08/26/2013 12:10PM

Calder to cut overnight purses by 12 percent

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Calder Race Course in Miami will cut overnight purses by 12 percent beginning Aug. 30 because of a drop in business due to head-to-head competition with nearby Gulfstream Park and a loss of revenue from simulcast fees, the track announced Sunday.

The cut is the first concrete fallout from the competition with Gulfstream and a change in legal status for several Florida tracks. The cuts to overnight purses will drive down the minimum purse in an overnight race to $10,500, the track said. No stakes will be cut from the schedule, though some purses in stakes races may be reduced “slightly,” according to the track.

Earlier this year, Calder’s parent company, Churchill Downs Inc., said simulcasting revenue at Calder was down $5.1 million through the first six months of 2012. The decline is mainly due to the ability of Gulfstream and Tampa Bay Downs to sell simulcast signals throughout the state for the first time after the tracks received host-track status from state regulators by running isolated cards in the summer.

In the past, Calder received fees by exclusively selling simulcast signals to other tracks and parimutuel facilities in Florida throughout most of the year.

Calder and Gulfstream have both been running on Saturdays and Sundays since the beginning of July. This is the first time that Gulfstream has run during the summer.

Jeff Mcintosh More than 1 year ago
I HAVE A GREAT IDEA FOR GP HAVE A MATCH RACE BETWEEN ORB AND QUALITY ROAD, BECAUSE OUTSIDE OF GP THESE 2 HORSES ARE AS COUNTERFEIT AS A $3 BILL HUGE PROMO
Mike Kaplan More than 1 year ago
I'm sorry to hear from you naysayers. I have a different take. This is the free enterprise system working. I've been enjoying Gulfstream. A true handicapper can put bets together on any race if he chooses. I think, by running Gulfstream, the plan is to attract more horses year round to be able to run larger fields which attracts more betting money. This creates an upward spiral. Calder purses, unfortunately, should be raised and Gulfstream should guarantee that it won't abruptly close the summer racing. Show up, be positive, and enjoy the ocean breezes.
Jeff Mcintosh More than 1 year ago
NO MIKE THIS IS ABOUT PUTTING CALDER OUT OF BUSINESS, ALL THEY HAVE DONE IS MAKE A MARGINAL PRODUCT A DILUTED MARGINAL PRODUCT. THEY HAVE THE PRIME DATES THATS NOT ENOUGH.ALL CALDER DID WAS ASK FOR THEIR NORMAL DATES. CALDER HAS A BIG GIVEAWAY SATURDAY IT IS TIM RITVO PUPPET DAY.I WISH GP NOTHING BUT THE WORST.
mikey More than 1 year ago
Ritvo was gelded by FS when he sold his soul to get his job.He has no idea of how to run a race track.He does what ever he is told to do and nothing on his own.He needs a purchase order to buy a box of pen.
mikec203 More than 1 year ago
I'm pretty sure that no one is forced to bet, so those against Stronach and Gulfstream should simply stay away. For those that do bet Florida racing year round, the pools at Gulfstream are much larger than Calder, and the takeout less, so this is a win for bettors. And for horsemen that choose to race in Florida year-round, Gulfstream is a much better place that treats horsemen with respect, keeps the facility in wonderful shape, and actually puts effort and money into its racing product. So in an age where bettors and horsemen are always getting screwed, Gulfstream should be applauded by all that are not hypocrites. Simple as that.
mikey More than 1 year ago
Stronach is a mad man just like another leader about 70 years ago.They came from the sane part of the world and is as crazy as razy can be.He needs to be stopped before he takes over the racing world.Like the other crazy nman tried to do.iF HE GETS CONTROL SEE WHAT HE WILL DO TO RACING.
mikec203 More than 1 year ago
Wow. Enjoyed this rant where YOU call someone else crazy. Priceless.
Walter More than 1 year ago
You are retarded.
mikey More than 1 year ago
How many gms has this mad man fired.He has fired some good people because they would not bow down and kiss his boots.
Greg Michaels More than 1 year ago
And she only has one finger to type, right?
[removed] More than 1 year ago
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W.G. More than 1 year ago
Lets see, it looks like this account was HACKED or it's a SPAMBOT!
Thomas Cook More than 1 year ago
Another example of racing killing itself. Sad.
[removed] More than 1 year ago
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W.G. More than 1 year ago
Another case where it looks like this account was HACKED or it's yet another SPAMBOT!
Anonymous More than 1 year ago
Oh dear, is CDI getting the treatment that it often gives to the smaller track when it has the large track in town? My heart bleeds for them... I hope those moneygrubbing weasels choke on it.
Steve Reed More than 1 year ago
I have been playing Florida racing since I moved here in 1983 and this is a terrible situation. Hialeah is gone and Calder is on deck.. The summer is tough enough on Horses and the product has been cheapened by the GREED.Gone is the tradition of the circuit of south Florida racing. My protest is to wait for The real Gulfstream to start in Dec. as will Tampa Bay Downs. .
GuyFleegman1 More than 1 year ago
And Churchill Downs Inc destroys yet another track! Gotta pay for those upscale suites for the rich and disgusting and Churchill Downs.
GQ More than 1 year ago
I went to Calder in early July for the Summit of Speed. What a joke. I will never go back. Falling apart on the outside. The worst choice of concessions I have ever seen. Their biggest day of the summer and they did not have 1000 people Churchill Downs should be embaressed. I am waiting for Churchill to make the Calder Derby the points race for the Kentucky Derby and strip the Florida Derby of any points for the Kentucky Derby. That is the kind of things you do before you die. War is hell. George in Naples Florida
Russell More than 1 year ago
When is the Calder Derby run?
Anil More than 1 year ago
December on turf
Anonymous More than 1 year ago
George if your coming all that way you should head to Gulfstream!