Despite fewer racing dates during the first quarter of 2006 compared with the same period last year, pari-mutuel handle on races in the United States and Canada increased 3.73% to $3,590,607,272, according to the Thoroughbred Racing Economic Indicators released on Friday by the National Thoroughbred Racing Association and Equibase Co.
The overall increase in the handle figures coincided with a 1.33% increase in aggregate purses to $199,641,227 compared with $197,021,571 in the first quarter of 2005. The number of race days dropped 1.79% to 1,154 from 1,175.
"The first-quarter handle and purses statistics are very solid, especially in light of the quarter's drop in racing dates," NTRA Commissioner D.G. Van Clief Jr. said. "It was also a quarter that saw an unraced two-year-old sell at auction for a record $16-million, so there are a number of reasons to feel encouraged as we head into the spring and summer months."
16 April 2006
Show Pool Payoff Sets Record at Santa Anita: Bridgejumper Alert
'When Der Ali won Saturday's first race at Santa Anita, his $2 show payoff of $139.20 shattered a record that had stood for 68 years.
Playmay paid the former record of $104.60 on Feb. 4, 1938.
The show payoff on Der Ali, a 28-1 shot, was inflated when 1-5 favorite Denied finished fourth in the field of six after attracting 94.7% of the money wagered to show. The total show pool of $176,163 included $166,832 placed on the odds-on favorite.
Denied came into the 1 1/8-mile starter allowance event in search of his fourth straight victory, but dropped back around the far turn after closely pursuing pacesetter Der Ali and another horse. He was virtually eased in the final furlong, but still finished fourth and walked off the track under his own power. The 8-year-old gelding previously had finished worse than third only once in 18 races while winning nine.'
The winner paid 59.40 to win, 139.20 to show. The place horse paid 42.20 to show, and the third place horse paid 60.20 to show. Denied finished fourth over 15 lengths behind the third place finisher, at 20 cents to the dollar.
Today Santa Anita has a Pick Six Carryover of over $1 million. Too bad Canada doesn't have a common pool with California yet, or they might attract more bettors. The lawmakers sure are taking their time getting California and Florida common pooled, too bad, they might be able to introduce some online poker players if they sped things up.
Playmay paid the former record of $104.60 on Feb. 4, 1938.
The show payoff on Der Ali, a 28-1 shot, was inflated when 1-5 favorite Denied finished fourth in the field of six after attracting 94.7% of the money wagered to show. The total show pool of $176,163 included $166,832 placed on the odds-on favorite.
Denied came into the 1 1/8-mile starter allowance event in search of his fourth straight victory, but dropped back around the far turn after closely pursuing pacesetter Der Ali and another horse. He was virtually eased in the final furlong, but still finished fourth and walked off the track under his own power. The 8-year-old gelding previously had finished worse than third only once in 18 races while winning nine.'
The winner paid 59.40 to win, 139.20 to show. The place horse paid 42.20 to show, and the third place horse paid 60.20 to show. Denied finished fourth over 15 lengths behind the third place finisher, at 20 cents to the dollar.
Today Santa Anita has a Pick Six Carryover of over $1 million. Too bad Canada doesn't have a common pool with California yet, or they might attract more bettors. The lawmakers sure are taking their time getting California and Florida common pooled, too bad, they might be able to introduce some online poker players if they sped things up.
13 April 2006
Lawsuits Filed to Stop Buffalo Casino
County Executive Joel A. Giambra announced that the county will join lawsuits seeking to block the casino.
Buffalo Sabres owner Tom Golisano announced that he is against the Buffalo casino. Mayor Byron Brown is also reevaluating his decision.
More opinions:
Tom Golisano's Opposition
Negative discoveries in the 10-k
Giambra's Reasons for Joining Lawsuit
Senecas want Buffalo location to prevent others from opening up in Buffalo?
Buffalo Sabres owner Tom Golisano announced that he is against the Buffalo casino. Mayor Byron Brown is also reevaluating his decision.
More opinions:
Tom Golisano's Opposition
Negative discoveries in the 10-k
Giambra's Reasons for Joining Lawsuit
Senecas want Buffalo location to prevent others from opening up in Buffalo?
April 13th News
Meadowlands Suspensions and Fines for Alleged Blood Doping...more
NTRA announces new handicapping contest....more
PEI casino on hold....Wagering up in Charlottetown.
New Product Allows Casino Gamblers Access To Cash Quicker
Investor Warning Regarding Magna Entertainment
'A U.S. firm that advises institutional investors is recommending Magna Entertainment Corp. shareholders withhold their support for incumbent directors including chairman Frank Stronach because of the company's dismal performance.
Virginia-based Proxy Governance Inc. called for the move yesterday to "signal concern" about MEC's board, saying it should be held accountable for continuing losses and a lack of change in management and strategic direction....'
