Archives for January 2018

Record Day for Pegasus World Cup

Gun Runner 2018 PegasusPress Release

Gulfstream Park registered an all-sources handle of $41,983,881 Saturday on its second Pegasus World Cup Day, highlighted when Horse of the Year Gun Runner won the $16 million Pegasus World Cup Invitational (G1) by 2 ½ lengths over West Coast. Gunnevera finished third.

The $41.983 million handle – a 4 percent increase over last year’s previous Pegasus record handle of $40,217 – is the largest handle in Gulfstream’s 79-year history excluding Breeders’ Cup Days. The day of world-class Thoroughbred racing and entertainment was attended by 16,400.

“The crowd, the entertainment, the fans and of course, our human and equine athletes made this an electric day from early morning into the evening,” said Gulfstream’s General Manager Bill Badgett. “The Stronach Group continues to revolutionize the experience of attending a Thoroughbred race. We want to thank the wonderful fans and horsemen throughout the world. We feel the Pegasus World Cup Invitational will continue to grow, attract and engage even more of the world’s best horses.”

Is Horse Racing Dead? Records Set on Gulfstream Park’s Rainbow Six

Gulfstream Park grandstand copyright All Star Press 2012Press Release

North American Pick 6 wagering records were set Sunday at Gulfstream Park, spurred by a scheduled 20-cent Rainbow 6 mandatory payout that yielded a payoff of $15,566.10 to multiple ticketholders with all six winners.

When betting on the popular multi-race wager had concluded prior to the first leg of the Rainbow 6, which spanned Races 7-12, the pool had swelled to $19,779,235, shattering the Pick 6 pool record of $15,285,707 set March 26, 2016, when a carryover of $4.5 million was at stake.

A total of $15,788,224 was wagered into the Rainbow 6 Sunday, eclipsing the $10,782,375 wagered at Gulfstream on March 26, 2016.

A jackpot carryover of $3,991,011 served as incentive for the Rainbow 6, which had gone unsolved for 39 consecutive programs through Saturday’s $16 million Pegasus World Cup Invitational (G1) card.

Madame Uno ($11.80) kicked off the six-race sequence with a victory in the seventh race, followed by Nootka Sound ($10.60) in the eighth, Dreaming of Jo Jo ($5.60) in the ninth, First Distinction ($3.80) in the 10th, Stormymeister ($8.40) in the 11th, and Forest Gator ($74) in the 12th.

The carryover jackpot is only paid out when there is a single unique ticket sold with all six winners. On days when there is no unique ticket, 70 percent of that day’s pool goes back to those bettors holding tickets with the most winners, while 30 percent is carried over to the jackpot pool.

However, on days when a mandatory payout is scheduled, the entire pool is shared by those holding tickets with the most winners.

The Rainbow 6 was last solved by a single bettor on Dec. 9, 2017 for a jackpot payout of $98,309.32.

The Rainbow 6 produced a record payoff of $6,678,939 for a Palm Beach bettor on May 25, 2014, breaking the previous mark of $3,591,245.44 set by a New Jersey bettor on Feb. 22, 2013.

The Rainbow 6 starts anew when live racing returns to Gulfstream for a 10-race program Wednesday, Jan. 31. First race post time is 12:30 p.m.

Gun Runner Wins The 2018 Pegasus World Cup Invitational, The World’s Richest Thoroughbred Horse Race

Gun Runner 2018 PegasusCelebrities Pharrell Williams, Lenny Kravitz, Olivia Culpo, Prince Royce, Wilmer Valderrama, Post Malone, and Ludacris Among the 10,000 Guests to Witness History

HALLANDALE BEACH, Fla., Jan. 27, 2018 /PRNewswire/ — The Stronach Group’s $16 Million Pegasus World Cup Invitational was held on Saturday, January 27, at Gulfstream Park in Hallandale Beach, Florida, in front of a record… [Read more…]

Petition questions if Poker is a Game of skill or Gambling

Petition questions if Poker is a skill game or gambling NYOOOZ Full coverage

Source: Petition questions if Poker is a skill game or gambling

Racehorse Owner Bill Gallo Swinging for the Stars

pegasus world cup logoAs a relative newcomer to horse racing, Bill Gallo is still learning some of the game’s many nuances. Having recently retired from running one of the world’s largest grain brokerage companies but still with interests in the movie and real estate business, he also knows about seizing an opportunity.

