Will the Florida racing dates wars between Hialeah and Gulfstream return? Fight between Florida Horsemen and Oxford Downs continues. Gaming financial news
- “Its Baaack…” For many years, a regular fight in Tallahassee was the Legislative battle over racing dates between Gulfstream Park and Hialeah Park. This finally ended when Hialeah ran its last thoroughbred race in 2001. Hialeah lost its pari-mutuel permit, and then returned as a quarter-horse track. However, according to the Fort Lauderdale Sun-Sentinel, Hialeah is once again considering thoroughbred racing. Although Hialeah says that it would like to work cooperatively with Gulfstream, those of us who went through racing date wars wonder if this is the first step towards a renewed racing date battle. Hialeah has also announced a $60 million dollar expansion to their Casino facility.
- The fight between United Florida Horsemen ( which includes the Florida Horsemen’s Benevolent and Protective Association, the Florida Thoroughbred Breeders and Owners’ Association, and the Florida Quarter Horse Association) and Oxford Downs continues, according to an excellent article by Carlos Medina in the Ocala Star-Banner. UFH contends that the Oxford track is not a real pari-mutual, just a front for a card room. “It’s preposterous. The State of Florida never ceases to amaze me”, … It’s a phony baloney deal they are pulling off.” said Kent Stirling, President of the FHBPA. The FTBOA has filed for an injunction, alleging that Marion County should not have permitted Oxford Downs to open. Tony Mendola, one of the owners of the track, disputes the allegations. Although Mendola admits that there is currently no clubhouse, permanent restrooms, concessions are limited to water and soda, and the races are minimal, he explains that once the card room and simulcasting are producing revenue, that the facility will improve.
- According to Bloomberg, Aristocrat Leisure Ltd. of Australia is buying Video Game Technologies, Inc, of Tennessee, for $1.3 billion dollars. This would increase Aristocrat’s number of gambling machines from 8,200 to 28,400.
- Moody’s Investors Service has downgraded its outlook for the United States gaming industry from stable to negative.