The Pennsylvania Equine Coalition has blasted a budget proposal by Gov. Tom Corbett to take roughly $72 million in each of the next three years from the Pennsylvania Race Horse Development Fund to pay for other programs.
Legislation that would divert gaming revenue for horse racing to other sources has been introduced in Maryland, and in Pennsylvania the governor has taken similar action in his 2012-13 state budget.
Revenue from slot machines and table games at 10 casinos in Pennsylvania in 2011 topped $3 billion for the first time, state officials said Jan. 18.
Despite taking a financial hit because of a state-imposed shutdown during its live race meet this summer, Canterbury Park will stay the course with its regular schedule in 2012.
The Massachusetts legislature Nov. 16 passed a bill authorizing casinos in the state, and Gov. Deval Patrick is expected to sign it.
Legislation authorizing slot machines at racetracks has stalled again as the Illinois General Assembly extended its fall session until after Thanksgiving.
Three southeast Florida pari-mutuels are asking the Supreme Court of Florida to consider a review of a lower court's decision that authorizes Hialeah Park to have a casino with Las Vegas-style slot machines.
New Hampshire moved closer to the expansion of gambling when a House of Representatives committee advanced a bill calling for two casinos with a combined 10,000 slot machines and table games.
Two bills that would authorize three destination resorts with casinos, including roulette and other table games, in the southeast Florida counties of Miami-Dade and Broward were introduced in the state legislature Oct. 26.
Suffolk Downs will offer its richest stakes since 2008 on Oct. 22 amid a sense of optimism brought about by passage of legislation that gives it a chance to be awarded a license for a resort casino.
An amendment to eliminate a slot-machine facility that would dedicate 9% of gross revenue to the horse racing industry in Massachusetts as part of expanded gambling legislation was killed in the Senate Oct. 6.
Historic Hialeah Park won another court round in its effort to match casinos at Gulfstream Park and Calder Casino & Race Course.
Penn National Gaming Inc. is making its case for gaming at Rosecroft Raceway, the Maryland harness track it purchased earlier this year and will reopen for live racing Oct. 21.
Racetrack gaming has poured money into the pari-mutuel industry but shouldn't be viewed as a savior, panelists said Oct. 4 during the 2011 Global Gaming Exposition in Las Vegas.
Pennsylvania's 10 casinos -- racetrack and standalone -- generated $274.9 million for the state's Race Horse Development Fund in fiscal year 2010-11, according to the Pennsylvania Gaming Control Board annual report.
The Family Foundation of Kentucky continued its efforts to halt Instant Racing at Kentucky Downs Sept. 21 when it asked state Attorney General Jack Conway to classify the games as illegal slot machines.
The Family Foundation of Kentucky has filed an injunction in the Kentucky Court of Appeals to halt the operation of Instant Racing machines at Kentucky Downs.
Hialeah Park has hired Steve Calabro, a former Gulfstream Park president, for its new position of director of gaming, and believes the courts will uphold its plans to open a casino with slots and a poker room.
The horse racing industry in Massachusetts would get a much-needed shot in the arm according to the terms of a new expanded gambling bill filed by legislators Aug. 23.
MTR Gaming Group, which recently received approval to refinance its debt, reported net income of $2.3 million for the second quarter of 2011. For the same three months in 2010, the company posted a net loss of $500,000.
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.
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