In the $16 million Pegasus World Cup Invitational (G1), the world’s richest Thoroughbred race to be run Jan. 27 at Gulfstream Park, the 69-year-old native New Yorker has found one.

Gallo, a partner with Gulfstream-based trainer Jena Antonucci in Bella Inizio Farm, is one of a dozen stakeholders who put up $1 million for a spot second edition of the Pegasus World Cup, the unique and innovative brainchild of The Stronach Group founder Frank Stronach.

With Antonucci’s guidance, Gallo worked out a deal with owner Solomon Del-Vallee to run multiple graded-stakes winner Gunnevera in his spot. The 4-year-old colt remains in the care of trainer Antonio Sano at Gulfstream Park West.

“I just come to the track to see my horses run. I’m not the kind of guy that will sit there and bet on every race. It’s not me. I just love the experience,” Gallo said. “And what better experience can a guy like me have than getting a slot in the Pegasus World Cup, which I’m not likely to ever give up. I don’t think people really understand what The Stronach Group has done here. This is ingenious.”

Gallo said he was approached last year about purchasing a spot in the 1 1/8-mile Pegasus World Cup, won by champion Arrogate in track-record time. Given his business background, Gallo chose instead to be an interested observer and was eager to join in once he saw the inaugural event’s success.

“In my quest to understand this business, the Pegasus World Cup was presented me in 2016 when they were first talking about the race. I thought about it and decided I didn’t know enough about the business. It’s a pretty big commitment,” Gallo said. “The next time it came around I said to myself, how else can you get involved at the highest level of the industry at an entrance fee that to me is quite reasonable, because you don’t have to have your own horse. You can go and negotiate with someone else, a Grade 1 horse that has a chance of winning.

“I left it up to Jena to find that horse,” he added. “I strongly believe that the image of the Thoroughbred racing industry needs to be improved and the best way to improve it is to go global. This is what they’re attempting to do with the Pegasus World Cup – get the best horses in the world.”

Born in the Bronx and raised on Long Island, Gallo said his involvement in racing goes back five or six years, when he was asked by a group of college friends if he wanted to get in on a horse in a partnership that used Antonucci as its trainer. Gallo also had horses in California in partnership with Swag Stables including Mike Man’s Gold, a multiple stakes winner with nearly $300,000 in career purses.

Ultimately, Gallo decided that he wanted to own his own horses which run under the GalloStables banner. For the first time last year he got involved in pinhooking, visiting sales in Ocala, Kentucky and Saratoga Springs buying horses to later sell.

“I’m not the average guy that’s been brought up in the race business. I just got involved a few years ago,” Gallo said. “What I did was I traded grain my entire life. That’s pretty volatile. Physical grain, not futures, moving it on ships all over the world. To me, I view the horse business as a commodity.

“I don’t fall in love with the animal even though I think he’s a magnificent beast. Initially I was brought into the industry to have fun. I can have fun and if you make money at it, you can have a lot more fun,” he added. “That’s exactly why I’m in the industry and I’m looking forward to the years ahead.”

For decades Gallo, who owns homes in New York and Florida, was the senior managing partner and majority owner of Pasternak Baum and Co., an international grain brokerage company that was acquired in 2008 by Japanese trading company Marubeni Corp. Following the purchase, Gallo established Columbia Grain Trading Inc. which he developed into the No. 1 supplier of soybeans to China in the four years prior to his late 2017 retirement.

Gallo is majority owner of Amasia Entertainment, a motion picture production company that produced movies such as 2013’s The Call with Halle Berry and 2016’s Mr. Right with Anna Kendrick and Sam Rockwell. Amasia is run by Gallo’s oldest son Bradley, 40, while 38-year-old Darren operates DWG Management, Gallo’s real estate company.

Gallo’s youngest son, Ross, is a Los Angeles-based actor. All three will be in attendance with Gallo at the Pegasus.

“I’m really looking forward to it. It’s a lot of fun,” Gallo said. “When I had horses out west, I was never there. I was always here. I never saw the horses, and then I started to go to Gulfstream and meet with Jena and visit the stable and watch the horses breeze and I got really into it. I really like it.

