Prairie Meadows Racetrack & Casino June 24 approved a new eight-year lease with Polk County that will pay the county $26 million in each of the first three years and perhaps more after that.
Legislation calling for a huge expansion of legalized gambling in Illinois is headed to the House floor after a similar bill failed earlier in the week of May 22.
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.
Arlington Park chairman Richard L. Duchossois said he doesn't know if the racetrack can survive unless the Illinois legislature finally allows Arlington to add slot machines.
Indiana lawmakers have passed a two-year, $28 billion budget that largely spares the horse racing and breeding industry, which was targeted for major reductions in the amount of revenue it receives from slot machines.
Suffolk Downs has entered into what it terms a "strategic alliance" with Caesars Entertainment to bolster its chances of developing a destination resort casino should Massachusetts approved expanded gambling.
Indianapolis Downs LLC, which operates Indiana Downs and its companion Indiana Live! Casino, said April 7 it has filed voluntary Chapter 11 petitions.
Representatives of Indiana's horse racing and breeding industry are lobbying against part of the proposed state budget that would reduce its share of revenue from racetrack gaming by about 55%.
Cordish Cos. of Baltimore has sued the Maryland Jockey Club and the owners of Indiana Downs for allegedly conspiring to defame the company, which plans to build a slot machine casino at the Arundel Mills Mall in Maryland.
A statewide poll conducted by Baselice and Associates shows 64% of Texans support slot machines at racetracks and Indian reservations.
Penn National Gaming Inc. said 10 of its 15 gaming properties increased net revenue and that it intends to "expand its presence to any jurisdiction considering the expansion of gaming."
- By Tom LaMarra
Penn National Gaming Inc. believes racetrack gaming can be a major economic driver but shouldn't be viewed as a means to increase pari-mutuel wagering on racing, company president Peter Carlino said.
Hialeah Park is moving ahead with plans to build a casino even though three other southeast Florida pari-mutuel outlets are continuing with a lawsuit that challenges its legal right to have slot machines.
Video lottery terminal revenue from two Maryland casinos will fund a 16% increase in purses at Laurel Park effective Feb. 2.
Democratic Illinois Rep. Lou Lang reiterated Jan. 15 he intends to push legislation authorizing racetrack slot machines and will begin drafting a bill the week of Jan. 17.
The proposed Indiana budget bill includes a line item that would almost cut in half the amount horse racing receives from racetrack slot machines.
The Illinois General Assembly adjourned early the morning of Jan. 12 without voting on a massive expansion of gaming that would have permitted the state's racetracks to install a limited number of slot machines.
A commission overseeing development of video lottery terminal parlors in Maryland said Jan. 11 the state should examine ways to attract more interest in available gaming licenses and study similar operations in other states.
The Maryland General Assembly convenes Jan. 12 for a session expected to include aid for horse racing, but action on the expansion of gambling is questionable.
A bill that would dramatically expand Illinois gaming, including permitting slot machines at the state's racetracks, has advanced to the floor of the Illinois House of Representatives with bipartisan support.
The prospect of changes in Maryland's law governing slot machines has led Baltimore Orioles owner Peter Angelos to again make a bid to purchase bankrupt Rosecroft Raceway, located just south of Washington, D.C.
The Maryland Jockey Club will receive more than $5 million for operations under the parameters of a negotiated agreement that will maintain a full 146-day live Thoroughbred racing schedule in the state.
The Florida Division of Pari-Mutuel Wagering Dec. 21 issued a license for slot machines to Hialeah Park. Gaming could be offered in November 2011, officials said.
Issues impacting the long-term health of California horse racing were dissected Dec. 9 and produced a general message: Think outside the box, because the prospect of revenue from gaming is very dim.
Illinois senators approved a major expansion of casino gambling, including racetrack slot machines, Dec. 1, but the measure must now pass the House of Representatives and be signed by Gov. Pat Quinn.
Penn National Gaming Inc. said Nov. 30 its joint venture with MI Developments in Maryland will continue, and that it planned to work on an "expedited basis" to devise a 2011 live racing schedule in the state.
A state court in Tallahassee, Fla., Nov. 22 ruled in favor of Hialeah Park on one count of a lawsuit that challenges its legal right to build a casino with Las Vegas-style slot machines.
An informal poll conducted by the Hall Institute the week of Nov. 15 showed more than half would support installing slot machines at Meadowlands in New Jersey.
With a Dec. 1 deadline on racing dates looming, Maryland horsemen are advocating a schedule similar to that of 2010 even though a shutdown of Laurel Park for live racing and training is on the table.
The Maryland Jockey Club will map out a plan for the future over the next several weeks and the closure of Laurel Park for live racing and training remains a real possibility, officials said Nov. 3.
Voters in Anne Arundel County, Md., approved a ballot measure that grants zoning for a slot machine casino at the Arundel Mills Mall.
A plan to put slot machines at Arundel Mills Mall instead of Laurel Park is the driving force of a Nov. 2 referendum in Anne Arundel County, Md.
Hoosier Park Racing & Casino in Indiana reported strong across-the-board gains for its 2010 meet that ended Oct. 24.
A positive day for horse racing at Turfway Park couldn't hide the fact the track's product, and the Kentucky horse racing and breeding industry in general, are suffering.
Why support an industry that cannot sustain itself? Because wherever this debate occurs, it's important to see that the racetrack is only part of the equation. Read Blog
The Maryland Court of Appeals will hear an appeal by a citizens' group seeking to get a referendum involving slot machines in Anne Arundel County on the November ballot.
Suffolk Downs, celebrating its 75th season this year, has a vision for the future, and it's tied to expansion of gambling.
A citizens' group will meet the evening of June 29 to discuss a court ruling that rejected a referendum on slot machines in Anne Arundel County, Md.
Indiana Downs, citing weather-related cancellations, will increase some overnight purses and state-bred supplements in open races 30% effective June 29. The meet ends July 14.
The number of states that permit racino gaming has grown from one in 1990 to 15 in 2010. Read Blog
When Kentucky Gov. Steve Beshear and representatives of Breeders' Cup and Churchill Downs announced the track was selected to host the World Championships in 2011, the lawmaker who pushed for tax breaks wasn't on hand.
Churchill Downs announced June 8 it will raise overnight purses 10% effective June 12 for the final three weeks of its spring meet.
When Indiana Downs didn't card a scheduled $75,000 stakes May 26 due to a shortage of entries, red flags were raised as to whether there was another reason the race wasn't run.
Hialeah owner John Brunetti said he needs answers to questions before he starts making improvements--and spending more money--at the South Florida racetrack.
The May 13 Preakness Alibi Breakfast was for the most part lighthearted as usual.
MTR Gaming Group reported a net loss of $3.3 million for the first quarter of 2010 versus net income of $752,000 for the same period in 2009.
The Maryland Jockey Club, now operated by MI Developments, will be jointly operated by Penn National Gaming Inc. upon closure of the deal, the two entities announced May 7.
Arlington Park president says the track will go out of business without slots.
Hawthorne Race Course is touting legislation that would authorize slot machines at Illinois racetracks.
Prediction from a few racing industry executives: If you're a racetrack without slot machines, you're doomed.
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