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.
Television Games Network has fired approximately 20 workers, including several of its on-air commentators, as part of an effort to reduce costs, the company’s chief executive confirmed on Thursday.
Churchill Downs Inc. announced Monday that Carl F. Pollard, the longtime chairman of the board, will retire June 16 in a move that has led to other impending changes in the hierarchy of the company.
Twinspires.com, the account-wagering operation owned by Churchill Downs Inc., retained its ability to take wagers from California residents after notifying state regulators on Friday that it had reached an agreement with California racetracks to carry their signals, officials for the company and the California Horse Racing Board said.
