Four executives with widely different experiences in racing will address declining numbers in the racing industry at Sunday's Jockey Club Round Table Conference in Sarartoga Springs. N.Y.
Keeneland Association, the Lexington, Ky., racing and sales company, has offered buyouts to an unspecified number of its full-time employees.
MI Developments, the real-estate operating company that took over the assets of bankrupt Magna Entertainment Corp. earlier this year, lost $6.2 million on its racing and gambling operations in the second quarter of 2010, according to the company’s financial statements.
SARATOGA SPRINGS, N.Y. – New York legislators will not approve a company selected by the state lottery to operate a casino at Aqueduct racetrack until they have had an opportunity to question the company on its proposal, including its plans for minority- and women-owned contractors, a representative of Sen. Malcolm Smith, the Senate president pro tem, said on Friday.
Handle on U.S. Thoroughbred races declined by 2 percent in July compared with wagering in July of last year, according to figures released by Equibase on Thursday, a significant improvement from steep month-to-month declines during the past year.
Churchill Downs Inc. had net income in the second quarter this year of $27.6 million, down 10.7 percent compared to net income of $30.9 million in the second quarter of last year, according to financial statements released late on Wednesday.
A bill that would legalize Internet gambling passed out of the House Financial Services Committee on Wednesday by a 41-22 vote.
DEL MAR, Calif. – Magna International Developments, the parent company of Santa Anita, and the Oak Tree Racing Association signed a lease agreement for Oak Tree’s fall meeting at Santa Anita on Friday, officials with both sides said.
New Jersey’s state- and casino-supported racing industry should no longer receive financial assistance, and the Meadowlands racetrack should be closed or sold for a nominal fee, according to a report released Wednesday that was prepared by a panel studying New Jersey’s racing and casino industries.
The Ohio Lottery Commission voted on Monday to ask the state's judiciary to issue a legal opinion about whether the commission could proceed with a plan to allow slot machines at the state's seven racetracks.
