State officials in Pennsylvania said they expect lawmakers the week of Nov. 16 to consider legislation that would, in part, stabilize the funding of horse racing regulation.
The early closure of Mountaineer Casino, Racetrack & Resort in West Virginia has had a positive impact on Hollywood Casino at Mahoning Valley Race Course, at least for the first six days of its 2015-16 meet.
Racing stakeholders in Pennsylvania are working with Gov. Tom Wolf's administration to devise a funding plan for regulation in the wake of ongoing declines in pari-mutuel handle in the state.
Horsemen's groups are rallying to head off a move to decouple live racing from casino-style gambling at pari-mutuel facilities in Florida. Currently, tracks with slot machines must also offer live racing.
Legislation authorizing advance deposit wagering is on the wish list for a group of racing industry stakeholders in West Virginia, according to a report that was approved by a committee.
NYRA president Christopher Kay, whose contract extension was announced Oct. 21, said the organization most likely will experience an increase in profit this year exclusive of revenue from video lottery terminals.
A New York State panel has tapped a fourth location for a full-blown casino as the state marches closer to a final set of approvals for a casino expansion.
Gretna Racing, which won a license to offer Quarter Horse barrel racing as a steppingstone to apply for slot machines, was dealt a setback when the Florida First District Court of Appeal Oct. 2 reversed its earlier opinion.
'Decoupling' of racing, gaming heating up
A group of West Virginia racing stakeholders has prepared a report on the state of the industry and makes suggestions on how to improve the economics, but when it is approved remains to be seen.
The Illinois Racing Board Aug. 27 granted Maywood Park permission to scrap the final three months of its harness season, a controversial decision with implications for the coming year's Thoroughbred dates.
The West Virginia racing industry will pursue several initiatives during the 2016 legislative session, including statutory changes that would lower the minimum number of racing dates for which tracks must apply each year.
Track president Bill Fasy said Delaware Park continues to make money, but when it comes to long-term things like capital improvements, the racetrack gaming industry in the state needs some assistance.
Pennsylvania lawmakers are examining legislation that would lower the minimum number of live racing days required at racetrack gaming facilities, and also allow each track to install slot machines at up to four OTW parlors.
This year's $500,000 Ohio Derby in retrospect can be considered a success on several levels, and management at ThistleDown Racino expects the marquee race--and the overall racing product--to only get better.
The Illinois Thoroughbred Horsemen's Association is at odds with Churchill Downs Inc. over the company's plans to reduce the number of races it offers at Arlington International Racecourse.
The West Virginia Racing Commission June 16 signed off on a plan by Mountaineer Casino, Racetrack & Resort to shave 50 racing programs from its 2015 schedule.
The West Virginia Racing Commission June 2 authorized creation of a committee that will be charged with providing information to a legislative committee that will study the state's racing and gaming industries.
Delaware Park will begin its 81-day race meet May 16 with racing three or four days per week through Oct. 17 and what appears to be a fairly solid horse population given local competition for racing stock.
Saying the bill would have expanded gambling in Indiana, Gov. Mike Pence has vetoed a bill that would have allowed state residents to use advance deposit wagering to bet on horse races.
The New Hampshire House of Representatives, which has defeated every casino gambling bill brought to the floor over the past few decades, held true to form April 29 and voted down legislation to allow two casinos.
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.
Belterra Park will open its 2015 live race meet May 1 but it will do so without a contract with the Ohio Horsemen's Benevolent and Protective Association for video lottery terminal revenue.
A West Virginia Racing Commission purse analysis based on revenue projections from all sources indicates the state and its racetracks have serious issues to address regarding live racing dates in the future.
Their financial performances were no secret during the year, but now the final numbers for fiscal 2014 are in and, for the first time, New York racetrack-based casinos showed their first year-to-year dip in net revenue.
Groups seeking to block a Finger Lakes-area casino in upstate New York have been formally joined by a politically powerful and financially deep-pocketed ally: the Oneida Indian Nation.
