A decrease in Churchill Downs' third quarter earnings has been attributed to an increase in outstanding shares and the aftermath of Sept. 11's terrorist attacks.
Second-day momentum at Fasig-Tipton's Kentucky October yearling sale helped deliver some statistical gains over last year's significantly larger edition.
An agreement struck over the weekend will allow all online and telephone account wagering services to put the World Thoroughbred Championships on their menus Oct. 27.
Gross sales, average price, and median price all dropped during Monday's opening session of the Fasig-Tipton Kentucky Fall Yearling sale. The session's top-selling colt by Unbridled out of Debit My Account sold for $360,000.
The public companies that own Mountaineer Park and Canterbury Park were recognized by Forbes magazine this week as two of the country's top 200 small companies.
Graded stakes winner Intidab will stand the 2002 season at Wycombe House Stud near Redding, Fla.
D. Wayne Lukas is heading to the Breeders' Cup Classic (gr. I) with longshot Orientate, winner of the Indiana Derby.
British contractor Robert Killoran has defaulted on 10 summer yearlings purchases worth more than $3.3 million. The Keeneland Association filed a lawsuit against Killoran Tuesday, and the Fasig-Tipton sales company intends to sue.
The second Keeneland online auction for September yearlings that didn't bring their reserves during the live sessions sold five horses for a total of $27,800. Keeneland said the sale is a work in progress.
MTR Gaming Group (Nasdaq:MNTG), the owner/operator of Mountaineer Racetrack & Gaming Resort in West Virginia, reported a 20 percent drop in revenue in the two weeks following the Sept 11. terrorist attacks on New York and Washington, D.C.
John Giovanni, former head of the Jockeys' Guild, filed a lawsuit Sept. 20 alleging that he was slandered by Guild officers and illegally forced out of his position in June.
The U.S. Department of Agriculture gave its approval today to a foot-and-mouth quarantine facility at Aqueduct. The decision will make it easier for European horses to compete in Breeders' Cup World Thoroughbred Championship prep races at Belmont Park.
Churchill Downs' board of directors authorized the repurchase of up to 55,000 shares. The buy-back was authorized to help stablize the company's stock price and contribute to stablizing the market overall. Despite financial experts pleas to investors that they should not react to the terrorist attacks in New York and Washington D.C., the major stock markets sustained significant losses.
Keeneland will begin posting on its Website Saturday afternoon some of the yearlings available through its Internet RNA auction. Online bidding begins at 9 a.m. Sept. 26 and the closes horse-by-horse at five minute intervals by hip number starting at 2 p.m. on Sept. 27.
Greenwood Racing will make donations totaling $100,000 to charities involved in disaster relief efforts in the City of New York resulting from the attack on the World Trade Center Towers on September 11, 2001.
Flame Thrower will stand at Robert Slack's Stoneriggs Farm near Ocala, Fla. He will stand for $8,500 with a live foal guarantee.
Dubai Destination, a $1.5 million Keeneland July sale purchase owned by Godolphin Racing, won his first stakes race Friday at Doncaster in the Rothmans Royals Champagne Stakes (Eng-II). It was the colt's third start, and his impressive victory made has made him the favorite for next season's Sagitta 2000 Guineas. Godolphin's Ekraar won the Amco Corp. Troy Stakes the same day.
The shutdown of New York airports will keep Beautiful Pleasure and Hero's Tribute out of important graded stakes races at Belmont Park on Saturday.
Breeders' Cup officials have only just begun thinking about how the World Trade Center disaster could affect the World Thoroughbred Championships at Belmont Park on October 27.
Del Mar reported across-the-board increases and a record total handle of $518.3 million for its 43-day meet that ended Wednesday.
Saratoga attracted more than a million fans for the first time in its 137-year history. The crush of additional fans caused a slew of statistical records to fall.
Ellis Park fought off the chilling effects of escalating gasoline prices and a sluggish economy to post gains in attendance and wagering.
Cashier's Dream dominated a field of six other horses in the $200,000 Spinaway Stakes (gr. I) at Saratoga.
Hoof and mouth quarantine restrictions on imported European horses is keeping some horses out of major Breeders' Cup World Thoroughbred Championships prep races at Belmont Park. NYRA hopes to secure an exemption to the quarantine rules next week and have a quarantine facility at Aqueduct set up in time for races on Sept. 29.
Portland Meadows will not open Sept. 1 as planned because the Environmental Protection Agency has rejected a plan to keep contaminated storm water from leaving the racetrack property. Magna Entertainment was notified Tuesday that the plan was rejected. The environmental problems could accelerate the company's plans to build a new racetrack in the area.
