Churchill Downs reports strong third quarter revenue and earnings gains, but warns the gains could be offset by the end of the year. Penn National also reports strong revenue and earnings.
Former Calumet Farm president J.T. Lundy got a four and half year prison sentence for defrauding a Houston bank out of $65 million. Gary Matthews, the farm's former chief financial officer, got 21 months. Alydar became part of the hearing, but the judge found no conclusive evidence the stallion was killed for insurance money, as federal prosecutors alleged.
Formal bidding on New York City Off-Track Betting Corp. began Thursday. Organizations have until Nov. 10 to submit a formal bid for the nation's most lucrative OTB franchise.
Arlington International Racecourse reported a significant increase in handle and solid attendance following its 103-day meet. Total handle from all sources increased 10.7% to $333,177,106, up from a total handle of $300.9 million reported in 1997, which is when Arlington last ran a live meet. Last year, Arlington's dates were run at Hawthorne Race Course.
Keeneland's Internet auction sells 13 yearlings for a total $500,200, or an average price of $38,477.
Two owners and seven jockeys were indicted Wednesday for allegedly fixing 15 races at Penn National between January and May. If convicted, they face up to five years in prison and fines up to $250,000.
The West Virginia Lottery Commission granted 500 more slot machines to Penn National Gaming, which will install the machines at Charles Town Races.
Keeneland's second online auction of yearlings will offer 95 horses, or 27% more than the first online session Sept. 16. The online sale is for horses that didn't bring their reserve prices during the ongoing live auction.
Woodbine Race Course rescheduled the Atto Mile (Can-IT) to fit a one-hour slot in NBC's Racing to the Breeders' Cup coverage. The ratings were not sterling, but network coverage provided 618,000 more viewers.
A special committee will decide which New York City Off-Track Betting suitors can formally bid to purchase the OTB franchise. New York City Mayor Rudolph Guliani is expected to appoint the committee by the end of the week.
ESPN and espn2 will expand their coverage of Saratoga racing from 1 1/2 hours to 2 1/2 hours beginning next year.
Steady rain forced Laurel Park to cancel 56 turf races during its summer meet and was also cited for a 5% drop in total handle and a 4% decline in attendance.
An Arkansas judge today dismissed a lawsuit aimed at shutting down an electronic racing game offered at Oaklawn Park.
A northern Idaho Indian casino lost its third racetrack signal Aug. 4 as punishment for paying rebates.
FOX Sports would cut its Thoroughbred racing coverage at least in half next year if it renews a contract with Major League Baseball in late August.
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