Royal Ascot, a Crown Jewel for Racing and the Queen

Ascot racecourse in UKRoyal Ascot, a Crown Jewel for Racing and the Queen

New York Times Full coverage: Royal Ascot, a Crown Jewel for Racing and the Queen

Switzerland’s legendary horse racing track

Switzerland’s legendary horse racing track.

Must-see pictures Switzerland horse racing track

swissinfo.ch Full coverage: Switzerland’s legendary horse racing track

Kentucky Downs Purchased by Kentucky Racing Acquisition, LLC

Kentucky Downs 2015FRANKLIN, Ky. – Kentucky Racing Acquisition, LLC (“KRA”), a new company co-founded by Ron Winchell and Marc Falcone, announced today that it has entered into a definitive agreement to purchase all the assets of Kentucky Downs from parent company Kentucky Downs Partners, LLC, the investment group that has owned the race track since 2007.

Located near the Kentucky and Tennessee border, just off Interstate 65 and approximately 45 miles from Nashville, Tenn., Kentucky Downs features more than 750 Historical Horse Racing (“HHR”) machines and conducts live turf racing each September, including the annual running of the Grade III Kentucky Turf Cup race, on North America’s only “European-style” race course. Kentucky Downs is a pioneer in modern Historic Horse Racing, the electronic form of pari-mutuel betting on horses gaining nationwide recognition as one of the great financial success stories in the sport’s history. Since the introduction of the HHR machines, betting on racing at the southern Kentucky facility has increased from $20 million in 2010 to nearly $800 million to date in 2018.

The co-founders of KRA are well-known within the horse racing and casino gaming industries. Ron Winchell oversees his family’s Winchell Thoroughbreds, a prominent racing and breeding operation located in Lexington, KY that currently owns more than 120 horses including racing and breeding stock. Marc Falcone brings significant financial and gaming experience to Kentucky Downs, having previously served as Executive Vice President VP, Chief Financial Officer and Treasurer of Red Rock Resorts, Inc and Station Casinos from 2011 to 2017. His previous investment business background includes Goldman Sachs & Co., where he focused on restructuring transactions in the hospitality and gaming sectors; Deutsche Bank Securities Inc., where as managing director he was recognized as one of the gaming, lodging and leisure industry’s top analysts; and Bear, Stearns & Co. Inc.

The Winchell name is immediately recognizable in racing circles from its nationwide success and association with two extraordinary horses – recent Horse of the Year Gun Runner and three-time leading sire Tapit. Winchell also operates more than 20 gaming locations across Nevada. His passion for racing is a tribute to his late father Verne’s commitment to and history in Kentucky horse racing and breeding.

“Some of my fondest early memories are of visiting race tracks with my father and thoroughbred racing has been a passion of mine ever since. As such, I am personally thrilled to be carrying our family name into this exciting opportunity to take the reins of Kentucky Downs, one of American racing’s great success stories of the past decade,” Winchell said. “This represents the first step in KRA’s plan to further advance racing and HHR in the Commonwealth.”

Ray Reid, President of Kentucky Downs Management, Inc. and Kentucky Downs Partners, LLC, said he sees KRA, Winchell and Falcone as a “perfect fit” for the next chapter in the track’s history. “We purchased Kentucky Downs in 2007 with the goal of reversing the business fortunes of Kentucky racing, and I believe we have done that. Kentucky Downs Partners is confident that Ron and Marc are the right people to continue to expand on this momentum, so much so that many of our current owners intend to be part of and support the new investment group moving forward.”

Marc Falcone commented, “Our agreement to acquire Kentucky Downs represents a terrific opportunity that is consistent with our business plan to grow through strategic investments in racing facilities and apply our operational and management expertise to support future growth. Our commitment to horse racing extends beyond this announced plan to acquire Kentucky Downs as Ron and I believe there are other opportunities where our combined expertise and experience can help foster consistent growth for the sport.”

“KRA is committed to continually improve and enhance the business at Kentucky Downs by investing new capital in additional food, beverage and hospitality offerings as well as in technology and property infrastructure to grow the customer’s entertainment experience. KRA also is focused on the potential opportunity to develop a new facility in Oak Grove, KY if awarded that license by KHRC. An Oak Grove property under the umbrella of the new Kentucky Downs ownership would enable constructive marketing and operational synergies, optimizing market development and economic return to the Commonwealth of Kentucky and the many stakeholders in Kentucky racing, including owners, trainers, breeders and other professionals. With Kentucky Downs’ familiarity and understanding of the Nashville market, KRA would be strategically positioned to maximize that market for Kentucky,” Falcone added.

