Author Archives: Penny

ROLO CAT WINS THE SECOND RACE AT INDIANA DOWNS

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The stable had another 2 Year Old Winner last night. That makes three 2 Year old Winners so far this year.

ROLO CAT won a maiden special at Indiana Downs for owners Richard and Connie Snyder. This is the first horse we have trained for the Snyder’s. Yearly earnings are now over $920,000 for the stable.
College football season started tonight with about a dozen different games. Go Bucks!
 
Penny and I went to the final day of the Kentucky State Fair this past Sunday. We went because it is usually not as crowded and we wanted to see the draft horse pull.
They also had four of the male characters from “Duck Dynasty” at Freedom Hall for $38 and $48 per seat. We happened to get caught up in the crowd as they were exiting the show. We spoke to a few people who had been at the show and they reported to us there was about 5000 people in attendance. The show consisted of story telling by the Duck Dynasty men with a question and answer period that followed. Almost everyone we spoke to sported some type of clothing that was advertising (in one form or another) the Duck Dynasty family. Pretty entertaining we were told.

Cuts in Indiana

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Indiana lawmakers have passed a two-year budget that will reduce the amount of casino subsidies going to the Thoroughbred and Standardbred racing industries by approximately $3 million, or 5 percent lower than the amount distributed in 2010.

The cuts were a victory, of sorts, for the racing industries, which were facing much larger cuts in earlier versions of the budget. Lawmakers had initially proposed a more than 50 percent reduction in the subsidies from casino revenue for both the Thoroughbred and Standardbred industries.

In 2010, the two industries received approximately $60 million in subsidies that were directed from casino revenues to both purses and breeder awards. The Thoroughbred industry’s share of that amount was approximately $28 million, a total that will be reduced by approximately $1.4 million in the new budget.

Riverboat casinos in Indiana began operating in the late 1990s, and casinos were legalized at the state’s two racetracks, Hoosier Park and Indiana Downs, in 2007. The parent companies of both tracks have filed for bankruptcy, citing difficulties in paying off debts accumulated to pay an initial $250 million casino licensing fee and to fund the construction of their casinos.

Since the racetrack casinos began operating, the number of mares bred in the state has jumped from 583 in 2007 to 1,137 in 2010, according to Jockey Club statistics, while the number of stallions in the state increased from 80 in 2007 to 114 in 2010.