“It’s a very interesting business, and it fits with my commodity mentality. It’s a risk and you have to know how to hedge a risk just like we hedge ourselves in the grain business. It’s been fascinating. There’s ways of making money in this industry, you’ve just got to work at it. You’ve got to take the risk,” he added. “That’s what I’m doing here with Pegasus. No risk, no reward.”

2018 Belmont Stakes Festival Tickets on Sale Tomorrow, Jan. 25

Belmont Park horse racingTickets for the 2018 Belmont Stakes Racing Festival will go on sale to the public on Thursday, January 25 starting at 10 a.m. via Ticketmaster.com.

Source: Belmont Stakes Festival Tickets on Sale Jan. 25

$3,129,357 Jackpot Rainbow Six at Gulfstream Park for 1/24/18

Press Release

The 20-cent Rainbow 6 carryover jackpot swelled to $3,129,357.50 for Wednesday’s card at Gulfstream when the popular multi-race wager went unsolved for the 35th consecutive program Sunday.

Gulfstream Park grandstand copyright All Star Press 2012Multiple tickets with all six winners were each worth $16,657.68.

The carryover jackpot is only paid out when there is a single unique ticket sold with all six winners. On days when there is no unique ticket, 70 percent of that day’s pool goes back to those bettors holding tickets with the most winners, while 30 percent is carried over to the jackpot pool.

The carryover jackpot pool going into Sunday’s six-race sequence (Races 6-11) was $2,929,465.31, producing a Rainbow 6 handle of $833,084.

The Rainbow 6 was last solved on Dec. 7, when a lucky ticketholder cashed for a $98,309.32 jackpot payoff.

Who’s Hot: Jose Ortiz rode a pair of winners Sunday, scoring aboard Cash Call Kitten ($4.40) in Race 6 and Ray’s The Bar ($3.20) in Race 8.

Successful 2017 Aqueduct Winter Meet

Is Horse Racing Dead?

Press Release

The 2017 Aqueduct Fall Meet generated all-sources handle on NYRA races of $250,376,535, an increase of 7.6 percent over the 2016 Aqueduct Fall Meet.

Average daily handle from the 36 days of live racing was $6,954,904; a 1.6 percent increase over 2016.

The 2017 Aqueduct Fall Meet, from November 3 to December 31, was the first meet contested since the construction of a new, outer turf course and renovation of the main track oval to accommodate year-round racing.

In 2017, NYRA moved the Grade 1 Cigar Mile back one week from its traditional date on the Saturday after Thanksgiving, scheduling the fall meet’s signature race four weeks after the Breeders’ Cup. The purse was also increased from $500,000 to $750,000.

The Cigar Mile Day card, highlighted by Sharp Azteca’s victory in the 29th running of the Grade 1, $750,000 Cigar Mile Handicap presented by NYRA Bets, generated all-sources handle of $13,545,188, marking an 11.8 percent increase over 2016’s Cigar Mile Day.

Total handle for the 2017 Aqueduct Fall Meet, which is inclusive of import wagering on non-NYRA races, was $303,182,961.

During the Aqueduct Fall Meet, live racing was canceled due to adverse weather conditions on November 19, December 13, December 28, and December 31. The final five races of the December 30 card were also canceled.

2017 Aqueduct Fall Meet (NYRA races)

* All-sources handle: $250,376,535
* All-sources average daily handle: $6,954,904
* Race days: 36
* 2017 On-track handle: $28,099,665

2016 Aqueduct Fall Meet (NYRA races)

* All-sources handle: $232,645,188
* All-sources average daily handle: 6,842,506
* Race days: 34
* On-track handle: $27,554,724

Please note, all handle figures are exclusive of international settlements.

Collected Breezes at Santa Anita for 2018 Pegasus World Cup

pegasus world cup logoSpeedway Stable’s 5-year-old, grade 1 winner Collected was sent out by trainer Bob Baffert for a seven-furlong breeze at Santa Anita Park under Mike Smith Jan. 15 in preparation for the Pegasus World Cup Invitational Stakes (G1).

Source: Collected Breezes at Santa Anita for Pegasus

NYRA Plans Belmont Changes to Target Potential Fans

Belmont Park crowd

copyright Agameofskill.com

Belmont Park Changes on Tap

New York Racing Association officials are ready to move forward with their own renovation plans as they target potential new fans drawn by the development at Belmont Park.

Source: NYRA Plans Belmont Changes to Target Potential Fans