An attorney for Morris Bailey, the real estate developer who is operating Monmouth Park in New Jersey under an unsigned lease with the state, contends New Jersey has violated conditions of a memorandum of understanding incorporating the lease, according to state racing officials.
A Kentucky Court of Appeals judge Tuesday afternoon indicated that he will rule soon on whether to issue an injunction that would prevent Kentucky Downs from taking bets on gambling machines, according to an official with the group that filed the request for injunction.
The Kentucky Equine Drug Research Council has issued a recommendation to the Kentucky Horse Racing Commission to ban the use of so-called “adjunct bleeder medications” on race days and restrict the administration of raceday furosemide to commission veterinarians.
Racetracks that received subsidies from slot machines in 2010 generated on average only two-fifths of the betting that non-subsidized tracks generated even though they distributed nearly equivalent levels of average daily purses, according to unofficial statistics assembled by Daily Racing Form.
The Oklahoma Thoroughbred Association, which has represented the state’s breeders since 1958, will turn that duty over to the Thoroughbred Racing Association of Oklahoma, a branch of the National Horsemen’s Benevolent and Protective Association, beginning Monday.
The American Graded Stakes Committee has approved a measure to require that the diuretic furosemide be banned in 2-year-old stakes in 2012 for the races to remain eligible for the grades it assigns, the committee said on Wednesday, upping the ante in a struggle that is pitting many owners and breeders against trainers on the issue of the race day use of drugs.
There is an increasing likelihood that takeout rates on some exotic bets will be lower at California tracks this fall, but executives with the racetracks and the Thoroughbred Owners of California have yet to finalize the details.
England’s Tattersalls sale company has filed suit against California-based Thoroughbred owner Jeffrey DeHaven, alleging he has not yet paid for the 3-year-old filly Singapore Lilly.
The slide in wagering on horse races held at U.S. racetracks decelerated significantly during the month of July, falling only 2.9 percent compared with wagering in July of last year, according to figures released by Equibase on Thursday.
Churchill Downs Inc. continued to pay down its long-term debt during a second quarter in which the company posted record revenues, underlining the company’s strength at a time when the racing industry is facing serious economic pressures.
