the state. Additionally, there is a plan by the state to provide more public assistance to keep the New York Racing Association afloat through 2007.
Legislation to authorize table games at West Virginia racetracks was introduced Jan. 30 in the state legislature.
The New York Racing Association is asking a federal bankruptcy judge to halt the state's plan to turn Aqueduct, Belmont Park, and Saratoga over to the next Thoroughbred franchise-holder.
For the third time in 16 years, Ohioans soundly rejected the expansion of gambling in Ohio, this time routing a racetrack-backed proposal to put video lottery terminals at seven tracks and two non-track locations in Cleveland.
The New York Racing Association has filed for Chapter 11 bankruptcy protection, charging that the state of New York's failure to approve a long-stalled casino project for Aqueduct Racetrack has pushed it toward insolvency.
A referendum to allow video lottery terminals at seven racetracks and two stand-alone casinos in Ohio will be on the November ballot because supporters of the measure have obtained the required number of certified signatures.
New York's top fiscal officer has warned a state agency that its delay in approving a video lottery terminal casino contract for Aqueduct is costing the state needed revenue and risking bankruptcy for the New York Racing Association.
A top Las Vegas casino company is assuring New York officials it's anxious to get started with construction of a video lottery terminal casino at Aqueduct.
The New York Racing Association is facing the same financial crisis as it did a year ago unless the state opens its wallet with cash advances that have already been approved by the state legislature.
Supporters of video lottery terminals at Ohio racetracks have submitted an additional 43,879 petitions they say will meet the required number needed to put a VLT referendum on the November ballot.
A petition drive to allow a vote on video lottery terminals at Ohio racetracks was 8,716 signatures short as of Aug. 30, but more will be submitted within the next two weeks.
Issuing what he termed a "call to action to horsemen and all of the racing community," New York Racing Association president and chief executive officer Charles Hayward asked horsemen for their cooperation in lobbying Gov. George Pataki for immediate permission to install and operate 4,500 video lottery terminals that have been delayed at Aqueduct.
Concerned Citizens for Saratoga Racing, a group that includes several prominent horsemen, has called on the state to make continuation of spring and fall training in Saratoga Springs, as well as submission of all expansion plans for Saratoga to local government for approval, required under the request for proposal to operate Saratoga, Aqueduct, and Belmont Park.
With ongoing declines in Thoroughbred breeding and racing in Ohio, and a possible November referendum for racetrack gaming in the state, organizers of this year's Midwest Regional sale said the industry has reached a "pivotal" point.
Supporters of video lottery terminals at the seven racetracks in Ohio have submitted 624,625 signatures to put the issue on the November ballot.
Supporters of video lottery terminals at Ohio's seven racetracks have collected 117,000 more signatures than needed to put the issue on the November ballot, though they must be validated.
Supporters of video lottery terminals at Ohio racetracks have started circulating petitions to put the issue on this year's November ballot.
Three groups seeking to legalize video lottery terminals at Ohio racetracks have decided to join forces rather than pursue their own ballot questions, which have generated conflict.
As Delaware Park begins its 69th season of Thoroughbred racing, management has announced a major Las Vegas-style expansion of the facility pending approval from New Castle County, where the track is located.
Ohio Attorney General Jim Petro has rejected requests of three groups seeking to put the issue of video lottery terminals at racetracks on the ballot this year.
The projected costs of the New York Racing Association's video lottery terminal casino keep soaring, and state officials are voicing renewed concerns about the delay in building the new gambling facility at Aqueduct racetrack.
A deal to provide a $20-million bailout to the New York Racing Association received Senate approval March 1 and heads to Gov. George Pataki for his signature.
New York state could reap at least $2.1 billion if it auctions off video lottery terminal franchises at Aqueduct and Belmont racetracks, sells the tracks now run by the New York Racing Association, and privatizes the six regional off-track betting corporations now scattered around the state.
Friends of New York Racing, formed to advocate a new economic model for the pari-mutuel industry in the state, believes backstretch health and welfare issues should be addressed as part of the selection process for the New York Racing Association franchise.
New York would add three additional casinos featuring video lottery terminals, which would be permitted to locate near the New York Racing Association's future Aqueduct racino, Gov. George Pataki proposed Jan. 17.
With construction set to start on a video lottery terminal casino at Aqueduct in late January, racetrack, the New York Racing Association is pushing the state of New York to provide an additional $20-million bailout before spring.
New York officials need to act quickly to launch a major overhaul of racing laws to help jumpstart the state's $1.4-billion Thoroughbred racing industry, Friends of New York Racing concluded in its year-end report on the status of pari-mutuel horse racing in the state.
A revenue-sharing deal for video lottery terminals at Aqueduct would give horsemen 7.5% of gross gaming revenue for the first three years, and breeders 1.25% for the first five years, once the devices are operating.
An Aug. 26 presentation on the status of the Kentucky lottery and a scholarship fund that derives money from it led to a call for more funding, even if it means legislators would have to approve expanded gambling to generate the revenue.
Thoroughbred interests in West Virginia are hopeful lawmakers will correct action that took revenue for a proposed breed development program at Mountaineer Race Track and Gaming Resort and shifted half of it to an incentive program for racing Greyhounds.
The New York Racing Association will be placed under the watchful eye of a state oversight panel, Gov. George Pataki announced June 23, while the bidding process for the rights to the franchise to operate NYRA's three tracks will be accelerated.
The New York Racing Association and MGM Mirage announced June 16 that they have formally entered into a deal in which the Las Vegas gambling company will develop and manage a new video lottery terminal casino at NYRA's Aqueduct racetrack.
Oklahoma may be less than two weeks away from having its first racetrack casino operation licensed, and a June 16 meeting should chart the course of on-track electronic gaming in the state.
New York Racing Association officials say they are rushing toward a new video lottery terminal revenue sharing deal with horsemen and breeders that would avoid the need for pending legislation at the state Capitol to reach a VLT agreement.
The regular session of the Texas legislature concluded without tossing so much as a crumb toward horse racing, but the state's racing industry remains hopeful lawmakers could soon consider video lottery terminals for racetracks.
Horsemen and breeders have turned to New York legislators to resolve a dispute over video lottery terminal revenue-sharing arrangements with racetracks.
A 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.
The New York Racing Association has struck a tentative deal with horsemen on a revenue-sharing arrangement for future proceeds from video lottery terminals at Aqueduct Racetrack.
The 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.
New 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.
A 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.
The 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.
The 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.
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