Ray’s Paddock

EMINENT DOMAIN FOR HIALEAH PARK?

By Ray Paulick While the racing industry has been a clear loser in the demise of South Florida’s Hialeah Park, the city of Hialeah may have been dealt the greatest setback after the dormant track held its last race on May 22, 2001. It turns out, however, that city officials may be in part […]

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NTRA: DROP IN HANDLE ACCELERATES IN THIRD QUARTER

The following press release from the National Thoroughbred Racing Association is not good news, though not entirely unexpected. Handle in the third quarter (July-September) fell by almost 10%. The decline is not surprising, but it virtually confirms something I wrote the other  day saying that U.S. handle for 2008 will be at its lowest […]

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A MATTER OF PRINCIPLE

The following opinion piece on the Breeders’ Cup and the suggestion fans consider skipping the Friday “Ladies Day” program and that Jess Jackson run Curlin in the Breeders’ Cup Turf was submitted to the Paulick Report by a longtime California racing fan and an omnipresent online contributor who goes by the pseudonym  Indulto. His guest editorials […]

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DUTROW: OVERTURNED!

By Ray Paulick The 15-day suspension against Kentucky Derby-winning trainer Rick Dutrow for an alleged Clenbuterol positive in Salute the Count, a horse that ran at Churchill Downs on May 2, should be overturned by the Kentucky Horse Racing Commission, hearing officer James Robke has ruled. Clenbuterol has a permissible threshold level […]

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ABERCROMBIE’S STRONG PITCH TO END SLAUGHTER

 By Ray Paulick The Judiciary Committee of the U.S. House of Representatives on Tuesday passed a bill criminalizing the transportation of horses for the purpose of slaughtering them for human consumption. The action, by voice vote, came less than 24 hours after Josephine Abercrombie, a prominent Kentucky Thoroughbred owner and breeder, sent  a letter (co-signed […]

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RESULTS FROM BIG BREEDERS’ CUP PREP RACES

By Ray Paulick Curlin passed Cigar to become North America’s all-time earnings leader and first $10-million horse with his second consecutive victory in the $750,000 Jockey Club Gold Cup on a sloppy Belmont Park track on Saturday afternoon. Ridden by Robby Albarado, Curlin raced in midpack early as Wanderin Boy set the pace under Alan Garcia — […]

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MONDAY MORNING QUARTERBACK: HIALEAH BACK TO HIBERNATION

By Ray Paulick Well, it was fun while it lasted, this dream of someday returning to Hialeah Park to enjoy horse racing in its most beautiful setting. Since making my first trip there in 1988, when the South Florida track already was in severe decline, I’ve held out hope that someone, somehow could restore it […]

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UNDERFUNDED IN KENTUCKY

By Ray Paulick The horse business is Kentucky’s signature industry, employing tens of thousands of people, generating over a billion dollars of revenue throughout the year, and putting the international spotlight on the Commonwealth each spring at the Kentucky Derby. Yet, in many ways, legislators and other government officials have been dealing with the industry […]

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MAGNA’S STOCK DIVES

By Ray Paulick Shares in Magna Entertainment (MECA), the debt-ridden racetrack operating company controlled by Frank Stronach, plunged by 56% in Tuesday’s trading on the NASDAQ exchange. Closing at $1.75 per share (down from $4.00) under extremely heavy trading (more than 30 times higher than the daily average), MECA was NASDAQ’s biggest percentage loser […]

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MINOR FILES CLASS-ACTION SUIT AGAINST SOTHEBY’S

By Ray PaulickHalsey Minor, the technology entrepreneur and Thoroughbred owner and breeder whose bid to purchase Hialeah Park was recently rebuffed by owner John Brunetti, has filed a class-action lawsuit against the auction company Sotheby’s for transparency and disclosure issues that may parallel those in the Thoroughbred auction business. Minor, 43, was sued by the […]

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