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Keeneland offers buyouts to some employees
By Matt Hegarty
Keeneland Association, the Lexington, Ky., racing and sales company, has offered buyouts to an unspecified number of its full-time employees, the president of the company, Nick Nicholson, confirmed on Wednesday. Nicholson said the buyouts were issued ...Full Story >>
TODAY 09.03.2010
Fewer race dates in August hurts handle, purses
By Matt Hegarty
Race days at U.S. racetracks in the month of August plummeted 13.2 percent, or a total of 86 dates, a decline that contributed to steep drops in wagering and purse distribution in the month compared with August of last year, according to figures ...
08.27.2010
California takeout bill faces hurdles
By Steve Andersen
DEL MAR, Calif. – Legislation that would increase takeout for exotic bets on California races and permit the development of exchange betting was stuck at the committee level on Friday. The state legislative session is scheduled to end on ...
Horseplayers disagree with California's plan to raise takeout on exotic bets
By Matt Hegarty
The business world generally agrees that the last option for a struggling industry should be raising prices. But the California racing industry is contemplating just that option in legislation that would boost the takeout on exotic and superexotic ...
08.24.2010
Group files brief opposing Kentucky gambling machines
By Matt Hegarty
LEXINGTON, Ky. – A group opposed to expanded gambling in Kentucky filed a brief on Monday to intervene in a request from the state’s racing commission for a state court to rule on whether gambling devices using already-run races to generate ...
08.23.2010
California bill would raise takeout on exotics
By Steve Andersen
Legislation that would increase the takeout on exotic wagers in California and authorize exchange betting in the state has been introduced in the state Assembly.