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Christie signs horseracing subsidy legislation but still holds veto power

New Jersey Gov. Chris Christie signed legislation on Tuesday that could direct $30 million from Atlantic City casinos to horseracing purses, but it remains unclear if the money will ultimately find its way to the state’s racetracks. The bill would send $15 million to the New Jersey Racing Commission this year to be distributed to racetracks for purse subsidies, along with $10 million in 2012 and $5 million in 2013.

Matt HegartyFeb 02, 2011

MID shareholders agree to transfer racetracks to Stronach

Groups representing the majority shareholders in MI Developments have agreed to vote in favor of a proposal that would transfer all of the company’s gambling assets to the controlling shareholder, Frank Stronach.

Matt HegartyFeb 01, 2011

Penn National Gaming buys Rosecroft at bankruptcy auction

Penn National Gaming Inc., the casino company that has been on a buying spree as of late, won an auction on Friday to purchase Rosecroft Raceway, a harness track in Maryland, with a bid of $10.25 million.

Matt HegartyJan 28, 2011

Thistledown general manager leaving post

Brent Reitz has announced his resignation as general manager of Thistledown in North Randall, Ohio, and plans to assume the duties as the vice president of operations at Northfield Park, a harness track located approximately six miles from Thistledown.

Tim ScaravilliJan 28, 2011

Old Forester, Bold Executive issued $50,000 Ontario stallion awards

The owners of Old Forester and Bold Executive both have collected $50,000 for the 2010 accomplishments of their Ontario-based stallions.

Bill TallonJan 27, 2011

Uncle Mo, Awesome Feather top Experimental Free Handicap

The Jockey Club announced Thursday morning that Uncle Mo has been assigned 128 pounds atop the Experimental Free Handicap for colts and geldings of 2010, marking the highest impost in 13 years, while Awesome Feather has been named the 123-pound highweight in the filly division.

Marty McGeeJan 27, 2011

Judge dismisses New York City Off-Track Betting bankruptcy case

A U.S. Bankruptcy Court judge has approved a request by the New York City Off-Track Betting Corporation to have its bankruptcy case dismissed, a decision that will effectively shutter the company for good.

Matt HegartyJan 25, 2011

Sovereign Awards finalists announced

Biofuel, undefeated in four starts at Woodbine Racetrack this year, heads the list of 2010 Sovereign Award finalists announced by the Jockey Club of Canada late Wednesday afternoon.

Bill TallonJan 20, 2011

Bank files suit against Gulf Coast Farms for default of $15 million in loans

Fifth Third Bank has filed suit against prominent breeder Gulf Coast Farms, its principals Jerry Bailey and Lance Robinson, and others, alleging loan defaults totaling about $15 million.

Glenye Cain OakfordJan 19, 2011

Jockey Club round table scheduled for Aug. 14

The Jockey Club’s Round Table Conference on Matters Pertaining to Racing has been scheduled for Aug. 14 this year at the Gideon Putnam Resort in Saratoga Springs, N.Y., the Jockey Club announced Tuesday. The Round Table typically features a wrap-up of the Jockey Club’s activities over the past year and presentations on topics considered important to horse racing.

DRF StaffJan 18, 2011

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