Colonial Downs in New Kent, Va., and a consortium of the state’s breeding and racing organizations have joined together to push a bill through the state legislature that would reallocate revenue from account wagering in the state and potentially lead to the re-establishment of live racing, according to the groups.
Oaklawn Park in Hot Springs, Ark., will increase purses by $1,000 to $3,000 per race starting next Thursday, Feb. 12, the track announced. The boost comes a month into the meet that debuted with a $20 million expansion to its thriving gaming center.
Handle on U.S. races in January climbed 1.5 percent compared with the same month last year despite a 2.8 percent drop in the number of races held during the month, according to figures released on Wednesday by Equibase.
List of horses nominated for the 2015 Triple Crown.
Now two months old, a simulcasting dispute between a company controlled by the Stronach Group and a group of racetracks has shown some signs of progress over the past several weeks, according to an official involved in the discussions, though a deal has not yet been reached.
Officials with the National Thoroughbred Racing Association and several horseplayers met with an official in the Treasury Department this week in Washington to discuss the NTRA’s request for a change in how gambling winnings are taxed, the president of the NTRA said on Thursday.
Penn National Gaming Inc., the owner of 26 casinos and racetracks across the U.S. and Canada, took a $316.5 million impairment charge in the fourth quarter of 2014, leading to a $233.2 million loss for the year, according to financial statements released on Thursday.
The Illinois Racing Board, a body in transition as new Illinois Governor Bruce Rauner sets up his administration, certified recapture for racetracks in 2015, which is likely to result in significantly lower purses for the Arlington meet.
Harold Snyder, the founder of International Sound Corporation, died on Monday at age 91 at his home in Baltimore.
