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The Biz

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Report: Saratoga Meet a $237 Million Boost To Area Economy

The annual summer meet at Saratoga Race Course generates $237 million in economic activity and nearly 2,600 jobs across the greater Capital Region, according to the findings of a study released today by the Saratoga County Industrial Development Agency (IDA). … Continue reading

California: Decline in Equine Racetrack Fatalities in 2014

Equine fatalities at California’s racetracks declined five percent during the fiscal year which ended June 30, 2014, according to figures that were released recently by the California Horse Racing Board. The Daily Racing Form reports that the number of equine … Continue reading

Betfair U.S. Reports 25 Percent Increase In Quarterly Revenue

Betfair (LSE:BET) today announces its trading update and KPIs for the three month period ended 31 January 2015 (“Q3 FY15”). Comparatives relate to Q3 FY14. Revenue was up 20 percent to £114.6m (Q3 FY14: £95.4m) driven by double-digit growth in Sports, … Continue reading

Report: Pari-Mutuel Legislation Advances In Georgia

Horse racing in Georgia is closer to the winner’s circle after a constitutional amendment to allow voters to decide to permit racing with pari-mutuel wagering was voted out of a Senate committee Wednesday. “We really see this as economic development … Continue reading

Keeneland Hosting Job Fair March 10 For Spring Meet Employment

Keeneland will host a job fair for seasonal employment during its 2015 Spring Meet on Tuesday, March 10, from noon until 7 p.m. ET at the Keeneland Entertainment Center. The Spring Meet will be held April 3-24. Keeneland and Keeneland … Continue reading

Fair Grounds Bumps Overnight Purses 10% For Rest Of Meeting

As a result of an increase in pari-mutuel handle and increased slots and video poker revenue in 2015, Fair Grounds Race Course & Slots has announced a 10% increase in overnight purses for the remainder of the 143rd thoroughbred racing season. … Continue reading

Economic Indicators Show Declines For February

Several categories showed declines during the month of February in the racing economic indicators. As compared with February 2014, four of the categories, including wagering, attendance, and race dates fell. An increase was only shown in the number of starts. … Continue reading

Hialeah Park Closes Out Record-Setting Quarter Horse Meet

Iconic Hialeah Park, known the globe over as “the world’s most beautiful race course,” set a number of wagering records during the sixth season of live Quarter Horse racing, which concluded with a special nine-race program on Tuesday March 3. … Continue reading

Colonial Downs Expected To Reapply For License Months After Surrendering

Months after surrendering its license at a Virginia Racing Commission, Colonial Downs is taking steps to get the license back. The move is the latest in a reconciliation between the track and the horsemen, whose joint bill passed the commonwealth’s … Continue reading

Parx: Jockeys Must Sign Indemnity Waiver To Be Insured

Jockeys at Parx Racing have been informed that if they do not sign an indemnity waiver that acknowledges the risks of riding horses at the facility, they will not be covered by the track’s new insurance policy which goes into … Continue reading