As it approaches its biggest day of the year racing-wise, Mountaineer Casino, Racetrack & Resort is trying to hold its own in a glutted regional gambling market.
Penn National Gaming Inc. reported a net loss of $12.2 million for the second quarter of 2013, compared with a profit of $69.6 million for the three months in 2012.
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.
New York Gov. Andrew Cuomo's plan to create gambling competition for racetrack-based casinos was a topic of an hour-long, closed-door meeting June 18 with legislative leaders trying to end the 2013 legislative session.
A New Jersey lawmaker has introduced a bill to authorize historical race wagering, also called Instant Racing, at racetracks, off-track wagering facilities, and casinos in the state.
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.
A New York racetrack hoping to be considered for a full-scale casino announced a $30 million development project that will include a hotel, event center, and upscale restaurant.
A bill to expand gambling in New Hampshire that would have also opened the door for the return of live Thoroughbred racing at Rockingham Park was killed in a roll call vote of the House of Representatives May 22.
The Toronto City Council May 20 voted 24-20 against expansion of the gaming facility at Woodbine to include more slot machines and table games.
The Maryland Jockey Club expects to begin construction on new barns at Laurel Park this year as part of a long-term capital improvement plan, but it is holding off on announcing details of renovations at Pimlico Race Course.
The New Hampshire House subcommittee studying expanded gambling narrowly voted May 15 to recommend that the bill to allow one high-end, highly-regulated destination casino be killed, but the full House will have its say.
Penn National Gaming Inc. has submitted a formal proposal to build a $700 million casino and resort on the grounds of Rosecroft Raceway, a harness track located just south of Washington, D.C., in Prince George's County, Md.
Several of New York's racetrack gaming facilities would be first in line for full-scale casinos under legislation being finalized by Senate Republicans in the state legislature.
The New York Gaming Association April 29 released a report that shows its nine racetrack-based casino facilities generated $1.8 billion in gross gaming revenue in 2012 and turned over $823 million in taxes to the state.
Testimony on legislation that would authorize casino gambling in New Hampshire began April 16.
The Pennsylvania Equine Coalition, noting another monthly loss in revenue from slot machines at racetrack casinos, predicts an overall reduction of $17 million in the Race Horse Development Fund for fiscal year 2012-13.
A federal judge Feb. 28 upheld a 21-year-old law prohibiting sports betting in 46 of 50 states, dealing a setback to New Jersey's attempts to revive its struggling casino industry.
Gov. Chris Christie Feb. 26 signed legislation legalizing Internet gambling through the Atlantic City casinos. The state legislature passed the bill just a few hours earlier.
A Kentucky lawmaker said a General Assembly vote on a constitutional amendment on casino gambling hinges on several factors, none of which appear to be in place during the current legislative session.
Pinnacle Entertainment plans to begin construction on a new River Downs by the end of March, but the company remains mum on details about the planned Ohio racetrack casino.
New Hampshire Governor Maggie Hassan ardently supported the expansion of gambling in the state when she included $80 million from a casino licensing fee in her budget proposal.
Turfway Park is expected to soon announce this year's Spiral Stakes will be sponsored by Horseshoe Casino Cincinnati, the under-construction gaming facility owned by its parent company.
Suffolk Downs will face much stiffer competition for the sole destination resort casino license designated for the Greater Boston area now that Foxwoods Resort Casino has entered the crowded field in Massachusetts.
Even if Rockingham Park were to win a casino license, a return of live Thoroughbred racing isn't guaranteed. It does remain part of the plan, said an official with a company that would pursue a license if gaming is legalized.
Finger Lakes Casino & Racetrack has started construction on a $12 million expansion of its video lottery terminal facility.
The Florida Senate Committee on Gaming took more testimony Feb. 4 in an effort to shape future policy on expanded gambling in the state.
