“Horse racing: Plugging Belmont” plus 3 more |
- Horse racing: Plugging Belmont
- Bill best bet to save horse racing? Local breeder says legislation needed to save Illinois industry
- Horse racing-Bill would loan NY track operator $25 million
- New bill saves horse racing season
| Horse racing: Plugging Belmont Posted: 24 May 2010 08:18 PM PDT When Kentucky Derby winner Super Saver failed to win the Preakness, thus eliminating the chance of a Triple Crown being won this year, a collective groan went up from the racing community. Five Filters featured article: The Art of Looking Prime Ministerial - The 2010 UK General Election. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Bill best bet to save horse racing? Local breeder says legislation needed to save Illinois industry Posted: 24 May 2010 10:20 AM PDT By SAM SMITH
ssmith@svnmail.com
800-798-4085, ext. 525 WEST BROOKLYN – Bob chomps his bit and stomps the sand. A cloud of chalky dust drifts toward the practice track. This racehorse wants to run – same as he does most days here at Rivendell Standards horse farm. But unless the state passes legislation this week that would allow slot machines at horse tracks, breeder and Rivendell owner Bernie Paul says the racing days for Bob and most other horses in Illinois could be cut short at the end of this season. "At one time, horse racing was a really good business, ... but it doesn't make sense from an economic standpoint to keep running horses anymore," Paul said. "I'll have to sell everything." Slot machines are needed to bring back patrons who have abandoned racetracks to gamble at casinos, Paul said. The state's racehorse industry "is on life support" and needs slot machines at tracks "to save thousands of jobs," according to the Illinois Harness Horseman's Association. The group is lobbying hard for the state Senate to approve the bill this week during its special budget session. Senate leadership, however, hasn't brought the bill for a vote. Paul and many in the horse industry assert that riverboat casinos have a stranglehold on the state Senate, and have persuaded Senate President John Cullerton, D-Chicago, to let the bill die amid budget negotiations. "We're just asking for an up or down vote. ... Let the will of the people be heard," Paul said. Paul and a spokesman for the Horseman's Association both said they think the Senate would pass the bill. "To ignore the common good of Illinois in favor of a few special interests where the money is going to out-of-state casino operators, ... it's unconscionable," Paul said. Cullerton did not respond to several e-mails and telephone messages left at a variety of locations over the weekend to comment on this story. Tom Green, who manages Blackhawk Music, a coin-operated entertainment company in Sterling, said riverboat casinos will lobby relentlessly against the measure. Riverboats "look at us as a training ground for their customers, but horse tracks, they look at them as competition," Green said. Horse tracks in Illinois – and the horse industry that depends on their earnings – have seen wagers nosedive in recent years, with handles slashed by half in just the past 6 months. One of Paul's horses, for instance, placed fifth in a Friday race. His cut: $145, or 5 percent of a $2,900 purse. The winner of that race took home $1,450. "If you race and lose and come back empty-handed, that's one thing – It's part of the deal. But when you run a good race and place and you get a check that you can't even pay for the gas to get there, that's what's really frustrating," Paul said. The so-called "racinos" could generate between $100 million and $300 million for capital projects in Illinois, and would make up the difference for revenue that never came in when Chicago opted out of allowing video gaming in bars, according to the Horseman's Association. The bill also would put 3 percent of slot earnings back in horse breeders' pockets. Paul said he'll be out of business in a year or two unless the legislation passes. The concept is nothing new, according to horse lobbying group savethecapitalbill.com, which says Illinois and New Jersey are the only two states with both riverboat casinos and horse tracks that have yet to allow slots at tracks. Iowa, Indiana, Wisconsin and Minnesota all have some form of racino, and the interstate competition has squeezed Illinois tracks and breeders too hard, Paul said. "This bill will be able to allow us to raise purses to compete with other states that have slots at the racetracks," Paul said. Comments Add CommentsClick here to read the rules for posting commentsWe have changed our registration and comment module, so all registered users will need to register again in order to post comments. We apologize for the inconvenience. Five Filters featured article: The Art of Looking Prime Ministerial - The 2010 UK General Election. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Horse racing-Bill would loan NY track operator $25 million Posted: 24 May 2010 01:21 PM PDT The cash-strapped operator of New York's major thoroughbred racing tracks would receive a $25 million state loan to continue operations, according to a bill sent to the New York state legislature on Monday. New York Racing Association (NYRA), operator of Belmont, Saratoga and Aqueduct race tracks, last week sent notices to more than 1,400 employees saying layoffs could be expected as early as June 9 if state funding was not obtained. But the proposed bill, drafted by New York Governor David Paterson's staff, would keep the tracks in business. The proposal comes as Belmont Park prepares for the June 5 Belmont Stakes, the third leg of the Triple Crown. NYRA would repay the working capital loan from revenues it has been scheduled to receive from video lottery terminals at Aqueduct Race Track. The loan must be repaid by March 31, or 30 days after a vendor had been selected for Aqueduct video lottery terminals. U.S. Rep. Scott Murphy, whose district includes the Saratoga track, told Reuters last week NYRA faces a $20 million shortfall because the state has not fulfilled its financial obligations to the operator. The state had promised NYRA operating money from April 2009 if video lottery terminals were not in operation at Aqueduct by that date. That has left NYRA short about $35 million in anticipated revenue, Murphy said. (Writing by Gene Cherry in Raleigh, North Carolina. Editing by Frank Pingue; To query or comment on this story email sportsfeedback@thomsonreuters.com) Five Filters featured article: The Art of Looking Prime Ministerial - The 2010 UK General Election. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| New bill saves horse racing season Posted: 24 May 2010 02:32 PM PDT
Posted at: 05/24/2010 5:13 PM ALBANY - Governor Paterson introduced a new bill today to help save the racing seasons at Belmont, Saratoga and Aqueduct. The bill provides NYRA with a $25 million Capital loan. In exchange, NYRA would have to pay the state back by March 31st, 2011 or thirty days after a deal is struck with a vendor to operate VLT's at Aqueduct. Without the money, racing would not continue. Five Filters featured article: The Art of Looking Prime Ministerial - The 2010 UK General Election. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
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