The Biz

Horse Racing Business: Lessons from Blockbuster

Blockbuster’s recent plunge into bankruptcy has Bill Shanklin contemplating comparisons between the DVD business and the racetrack.  Fortunately, he says, there’s a fundamental difference between the business models.

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Maryland: No closer to a resolution

MI Developments Chairman Frank Stronach indicated Saturday that Maryland’s horsemen have verbally agreed to a slate of 140 days of live racing at Pimlico and Laurel next year. But representatives from the Maryland Horsemen’s Association and the Maryland Racing Commission said that’s not the case. As an important meeting looms Tuesday, the uncertainty that clouds […]

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NY racing industry optimistic long-term

The shut down of NYCOTB has dominated the discussion about the health of New York racing lately. But some in the business believe outside of OTB, New York’s future looks bright.  Farm owner Joseph McMahon of Saratoga Thoroughbreds LLC says the anticipated revenue from Aqueduct’s new casino is attracting owners and breeders alike: “Horse people […]

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Kentucky Derby scalping case dismissed

A circuit court judge has thrown out a lawsuit filed by ticket broker Scott Davis that alleged University of Louisville assistant basketball coach Steve Masiello took $70,000 to buy tickets to the 2010 Kentucky Derby and Oaks, then reneged on the deal and kept most of the money. In issuing his ruling earlier this month, […]

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Editorial: Bring racing to Georgia

A Georgia state representative will propose a bill that would allow the state’s voters to decide whether to allow pari-mutel wagering.  An editorial in the Atlanta Journal Constitution suggests horse racing would be a winning superfecta for the state.

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NJ governor, horse owners strike deal over Meadowlands

New Jersey Governor Chris Christie has announced a temporary deal with horsemen that will allow Meadowlands Race Track to continue operating through the spring.  The agreement also buys time for horse owners to work out a deal to convert the harness track from public ownership to private.

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Remington Park sees 48% increase in handle

The new management of Remington Park substantially boosted the number of outside wagering sources for the Oklahoma track.  That helped Remington finish its recent Thoroughbred meet with a 48.3% increase in all-sources handle.

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National racing compact bill prefiled in Kentucky

Republican State Senator Damon Thayer has prefiled a bill that would allow Kentucky to be one of the first states to join a proposed National Racing Compact, which would establish uniform rules across multiple racing states.

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Will live streaming help fill void left by closing of New York OTBs?

How big a mess is the regulatory and legislative environment engulfing New York racing? The tracks are not even permitted to offer live streaming of their races, something that suddenly has become a priority for them and some of the off-track betting corporations following the bankrtupcy and shutdown of the New York City’s OTB Corp. […]

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