Mon, 11/19/2012 - 15:31

New quality control measures for non-listed black-type races

The North American International Catalogue Standards Committee announced on Monday additional quality requirements that will be implemented for races in North America that are eligible for non-listed black-type in catalogs compliant with guidelines required by the Society of International Thoroughbred Auctioneers.

Fri, 11/16/2012 - 14:56

New Jersey to race 77 Thoroughbred dates in 2013

Monmouth Park will run 61 dates next year and also conduct 10 days of all-turf night racing at the Meadowlands under a schedule approved by the New Jersey Racing Commission on Wednesday.

The commission approved a dates request by Monmouth to run the 61 dates at its seaside track from May 11 to Oct. 6. Monmouth also applied for the 10 dates at the Meadowlands running from Oct. 11 to Nov. 2, with racing limited to weekend nights on the Meadowlands turf.

Fri, 11/16/2012 - 13:04

Medication panel recommends limit on clenbuterol use

A widely funded racing group studying medication use has recommended that states adopt regulations that would require the 14-day withdrawal of clenbuterol, the popular bronchial dilator that can be used to build muscle mass when used regularly.

Fri, 11/16/2012 - 10:31

Penn National Gaming plans to split into two companies

Penn National Gaming Inc., the casino and racetrack operator, intends to split into two publicly traded companies to take advantage of a structure giving tax benefits to real-estate holding companies, the company announced on Thursday.

The split would put nearly all of the company’s real-estate holdings in a company known as a real-estate investment trust, which qualifies for tax breaks. The company’s gambling businesses would be run by an operating company that would continue to be known as Penn National Gaming Inc., the company said.

Thu, 11/15/2012 - 15:56

California approves exchange-wagering rules; implementation at least months away

INGLEWOOD, Calif. – The California Horse Racing Board approved rules allowing for exchange wagering in the state on Thursday, but the launch of such wagers is still months away and faces the potential of legal challenges, officials said.

Fri, 11/09/2012 - 14:35

Breeders' Cup handle declines; Superstorm Sandy a factor

Double-digit declines in betting at wagering sites on the East Coast and in the Mid-Atlantic that had been impacted by Superstorm Sandy depressed handle on last weekend’s Breeders’ Cup races, officials said Friday.

Thu, 11/08/2012 - 13:33

Churchill's Luckity.com: Horse racing meets bingo

If you’ve ever wanted to wager on a horse race without knowing you’re betting on a horse race, Churchill Downs Inc. has a new suite of games for you.

On Nov. 2, the company officially launched a website, Luckity.com, that offers players the ability to make bets on games that are modeled after slot machines and lottery scratch-off tickets. But despite those appearances, bets made on the games are commingled into the wagering pools for horse races offered through Churchill’s account-wagering site, twinspires.com, with all payoffs based on the race results.

Wed, 11/07/2012 - 17:10

New York Racing Association board meetings to be open to public, chairman says

David Skorton, the Cornell University president who was recently appointed by Gov. Andrew Cuomo as the new chairman of the New York Racing Association board, said on Wednesday that all meetings of the NYRA board would be open to the public, according to an announcement sent by his college’s press office.

Wed, 11/07/2012 - 10:39

Maryland casinos to add table games; new casino authorized

Maryland voters narrowly passed a referendum on Tuesday authorizing a new casino near Washington D.C. and allowing the state’s casinos to operate table games such as blackjack and roulette, according to state election returns.

Mon, 11/05/2012 - 17:03

Churchill Downs Inc.’s net income down in third quarter compared with 2011

Churchill Downs Inc. had net income of $6 million in the third quarter of 2012, down 70 percent from net earnings of $19.7 million in the same quarter of last year, largely because last year’s quarterly results were boosted by $19.3 million in revenue from a one-time distribution, according to financial statements released late Monday.