Penn National Gaming Inc., which has a host of projects in the works, is taking a cautious approach to 2013 in the wake of a "soft" fourth quarter in 2012, company officials said Jan. 31 during an earnings teleconference.
The New York Senate's top Republican wants Belmont Park to be included in the list of possible casino expansion locations.
Saratoga Harness Racing Inc., which last year acquired an ownership interest in Ellis Park in western Kentucky, said Jan. 29 it has completed its purchase of Fitzgeralds Casino Black Hawk in Colorado.
The New York legislature's most powerful Democrat said Jan. 24 he would be open to further casino development at Aqueduct Racetrack, as well as several other specific locations in New York City except for Manhattan.
New York Gov. Andrew Cuomo wants to dip into purse accounts to take $1.5 million to $2 million per year for equine safety programs at the state's racetracks.
Casino magnate Steve Wynn submitted a formal Phase 1 application with the Massachusetts Gaming Commission Jan. 14, one day under a key deadline, to vie with the proposal of Suffolk Downs and partner Caesar's Entertainment.
New York Gov. Andrew Cuomo is pushing lawmakers to pass the second required piece of legislation to allow up to seven new casinos in New York State.
A shift in slot machine revenue from horse racing to other programs in Pennsylvania is set to expire this summer, and the Pennsylvania Equine Coalition Jan. 8 urged lawmakers to honor the sunset provision.
The Ohio State Racing Commission Dec. 13 approved the distribution of more than $1.77 million in revenue racing has received from non-track casinos in the state.
Two lawmakers in leadership positions in the Kentucky General Assembly said Dec. 10 the issue of expanded gambling remains on the table, but whether a bill materializes depends on Gov. Steve Beshear.
A measure permitting an upstate off-track betting corporation to run gambling facilities in New York City has been sent to Gov. Andrew Cuomo for his veto or signature.
Republican Kentucky Sen. Damon Thayer, who has been involved with most legislation involving the horse industry in recent years, was elected majority floor leader Nov. 28 during a GOP Senate leadership caucus.
The Texas Workforce Commission was notified the week of Nov. 19 that the 296 employees at Retama Park near San Antonio, Texas, would be laid off due to the termination of its management contract.
Two Pennsylvania racetrack gaming companies are among the six bidders for a license to build a non-racetrack casino in Philadelphia.
Gambling in Maryland will soon include table games such as blackjack and a casino near Washington, D.C., after voters Nov. 6 approved an expansion measure that generated an expensive political advertising campaign.
With New York's racetrack video lottery terminal operators looking to become full-blown casino destinations, a new player in the crowded market is asking regulators for the eighth and final harness racetrack license.
Illinois Gov. Pat Quinn Aug. 28 vetoed a gaming expansion measure that would have allowed slot machines at racetracks and authorized five new casinos around the state, but hinted he may approve if changes are made.
Just days before a government panel is set to release recommendations for the future of horse racing in Ontario, the industry is receiving support from politicians questioning the end of the slots-at-racetracks program.
A law expanding casino gambling in Maryland alters some tax and revenue percentages but should keep the horse racing industry whole, according to fiscal projections associated with the measure.
Penn National Gaming Inc. said Aug. 7 it will continue to offer live harness racing at Rosecroft Raceway in Maryland for two more years--if another Prince George's County location isn't chosen as the location for a casino.
The clock is running on what could be a final push to authorize Illinois racetracks to run slot machines many in the industry see as vital to survival.
The owner of Thistledown near Cleveland said June 6 it has a memorandum of understanding with the State of Ohio to install video lottery terminals at the racetrack, but also reserves the right to move the operation.
Canterbury Park Holding Corp. and the Shakopee Mdewakanton Sioux Community struck a 10-year "cooperative marketing agreement" by which the tribe will funnel $75 million in purses to the Minnesota racetrack.
New Jersey will defy a federal ban and let people bet on the outcomes of football, basketball, and other games this fall, Republican Gov. Chris Christie said May 24.
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