Horse Racing News: Industry Updates, Casino Development & Track Changes
A casino development is taking shape at the former Atokad Downs racetrack site in South Sioux City, Nebraska. Ho-Chunk Inc. and WarHorse Gaming, both subsidiaries of the Winnebago Tribe of Nebraska, announced plans for the state's sixth and final casino authorized through 2020 legislation.
The Rose Gaming Resort recently opened its doors in Virginia, approximately 30 miles south of Washington, D.C., while Churchill Downs plans to invest up to $50 million in a new Kentucky historical horse racing (HRM) venue.
Notable developments in the horse racing industry include:
- Ohio racinos surpassing $1B in net revenues in FY19
- Congressional push for national drug and safety standards
- Churchill Downs and Keeneland's $150M racing venue project at the Kentucky-Tennessee border
- Record-breaking betting numbers at the Kentucky Derby
- TwinSpires rebranding of BetAmerica sportsbook and iGaming
Recent industry news highlights legal challenges, with New Jersey horsemen suing Penn Entertainment and Greenwood Gaming over the Freehold Raceway closure. Buffalo Mayor Byron Brown transitions to lead an off-track betting corporation, while Churchill Downs announces $80-90 million renovation plans for its Kentucky Derby track grandstand.
Significant developments include:
- Hawthorne Race Course addressing sick horse allegations
- Monmouth Park's planned mixed-use complex expansion
- Stronach Group's ongoing legal disputes
- Cherokee Casino at Will Rogers Downs recovery from tornado damage
- Churchill Downs' Virginia gaming initiatives
The industry continues to evolve with Bob Baffert's ban being lifted, new facility developments facing community scrutiny, and various legal and safety challenges being addressed across multiple jurisdictions. Golden Gate Fields concludes operations, marking the end of an era in California racing.
The sector faces ongoing challenges with track maintenance, weather-related disruptions, and continued focus on safety regulations and enforcement, while expansion and modernization efforts proceed in several states.
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