“Kentucky Downs is a great facility with a hard-working team of more than 200 employees and a bright future,” Winchell said. “The total commitment of Kentucky Downs to the horse racing industry, the Commonwealth and its guests and employees has been conclusively demonstrated by continuous reinvestment in the facility and the development of the blueprint for HHR elsewhere in the state. Marc and I are committed to leveraging our passion and love for this great sport and our knowledge of gaming operations to help Kentucky Downs and Kentucky racing to continue to thrive.”

The KRA transaction is expected to close early in Q1 2019, subject to regulatory approvals from Kentucky Horse Racing Commission (KHRC) and other customary closing conditions. Financial terms were not disclosed.

(Photos: Ron Winchell, courtesy Winchell Thoroughbreds, Anne Eberhardt Keogh photo. Ron Winchell talked with NBC’s Laffit Pincay III after Gun Runner won the 2017 Breeders’ Cup Classic at Del Mar. Credit: Breeders’ Cup)

Source: Kentucky Downs

Chanelle McCoy launches new horse racing club in Ireland

young attractive British racegoerHorse racing club in Ireland started

INS Racing has been developed to grow the sport in Ireland and facilitate sports fans to get much closer to the action by experiencing first-hand the excitement of racehorse ownership. Chanelle was joined at the launch by trainer, Michael O’Callaghan, who along with Willie McCreery, have committed to training several of the club’s racehorses…

Chanelle McCoy launches new horse racing club in the beautiful country of Ireland: Chanelle McCoy launches new horse racing club

Friday’s Stronach 5 Wager for 11/15/18

Friday’s Stronach 5, a national wager with an industry-low 12-percent takeout, will feature a guaranteed pool of $50,000.

First race post time is 3:52 p.m.

Past Performances: http://www.laurelpark.com/sites/www.laurelpark.com/files/content/sp5_1.pdf

Friday’s races and sequence

Leg One – Laurel Park Eighth Race: (7 furlongs, 12 horses) 3:52 ET, 12:52 PT
Leg Two –Gulfstream Park West Eighth Race: (5 ½ furlongs, nine horses) 4:05 ET, 1:05 PT
Leg Three –Laurel Park Ninth Race: (1 1/16th mile, 10 horses) 4:22 ET, 1:22 PT
Leg Four – Gulfstream Park West Ninth Race: (7 ½ furlongs turf, 16 horses) 4:38 ET, 1:38 ET
Leg Five – Golden Gate Fields Fourth Race: 5 ½ furlongs, 12 horses) 5:15 ET, 2:25 PT

RULES for the Stronach 5 Wager

The minimum wager on the multi-race, multi-track Stronach 5 is $1. If there are no tickets with five winners, the entire pool is carried over to the following Friday.

For the Stronach 5, if a change in racing surface is made after the wagering closes, each selection on any ticket will be considered a winning selection. If a betting interest is scratched, that selection will be substituted with the favorite in the win pool when wagering closes.

Horse racing has gone off track in the age of technology?

Racing needs a better presentation, TVHorse racing has gone off track in the age of technology

“As a youngster growing up in New York, I noticed one beautiful part of horse racing was that it brought people together. People that were at each others’ throats on the mean streets of Queens might be seen sharing a racing form and laughing together under the tote board at Aqueduct. And, when the ninth race was completed, so was all the action for that day. The fact there was only one track in people’s itinerary only cemented the bonds. People were loyal and true to the one track in their lives…”

St. George Daily Spectrum Full coverage: Horse racing has gone off track in the age of technology

What do you think?  Put your comments about this important topic below.

What a Birthday for the Defending BetPTC Handicapper of the Year

John F. and his much better half, wife Cheryl

John F., defending BetPTC Handicapper of the Year (2017), celebrated his birthday in horseracing style. John overcame an almost insurmountable lead from Day One leader Scott C. ($5,875; +2250%) to win the 2018 BetPTC Cash is King X Finals.

