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Janney elected Jockey Club chairman

Stuart Janney III, The Jockey Club’s vice chairman since 2010, was elected the chairman of the organization at a board meeting Saturday, filling the spot vacated by Ogden Mills “Dinny” Phipps, who announced his resignation earlier this year, effective with the Saturday meeting.

Matt HegartyAug 08, 2015

USADA under the microscope

Last year on Aug. 18 in an exhibit room at the National Museum of Racing and Hall of Fame in Saratoga Springs, N.Y., Travis Tygart, the chief executive officer of the United States Anti-Doping Agency, appeared before a roomful of people gathered by the Water Hay Oats Alliance to give a presentation about a possible role in Thoroughbred racing for his company, known as USADA. Near the end of the presentation, and just after listening to complaints from audience members about the need for racing to adopt a new structure to combat what some at the meeting alleged to be widespread doping, Tygart told them, “You’re on the side of the angels here.”

Matt HegartyAug 07, 2015

New York OTBs drop Churchill's signals

New York’s five offtrack betting corporations have terminated a simulcasting contract with Churchill Downs Inc. and dropped the signals from the tracks controlled by the company, officials for the corporations said on Thursday.

Matt HegartyJul 30, 2015

Churchill's net income dips despite record revenue

Churchill Downs Inc. had net income of $55 million and record revenue of $409.2 million in the second quarter of 2015, according to financial documents released Wednesday.

Matt HegartyJul 29, 2015

Veterinarians’ group seeks Lasix alternative

The American Association of Equine Practitioners said it will support a ban on the race-day use of the anti-bleeding medication furosemide if an “alternative of equal or greater efficacy” can be identified, the AAEP said on Wednesday as part of a 10-point plan to pursue medication reform.

Matt HegartyJul 29, 2015

Veterinarians’ group seeks Lasix alternative

The American Association of Equine Practitioners said it will support a ban on the race-day use of the anti-bleeding medication furosemide if an “alternative of equal or greater efficacy” can be identified, the AAEP said on Wednesday as part of a 10-point plan to pursue medication reform.

Matt HegartyJul 29, 2015

Commission tables vote on 3-day Suffolk Downs meet

The Massachusetts Gaming Commission tabled a vote on whether to approve three days of live racing this year at Suffolk Downs in East Boston after a group of horsemen contended that a company owned by Frank Stronach was interested in leasing the track, according to officials at the meeting.

Matt HegartyJul 23, 2015

Penn National Gaming posts higher net income in second quarter

Penn National Gaming Inc., which operates dozens of casinos and a handful of racetracks, had net income of $16.9 million in the second quarter of 2015, a $12.7 million gain over the second quarter of last year, according to financial documents released Thursday.

Matt HegartyJul 23, 2015

New Mexico bans clenbuterol for Thoroughbreds, Quarter Horses

The New Mexico Racing Commission on Wednesday amended a rule on the use of the controversial bronchodilator clenbuterol, banning the drug for Quarter Horses and Thoroughbreds, effective immediately.

Matt HegartyJul 22, 2015

Senate committee advances favorable tax rules

A U.S. Senate committee has approved a document that would extend tax-depreciation rules that are favorable to horse and farm owners, according to the National Thoroughbred Racing Association, which lobbies the federal government on racing issues.

Matt HegartyJul 21, 2015
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