Colorado jockeys get a raise
The Jockeys’ Guild and the Colorado Horse Racing Association have reached an agreement that will raise losing mount fees at Colorado racetracks to a range of $50 to $110.
Matt HegartyApr 18, 2011
The Jockeys’ Guild and the Colorado Horse Racing Association have reached an agreement that will raise losing mount fees at Colorado racetracks to a range of $50 to $110.
A recent call to eliminate race-day medications in the U.S. within the next five years will not be supported by horsemen “as it is currently written,” the National Horsemen’s Benevolent and Protective Association said in a statement released Monday.
Breeders’ Cup Ltd. had total revenue of $50.1 million in 2010, a sharp increase over revenue of $43.6 million in 2009, largely on higher fees from its year-end event.
The Jockey Club would support an initiative proposed by the Association of Racing Commissioners International to eliminate the use of raceday medications within the next five years, according to a statement released on Monday quoting the organization’s chairman, Ogden Mills “Dinny” Phipps.
Wagering on U.S. horse races continued to plunge in March of this year when compared with the same month last year, dropping nearly 10 percent, or $100 million, even as purses rose significantly because of takeout increases in California and new casino subsidies in Florida.
An Ontario court ruled on Friday that a plan approved by shareholders of MI Developments earlier this week to cede the company’s racing assets to its chairman was "fair and reasonable," according to the company.
A 2.75 percent tax on purse winnings at New York tracks has been removed from the state’s budget negotiations, according to a representative of New York’s horsemen and another state official.
A bill that would allow the owner of Laurel Park and Pimlico Race Course to use slot-machine subsidies for the tracks’ operating expenses passed in the Maryland House of Delegates on Monday and was sent to the Senate.
Shareholders of MI Developments on Tuesday overwhelmingly approved a plan that will allow its chairman and chief executive, Frank Stronach, to swap his supervoting shares for all of the company’s racing and gambling assets, including Santa Anita Park and Gulfstream Park.
The California Horse Racing Board is reviewing its licensing requirements for account-wagering companies that operate in the state after XpressBet notified several of its customers that their accounts could be terminated because of winning show wagers that resulted in financial liability to the company.