Portland Meadows closes after 73 years

A photo history of the Rose City’s race track

“Under lights as bright as a thousand moons, big-league horse racing comes to Portland Saturday,” The Oregonian wrote on Sept. 14, 1946.

The newspaper called the new, “ultra-modern” Portland Meadows racetrack a “long-courted dream for race-minded” locals, one that cost “considerably more than a cool million” to build.

The track’s proponents heralded it as the Rose City’s arrival on the national sports stage.

“This is not a ‘pocket edition’ of any other track but a full-scale race plant of which the Northwest can be proud,” declared developer Bill Kyne ahead of the inaugural race.

Just over 72 years later, what was likely the track’s last live horse race took place with much less fanfare. The venue’s owner, The Stronach Group, says Portland Meadows has been running in the red for years. It’s looking to turn the property into a warehouse/distribution complex. The racing season at the facility ended in February.

Is Horse Racing Dead? 8th Consecutive Laurel Park Meet Soars

Press Release

For the third consecutive year and eighth consecutive meet, Laurel Park registered an increase in average daily handle during its recently-completed summer meet.

Laurel’s average handle during its 33-day summer meet was $2.725 million, up 25.6 percent over last summer’s average of $2.170 million.

Total handle on Laurel’s summer meet was $112 million, up from $63.2 million last year when there were 24 live race days.

“We’re pleased that our product continues to trend upward with bettors, and horsemen throughout the Mid-Atlantic and Northeast continue to support our program,” said Sal Sinatra, President and General Manager of the Maryland Jockey Club. “We will continue to build our product with quality racing, full fields and improvements throughout our facility, and we truly believe our upcoming fall meet will be the best in recent memory.

The fall meet will offer 44 stakes worth $4.42 million in purses, and a number of Super Saturdays highlighted by the De Francis Memorial Dash (G3) Sept. 16, the Baltimore-Washington International Turf Cup (G2) and Commonwealth Derby (G3) Sept. 30, and the James F. Lewis, City of Laurel and Safely Kept Nov. 11, the day when the career and life of Maryland champion Ben’s Cat will be honored.

On Saturday, Oct. 21, Laurel Park will play host to the 32nd Jim McKay Maryland Million, “one of the greatest days of the year in Maryland,” Sinatra added.

3 Casino Stocks to Bet On

Churchill winner's circle Two Horse Racing Companies Among the Trio

3 casino stocks to shop for to Double Down on Casinos include MCRI (Monarch) and CHDN (Churchill Downs), the two major players in horse racing and online ADW business.

After years of falling sales, Macau’s gaming industry may also have finally determined its footing. … even though casinos are nonetheless a hard enterprise – way to China’s crackdown on corruption – some experts predict a return to boom in 2017. That’s lots needed news for… [Read more…]

World’s Richest Thoroughbred Horse Race

Pegasus statue at Gulfstream Park The Stronach Group announced Wednesday that the inaugural $12 million Pegasus World Cup will be held at Gulfstream Park in Hallandale Beach, Fla., on Jan. 28, 2017, becoming the world’s richest Thoroughbred race.
The Pegasus World Cup is the vision of Frank Stronach, founder and Honorary Chairman of The Stronach Group. It will be contested at Gulfstream Park in Hallandale Beach, FL. [Read more…]