Keyword: Pennsylvania Gaming Control Board

  • Penn National is one of six tracks in Pennsylvania

    PA Report: Slots Provide Almost 90% of Purses

    More than $228 million was accrued for purses at six Pennsylvania racetracks in 2015 with almost 90% of the funds derived from slot machine revenue, according to an annual report that analyzes the racetrack gaming industry in the state.

  • Race Fund Revenue Up, Handle Down in PA

    Distributions to horse racing from the state Race Horse Development Fund increased 9.5% in 2014 from the previous year, according to the annual Pennsylvania Gaming Control Board benchmark report released April 28.

  • Handle on Live Pennsylvania Races Up 12%

    Purses paid at six racetracks in Pennsylvania in 2012 increased 1% while wagering on the live product was up 12% from the previous year, according to the latest benchmark report prepared by regulators.

  • PA Group Continues to Warn of Revenue Decline

    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.

  • PA Equine Group Wants Slots Money Restored

    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.

  • PA Casinos: $274.9M for Racing in 2010-11

    Pennsylvania's 10 casinos -- racetrack and standalone -- generated $274.9 million for the state's Race Horse Development Fund in fiscal year 2010-11, according to the Pennsylvania Gaming Control Board annual report.

  • Report Reflects Slots Impact on PA Racing

    Purse revenue earned from pari-mutuel handle and racetrack slot machines dropped in 2010, according to the Pennsylvania Gaming Control Board's "benchmark report" on racetrack casinos in the state.

  • PA Report: Live Racing Boosts Slots Revenue

    Horse racing at Pennsylvania racetracks is helping casino companies make more money on slot machines, according to one piece of information in the Pennsylvania Gaming Control Board's 2009 report on racetrack gaming.

  • Pennsylvania Slots Produce $200M for Purses

    A "benchmark report" on slot machines in Pennsylvania shows a 39.3% increase in purses paid at Thoroughbred and Standardbred racetracks from 2007 to 2008, but double-digit declines in total pari-mutuel handle during the same period.

  • Penn No Longer Purse Bottom-Feeder

    In their first 11 months of operation, slot machines at Hollywood Casino at Penn National Race Course produced more than $22.6 million for Thoroughbred purses and breed development. The funds have allowed Penn National to offer a minimum purse that will be higher than that paid by some of its competitors.

  • Slot Machine

    Is Racing Using Its Slots Money Wisely?

    As hundreds of millions of dollars in revenue from slot machines flows to horse racing, there is growing sentiment that perhaps the racing industry is failing to capitalize on the new wealth by solely pumping money into purses and breed development programs.

  • Slot machines generated 64% of total purses in Pennsylvania in 2007.

    PA Report: Purses Up, Handle Share Down

    Total purses earned at Pennsylvania racetracks jumped 162% from 2006 to 2007 because of revenue from on-track slot machines, while the percentage of purses earned from pari-mutuel wagering dropped substantially during the same period, according to the Pennsylvania Gaming Control Board's first "benchmark report" on the impact of slots on pari-mutuel wagering.

  • PA Gaming Board Supports Equine Welfare

    Though it has no regulatory oversight of equine health and safety, the Pennsylvania Gaming Control Board has adopted a resolution saying it supports the state's efforts to "invest in horse health and welfare."

  • 'Alarming' Opener for Penn National

    Hollywood Casino at Penn National opened on time Feb. 12 with bells and whistles--and with a rousing alarm and taped recording telling everyone to vacate the building.

  • The old grandstand/clubhouse (pictured) was demolished in 2006 to make way for an integrated racing/gaming facility.

    Penn on Schedule for Feb. 12 Opener

    The integrated gaming and racing facility has scheduled "test nights" for Feb. 8 and Feb. 10. Test nights are regularly held at casinos to ensure that all equipment is operating properly.

  • Philadelphia Park

    PA Seeks to Keep 'Race' in Racino

    A Pennsylvania regulator said progress is being made in attempts to educate legislators and make sure horse racing gets its due as gaming parlors continue to open around the state, but much remains to be done.

  • Parx Racing.

    Philly Gets Permanent Slots License

    Philadelphia Park Casino & Racetrack received approval for its master plan from the Pennsylvania Gaming Control Board Dec. 18 and now has a permanent license to operate slot machines.

  • Philly Park Casino Plan Presented

    After a delay of several months, Greenwood Gaming & Entertainment presented plans for a stand-alone casino on the Philadelphia Park Casino & Racetrack property to the Pennsylvania Gaming Control Board Nov. 8.

  • Philly Park Casino Plans Remain in Limbo

    Though it was given the deadline of Aug. 10 to present a master plan for a stand-alone casino, Philadelphia Park Casino & Racetrack management told the Pennsylvania Gaming Control Board it would take at least two more months before such plans could be completed.

  • Philly Park Pulls Petition for Change in Slots Plan

    Two months after it petitioned the Pennsylvania Gaming Control Board to reclassify its grandstand as a permanent slots casino--a move that fueled speculation it was trying to renege on plans to build a $300-million, stand-alone casino on track property--Philadelphia Park Casino & Racetrack has asked that the petition be ignored.

  • Philly Horsemen Get OK to Intervene on Slots Plan

    The Pennsylvania Thoroughbred Horsemen's Association was granted the right to intervene in proceedings to determine whether a temporary slot-machine facility at Philadelphia Park Casino & Racetrack should be considered permanent.

  • Jockeys' Guild national manager Dwight Manley.

    Guild Links Accident Insurance to Slots License

    The Jockeys' Guild has asked the Pennsylvania Gaming Control Board to consider the catastrophic on-track accident insurance policy at Philadelphia Park before it grants the racetrack a permanent license to operate slot machines.

  • Even With 'Smarty Slots,' Challenges Continue for Racetracks

    It has been almost two years since Smarty Jones won the Kentucky Derby (gr. I) and slot machines were legalized in Pennsylvania. And while the horse has begun his career at stud, racetracks are still waiting for slots and may encounter some challenges when they finally get them.

  • Even With 'Smarty Slots,' Challenges Continue for Racetracks

    It has been almost two years since Smarty Jones won the Kentucky Derby (gr. I) and slot machines were legalized in Pennsylvania. And while the horse has begun his career at stud, racetracks are still waiting for slots and may encounter some challenges when they finally get them.