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Scarborough Downs selling land
(MAINE) -- Scarborough Downs, which recently announced intentions to relocate to Biddeford, is selling 400 acres of its Scarborough property for $12.2 million.
Horse racing fans face extinction
(BRITISH COLUMBIA) -- An iPhone betting application that lets betters play the ponies and “newbie nights” for beginners are two ways the horse racing industry can chase down a younger demographic, callers to a radio talk show suggested last Friday.
NYC Off-Track Betting goes to tougher plan 'B'
(NEW YORK) -- New York City Off-Track Betting Corp. CEO Greg Rayburn says failure to negotiate a deal with the agency’s unions to take advantage of a state early retirement incentive means OTB has to turn to another way to remain solvent.
Calif. OKs Exchange Wagering, Takeout Hike
(CALIFORNIA) -- California legislation that would redirect perhaps as much as $70 million from winning bets to Thoroughbred purses and make the state the first in the nation to approve head-to-head wagering on horse races gained approval on the final day of the regular legislative session Aug. 31.
Scarborough Downs wants to sell about 400 acres
(MAINE) -- Scarborough Downs wants to sell almost all of its land in town other than the racetrack, with an asking price of nearly $12.2 million for more than 400 acres of prime commercial property.
Polk County approves site work at Prairie Meadows
(IOWA) -- A $2.1 million parking lot and demolition project needed to pave the way for construction of a hotel at Prairie Meadows Racetrack and Casino in Altoona won unanimous approval Tuesday from the Polk County Board of Supervisors.
Illinois adjusts account wagering cap
(ILLINOIS) -- Responding to a 47% drop in betting from each of the account wagering providers that do business in Illinois since regulators imposed a 5% cap on out-of-state wagering fees effective July 12, the Illinois Racing Board on Tuesday voted 7-1 to raise the cap to 9%.
Leaner Twin River Reborn Thanks To State Bailout
(RHODE ISLAND) -- Rhode Island’s bankrupt Twin River racino is poised for a rebound with a rich slate of multimillion-dollar state subsidies and concessions and the collapse of a gambling bill in neighboring Massachusetts.
California Set to Approve Exchange Wagering For 2012
(CALIFORNIA) -- California is poised to become the first state to legalize exchange betting on horse races but gamblers would have to wait until at least May 2012 before making exchange wagers, according to revised legislation.
Compromise Reached on California Bill
(CALIFORNIA) -- A compromise has apparently been reached that would forestall the implementation of exchange betting until at least 2012, according to the Pasadena Star-News.
Plan would put NYRA, harness tracks in charge of New York City OTB
(NEW YORK) -- The New York Racing Association and the state’s harness tracks would take over New York City Off-Track Betting Corp.’s phone and Internet account wagering system under a reorganization plan outlined on Friday by New York City OTB President Greg Rayburn.
With New Casino, Funds for Tracks
(NEW YORK) -- New York City’s first casino may open as soon as next year, and the timing could not be better: it is expected to generate as much as $1.5 million a day for the severely depleted state treasury, as well as an upfront payment to Albany of $380 million.
A racing resurgence at Tioga Downs
(NEW YORK) -- The slots parlor was thriving at Tioga Downs Sunday, with the money making its inexorable flow from the gamblers' pockets into the track's bank account, but Tioga Vice President Jason Settlemoir never seemed to notice.
Harness racing industry needs gambling revenue
(MAINE) -- In response to the KJ’s Aug. 22 Our Opinion piece about revenue from Hollywood Slots, it is absolutely correct for the Legislature to review how income from slot machines is dispersed.
Group revisits Balzac racetrack proposal
(ALBERTA) -- Hope has resurfaced for stalled horse racing track near Balzac — as part of a casino/hotel package. Early last week, the United Horseman of Alberta came out from under creditor protection after piling up $95 million worth of debt and being forced to sell its site north of the city to CrossIron Mills developer Ivanhoe Cambridge.
Preakness bonus program a piece
(MARYLAND) -- For a Maryland horse racing industry largely bereft of recent good news, Preakness 5.5 is something to gloat about. On Friday, racing poo-bah Frank Stronach and his MI Developments Inc. real estate empire announced it will pony-up $5.5 million in potential bonuses for the connections of next year's Preakness Stakes winner if the horse has met certain requirements by winning preliminary races at MID-owned racetracks.
Y’Downs gets off to roaring start
(MONTANA) -- Horses have been coming to race at MetraPark’s Yellowstone Downs for many years. Horseplayer Dixie Arnold has been right there with them.
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