The Illinois Racing Board June 25 formally allocated $23 million in casino money to the state's racing interests amid hopes it will bridge a financial gap until a broader gaming expansion bill is approved.
The New York Racing Association board of directors met June 10, partly in closed session, but said afterward no decision had been made on selecting a chief executive officer to lead the organization.
Advance deposit wagering companies were accepting wagers from Illinois residents June 7.
A major expansion of gaming in Illinois, including slot machines for tracks, was sidetracked again as lawmakers deadlocked on several key issues in the final day of their spring session.
Issues critical to the future of Illinois horse racing hung in the balance May 28 as the legislature entered the final scheduled week of its spring session.
Illinois racing dates may be vacated and laboratory operations curtailed if the state legislature does not quickly reauthorize advance deposit wagering, Illinois Racing Board officials said April 30.
The Arcadia, Calif., track received final handle figures for its winter-spring meeting April 25. Handle improved 3% to $710,813,700. That increase came during a first quarter that saw U.S. handle decline 2.81%.
Despite concerns voiced by one member, the Kentucky Horse Racing Commission has approved an additional 40 historical race wagering machines and additional types of games and wagers at Kentucky Downs.
The Kentucky House Appropriations and Revenue Committee passed legislation authorizing a tax on advance deposit wagering Feb. 12, but it remains to be seen if all parties agree on the language in the measure.
Legislation authorizing use of mobile devices for betting on horse races was signed into law by New Jersey Gov. Chris Christie Jan. 28.
At least three of four major advance deposit wagering companies continue to take bets from Illinois residents even though the action is illegal as of the beginning of the year, the Illinois Racing Board said Jan. 3.
Advance-deposit wagering will be illegal in Illinois effective Jan. 1, 2013, because the General Assembly has failed to renew enabling legislation, the Illinois Racing Board ruled Dec. 18.
The online wagering market will gain a new player this spring after Sportech Venues gained state approval to launch an Advance Deposit Wagering service at its Winners off-track betting unit in Connecticut.
Churchill Downs Inc. officials said Nov. 6 the company had a "decent" third quarter in 2012 and is poised for growth in 2013-14.
Customers continue to receive letters from TwinSpires.com informing them of an early August security breach that allowed access to basic personal information.
Due to a reporting error on in-state advanced deposit wagering bets during the final two weeks of the Del Mar meeting, the track has adjusted slightly downward its final figures on handle for its just-concluded meeting.
AmWest Entertainment has launched a player-driven wagering website called AmWager.com, the company announced Aug. 1.
Churchill Downs Inc. reported net earnings of $1.4 million in the first quarter of 2012, a reversal from a $3.2 million loss during the first three months of 2011.
TVG, the racing network and advance deposit wagering service, reported substantial pari-mutuel handle gains by partner racetracks April 14.
Sportech launched several initiatives, including a Spanish-language wagering website for Camarero Race Track in Puerto Rico and advance deposit wagering through Evangeline Downs & Casino in Louisiana.
The New Jersey Sports and Exposition Authority said March 1 it has reached an agreement with the New Jersey Thoroughbred Horsemen's Association for the lease of Monmouth Park in time for the track's 2012 racing season.
Representatives of eight advance deposit wagering companies seeking licenses to do business in Kentucky appeared before a racing commission subcommittee Feb. 29 to answer questions about their applications.
Legislation that would tax pari-mutuel wagers made by Kentucky residents through advance deposit wagering services passed the House of Representatives by a 79-15 vote Feb. 24.
Legislation that would tax pari-mutuel wagers made by Kentucky residents through advance deposit wagering services was approved in committee Feb. 21 and heads to the House of Representatives.
Prairie Meadows Racetrack and Casino and the Iowa Horsemen's Benevolent and Protective Association have selected TVG as the provider for an advance deposit wagering system.
The National Horsemen's Benevolent and Protective Association will tackle several issues, including governmental affairs, high volume pari-mutuel bettors, and use of furosemide on race day during its convention Jan. 12-16.
Legislation that would impose an excise tax on advance deposit wagers made by Kentucky residents was introduced in the state House of Representatives Jan. 9.
Difficulty in obtaining pari-mutuel wagering pool data and detailed player data is a major hindrance to the racing industry determining the optimal price point for takeout rates, symposium speakers said Dec. 7.
The Kentucky General Assembly probably will consider legislation in 2012 that taxes bets made by Kentucky residents through advance deposit wagering systems to bolster the Kentucky Thoroughbred Development Fund.
Keeneland has launched its own advance deposit wagering system, which is available to residents of Kentucky, Arkansas, Florida, Louisiana, and Ohio.
- By Tom LaMarra
The Jockey Club Aug. 14 announced a nine-step plan for the betterment of horse racing and breeding and expects to spend millions of dollars over the next five years to implement it.
Legislation that will expand advance deposit wagering in Louisiana was signed into law by Gov. Bobby Jindal June 30.
Churchill Downs Inc. expects continued growth in its online wagering business, and with a little help from the Illinois governor, expansion of its gaming operations.
The top horse racing regulatory agency in Kentucky has approved regulations governing the licensing of advance deposit wagering providers and totalizator companies.
Calder Casino & Race Course and the Florida Horsemen's Benevolent and Protective Association's board of directors June 3 jointly announced a 7.5% purse increase beginning with Calder's June 3 race card.
The Keeneland Association has announced it will launch an advanced deposit wagering system this fall.
Lawmakers in New York said they plan to put off until next year passage of a measure permitting casino gambling in the Catskills resort region of the state.
Whether gross or average figures are used, pari-mutuel handle for the Santa Anita Park winter/spring was down, according to information compiled from various sources.
Churchill Downs Inc. plans to expand beyond pari-mutuel wagering should online gambling be legalized on the state or federal levels, company officials said March 15.
Churchill Downs Inc. reported net earnings from continuing operations of $19.6 million in 2010, up from $17.7 million for 2009.
- By Tom LaMarra
Churchill Downs Inc. and Daily Racing Form are at odds over the publishing company's launch of an advance deposit wagering system powered by XpressBet.com, which is owned by CDI rival MI Developments.
Bills authorizing participation in an interstate racing compact and some oversight of advance deposit wagering companies have passed the Kentucky House and Senate.
The New Jersey Sports and Exposition Authority officially released a request for proposals for the lease of Monmouth Park.
The Kentucky Senate passed a bill March 3 authorizing the licensing of advance deposit wagering companies and a requirement that they report pari-mutuel handle on Kentucky races.
Republican New Jersey Gov. Chris Christie March 3 vetoed a bill that would have made the state the first in the nation to legalize Internet gambling on something other than pari-mutuel horse racing.
Legislation calling for state licensing of advance deposit wagering companies advanced March 2 as Kentucky lawmakers try to get a handle on the fast-growing operations.
During an event with political overtones, Churchill Downs Inc. introduced its renovated TwinSpires.com offices in Lexington Feb. 15 with a message: We'll invest in Kentucky as long as it remains horse capital of the world.
Satisfied that owners were getting as much as possible for purses from a recent state increase in takeout, the California Horse Racing Board granted three advance deposit wagering companies one-year extensions Jan. 20.
Racetracks and OTB corporations in New York are circulating a draft agreement to permit live video streaming of races over the Internet -- a move supporters said could help pick up some business.
Advanced Deposit Wagering regulations that would be among the stiffest in the country were tabled during the Kentucky Horse Racing Commission's meeting Dec. 13 after objections were raised by the president of Churchill Downs.
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