A West Virginia legislator whose district includes Charles Town Races & Slots is advocating a plan to enlarge the racing surface and, if necessary, renovate dilapidated Shenandoah Downs and race there during the down time--or perhaps permanently.
Penn National Gaming Inc. reported an increase in net revenue for the first quarter of 2005 compared with the comparable period in 2004, but also showed a $2-million loss in net income.
The Pennsylvania House of Representatives has proposed that racetrack slot machines produce $1 billion in revenue, way up from the $400 million projected for this fiscal year in legislation approved by the state Senate.
The Pennsylvania Horsemen's Benevolent and Protective Association has submitted an application for a license for a Thoroughbred racetrack that would be built in the Lehigh Valley. If approved, daily purses would eventually average $1 million a day under a plan whereby all profits from slot machines would go back to horsemen.
With no additional positive tests for Equineherpes virus-1 since Feb. 26, Penn National Race Course was prepared to lift the quarantine of horses stabled in Barn U on March 19, track general manager Richard Schnaars said.
Organizations that represent Thoroughbred horsemen in Pennsylvania have voiced opposition to racetrack gaming legislation because the return to purses and breed development is insufficient in their view.
Two additional positive tests for the Equineherpes-1 virus Feb. 26 at Penn National Race Course have prompted Philadelphia Park to extend its ban on shipping into and out of the Grantville, Pa., track to March 19. Racetracks in neighboring West Virginia have also decided to implement the shipping restriction as a precaution.
Purse accounts at Pennsylvania racetracks would earn 21.5% of gross revenue from track-based slot machines under legislation introduced Feb. 26 by Sen. Robert Tomlinson, whose district includes Philadelphia Park.
The winds which swept through the eastern half of the United States over the weekend left behind a casualty at Penn National Race Course--the infield tote board.
Democratic gubernatorial hopeful Ed Rendell has said he supports a plan to put slot machines at Pennsylvania's racetracks in order to fund the state's financially strapped schools.
A Pennsylvania State University study says that slot machines at the state's four racetracks would trigger a $2.5 billion increase in gross state product and hundreds of millions of dollars in revenue for state and local governments.
A Pennsylvania legislator said he plans to call this fall for county referendums on the issue of slot machines at the state's four racetracks. Meanwhile, a resolution that seeks an economic impact study to develop ways the state "can help maintain fiscal soundness" of the horse racing and breeding industry has been introduced.
The World Series of Handicapping, a staple at Penn National Race Course since 1974, has been canceled this year due to an insufficient number of entries.
In a major change, Penn National Race Course has decided to racee Thursdays instead of Sundays in 2001.
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