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Wednesday, February 25, 2009

Breeders' Cup Foal Nominations Down 9%
The number of foals nominated to the Breeders' Cup program for 2008 was 14,602, down about 9% from 16,089 in 2007, according to figures released Feb. 24 by Breeders' Cup. More...

Finley: Naysayers Should Look in Mirror
The head of a major racing partnership group acknowledged the difficulties faced by the Thoroughbred industry, but indicated the primary thing the industry has to fear is itself. More...

MID Shareholder: Foreclose on MEC Loans
A prominent shareholder is asking MI Developments to foreclose on loans it has with its subsidiary Magna Entertainment Corp., if and when those credit agreements go into default, in hopes of recouping some of its investment in potential bankruptcy reorganization. More...

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Funds for Regulation Focus of KY Bills
A Kentucky lawmaker has introduced legislation that would impose a 3.5% tax on out-of-state advance deposit wagering companies that take bets from Kentucky residents.

Court Refuses NYRA Appeal in OTB Case
The New York Racing Association lost a five-year-old lawsuit Feb. 24 when the state's highest court refused to hear its appeal in a case potentially worth millions of dollars in back simulcasting payments to the racing entity.

Stallion Manager Marion Gross Dies
Marion Gross, stallion manager at the Beck family's Gainesway Farm near Lexington, died Feb. 23 following a brief illness.

Report Backs Belmont Casino, Development
A New York state government panel said Belmont Park can support a sprawling casino, hotel, retail, and housing development to bring jobs and money to the state.

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Shapiro 'Allied' with New Calif. Group
Richard Shapiro, former chairman of the California Horse Racing Board, has been hired as a consultant by the newly-formed California Horse Racing Alliance. Craig Fravel, the alliance's president and the executive vice-president of the Del Mar Thoroughbred Club, confirmed the hiring of Shapiro shortly after the group's formation in recent weeks.

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