Youbet.com today announced the opening of its new Oregon wagering hub. The new hub allows Youbet.com customers access to racetracks previously available only through the TV Games Network. Along with the new hub, Youbet has adjusted its price. The service now charges a fee per transaction instead of a monthly fee.
The annual Del Mar yearling sale set a record average price of $43,663 this week. The two-day sale at the Del Mar HorsePark sold 104 horses for a total $4,541,000. Monday's session was responsible for elevating the average price. Seven horses sold for $100,000 or more compared to five during last year's entire sale. Tuesday session was weaker overall, but still an improvement over last year's second session.
Seven horses sold for more than $100,000 during Monday's opening session of the two-day Del Mar yearling sale. Last year, five horses sold in this price range for the entire sale. The average price for the first session was $52,918, far above the sale's record average price of $36,798 set in 1999.
A Jockey Club investigation found no evidence that mares were bred using artificial insemination at Southern California's Valley Creek Farm.
City Zip kept his winning streak at Saratoga alive Friday when he held on to win the $125,000 Amsterdam Stakes (gr. II) by a narrow margin over Speightstown.
Magna Entertainment reported an 11% increase in revenue and a 21% increase in earnings before interest, taxes, depreciation, and amortization for the second quarter ending June 30. The recent quarter was the first to include all the company's operations.
MTR Gaming Group (Nasdaq:MNTG) has received permission to increase the slot machines at Mountaineer Race Track by 31%. The new machines will raise the track's total number of video and slot machines to 2,500.
The last of four programs in the NTRA Champions series on CBS earned an overnight rating of 1.1 and captured 3% of the viewing audience. The ratings equaled the combined numbers for last year's NTRA Champions on Fox series.
Total handle for Belmont Park's 55-day meet increased 4.8%, but on-track numbers continued to be weak. Average daily on-track handle was flat at $1,929,951, while average daily attendance fell 5.9% to 8,025.
A Churchill Downs executive said Wednesday he hoped Arlington Park would be awarded the 2002 Breeders' Cup World Thoroughbred Championships within a couple months, but his prediction may have been a bit optimistic.
Uncertainty tinged with optimism permeated the Fasig-Tipton sale pavilion when the company's Kentucky select yearling sale began July 18.
Saratoga will offer full-card simulcasting for the first time in its 133-year history. Patrons will be able to wager on all the races from Monmouth Park when Saratoga's 36-day meet starts July 25.
The California Horse Racing Board gave initial approval Thursday to advertising on jockey attire, owners' silks, and racetrack saddle cloths. The program would be evaluated after one year.
Fasig-Tipton Kentucky's selected yearling sale offered enough quality to keep buyers on the grounds until the very last hip. As a result, the sale average climbed 25.5% to $97,671 and the median jumped 27% to $71,000.
A $400,000 Saint Ballado colt is leading the Thursday session of Fasig-Tipton Kentucky's selected yearling sale. The session's top selling filly is a $300,000 daughter of Gulch.
Keeping in step with rest of the nation, Lone Star Park reported an increase in total handle and decreases in on-track wagering and attendance.
The NTRA Champions series is holding its own on CBS. The first three of four programs have earned a combined 1.1 rating and a 3% market share, which is identical to the combined ratings the series earned on Fox last year.
Jerry Bailey, Jockeys' Guild president emeritus, is resigning Friday from his positions on the Guild's executive committee and board of directors. He is resigning because he believes a five-member majority of the executive committee acted too hastily in hiring Matrix Capital Associates to manage the Guild.
Anchor Gaming, the parent company of United Tote, has agreed to a merger with joint venture partner International Game Technology. If the deal is approved it would create a gaming equipment company with combined annual revenue of $2 billion and control of 60% of the United States market.
Magna Entertainment has signed agreements to take over the operation of Portland Meadows and acquire Multnomah Greyhound Park near Portland, Ore.
Peninsula Gaming Partners announced today it has entered into an agreement to acquire 50% of Evangeline Downs, a racetrack near Lafayette, La.
If Lane's End Farm owner Will Farish is confirmed next week as the next U.S. Ambassador to Great Britain, it will take Churchill Downs two or three weeks to replace him as chairman of the board.
The first of four programs on the revamped NTRA Champions series started well with a final television rating of 1.4. The rating was an 8% improvement over best rating earned last year when the series was on Fox.
The final television ratings for the Belmont Stakes rose 61 percent to a 4.5 and 13 percent market share. The combined ratings for the Triple Crown rose 49 percent to a 6.1 rating and a 17 percent market share.
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