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Posts Tagged ‘horse racing’

Gambling has always polled well

In addition to their self-reported efforts to work together, the pro-gambling expansion forces have released a poll showing public sentiment on their side. A poll paid for by Let Texans Decide, a pro-gambling group made up of interests that wanted slot machines at racetracks last session, asked 1,001 registered voters in Texas: “Regardless of your […]

One big happy pro-gambling expansion family

If the pro-gambling forces in the state all join hands and agree to work together, will this finally be the year that gambling expansion gets a vote? Maybe. John Montford, chairman of Let Texans Decide, a coalition of gaming companies, track operators, trade groups and others who want Texas to legalize casinos, has met with […]

The racetracks have given up on gambling for this session

Here’s a clear answer for those of you who may have been holding out some hope for an expansion of gambling. Retama Park officials have all but lost hope that lawmakers will act before the end of the regular legislative session to let voters decide whether to legalize slot machines at state racetracks. While a […]

Horse racing folks feeling good about gambling’s chances this time

They always say that, but maybe this time they’re right. The chief executive officer at Retama Park expressed cautious optimism Thursday that the state could one day allow slot machines at horse racetracks, a move that has long been deemed as critical to the financial well-being of a struggling industry in Texas. Retama CEO Bryan […]

More on SHRP’s investment partner

I mentioned before that Sam Houston Race Park is getting an investor that will help them with the push to expand gambling in Texas. Here’s some more about the investor and the push. The Philadelphia-area company [Penn National] is, at least, expert at shoehorning electronic gaming into existing race tracks. It has a glowing record […]

SHRP gets an investor

File this under “general gambling news”. Sam Houston Race Park will announce today it has entered into an ownership and operations agreement with racetrack and gaming giant Penn National Gaming Inc. as Texas track owners prepare to push for expanded gaming options from the Texas Legislature next year. Penn National will acquire a 50 percent […]

Retama Park

Here’s another story about another horse racing track – Retama Park, which is northeast of San Antonio in Selma – hoping to hit the jackpot (as it were) with slot machines. The bit that interests me is this: If slots pass, [Retama CEO Byron] Brown envisions a massive transformation at Retama with an investment of […]

The state of horse racing in Texas

It’s not very bright right now. The Texas Racing Commission faced a packed house Friday in the enclosed confines of the Founder’s Room at Sam Houston Rack Park. They heard a tale of woe from an industry in rapid decline, a decline precipitated by a close escape of Texas dollars flowing across the Sabine and […]

Poll says people prefer slots to taxes

I don’t think that’s a great revelation – I’d think many people would claim to prefer a bout of the flu to having their taxes raised – but for obvious reasons, this is a noteworthy finding. A new poll conducted for horse track owners indicates that Texans would rather legalize slot machines at race tracks […]

Filling the void

I’ve heard a number of reasons why we “need” video lottery terminals at horse racing tracks, but this one, espoused by Texas Racing Commission Chair Rolando Pablos, may be the most entertaining. Though he does not gamble, Pablos studied gaming models during postgraduate studies at UH. He continues to study them. He perceives one disconnect […]

The gambling industry never sleeps

I confess, I hadn’t realized the Chron had a Horse Racing Notebook column, but they do and this one wants to tell you just how awesome slot machines would be at the racetracks if only we’d let them have them. I don’t have any particular interest in rehashing the arguments from the legislative session, when […]

Response from the racetracks

When I wrote my earlier post about how much revenue expanded gambling would generate for Texas, I said I’d be more than happy to do a similar exercise for someone on the pro-gambling side of things. Sure enough, I got an email from Mike Lavigne on behalf of Texans for Economic Development, who sent me […]

How much money would expanded gambling generate?

Throughout this session, every time the subject of expanded gambling in Texas comes up, along with it comes some kind of projection of how much revenue it might generate. Those estimates always come from the proponent of that form of expanded gambling, and as expected are wildly optimistic. For example: Texas Insider, February 13: “Our […]

Two stories about gambling

The Chron’s David Barron talks to some experts about putting slot machines at horse tracks, which is one of several major proposals to expand gambling in Texas this legislative session. William Eadington, an economics professor at the University of Nevada and director of the university’s Institute for the Study of Gambling and Commercial Gaming, questions […]

Reason #437 why I’m skeptical of the gambling industry

The regulatory agency that oversees horse and dog tracks in Texas is begging for a handout to make it through the end of the fiscal year. Faced with a 14 percent, nearly $678,000 shortfall, the commission that oversees horse and dog racing in Texas has asked Gov. Rick Perry for a $250,000 emergency grant to […]

Expanded gambling: It isn’t just for race tracks any more

Here’s an update to the story about the big expanded gambling bill that was filed yesterday. Slot machines also would be allowed at the state’s existing race tracks under the proposal by Sen. Rodney Ellis, D-Houston; Sen. John Carona, R-Dallas; Rep. Jose Menendez, D-San Antonio, and House Appropriations Committee Chairman Jim Pitts, R-Waxahachie. In addition, […]

Gambling poll

Got a press release in the mail on Monday that claims there is broad support for expanded gambling in Texas – in particular, allowing slot machines at existing race tracks and on Indian reservations. I’ll point you to Texas Insider for a reprint of the release, and to this Google doc that has the poll […]