Leonard Lavin, a longtime force in Thoroughbred racing who built Glen Hill Farm into a nationally prominent racing and breeding outfit, died Aug. 2 at the age of 97.
Monthly Archives: August 2017
2017 Hall of Fame Profiles: Victor Espinoza
With Kentucky Derby wins aboard War Emblem, California Chrome, and Triple Crown winner American Pharaoh, the induction of jockey Victor Espinoza into the Hall of Fame was just a matter of time.
2017 Hall of Fame Profiles: Javier Castellano
Jockey has won four straight Eclipse Awards.
Pennsylvania Derby in Play for Classic Empire
With the Aug. 26 Travers Stakes (G1) looming and his presence on the work tab still unaccounted for since arriving at Saratoga Race Course, a start in the Sept. 23 Pennsylvania Derby (G1) is a “Plan B” that could become a reality for Classic Empire.
Wilkins Joins Adena Springs Kentucky
Ken Wilkins will join the team at Adena Springs Kentucky in the role of business and stallion operations, effective immediately.
Tom's Tribute Moved to Rancho San Miguel
Grade 1 winner Tom’s Tribute has moved to Rancho San Miguel for his third breeding season under the ownership of DP Racing and will stand for an advertised fee of $2,000.
US casino lobby seeks feds’ clarification on marijuana money
The US commercial casino lobby group wants the federal government to clarify its position on whether gaming operators can accept marijuana money at their tables and slots.
On Monday, the American Gaming Association (AGA) wrote a letter to Treasury Secretary Steven Mnuchin in response to the Treasury Department’s request for comments about federal regulations that can be “eliminated, modified or streamlined in order to reduce burdens” on industry.
Among the regulations that the AGA would like to see revised is the threshold for casinos to file Currency Transaction Reports (CTR). The current $10k threshold for cumulative transactions over a 24-hour period was imposed in 1972, and the AGA believes this should be increased to $60k to reflect the rate of inflation.
The AGA says the current threshold is so low that it “effectively captures transactions of little or no value to law enforcement” while noting that the casino industry files an estimated 1m CTRs per year, with each CTR taking about “45 minutes of effort” to compile.
Daily Fantasy Sports Legalized in Maine, No Thanks to the Governor
Maine became the 15th state to legalize daily fantasy sports, and the fourth this summer, joining fellow New England states Vermont and New Hampshire, along with nearby northeastern neighbor Delaware. […]
The post Daily Fantasy Sports Legalized in Maine, No Thanks to the Governor appeared first on .
Goldikova Enriches Hall of Fame
Wertheimer et Frere homebred won the Breeders’ Cup Mile (G1T) three times, two Eclipse Awards as top female turf horse, defeated males nine times, recorded record 14 grade 1/group 1 victories for European-based
Pennsylvania Derby In Play for Classic Empire's Return
With the Aug. 26 Travers Stakes (G1) looming and his presence on the work tab still unaccounted for since arriving at Saratoga Race Course, a start in the Sept. 23 Pennsylvania Derby (G1) is a ‘Plan B’ that could become a reality for Classic Empire.
Grand Korea Leisure getting beat up at home and abroad
South Korean casino operator Grand Korea Leisure (GKL) has spent most of 2017 getting beat up by Chinese politicians and domestic competitors.
GKL’s second quarter earnings report was released this week, and it made for grim reading. Revenue in the three months ending June 30 was down 15% to KRW 109.7b (US $97.2m), operating income fell nearly 44% to KRW 17.6b and net income sank nearly 40% to KRW 15.4b.
GKL’s downward trajectory mirrors its Q1 figures, which saw net income fall over one-third. For the year to date, GKL’s revenue is down 11.5% while profits are 37% lower than at the same point last year. Despite the fiscal carnage, GKL announced it would issue an interim dividend this month of KRW 130 per share, for a total payout of KRW 8b.
Like most Korean casino operators, GKL, which operates three foreigner-only Seven Luck gaming venues – two in Seoul and one in Busan – has been battered by Beijing’s decision earlier this year to restrict Chinese group tours to Korea to protest the deployment of a US missile system on Korean soil.
Lottery winner hands out winning tickets at favorite restaurant
A Maine man who won the lottery twice in recent months shared his winnings with employees and diners of a local restaurant he patronized nearly daily for more than a decade.Winner Stories, Maine, General Interest, Second chance drawing
2017 Hall of Fame Profiles: Garrett Gomez
Garrett Gomez, the troubled jockey whose brilliance on the track led him to wins in 13 Breeders’ Cup races, the national earnings title four times and who handed Zenyatta her only loss aboard Blame, will be posthumously be inducted into the Hall.
2017 Hall of Fame Profiles: Goldikova
Wertheimer et Frere homebred won the Breeders’ Cup Mile (G1T) three times.
Paid Up Subscriber Recovering from Surgery
After a dazzling performance at Saratoga Race Course in which she ran away to a 32 1/2-length score in the Shuvee Handicap (G3), Paid Up Subscriber had ankle surgery this week and will be sidelined for at least 60 days, her trainer Chad Brown said.
Neolithic Returns in Saratoga Allowance Test
Neolithic, the third-place finisher in the world’s two richest Thoroughbred races, will make his first start in nearly four months Aug. 5, when he returns against a solid field of nine challengers in an allowance race at Saratoga Race Course.
NBC Presents Live Coverage of Whitney From Saratoga
Led by multiple graded stakes winner Gun Runner, a top field of seven horses is set for the 1 1/8 mile, $1.2 million Whitney this Saturday, August 5 at 5 p.m. ET on the live NBC broadcast from Saratoga Race Course in Saratoga Springs, N.Y.
Google Play officially welcomes real-money gambling apps
Online gambling apps are flooding Google’s Android app store after the digital giant officially relaxed its ban on the products.
Last month, UK tech watchers broke the news that Google was preparing to lift its longstanding objections to real-money gambling apps in the Google Play app store. Google has now officially updated its policy center detailing the change and what gambling operators need to do to get their product onto the digital shelves.
For the moment, the gambling apps are only accessible via the Google Play stores in the UK, Ireland and France. Google has apparently chosen these markets as a trial run to determine whether or not their societies implode before rolling out the changes in other gambling-friendly markets.
App applicants will need to meet a number of criteria, including proving they have a valid license to offer gambling services in a market, preventing app use in countries not covered by the license, preventing underage users from gambling, including responsible gambling messages, etc. The apps are also prohibited from using Google payments services, including Google Play In-app Billing.
Winter Freezes the Competition at Goodwood
Winter racked up her fourth straight group 1 win Aug. 3 at Goodwood, rallying professionally through the final furlong to win the Qatar Nassau Stakes by 1 1/2 lengths from Blond Me.
Mountaineer to Memorialize Longtime Publicist Mooney
Bill Mooney’s work on promoting the West Virginia Derby, and all of racing at Mountaineer, will be recognized Aug. 5 with a race named in his memory.