The Biz

EquiSpace: It’s a Racing Festivus 2010!

Are you looking for some light holiday fare? Well our friend at EquiSpace has released his second annual Racing Festivus list of 2010 highlights.

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No Preakness in 2011?

John Scheinman delivers a very candid look at the Maryland Racing Commission meeting today for the Thoroughbred Times. And candidly, it was not pretty. “The agreement is unacceptable,” said Alan Foreman, general counsel for the MTHA, regarding the proposal submitted by Maryland Jockey Club owners MI Developments and Penn National. “That means if there is […]

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Still no racing schedule in Maryland

No deal was made after a four hour Maryland Racing Commission meeting failed to find any consensus. Rumors of a deal being brokered between Maryland horsemen and the MI Developments/Penn National owned Maryland Jockey Club were untrue. Despite attempts to come together, the horsemen were unwilling to concede including a shift in purse money to […]

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Takeout Increase Not Just Good for CA Horsemen

California horse owners were supposed to be the only beneficiary of the increase in takeout on exotic bets that takes effect in the Golden State on Jan. 1, 2011, but tracks and horsemen in other states will also be getting a larger chunk of each dollar wagered on multi-race or multi-horse bets on California races. […]

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Saratoga racino revenue on the rise

Despite the economic hardships that have hurt businesses across the board, the Saratoga Gaming and Raceway casino has more than held its own. Already up 2 percent over this time last year, if the numbers hold steady, 2010 will mark the sixth consecutive year of revenue growth since the facility opened in 2004.

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Horses being turned over to shelters in record number

This holiday season, and largely due to a still depressed economy, a record number of horses have been turned over to shelters with their owners claiming they can’t afford to keep them anymore.

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Finley on Takeout Increase: Merry Christmas, horseplayers

Bill Finley, in his special to, is none too pleased with the takeout increase that has become the subject of much concern by horseplayers around the country. “No one is more deserving of a break than the people who bet on horses. They are what make everything in this sport go and they have […]

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First ever graded race at Charles Town adds intrigue to stakes schedule

For the first time in Charles Town racing history, the West Virginia racetrack will boast a graded stakes race in the Grade III Charles Town Classic. They will feature 29 stakes altogether worth a total of $3 million.

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Handle declines over seven-week Hollywood meet

While attendance was up 7.2% due to the appearance of Zenyatta during the Hollywood Park fall meet, the decline in average daily all sources handle was 4.2% including a decrease of 15% decline in off track wagering.

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