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.
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.
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.
Legislation 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%.
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.
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.
A meeting of Ohio gambling interests, including representatives of the state's seven racetracks, is scheduled for March 24 in Columbus.
The 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.
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.
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.
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.
A proposal to finance a new stadium for the Indianapolis Colts by utilizing expanded gaming in downtown Indianapolis appears to be dead.
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.
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.
The new holder of New York's Thoroughbred franchise would pay the state a one-time fee of $250 million, under a plan proposed Tuesday by Gov. George Pataki.
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.
Newly 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.
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.
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.
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.
Planners of a Thoroughbred racetrack near Erie are weighing two location options pending a Sept. 15 license amendment decision from the Pennsylvania Horse Racing Commission.
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.
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.
The Illinois legislature adjourned its "overtime" spring session without acting on a package of gaming reforms that could have brought slot machines to racetracks.
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.
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.
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.
A 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.
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.
Legislation 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.
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.
A 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.
Monticello 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.
Monticello 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.
Plagued 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.
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