Keyword: racinos

  • KY Horse Industry Confident on Track Gaming

    Though racetrack gaming wasn't put on the initial call for a June 15 special legislative session in Kentucky, the state's horse racing industry expressed confidence the issue will be on the agenda -- and pass.

  • Kentucky Gov. Steve Beshear

    Kentucky a Step Closer to Racetrack Gaming?

    Kentucky Gov. Steve Beshear said May 29 he will call a special legislative session to deal with "the largest budget shortfall in modern Kentucky history," but stopped short of saying he will put racetrack gaming on the agenda.

  • KY Horse Industry: 'Time to Act Is Now'

    Kentucky racetrack operators said May 20 the state's horseracing and breeding industries have reached a critical juncture, and without legislative assistance in the form of on-track gaming, the damage could be irreparable.

  • Kentucky Governor Steve Beshear

    Kentucky, Ohio Horse Interests Seek Support

    As Kentucky's equine industry awaits word on whether Gov. Steve Beshear will call a special legislative session that could have racetrack gaming on the agenda, representatives of the state's racetracks and horsemen's groups will hold a press conference May 20 to discuss the state of the horse business. Meanwhile, Ohio horseracing interests plan a statehouse rally May 19 to lobby for legislative relief.

  • 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.

  • Kentucky Gov. Steve Beshear

    Decision Looms on Special Session in KY

    A decision on whether to call a special legislative session -- one that could include alternative gaming and relief for the horse industry -- will be made in a few weeks, Kentucky Gov. Steve Beshear said April 29.

  • Maryland Track Loses Simulcast Rights

    A Maryland harness track that hasn't offered live racing in almost a year also lost its Thoroughbred simulcast rights April 28 when it was ordered by the Maryland Racing Commission to cease operations.

  • Kentucky Gov. Steve Beshear

    Beshear: Gaming 'Viable Option' in KY

    Kentucky Gov. Steve Beshear said he has been proactive in his support of expanded gambling to assist horse racing and breeding, and the "continued tough economy may further underscore that effort."

  • Lawmaker: Let NYRA Develop VLT Casino

    The state of New York should abandon efforts to find new bidders to develop a video lottery terminal casino at Aqueduct and instead tap the New York Racing Association to run the long-delayed facility, a leading state lawmaker believes.

  • Second FL Bill Leaves Out Racetracks

    Members of the Florida House of Representatives March 24 released a draft of a bill that would require the Seminole Tribe of Florida to remove blackjack and baccarat tables from its casinos. The proposal would permit the Seminoles to keep the Class III Las Vegas-style slot machines they began installing at their Florida casinos last summer.

  • Gulfstream Park

    Florida Bill Calls for Gaming Expansion

    The chairman of an important Florida Senate committee March 24 introduced a bill that would allow Gulfstream Park and Calder Race Course to have blackjack and baccarat, while permitting the Seminole Tribe of Florida to keep those two games and add roulette and crap tables at its casinos.

  • Indiana Downs Ups the Ante, Competition

    More competition for Kentucky racing will come April 20 when Indiana Downs begins a 62-day meet featuring purse increases for most overnight races and an expanded stakes schedule worth more than $1 million.

  • River Downs

    Ohio Panel Unveils Racetrack VLT Plan

    Saying five of the state's seven racetracks will close without assistance from the legislature, the Ohio State Racing Commission March 19 released a draft plan for 14,000 video lottery terminals that would be located at tracks.

  • Pimlico Officially Unveils Stakes Slate

    The Maryland Jockey Club March 17 officially unveiled a 2009 spring stakes schedule at Pimlico Race Course that's down about $1 million from last year and doesn't include the grade I Pimlico Special.

  • VLT Revenue Declines, and So Will Purses

    The economy continues to take its toll on racetracks, including those with alternative gaming. Mountaineer Casino, Racetrack & Resort in West Virginia said it will cut overnight purses 10% effective April 20.

  • Deal Protects Fort Erie Meet for 2009

    Fort Erie Race Track & Slots in Ontario, Canada, will offer live Thoroughbred racing this year, and the local horsemen's group is asking for support from owners and trainers.

  • KY Budget Woes Could Aid Racetrack VLTs

    With the Kentucky General Assembly seemingly headed for a special session this spring or summer to address a substantial revenue deficit, a legislative committee March 12 heard testimony on a bill that would authorize video lottery terminals at racetracks in the state.

  • Casinos Versus Racetrack Slots in Ohio

    In anticipation of a push by a consortium for casino gambling in Ohio's four largest cities, the Ohio State Racing Commission is formulating its own legislative proposal for video lottery terminals at the state's seven racetracks.

  • Aqueduct video gaming legislation was approved eight years ago.

