NY Legislation Would Halt OTB Casino Plans
February 3, 2016 Tom Precious, Blood-Horse A New York lawmaker, sharply critical of the Nassau Off-Track Betting Corp. bid to try to locate a casino at Belmont Park racetrack, has [...]
Congress Passes Three-Year Tax Depreciation for Racehorses, Other Incentives
LEXINGTON, Ky. (Friday, December 18, 2015) – Important tax incentives for horse owners – including a key provision that extends three-year tax depreciation for all racehorses through 2016 – were passed [...]
Congress Passes H-2B Visa Improvements Backed by NTRA
LEXINGTON, Ky. (Friday, December 18, 2015) – Provisions backed by the National Thoroughbred Racing Association (NTRA) that offer relief for H-2B visa employers such as horse trainers were approved by Congress [...]
President Enacts Bills That Benefit Racing
LEXINGTON, Ky. (Friday, December 18, 2015) – President Obama this afternoon signed into law H.R. 2029, which includes the Protecting Americans from Tax Hikes (PATH) Act of 2015 and the [...]
H-2b Visa Improvements Backed by NTRA Among Budget, Tax Reforms Expected to be Passed by Year’s End
LEXINGTON, Ky. (Thursday, December 17, 2015) – Provisions backed by the National Thoroughbred Racing Association (NTRA) that offer relief for H-2B visa employers such as horse trainers are included in [...]
Three-Year Tax Depreciation for Racehorses, Other Incentives Poised for Multi-Year Extension by Congress
LEXINGTON, Ky. (Wednesday, December 16, 2015) – Important tax incentives for horse owners including a key provision that extends three-year tax depreciation for all racehorses through 2016 were finalized late [...]
Historical Racing Rules Survive in Texas
December 15, 2015 Eric Mitchell, Blood-Horse Rules created to establish historical racing in Texas remain intact after the state's racing commission took its second vote in four months to repeal [...]
Massachusetts Slots Referendum Progresses
December 3, 2015 by Lynne Snierson, Blood-Horse A ballot question that would allow a slot machine parlor near Suffolk Downs has cleared a hurdle and could appear on the statewide [...]
Fantasy Sports Operators Make Case in NJ
November 10, 2015 Blood Horse Staff New Jersey legislators were told Nov. 9 fantasy sports operators shouldn't be regulated like casinos because their games are more skill than chance. Representatives [...]
ADW, Revenue Reinstatement on WV Wish List
By Tom LaMarra Legislation authorizing advance deposit wagering is on the wish list for a group of racing industry stakeholders in West Virginia, according to a report that was approved [...]