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Parties in New York Finalize VLT Revenue Deal

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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.

Kentucky Scholarships Generate Talk of Gaming

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.

Horsemen's Money Goes to Dogs--But Not for Long?

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.

Pataki Sees 'Significant NYRA Reform' in Deal

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.

NYRA, MGM Finally Sign Contract

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.

NYRA Pursues Video Lottery Revenue Pact

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.

Texas Industry Still Hoping for Gaming Vote

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.

Texas VLT Push Stonewalled at Last Minute

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.

New York Lawmakers Approve VLT Changes

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.

New York Legislators Push VLT Budget Measure

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.

New York Lawmakers Said to Have VLT Deal

Lawmakers 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.

Ohio Gaming Supporters Want Statewide Poll

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Gambling 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.

New York VLT Bills Approved by Senate

Seeking 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.

Mixed Bag for New York Racing Proposals

The 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.

Instant Racing Has First One-Day $1M Handle

Instant 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.

Indiana Legislator Wants Unity on Racino Issue

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Two 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.

West Virginia Purses Would Help Pay Comp Debt

Representatives 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.

Evangeline Slots: $12M for Horsemen in 2004

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Slot 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.

First VLT Election in Florida Set for March

The 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.

Michigan Racing Commissioner to Leave Post

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Michigan 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.

Once Again, Ohio Racetrack VLT Push Looms

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A 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.

Passage of Michigan Proposal Hinders Racing

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Michigan 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.

Magna Back in Hunt for Pennsylvania Track License

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The 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.

NY Legislature Ends Without Racing, VLT Bills

A measure to encourage the operation of video lottery terminals at several big racetracks in New York, including the New York Racing Association's Aqueduct track, collapsed Aug. 12 in Albany amid industry infighting, political intrigue and head-butting among powerful lobbyists.

Michigan Racino Bill Still in Conference Committee

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Officially 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.

Instant Racing Handle Nears $100M Mark

RaceTech, 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.

Conflict Over Charles Town Project Resurfaces

Just 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.

Will Saratoga Neighbor Add More Gaming Machines?

Not 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.

Maryland Eyes Special Session to Tackle Gaming

With 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.

Analysts: New York Racinos No Sure Bet

Hit 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.

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