On the heels of a successful opening weekend at Ellis Park comes word of a few initiatives that, if they come to fruition, could generate or repurpose revenue for Kentucky racing. But will it be enough?
If the Kentucky General Assembly ends without passing legislation that would statutorily permit Instant Racing machines at Kentucky racetracks, the state racing commission would then consider its options.
Legislation to authorize Instant Racing at Kentucky racetracks apparently won't come up again anytime soon.
Republican Kentucky Sen. Damon Thayer spent more than an hour March 18 in a GOP caucus in an attempt to make a case for Instant Racing via statutory approval.
Legislation to aid the horse industry in Kentucky may be dead after developments in the state capital March 17.
Legislation authorizing Instant Racing at Kentucky racetracks is in line for major revisions that would place approval squarely in the lap of the governor or Kentucky Horse Racing Commission.
An executive with RaceTech, the company that produces Instant Racing machines, said the product has held up well against electronic games of skill at Oaklawn Park in Arkansas.
Legislation authorizing Instant Racing, a tax on advance deposit wagering, and a reduction in the pari-mutuel excise tax sailed through the Kentucky Senate Committee on State and Local Government March 11.
Struggling as it never has before, the California horse racing industry went to the State Capitol in Sacramento March 4 looking for some answers. And surprisingly, racing seemed to get a warm reception.
A hot topic when the Kentucky General Assembly convened Jan. 5, expanded gaming and racetrack video lottery terminals generated much talk but no action during the first week of the legislative session.
The Kentucky attorney general's office has issued an opinion stating that although there is nothing in state law prohibiting a form of electronic gaming called Instant Racing, it is not currently permissible.
A Kentucky lawmaker has again requested an opinion from the state attorney general as to whether Instant Racing machines are legal under pari-mutuel statutes.
Kentucky Sen. Damon Thayer, who sponsored the legislation that resulted in Kentucky's Breeders' Incentive Fund, has inquired about another method of garnering funds for the state's Thoroughbred industry.
Horsemen from all parts of Colorado rallied at the state capitol Jan. 20 to support efforts by the horse industry to pass legislation designed to revitalize the economics of the industry in Colorado through advance deposit wagering and Instant Racing.
An Ohio lawmaker whose district includes River Downs said Nov. 26 he plans to introduce legislation in 2009 for casino-style gaming that would support the horse racing and breeding in the state.
A study released by Ohio State Racing Commission offers a short-term action plan and a long-term strategy for the struggling horseracing industry in the Buckeye State, but one racetrack official said the quickest fix lies with the pen of Gov. Ted Strickland.
Magna Entertainment Corp. said it is "considering all of its legal options" after the Oregon Racing Commission rejected its request to allow installation of Instant Racing gaming terminals at Portland Meadows April 25.
A California state senator says he expects to see tribal casinos develop an ownership stake in racetracks, leading to the potential for wagering devices such as Instant Racing or slot machines at racing facilities.
Oaklawn Park officials have no immediate plans to expand the racetrack's gambling-machine offerings, but they said a Sept. 27 ruling by the Arkansas Supreme Court to uphold a law that permitted electronic gaming devices at the track is a major step forward.
The Oregon Racing Commission has approved the 2007-08 Portland Meadows race meet application submitted by MEC Oregon Racing.
Magna Entertainment Corp. and two Oregon horsemen groups have agreed to an abbreviated 60-day meet to begin this fall at Portland Meadows.
A bid by Ohio racetracks to win approval for Instant Racing machines, which resemble video lottery terminals but are pari-mutuel in nature, is said to still have some life left despite an announcement by Gov. Ted Strickland that he would veto the measure.
Ohio Gov. Ted Strickland said June 12 he would veto any legislation allowing video gambling machines at Ohio racetracks.
Legislation to authorize Instant Racing machines at Ohio's seven racetracks passed the state Senate May 23 and is headed to the House of Representatives.
Legislation to authorize Instant Racing machines has been introduced in the Ohio House of Representatives and Senate.
Magna Entertainment Corp. has adopted "development covenants" in an attempt to allay the fears of opponents in regard to its plans to build Dixon Downs racetrack in Northern California.
