Keyword: slot machines

  • MEC Alters Financing Deal for Gulfstream Slots Parlor

    Magna Entertainment Corp. has amended its project financing deal with MID Islandi to add bonds of up to $27.75 million to fund design and construction of a slot-machine facility at Gulfstream Park in South Florida.

  • Waiting for Logic

    <i>By Dan Liebman</i> - From the belt buckles to the Longhorns, things are big in Texas. How's this for big--one billion dollars. That's billion, with nine zeros.

  • Magna, Florida Horsemen OK Slot Revenue Split

    After months of wrangling, Magna Entertainment Corporation and the Florida horseman agreed Friday evening to the percentage of slots revenue that will increase horseracing purses at Gulfstream Park.

  • Ohio Horsemen Endorse 'Learn and Earn' Ballot Measure

    The three major horsemen's groups involved in racing in Ohio have all endorsed a proposed constitutional amendment to allow slot machines at the state's seven racetracks and two locations in downtown Cleveland.

  • County Approves Gulfstream Development Plan

    Broward County commissioners approved a plan May 9 that's expected to lead to the construction of residential, retail, and office space on Gulfstream Park property.

  • Fair Grounds Slots May Have to Wait Until 2008

    Churchill Downs Inc. officials are encouraged by a rebound of their Louisiana operations in the wake of Hurricane Katrina, but it appears slot machines at Fair Grounds won't be operating until mid-2008 at the earliest.

  • Ohio Groups Join Forces on VLT Ballot Question

    Three groups seeking to legalize video lottery terminals at Ohio racetracks have decided to join forces rather than pursue their own ballot questions, which have generated conflict.

  • Penn National--Circa 1972, at Least--Nears Finish Line

    The grandstand/clubhouse facility at Penn National Race Course is in the final days of its almost 34-year history. Racing fans with a fondness for the track with a mountain view are expected to make the trip for the final two nights of racing.

  • Massachusetts House Defeats Slots Bill

    The Massachusetts House of Representatives voted April 5 to defeat a proposal adding 8,000 slot machines to the state's four racetracks, one of which is Suffolk Downs, the historic Thoroughbred facility in East Boston.

  • Referendum Sought on Video Slots at Ohio Racetracks

    Gambling proponents announced a proposed constitutional amendment March 24 to allow video slot machines at the seven racetracks in Ohio. The proposal, which calls for slots at non-track sites in Cincinnati and Cleveland, would also allow voters in counties with racetracks to vote in four years on establishing full casinos with table games in those areas.

  • Industry Rallies in Boston; Final Slots Vote Scheduled

    At a March 20 statehouse rally in Boston, hundreds of local horsemen, track employees, city mayors, and labor leaders pressed lawmakers for action on a proposal that would add 2,000 slot machines at each of the state's four pari-mutuel facilities.

  • Casino Bill Clears Committee--But Racetracks Left Out

    A Kentucky House committee approved legislation March 15 to authorize a constitutional amendment on casino gambling, but the substitute measure--believed to have little or no chance of passage in the full House--makes no mention of racetracks or dedicated revenue for state programs, the lynchpins of legislation proposed by the Kentucky Equine Education Project.

  • 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.

  • Panelists: Racing Better as Part of Entertainment Package

    Representatives of operations that have or will have gaming at racetracks left little doubt which half of the equation drives the financial engine, and they indicated marketing horse racing as an entertainment option rather than a gambling enterprise may be the way to go.

  • Bills: Vote on Table Games, Ban on Account Bets

    West Virginia lawmakers are considering two bills--one that would prohibit account wagering, and another that would authorize county referendums on the addition of casino-style games at Thoroughbred and Greyhound racetracks.

  • Surface Woes Lead to Penn National Cancellations

    Following the refusal of jockeys to ride the remainder of the live card after two races had been completed Jan. 7, Penn National Race Course in Grantville, Pa., announced Jan. 9 it would cancel live racing and training for this week while attempts are made to fix "inconsistent" portions of the racing surface.

  • Nine Out of 10 Kentuckians Want Chance to Vote on Gaming

    More than nine in 10 Kentucky voters (92 %) believe they should be given an opportunity to vote on a constitutional amendment allowing for casino gaming even if they are opposed to expanded gambling, according to the finding of a recent survey of 801 Kentucky voters conducted on behalf of KEEPĖœthe Kentucky Equine Education Project.

  • KEEP Releases Plan for Racetrack Casino Revenue

    The Kentucky Equine Education Project began lobbying in earnest for its racetrack casino plan with a letter to more than 3,200 community officials outlining how the state's share--a projected $437.5 million a year--from gaming would be spent under proposed legislation.

  • MEC Reports Loss; Has Deal to Sell Pennsylvania Operation

    On the same day it reported a third-quarter loss of $34.5 million, Magna Entertainment Corp. announced it entered into a deal to sell its Pennsylvania operation--The Meadows harness track and a ring of off-track betting parlors in the western part of the state--to Millennium Gaming and Oaktree Capital Management for $225 million.

  • Massachusetts Racing Industry Rallies for Hearing

    The Massachusetts horse racing industry is taking a day off Sept. 28 to show its support during a hearing in the state House of Representatives on legislation that could impact the industry.

  • New Mexico's Zia Park Set to Open Friday

    Zia Park will kick off its inaugural 44-day season Friday with an 11-race card of Quarter Horse and Thoroughbred racing, with the opening day program highlighted by the $50,000 Premier Stakes for Thoroughbreds at six furlongs.

  • KEEP chairman Brereton C. Jones.

    KEEP Supports Casinos at Licensed Racetracks

    The Kentucky Equine Education Project announced its support Sept. 16 for a referendum to amend the state constitution to allow for casino gambling at licensed racetracks. But details of the plan won't be in the form of legislation until Jan. 1, 2006, and officials admitted the final document will be subject to revision.