12/02/2006 12:00AM

Remington Park's business soars


In a major resurgence, Remington Park, which opened a casino in November 2005, posted extreme gains in average daily handle during its Thoroughbred meet that closed on Tuesday. The Magna-owned track is in Oklahoma City.

Handle on Remington's live races from all sources was $873,833 per night this meet, a gain of 58 percent from the $549,701 average during the corresponding meet in 2005. Of the total amount, an average of $795,334 a night was bet on the track's races offsite, a 65 percent increase from the 2005 average of $481,012.

Fueled by revenue from its casino, purses for the 2006 meet were up, with the daily distribution averaging a track-record $178,739, compared to about $100,000 for the same meet in 2005. The previous daily average purse record was $106,482 in 1996.

Remington's field size average was 9.6 starters per race, compared to 9.2 in 2005. The track will open for a Quarter Horse meet in March.