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.
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.
Sizzle reel showcasing DRF.com's new Win the Weekend programming plan.
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.
