Triple Crown deal a win-win for NBC, series
Restoring all three Triple Crown races to one broadcast network is likely to provide a major boost to NBC as well as racing.
Matt HegartyMar 17, 2011
Restoring all three Triple Crown races to one broadcast network is likely to provide a major boost to NBC as well as racing.
Penn National Gaming Inc. is seeking to unload its 49 percent stake in the Maryland Jockey Club, the owner Pimlico Race Course and Laurel Park in Maryland, according to representatives of Penn National and its partner in the MJC, MI Developments.
Dragged down by a $76.7 million loss from its racing operations, MI Developments, the parent company of Santa Anita Park, Gulfstream Park, and other racing assets, lost $52 million in 2010, according to financial statements released by the company late on Thursday.
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The Kentucky House passed a bill on Friday that will allow the state to join with other states in passing rules affecting the regulation of racing through an interstate compact. The bill will be sent to Gov. Steve Beshear, who has indicated that he supports the legislation.
Boosted by significantly higher purses at Santa Anita Park, purses distributed in February at U.S. racetracks rose 9.39 percent compared to February of 2010 even as wagering on U.S. races continued to decline, according to figures released on Friday by Equibase.
Greg Avioli resigned as president and chief executive officer of the Breeders’ Cup on Friday in order to take a new position managing the racing assets that Frank Stronach is expected to control by the end of March.
Greg Avioli, the president and CEO of Breeders' Cup Limited, resigned on Friday to take a position with a new racing and gaming company, according to a release from Breeders' Cup.
An operator error at a data center in Sacramento, Calif., caused betting to continue at some California simulcast locations for five minutes after the first race at Turf Paradise in Phoenix, Ariz., on Jan. 26, although no bets placed after the start of the race were honored, the California Horse Racing Board said in a statement released on Tuesday.
Gulfstream Park and Calder Race Course averted a potentially disastrous dates conflict at the 11th hour when they amended their dates applications with the Florida Department of Business and Professional Regulation on Monday afternoon.