Racing Business
3.9K views | +5 today
Follow
Racing Business
News on the Business of the Horse Racing Industry
Your new post is loading...
Your new post is loading...
Scooped by RCI-Industry-News
Scoop.it!

Kansas Racing & Gaming Commission Confirms Legal Sports Betting Launch Delayed – Gambling Industry News

Kansas Racing and Gaming Commission confirms that sports betting launch will not be ready in time for NFL season.
No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

Kansas Racing & Gaming Commission moves towards sports betting

The Kansas Racing & Gaming Commission's Todd Allen is "confident that operators will be able to launch this fall in time for NFL betting."
No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

Louisiana Downs Pursuing $2M in Horsemen's Purse Funds

“Recent inspection has been shifted towards Louisiana Downs for unaccounted purse money of around $2 million. The funds in question are to reside in the Horsemen's Purse account, generated from slot machines and pari-mutual wagering each day the Bossier City, La. Casino and Racetrack are open. Live Thoroughbred Racing on the dirt and turf course is held for 84 days throughout the 2022 calendar year.”

No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

Revolutionary Racing gets Quarter Horse racing license in Kentucky

Revolutionary Racing gets Quarter Horse racing license in Kentucky | Racing Business | Scoop.it
The Kentucky Horse Racing Commission on Tuesday unanimously approved a conditional license application for a company that intends to build a Quarter Horse track and casino in the eastern end of the state.
No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

Under federal rules, Lone Star handle plunges $11 million

Under federal rules, Lone Star handle plunges $11 million | Racing Business | Scoop.it
Lone Star Park year-over-year handle drops 87.2% since track cannot export signal.
No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

David Koob Appointed to Minnesota Racing Commission - BloodHorse

David Koob Appointed to Minnesota Racing Commission - BloodHorse | Racing Business | Scoop.it
The Minnesota Racing Commission announced David Koob as the newest member of the commission. Koob was appointed by Gov. Tim Walz and Lt. Gov. Peggy Flanagan effective March 7.
No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

Medina Spirit disqualified from Kentucky Derby; Baffert gets 90 days, will appeal

Medina Spirit disqualified from Kentucky Derby; Baffert gets 90 days, will appeal | Racing Business | Scoop.it
Stewards in Kentucky have suspended the trainer Bob Baffert for 90 days and disqualified Medina Spirit from the colt’s victory in last year’s Kentucky Derby, according to rulings issued on Monday.
No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

New York Approves Four Mobile Sports Wagering Operators To Begin Taking Bets On Saturday

New York Approves Four Mobile Sports Wagering Operators To Begin Taking Bets On Saturday | Racing Business | Scoop.it
The NYS Gaming Commission announced Thursday that four licensed Mobile Sports Wagering Operators – Caesars Sportsbook, DraftKings, FanDuel, and Rush Street Interactive – have satisfied all statutory and regulatory requirements necessary to accept and process mobile sports wagering activity and have been approved to commence operations with launch effective no earlier than Saturday, Jan. 8, […]
No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

NTRA Executive Rooney, HISA Part of RTIP Symposium - BloodHorse

NTRA Executive Rooney, HISA Part of RTIP Symposium - BloodHorse | Racing Business | Scoop.it
Registrations for the University of Arizona Race Track Industry Program's Global Symposium on Racing are surging to their highest level in years just a few days out from its 47th renewal, Dec. 6-8.
No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

Nebraska Set to Charge $1M for Casino Licenses

Nebraska is forging ahead with preliminary regulation for casino licenses. Each license could cost up to $1 million if approved.
No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

Swiss Skydiver Tops Yoshida's Purchases at $4.7 Million - BloodHorse

Last year's Preakness Stakes (G1) heroine Swiss Skydiver was the star of Katsumi Yoshida's purchases at The November Sale, Fasig-Tipton's marquee breeding stock sale in Lexington Nov. 9.
No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

Chicago Bears not pursuing horse racing at Arlington Park - Chicago Tribune

Chicago Bears not pursuing horse racing at Arlington Park - Chicago Tribune | Racing Business | Scoop.it

  1. Bears say they aren’t pursuing horse racing at Arlington Park.

No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

State Gaming Board, Commission Approve Sale Of Louisiana Downs

State Gaming Board, Commission Approve Sale Of Louisiana Downs | Racing Business | Scoop.it
The Louisiana Gaming Control Board has approved the sale of Louisiana Downs in Bossier City from Caesars Entertainment Inc. to Rubicon Acquisition Corp., reports dailyunion.com. The Louisiana Racing Commission also approved the $22 million sale, per the Daily Racing Form. Rubicon plans to add games and concessions to the casino at Louisiana Downs, and under the […]
No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

KTDF Purses Climb for Breeders' Cup Undercard Races

"The Kentucky Horse Racing Commission approved Aug. 16 a request from Keeneland to increase Kentucky Thoroughbred Development Fund purses for eight races supporting the Breeders' Cup at the Lexington track Nov. 4-5."

