Penn National Gaming Inc. had net income of $70.8 million on revenue of $710.9 million during the third quarter of 2011, according to financial statements the company released on Thursday.
Illinois Gov. Pat Quinn dealt the state’s racing industry a blow Monday, saying he would veto a gaming bill that would have allowed slot machines at the state’s racetracks, and proposing scaled-down gaming expansion eliminating the racetrack-casino component.
The Florida Thoroughbred Breeders’ and Owners’ Association has hired former Santa Anita Park chief executive Lonny Powell as its new executive vice-president, the group announced at its annual meeting on Thursday.
Officials for New York’s five remaining off-track betting companies continued to resist calls for consolidation during a hearing before the state Senate’s Racing, Wagering, and Gaming Committee on Wednesday.
Bucking what most racing officials consider a beneficial trend, race days at U.S. racetracks increased in the month of September compared with the same month last year, but demand for racing continued to wane, with total handle at U.S. racetracks dropping 6.3 percent
Television Games Network has re-signed Keeneland Racecourse and Del Mar Thoroughbred Club to exclusive television agreements through 2016 and has begun asking tracks to commit to high-definition broadcasts.
The Stronach Group, the private company that owns Laurel Park and Pimlico Racecourse, has joined with Caesars Entertainment and a slew of other investors in an application to build and operate a casino in Baltimore.
Remi Bellocq, chief executive of the National Horsemen’s Benevolent and Protective Association for the past 10 years, is leaving the position to take a job as the executive director of an equine program at Bluegrass Community and Technical College in Lexington, the National HBPA said.
Churchill Downs Inc. has notified the Jockeys’ Guild that it will not renew a four-year agreement that expires at the end of the year providing for payments to the Guild from the company’s four tracks, according to Churchill and the guild.
New instant racing gaming machines will keep operating at Kentucky Downs after a Kentucky Court of Appeals denied gaming opponents’ motion for an emergency injunction.
