The New York Racing Association, the nonprofit quasi-state agency that operates Aqueduct, Belmont, and Saratoga under a lease agreement with the state, had net income in 2012 of $25.6 million, according to audited financial statements the association posted on its website.

Penn National Gaming Inc., the national gambling company, has submitted a proposal to Maryland regulators seeking a casino license at its Rosecroft Raceway just southeast of Washington, D.C.

Former trainer and breeder N.J. “Skip” Retherford died Friday in his daughter's Castro Valley, Calif., home after a three-year battle with cancer. He was 82.

Retherford began his career in racing as an assistant to Hall of Fame trainer Charlie Whittingham. He took out his trainer's license in 1968, moving his operation to Northern California in the mid-1970s. He retired as a trainer in 1993.

Itsmyluckyday trained well coming into the Kentucky Derby, and, according to his trainer and co-owner, Eddie Plesa Jr., he’s been just as good coming out. It’s what happened in between, though, that mattered most, and, unfortunately for those connected to him, Itsmyluckyday did not run to his potential at Churchill Downs, finishing 15th.

In a money-laundering case that has rocked Quarter Horse racing circles since last year, a federal jury Thursday convicted four men of using drug-trafficking funds from the Los Zetas cartel in Mexico to “purchase, train, breed and race American Quarter Horses in the United States.” The trial was held in Austin, Texas.

Satish Sanan, the outspoken owner of Padua Stables, resigned his seat on the Breeders’ Cup board of directors Thursday, saying the organization had become too sensitive to public discussion of the board’s deliberations and had lost its way strategically.

Sanan, who was appointed to the board a decade ago, said Friday that he had seen the organization make little progress over the past 10 years on long-term strategic goals he supported. He added that he had recently been criticized by other board members because of his openness in discussing Breeders’ Cup policies.

ELMONT, N.Y. – New York state regulators have notified trainer Rudy Rodriguez that he has had a fourth horse of his test positive for the drug flunixin, Rodriguez said Friday.

Belle of the West, a 3-year-old filly who finished fourth in the first race at Aqueduct on April 21, was found to have flunixin, a nonsteroidal anti-inflammatory also known as Banamine, in her system at a level higher than allowed by rule.

The steward for the New York State Gaming Commission said the matter is still under investigation and that no ruling or penalty has been handed down.

A casino at Aqueduct racetrack that provides tens of millions of dollars annually in subsidies each year to the racing industry would be protected from local competition for the next five years under a proposal announced by New York Gov. Andrew Cuomo.

Falling Sky, who finished last in the Kentucky Derby, had surgery to remove a chip out of his left front ankle, trainer John Terranova said Wednesday.

Terranova said that “everything went beautiful” and Falling Sky could resume training in 60 days.

“We’ll probably see him back in the fall,” Terranova said.

Terranova also said that Swift Warrior, who scratched out of the Woodford Reserve, would most likely run back in the Dixie Stakes at Pimlico.

Terranova said Swift Warrior had tied up which led to his being scratched.

The race portion of the Kentucky Derby broadcast on NBC on Saturday drew a final rating of 9.7 with a 21 share, up 8 percent from the rating last year and translating to approximately 16.2 million viewers, NBC said on Tuesday.

The rating was tied for the co-second-highest figure since 1992, when the Derby was broadcast on ABC, NBC said. The 2010 broadcast had a higher rating than this year’s edition, which tied with the rating in 2009.