 
No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

KY Downs to Raise 3 Stakes to $1M if G1 Winner Competes

“The seven-day FanDuel Meet at Kentucky Downs could have up to six races worth $1 million for registered Kentucky-breds with purse incentives added to the $750,000 Kentucky Downs Ladies Turf (G3T), $600,000 Franklin-Simpson Stakes (G2T), and $600,000 Mint Ladies Sprint (G3T).”

No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

KHRC Approves $1M KTDF Funds for Ellis Park Summer Meet

RCI-Industry-News's insight:

“The Kentucky Horse Racing Commission met July 26 in person at the Kentucky Horse Park, passing a motion to ratify the approval of Kentucky Downs’ request to send $1 million from the Kentucky Thoroughbred Development Fund to Ellis Park for the enhanced Summer Meet of 2022. This approved ratification is supported by the advisory committee, the Kentucky Horsemen's Benevolent and Protective Association, and KTA-KTOB, and passed unanimously by all commissioners.”

No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

TIF: Penny Breakage in Kentucky to Begin July 15 - BloodHorse

TIF: Penny Breakage in Kentucky to Begin July 15 - BloodHorse | Racing Business | Scoop.it
Penny breakage in Kentucky will begin July 15, according to a release from the Thoroughbred Idea Foundation, citing confirmation from the Kentucky Horse Racing Commission. 
No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

NYRA Increases Purses for 2022 Saratoga Meet

“The New York Racing Association announced June 24 significant increases of more than $1.6 million to its purse schedule for the 2022 summer meet at Saratoga Race Course, which opens on Thursday, July 14, and continues through Monday, Sept. 5.“

No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

Churchill Downs Inc. secures $2.485 billion buyout of casino, gaming company

Churchill Downs Inc. secures $2.485 billion buyout of casino, gaming company | Racing Business | Scoop.it
Pacific Entertainment (“P2E”) has agreed to sell most of its gaming centers and casinos to CDI for $2.485 billion, CDI announced Tuesday.
No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

FL House Committee approves harness racing Bill - Harnesslink

FL House Committee approves harness racing Bill - Harnesslink | Racing Business | Scoop.it
Scott Powers of Floridapolitics.com reports that harness racing, heading toward what may be its final turn in Florida, would be offered another ride in a bill approved Wednesday by a House committee. Coral Springs Legislator Dan Daley (Ann-Mari Daley photo) Coral Springs Democratic Rep. Dan Daley, whose father and mother raise Standardbred racehorses, has been
No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

Arkansas Takes Big Step Toward Legalizing Online Sports Betting

The Arkansas Racing Commission voted to adopt new rules for casinos, allowing the expansion of sports betting online in the state.
No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

New York Senator Introduces Bill To Allow Fixed-Odds Wagering On Racing

New York Senator Introduces Bill To Allow Fixed-Odds Wagering On Racing | Racing Business | Scoop.it
With the pending launch of mobile sports betting fast approaching in New York, Sen. Joseph Addabbo (D-Queens), chairman of the Senate Committee on Racing, Gaming, and Wagering, has filed a bill that would allow fixed-odds wagering on horse racing, according to casino.org. In 2021, as part of the enacted budget, New York State authorized the […]
No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

Online Sports Betting Could be Coming to Arkansas Early Next Year

Online sports betting will be discussed next week by the Arkansas Racing Commission and could be approved to go live by early 2022.
No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

Legislation Introduced to Ease Tax Burden

Legislation Introduced to Ease Tax Burden | Racing Business | Scoop.it
U.S. Congressman Andy Barr, a Kentucky Republican who represents Lexington, has reintroduced the Equine Tax Fairness Act, which, if passed would make changes to the tax laws favorable to horse owners and breeders, it was announced by his office Wednesday. The bill calls for new regulations that would make the three-year depreciation schedule permanent for
No comment yet.
Scooped by RCI-Industry-News
Scoop.it!

Ellis Projects HHR Facility to Add $6M a Year in Purses - BloodHorse

Ellis Projects HHR Facility to Add $6M a Year in Purses - BloodHorse | Racing Business | Scoop.it
Ellis Park is moving forward with an application for an extension facility in Owensboro, Ky., that will host HHR and simulcasting. The extension is estimated to produce an additional $6 million in purses per year for the Henderson, Ky., track.
No comment yet.