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Letter indicates state may seek to revoke NYRA franchise

A letter sent Tuesday by the heads of the two regulatory agencies overseeing the New York Racing Association is likely the opening salvo of what is expected to be a bruising legal and political battle over control of NYRA’s three tracks and the payments the association receives from a casino at Aqueduct.

Matt HegartyMay 16, 2012

New York prepares to study massive volume of comments on Lasix issue

A “substantial” amount of public commentary on potential changes to rules in New York allowing for the raceday administration of the anti-bleeding medication furosemide hsa been submitted, according to an official with the New York State Racing and Wagering Board.

Matt HegartyMay 14, 2012

Thoroughbred Retirement Foundation asks court to dismiss New York lawsuit

The Thoroughbred Retirement Foundation’s directors responded Monday to the New York attorney general’s lawsuit against them with a court filing that calls for the suit’s dismissal.

Glenye Cain OakfordMay 14, 2012

New York Racing Association names McClain president and hires new general counsel

The New York Racing Association board of directors on Monday appointed its chief operating officer, Ellen McClain, as president of the association, and hired Kenneth Handal, a former assistant U.S. attorney, to be its general counsel.

Matt HegartyMay 14, 2012

Jockey Club launches website for owners

The Jockey Club on Friday launched a website designed to provide information to owners of racehorses, part of a multi-pronged strategy to implement the recommendations of a study the Jockey Club commissioned last year.

Matt HegartyMay 11, 2012

Pennsylvania Senate-passed budget doesn't include large-scale cuts to racing subsidies

The Pennsylvania Senate on Thursday passed a $27.7 billion budget that does not contain large-scale cuts to the amount of subsidies directed to the state’s horse racing industry as proposed by Gov. Tom Corbett.

Matt HegartyMay 11, 2012

Thoroughbred Retirement Fund defends itself in open letter, releases inspection reports

In response to a recent New York lawsuit claiming it has allowed its horses to be neglected, the Thoroughbred Retirement Foundation’s board has released veterinary reports showing the results of recent inspections at their farms and satellite facilities.

Glenye Cain OakfordMay 09, 2012

Suffolk Downs: Competing group drops out of casino license chase

Backers of a casino project near Foxboro Stadium in the Boston area have abandoned their plans, handing the lead for the sole casino license for the area to a partnership that includes Suffolk Downs in East Boston.

Matt HegartyMay 09, 2012

Churchill Downs Inc. shows $1.35M net earnings on record revenue in first quarter

Churchill Downs Inc. had net earnings of $1.35 million in the first three months of 2012 on record first-quarter revenue of $138.2 million, according to financial statements released on Monday.

Matt HegartyMay 07, 2012

No furosemide vote at Kentucky commission's May meeting

The Kentucky Horse Racing Commission will not call for a vote on a proposal to phase-out the raceday use of the anti-bleeding medication furosemide prior to stakes races run in the state at its upcoming May 16 meeting.

Matt HegartyMay 07, 2012
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