    NY Breeders: Expedite Aqueduct VLT Plan

    The New York Thoroughbred Breeders, disturbed by a delay in a plan for thousands of video lottery terminals at Aqueduct, called the situation "inexplicable" and said Gov. David Paterson should put the project on "war footing."

  • Ellis Park

    Kentucky Racing Industry 'at Risk'

    Representatives of two Kentucky Thoroughbred tracks said they will be forced to reduce racing dates due to declining economic conditions, with the owner of Ellis Park saying his track would not race in 2010 unless alternative gaming is legalized in the Bluegrass State.

  • Tin Cup Needed for KY Racing Commission

    The multi-year quest for a stable funding source for the Kentucky Horse Racing Commission took another turn March 10 when legislation to increase the powers of the KHRC unanimously passed a Senate committee. Whether the bill is approved--and whether the commission gets a new funding source--could be determined on the Senate floor.

  • Gulfstream Retail Development Progresses

    Magna Entertainment Corp. and partner Forest City Enterprises announced Feb. 26 the first 32 tenants for the retail portion of their The Village at Gulfstream Park development. Plans for the $1.2-billion complex, adjacent to Gulfstream's clubhouse/casino building, include a hotel and condominiums on the property in Hallandale Beach, Fla. Meanwhile, officials are reluctant to speculate on a possible bankruptcy filing by MEC.

  • Tracks Included in Texas Gaming Bill

    Some Texas lawmakers are trying again to establish Las Vegas-style casinos in the state, and they say now is the time to do it because the state needs the money. Racetracks would be included, according to legislation unveiled Feb. 24.

  • 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.

  • KEEP chairman Brereton Jones

    KEEP Chair: Racetrack VLTs 'Will Happen'

    The chairman of the Kentucky Equine Education Project said Feb. 18 he expects gaming-related legislation benefitting the Kentucky horse industry to pass -- but he's not sure when.

  • KY Horsemen Make Case to Legislators

    More than 100 people who make their living in the Kentucky horse industry made their case to three Northern Kentucky legislators Feb. 16, and the message was clear: The economics must change or the state will lose a valuable asset.

  • Racetrack VLT Bill Clears Kentucky Panel

    Revised legislation to authorize video lottery terminals at Kentucky racetracks unanimously passed out of a House of Representatives committee Feb. 12, but its sponsor is unsure the measure will be voted on by the full House during the current General Assembly session.

  • Issues Delaying VLT Casino at Aqueduct

    The company selected to operate video lottery terminals at Aqueduct said there are a host of unresolved issues, including restructuring its financing deal, before it can close on a final agreement with the state of New York to begin construction on the long-delayed facility.

  • PNGI 'Not Enthused' About Maryland Slots

    After absorbing a $378.6-million loss in 2008's fourth quarter alone, Penn National Gaming Inc. posted an annual loss of $153.3 million for the year, and said while it isn't "enthused" about developing a potential new slots facility in Maryland, it will pursue those plans.

  • MEC Has Slots License Fee--With Caveat

    Magna Entertainment Corp. said Feb. 4 it has arranged to pay a $28.5-million licensing fee for slot machines -- but the money will be placed in an escrow account at a Maryland bank.

  • Laurel Slots Bid Called Into Question

    In a jaw-dropping revision, Maryland received requests for far fewer slot machines in five license proposals than previously thought, and two of the six bidders -- including Laurel Park owner Magna Entertainment Corp. -- failed to pay $22.5 million in required up-front fees, a state official said Feb. 3.

  • Massachusetts Gaming Vote Still Possible

    Massachusetts Speaker of the House Robert DeLeo said Feb. 2 House lawmakers could vote on legislation to expand gambling before the end of the year -- the surest signal yet that casinos or slot machines may be coming to the state.

  • Colorado Horse Groups Make Case for Bill

    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.

  • Kentucky VLT Measure Has First Hearing

    Legislation to authorize video lottery terminals at Kentucky racetracks will be amended in several key areas, one of which is a substantial increase in the licensing fee racetracks would pay for VLT licenses.

  • KY Horsemen Circulating VLT Petition

    The Kentucky Horsemen's Benevolent and Protective Association is circulating a petition asking the General Assembly to support legislation to authorize video lottery terminals at racetracks in the state.

  • Open Stakes at Charles Town Worth $2.7M

    Charles Town Races & Slots has announced a 2009 open stakes schedule with a record $2.7 million available in purses. The 12 scheduled stakes will take place on three special event days, beginning April 18 with Charles Town Classic Day.

  • Texas VLT Bill Ready to Be Filed

    When the Texas legislature convenes Jan. 13, a bill to legalize alternative gaming at the state's racetracks is ready to be filed. The Texas racing industry has angled for video lottery terminals for the past decade, but in 2009, business will not be as usual.