Penn National Gaming Inc., the owner of 28 gambling properties in North America, including several racetrack-casinos, had net income of $46.5 million in the third quarter of 2012, down 34 percent from net income of $70.8 million in the third quarter last year.
The sudden resignation of Ontario Premier Dalton McGuinty on Monday evening should have no direct impact on the upcoming final report from the horse racing transition panel.
Researchers studying data collected over the past three years on injuries sustained by horses at racetracks have concluded that horses running in claiming races are at far higher risk of breaking down than horses who run in non-claiming races.
Mary Manney, assistant executive director of the Minnesota Racing Commission, has been placed on paid administrative leave pending the results of an investigation of alleged misconduct. Chief state veterinarian Dr. Lynn Hovda is also being investigated for alleged misconduct.
The United States market for slaughter horses was thrown into confusion Friday after slaughterhouses in Canada appeared to have closed their doors abruptly to U.S. horses, according to slaughter buyers, lower-market horse dealers, and the auctions they frequent.
The New York State Racing and Wagering Board passed seven rule changes Thursday based on the recommendations of a task force that studied a spike in breakdowns at Aqueduct racetrack last winter.
The Thoroughbred Aftercare Alliance has put together contributions agreements with a range of industry companies and organizations that could funnel several million dollars toward retirement and retraining of former racehorses, the TAA announced Thursday.
The Ontario racing industry is in the midst of a last-ditch drive to convince the provincial government that a three-year, $50 million assistance package recommended by the province's finance minister is inadequate to protect the sport in the absence of revenue from slot machines.
Gulfstream’s effort to secure its Quarter Horse permit is part of a gold rush by companies seeking to obtain Florida racing licenses to exploit the gambling opportunities afforded to permit holders.
Churchill Downs Inc. has reached an agreement to purchase a casino in Vicksburg, Miss., for $141 million, the company said late Friday. The casino, called Riverwalk Casino and Hotel, is the second that Churchill has purchased in Mississippi in the last three years, and it is the second property that Churchill has purchased that does not have a horse-racing component.