NTRA announces new handicapping contest....more
PEI casino on hold....Wagering up in Charlottetown.
New Product Allows Casino Gamblers Access To Cash Quicker
Investor Warning Regarding Magna Entertainment
'A U.S. firm that advises institutional investors is recommending Magna Entertainment Corp. shareholders withhold their support for incumbent directors including chairman Frank Stronach because of the company's dismal performance.
Virginia-based Proxy Governance Inc. called for the move yesterday to "signal concern" about MEC's board, saying it should be held accountable for continuing losses and a lack of change in management and strategic direction....'
12 April 2006
Buffalo Casino Expects Mostly Local Players
The Seneca Gaming Corp. confirms in documents filed with the Securities and Exchange Commission that its emerging Buffalo casino will cater primarily to Buffalo and its suburbs, raising worries that it will drain assets already here without pulling significant outside dollars into the local economy.
"We believe that Seneca Buffalo Creek Casino will provide tangible economic benefits to the community, most notably in the share of slot revenues," responded Seneca Gaming spokesman Phil Pantano. "It is a $125 million investment in an area that hasn't seen that kind of investment in some time, if ever."
Meanwhile, he said the casino could retake some of the $60 million to $80 million a year that leaves the Buffalo area to be wagered at the Fort Erie race track.
"We believe that Seneca Buffalo Creek Casino will provide tangible economic benefits to the community, most notably in the share of slot revenues," responded Seneca Gaming spokesman Phil Pantano. "It is a $125 million investment in an area that hasn't seen that kind of investment in some time, if ever."
Meanwhile, he said the casino could retake some of the $60 million to $80 million a year that leaves the Buffalo area to be wagered at the Fort Erie race track.
Casinos Generate Close to $1B in New Jersey
"These findings show the gaming industry has been a significant contributor to the New Jersey economy, and will continue to be so, assuming current levels of taxation and regulation," Weinert said.
The Casino Association of New Jersey comprises representatives from nine Atlantic City casinos: The Hilton Casino Resort, The Borgata, Bally's, Caesars, Harrah's, Resorts, Sands Casino Hotel, Showboat and Tropicana. Trump Entertainment's three casinos are not part of the group.
The Casino Association of New Jersey comprises representatives from nine Atlantic City casinos: The Hilton Casino Resort, The Borgata, Bally's, Caesars, Harrah's, Resorts, Sands Casino Hotel, Showboat and Tropicana. Trump Entertainment's three casinos are not part of the group.
Magna needs to focus on core product
"It's time for Magna and Gulfstream executives to refocus their energies on the core business of selling pari-mutuel tickets on horse racing. Based on their seven-year track record, they have not been very successful"....MORE
11 April 2006
9 April 2006
HEADLINES FOR APRIL 9TH
Churchill, Magna to Provide Races to UK
Innovative Promotion: Bet the Horses and possibly win a Lottery
Italian Stallion kidnapped
MGM Grand Detroit unveils $765 million casino plan
Hollywood Themed Casino Planned for Penn National.
Now for some predictions for Woodbine today:
Azdeck looks good in the 2nd race today.
Look out for longshot possibility Redclouds at Night in the 7th.
In the 9th, the exactor of Well Timed and Forest Light might be worth taking a shot on.
Innovative Promotion: Bet the Horses and possibly win a Lottery
Italian Stallion kidnapped
MGM Grand Detroit unveils $765 million casino plan
Hollywood Themed Casino Planned for Penn National.
Now for some predictions for Woodbine today:
Azdeck looks good in the 2nd race today.
Look out for longshot possibility Redclouds at Night in the 7th.
In the 9th, the exactor of Well Timed and Forest Light might be worth taking a shot on.
7 April 2006
Trackpower News: Racino gets $20M loan as it nears finish
Toronto-based TrackPower Inc. announced Thursday that Tioga Downs Racetrack obtained a $20 million bridge loan from RCG Longview II on March 30.
Baymount News
Options Exercised by Independent Directors
Thursday April 6, 12:02 pm ET
TORONTO, April 6 /CNW Telbec/ - Baymount Incorporated ("Baymount") (TSX Venture: BYM - News) is pleased to announce that two of its independent Directors, Gordon Ashworth and Helmut Biemann, exercised options to acquire 600,000 common shares and 100,000 common shares respectively, at an exercise price of $0.175 per share. The gross proceeds of the transaction are $122,500.
Thursday April 6, 12:02 pm ET
TORONTO, April 6 /CNW Telbec/ - Baymount Incorporated ("Baymount") (TSX Venture: BYM - News) is pleased to announce that two of its independent Directors, Gordon Ashworth and Helmut Biemann, exercised options to acquire 600,000 common shares and 100,000 common shares respectively, at an exercise price of $0.175 per share. The gross proceeds of the transaction are $122,500.
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