Besides retaining his Handicapper of the Year title by finishing first for the second consecutive year, John garnered the coveted $12,000 Pegasus Cup Betting Challenge entry.  That event is held Jan 25-26, 2019 at Gulfstream Park (and Santa Anita).  John also keeps the $9,007 in cash he won plus receives travel reimbursement ($500) and perks at the Pegasus Cup.

Although John was a respectable 2nd after Day One ($2,457; +810.19%), Carson’s +2,250% ROI score was imposing. With a big hit at Gulfstream Park West on Sunday, John concluded his weekend with a 2-day total of $9,007; a +1632.12% ROI that put him narrowly on top.

As a 9 time-NHC qualifier, John is looking forward to not only the exciting and challenging Pegasus contest hosted by the Stronach group in late Jan, but also participating again in the $3M NHC contest in Las Vegas in early February.

For his second-place finish, Scott C. earned the $2,000 cash prize plus kept his $8,555 in winnings for a tremendous weekend of handicapping and betting.  3rd place went to Albert T. ($3,304, +278.47%), good for $1,000 in prize money. 4th place was Peter M. ($1,320, +161.41%) and 5th place was Ellis S. ($1,489, +45.75%).  Both Peter and Ellis won $500 cash.  6th place finisher was Andrew W. ($740, +32.62%), and 7th went to David V. ($1,211, +21.42%).  Each received $250 cash.

Congratulations to all 39 contestants who qualified and competed in this year’s 15-week Cash is King contest and Nov Finals.  To learn more about BetPTC and how you can receive a Custom Rewards Schedule via AGOS, click here.

A bonus contest event is being held this Friday for the 7 participants who finished in the top 3 three or more times during the 15-week contest.  An additional $3,000 in prizes will be awarded in that special event.

 

Real Money contestAbout Premier Turf Club (BetPTC)

Premier Turf Club is a U.S. based pari-mutuel account wagering provider that has been in business over 10 years.  BetPTC is regulated in the state of Oregon by the Oregon Racing Commission.

The company provides legal telephone and online betting services, safely and securely handling over $350 million in wagers.  In the summer of 2017, BetPTC released a mobile-friendly wagering platform at BetPTC.mobi.

Unlike the non-pari-mutuel off-shore bookmakers, BetPTC pays the tracks for the right to accept simulcast wagers on their races and co-mingle those wagers with the on-track pari-mutuel pools. Unlike the off-shore ADWs, a portion of all monies wagered through Premier Turf Club go to the horsemen and the local racetracks. It’s these payments that allow horsemen to run meets at Portland Meadows, country fairs and various racetracks throughout the United States.

The owner of Premier Turf Club started out in the racing industry as a horse owner and bettor. The BetPTC staff includes horse owners, bettors and industry professionals that have been involved in advance deposit wagering and simulcasting since their inceptions. The site is designed by horseplayers for horseplayers.

 

Fort Erie Race Track took cash offer to keep horse racing running

In the aftermath of the announcement from the province that slot machines would not be returning to Fort Erie Race Track, more details have begun to emerge that paint a clearer picture of what happened.

According to Jim Thibert, CEO of Fort Erie Live Racing Consortium (FELRC), the driving force behind the decision to turn down the slots deal was that, as presented, the deal didn’t secure the long-term viability of horse racing in town. Without that, Thibert said the entire slots deal was moot.

“The Ford government reinforced the No. 1 caveat being: No horse racing, then no slots,” said Thibert, who noted the entire horse racing operation in town would have been in jeopardy of collapsing after …

Fort Erie Race Track took cash offer to keep horse racing running.

StCatharinesStandard.ca Full coverage: Fort Erie Race Track took cash offer to keep horse racing running

Lady Aurelia Lights Up Bid Board at $7.5 Million

Is Horse Racing Dead? I Don’t Think So.

Barbara Banke’s Stonestreet Thoroughbred Holdings went to $7.5 million to purchase full interest in the European champion Lady Aurelia during Fasig-Tipton’s The November Sale. She was consigned as hip 200 by Hill ‘n’ Dale Sales Agency.

Source: Lady Aurelia Lights Up Bid Board at $7.5 Million

Bob Levy, horse racing innovator, was the ultimate people person | Dick Jerardi

Bob Levy, horse racing innovator, was the ultimate people person | Dick Jerardi

Philly.com Full coverage: Bob Levy, horse racing innovator, was the ultimate people person | Dick Jerardi