Tue, 06/12/2007 - 00:00

Churchill expands betting network

LEXINGTON, Ky. - Churchill Downs Inc. has purchased three popular account-wagering platforms and two related racing and bloodstock data businesses in an $80 million transaction that will instantly consolidate the online wagering market.

Fri, 06/08/2007 - 00:00

New York franchise may be split

Officials in the administration of New York Gov. Eliot Spitzer are considering a plan to separate the racing and slot-machine gambling aspects of the franchise held by the New York Racing Association, with NYRA emerging as a strong contender for the racing side of the business, according to an official who met with Spitzer's representatives on Friday.

Wed, 06/06/2007 - 00:00

Slots no bonanza for N.Y. tracks

Revenue from slot machines at most New York racetracks have failed to approach the projections of the companies that operate the casinos, according to the tracks themselves and figures compiled by the administrator of the machines, the New York Lottery. The pattern has led the tracks to begin to seek a larger share of casino revenue from the state.

Mon, 06/04/2007 - 00:00

Sale details unknown

LEXINGTON, Ky. - Darley's private deal to acquire the breeding rights for Kentucky Derby winner Street Sense and runner-up Hard Spun has prompted a great deal of speculation in central Kentucky as to price and terms. But verifiable facts on either subject are thin on the ground, thanks to a confidentiality clause in the contract Darley and the horses' owners, Jim Tafel and Rick Porter, have signed for Street Sense and Hard Spun, respectively.

Mon, 06/04/2007 - 00:00

CloverLeaf Farms II closing

John and Susan Sykes are relocating their bloodstock to Kentucky and will close their CloverLeaf Farms II in Reddick, Fla.

CloverLeaf manager Brent Fernung confirmed the closure Monday.

"He's bought a farm in Kentucky," Fernung said. "He's consolidating the two operations and closing down CloverLeaf II."

Fri, 06/01/2007 - 00:00

As deadline nears, Spitzer mum on franchise

State legislators who intend to play a role in determining the future of racing at Aqueduct, Belmont and Saratoga following the year-end expiration of the New York Racing Association's franchise say they have yet to receive any recommendations from Gov. Eliot Spitzer.

Wed, 05/30/2007 - 00:00

30 racetracks to compile data on racehorse injuries

LEXINGTON, Ky. - Thirty racetracks in the United States have agreed to report ontrack racehorse injuries using a standardized form developed by a Florida veterinarian beginning Friday, officials involved in the effort said Wednesday.

Fri, 05/25/2007 - 00:00

Fall dates preferred by Bay Meadows for 2008

ALBANY, Calif. - F. Jack Liebau, president of Bay Meadows, said Friday that the racetrack would seek early fall dates in 2008 as part of a Northern California racing schedule that would provide flexibility for Bay Meadows to conduct racing next year before it ultimately closes for development.

Thu, 05/24/2007 - 00:00

U.S. backs off gambling pact

The United States has informed the World Trade Organization that it has withdrawn a previous commitment to open the U.S. to international gambling markets, a move that has the potential to resolve a dispute that threatened horse racing's exemption to a ban on Internet gambling.

Thu, 05/24/2007 - 00:00

Capital OTB loses rebate approval

The New York State Racing and Wagering Board on Thursday declined to give approval for Capital District Off-Track Betting Corp. to offer rebates to its customers, citing evidence of multiple people betting through the same account and other breakdowns in the program.

Capital began the program last year under provisional approval from the racing board. The program allows customers to receive rebates on handle when a customer's monthly wagering totals hit certain thresholds.