Keyword: slot machines

  • 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.

  • 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.

  • Jack Sours, new president and general manager at Mountaineer in West Virginia.

    Sours Named President of Mountaineer

    Jack Sours has been named president and general manager of Mountaineer Casino, Racetrack & Resort, MTR Gaming president and chief executive officer Bob Griffin announced Jan. 13.

  • 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.

  • Slot Machine

    Is Racing Using Its Slots Money Wisely?

    As hundreds of millions of dollars in revenue from slot machines flows to horse racing, there is growing sentiment that perhaps the racing industry is failing to capitalize on the new wealth by solely pumping money into purses and breed development programs.

  • Ohio Lawmaker Plans Gaming Legislation

    An Ohio lawmaker whose district includes River Downs said Nov. 26 he plans to introduce legislation in 2009 for casino-style gaming that would support the horse racing and breeding in the state.

  • Slot Machine

    Maryland Voters Approve Slot Machines

    Maryland voters approved legalizing slot machines Tuesday in a constitutional amendment, paving the way for up to 15,000 machines in five locations and ending years of debate between lawmakers who never managed to pass the measure on their own.

  • KY Identifies Problems, But Needs Money

    The Governor's Task Force on Racing in Kentucky is close to preparing and releasing a report pinpointing problems and offering recommendations that ultimately will require a lot of money -- something in short supply given an ongoing budget crunch.

  • Illinois Tracks Could See Casino Money

    After more than a dozen years of wrangling, Illinois race tracks and horse owners soon may see the influx of millions of dollars from riverboat casinos – and Hawthorne Race Course could add a casino to its racing operations, helping drive additional subsidies for all tracks.

  • Two Miami Pari-Mutuels Set Casino Plans

    The two other pari-mutuels in Miami-Dade County, Florida, have moved ahead of Calder Race Course in announcing plans for casinos that would have Las Vegas-style slot machines.

  • Slot Machine

    Crisis Brings Calls for Aqueduct VLTs

    The nation's financial crisis has stepped up efforts to prod state government in New York to select an operator for the long-stalled video lottery terminal casino at Aqueduct, and launched a renewed effort to bring VLTs to Belmont Park.

  • Advice: Embrace 'Whales,' Close Tracks

    This year's International Simulcast Conference opened Sept. 29 with some advice to the horseracing industry: Embrace the "whales" and computer-assisted wagering, and close some tracks to help improve the product at those that remain.

  • FL Supreme Court Denies Tribe's Request

    The Supreme Court of Florida Sept. 11 denied a request by the Seminole Tribe of Florida and Gov. Charlie Crist for a re-hearing on its July 3 ruling that blackjack and baccarat are illegal at the tribe's Hollywood, Fla., casino.

  • Calder Race Course has won the right to install slot machines.

    Slots Revenue Agreement OK'd for Calder

    Churchill Downs Inc. and the Florida Thoroughbred Breeders and Owners Association announced Sept. 10 that they have reached an agreement on a contract for future slot machine revenue at CDI-owned Calder Race Course.

  • Longtime Hoosier Park Exec Moore Leaving

    Rick Moore, general manager at Hoosier Park Racing & Casino, is leaving the Indiana track after 14 years, officials announced Aug. 29, opening day of the Thoroughbred meet. His last day will be Sept. 12.

  • Indy-Bred Purses Get $800,000 Bump

    The Indiana Horse Racing Commission approved a plan Aug. 14 that calls for significant increases to purses offered through the Thoroughbred Breed Development program at the upcoming Hoosier Park meet.

  • Slot machines generated 64% of total purses in Pennsylvania in 2007.

    PA Report: Purses Up, Handle Share Down

    Total purses earned at Pennsylvania racetracks jumped 162% from 2006 to 2007 because of revenue from on-track slot machines, while the percentage of purses earned from pari-mutuel wagering dropped substantially during the same period, according to the Pennsylvania Gaming Control Board's first "benchmark report" on the impact of slots on pari-mutuel wagering.

  • Texas HORSE Seeks Support, Legislation

    Texas Thoroughbred Association executive director David Hooper addressed the Greater Houston Horse Council July 21 in an effort to garner support for a new breed coalition, Texas Horse Organizations for Racing, Showing and Eventing, which is known as Texas HORSE.