Instant Racing bill rejected by Virginia House. Conference committee could take up but session ends Feb. 24.
A bill that would allow Instant Racing as a means of funding for transportation and purses in Virginia is on the also-eligible's list hoping to make the field. Members of the Virginia House Committee on General Laws tabled the bill by voice vote Feb. 15. The bill could be brought back up in committee prior to Feb. 20. Virginia's General Assembly session ends Feb 24.
After gaining approval 23-14 by the Virginia Senate, an Instant Racing bill returns to the Virginia House where a similar bill failed to get out of committee several weeks ago.
A Virginia Senate committee has approved legislation that would authorize Instant Racing machines at Colonial Downs and off-track betting parlors.
A Virginia House of Delegates committee is scheduled to tackle legislation to authorize Instant Racing at a Jan. 30 hearing.
Old races may provide new funds to maintain Virginia roads should lawmakers pass a bill that has been re-introduced in the General Assembly. A similar bill that had been submitted during the General Assembly's special transportation session last September was passed over.
The first payments of revenue from the introduction of electronic games of skill to the wagering menu at Oaklawn Park were made to representatives of local and state government at the track Dec. 18.
Portland Meadows plans to install Instant Racing machines during its current 2006-07 meet under a plan recently approved by the Oregon Racing Commission.
A proposed bill on "Instant Racing" could make an instant impact on purse account and potholes in Virginia.
Oaklawn Park projects record daily average purses of $290,000 for its 2007 meet, up from $275,000 a day this year because of increased revenue from Instant Racing.
Expansion of gambling at Oaklawn Park in Hot Springs, Ark., moved one step closer to reality after the Arkansas State Racing Commission approved rules and regulations for electronic games of skill at its Aug. 1 meeting in Little Rock.
The California horseracing industry has thrown its weight behind "Instant Racing" video games in the drive to offset declining economic fortunes, but a representative of the state's major casino tribes say it's nothing more than a smokescreen to break the Indians' monopoly and give the tracks slot machines.
A judge has dismissed a complaint against installation of "electronic games of skill" at Oaklawn Park, which was approved for the machines in a November 2005 ballot initiative.
Highlighted by a record 72,464 on hand for Lawyer Ron's victory in the closing-day Arkansas Derby (gr. II), the 2006 meet at Oaklawn Park posted record wagering during its 53-day meet. The meet was originally scheduled for 56 days, but racing was canceled on three days of the Presidents' Day holiday weekend due to adverse weather conditions.
Oaklawn Park raised overnight purses $700 per race effective March 1 because of an increase in Instant Racing revenue and overall handle.
A lawsuit filed Tuesday seeks to overturn local voters' approval to allow additional electronic games of skill at Oaklawn Park in Hot Springs, Ark.
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.
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.
Legislation to authorize wagering hubs in Kentucky was introduced in the state Senate in early March and is moving through the legislative process as an amendment to a bill that would permit artificially inseminated horses to race in Kentucky. A hub measure was introduced in 2002 but it failed to garner support.
Instant Racing, which combines pari-mutuel wagering with video gaming technology, had its best month ever at Oaklawn Park when patrons poured $5.82 million through the machines in February.
Instant Racing, a pari-mutuel gaming system currently available at wagering outlets in Arkansas and Wyoming, will be expanded in those two states early this year.
In a surprise move in Oregon, Magna Entertainment Corp. has removed the Instant Racing machines that were installed earlier this year at its two tracks, Portland Meadows and Multnomah Greyhound Park.
Less than a week after the National Thoroughbred Racing Association released a report that recommended upgrades in wagering technology and a streamlining of tote systems in the United States, Magna Entertainment Corp. acquired a 30% equity and voting interest in AmTote International for $3.82 million.
Instant Racing, launched in Arkansas three years ago, was approved for use at pari-mutuel facilities by the Wyoming Racing Commission July 11. The devices, which resemble video lottery terminals but are linked to pari-mutuel pools, will first be installed at an off-track betting parlor operated by Wyoming Downs.
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