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Racinos Defied 2008's Declining Gaming Trend

Even though overall United States casino revenues dropped for the first time this decade, domestic racinos registered double-digit percentage growth in 2008, according to a report issued May 18 by the American Gaming Association.

Indiana Slots Bill Progresses With Higher Fees

Legislation that would allow slot machines at Indiana's two pari-mutuel racetracks was endorsed by a Senate committee on a 9-3 vote March 20, but there are concerns about a $400-million license fee each track would have to pay for the right to operate slots.

Ohio VLT Vote Needs More Valid Signatures

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A petition drive to allow a vote on video lottery terminals at Ohio racetracks was 8,716 signatures short as of Aug. 30, but more will be submitted within the next two weeks.

Pataki Offers Last-Ditch Plan to Assist NYRA

New York Gov. George Pataki is offering $10 million in immediate aid to help keep the ailing New York Racing Association from insolvency, and he pledged to work with legislators on another measure to lend NYRA cash against its future gaming proceeds.

Weil: Racino Model Isn't Industry's Savior

The horse racing industry should exploit the growth of sports betting, broaden its distribution, and develop new content rather than looking to racinos as an industry "savior," according to Scientific Games chairman and chief executive officer A. Lorne Weil.

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