New York lawmakers have given final approval to an expansion of video lottery terminal games at six of the state's nine racetrack-based casinos.
A measure giving flexibility to the financial operations of the New York State Thoroughbred Breeding and Development Fund passed by a comfortable margin in the state Senate, as it has every year since 2010.
Revenue for state government from the nation's pari-mutuel industry dropped 3.5% in 2014 from a year earlier, according to a new report by a university system think tank.
Both houses of the West Virginia legislature have adopted a resolution forming a select committee that will undertake a "comprehensive study" of the state's racing and gaming industries and report its findings in 2016.
Legislation has been introduced in both houses of the New York legislature to require the owners of a future commercial casino to make whole any losses suffered by horsemen and breeders at nearby Finger Lakes.
Pinnacle Entertainment, which owns Belterra Park in Ohio and more than 10 other casinos in the United States, has confirmed it has received a proposal from Gaming and Leisure Properties to acquire its real estate assets.
The owner of Finger Lakes Gaming & Racetrack in upstate New York is asking a state judge to halt the awarding of a license for a new commercial casino located just 25 miles away from the 1960s-era racetrack.
Video lottery terminals at Aqueduct Racetrack have helped push up prices of New York-bred yearlings and increased the state's foal crop in what economic development officials say has been a far-reaching impact.
There will be a live race meet at Suffolk Downs in 2015 and 2016 now that track ownership and the New England Horsemen's Benevolent and Protective Association have come to terms.
A New York casino panel has approved another round of bids for a gaming facility in the Southern Tier region of the state located near Binghamton and just across from the Pennsylvania border.
Live Thoroughbred racing returned to the Chicago area Feb. 20 as Hawthorne Race Course began its season amid frigid weather and an equally challenging financial and political landscape.
A state-approved 10% reduction in video lottery terminal revenue and continued softness in the regional gambling market have led officials and horsemen at Mountaineer Casino, Racetrack & Resort to reduce purses.
The Stronach Group remains optimistic about the future of the horse racing industry in North America and will continue to push for what it believes are fundamental structural changes needed to move the business forward.
The Kentucky Thoroughbred industry is more than holding its own despite national declines and the absence of alternative revenue sources available in other states, officials said Feb. 3 at the CBA symposium.
As part of an examination of its equine medication rules, the Ohio State Racing Commission in February will begin hearing from various industry organizations involved in an effort to adopt uniform policies for all states.
A New York panel has begun anew the process for awarding a commercial casino license in the state's Southern Tier region after the urging of Gov. Andrew Cuomo.
The governing body of Jefferson County, W.Va., where Charles Town Races is located, plans to send a message to state legislators that further reductions in the share of gaming revenue that supports racing are unacceptable.
The Maryland Jockey Club reported a decrease in pari-mutuel handle on live racing at Laurel Park and Pimlico Race Course in 2014, but total and average purses were up from 2013.
Hollywood Gaming at Mahoning Valley Race Course ended its inaugural meet Dec. 30 with record total pari-mutuel handle of $1,102,566.
A request by management and horsemen at Hollywood Casino at Charles Town Races to reduce the number of live racing days for 2015 has renewed a discussion about the future of West Virginia Thoroughbred racing.
The Ohio Thoroughbred Racing Fund, now fully supported by revenue from racetrack video lottery terminals, will almost double to more than $5 million in 2015.
Hollywood Gaming at Mahoning Valley Race Course held its first-ever racing program Nov. 24 before a fairly large crowd on a wild weather day in northeastern Ohio.
Hollywood Gaming at Mahoning Valley Race Course opened its barn area and dirt racing surface for training as scheduled Nov. 10 in advance of a Nov. 24 opening day.
A white paper prepared by the Rutgers Equine Science Center released Nov. 7 shows a continued loss of ground for the New Jersey horse racing industry and calls for a partnership between racing and casinos.
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