Author Topic: Red Mile Sees Court Ruling As Positive Return Home  (Read 297 times)

C10hitch

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Red Mile Sees Court Ruling As Positive Return Home
« on: February 21, 2014, 12:00:18 PM »
http://www.harnessracing.com/news/redmileseescourtrulingaspositive.html

Red Mile Sees Court Ruling As Positive Return Home
February 20, 2014 | Print View 


On Thursday the Supreme Court of Kentucky ruled that the Kentucky Horse Racing Commission has the authority to license and regulate the operation of pari-mutuel wagering on historical horse races. In its ruling the Court specifically rejected an argument by The Family Foundation of Kentucky that historical racing falls outside the "statutorily-circumscribed parameter of `legitimate horse racing.'” The court added, "… we find nothing in the statutes to suggest that a `legitimate' horse race must be a `live horse race.'”

It was initially reported by media in Kentucky that the Supreme Court's decision was a defeat for racetracks wanting to implement historical wagering, among them The Red Mile. However, The Red Mile's attorneys, and others, saw the ruling as offering a clear decision on the legality of historical racing, said Red Mile president and CEO Joe Costa.

"We have had a meeting with our legal counsel and their conclusion is that this is a positive ruling,” Costa told harnessracing.com. "The single-most important issue was whether or not wagering on historical races in Kentucky is legal in a pari-mutuel format, and the court found that it is. We think it's clear that it is pari-mutuel, and in fact these historical racing machines have been vetted. There is a wagering pool; people are not playing against the house.”

Wagering on historical races has been taking place at Kentucky Downs and Ellis Park and has earned millions for the purse accounts at those tracks, as well as for track operators. The Kentucky Horse Racing Commission has currently approved 18 separate historical racing gaming machines.

The Supreme Court also ruled that The Family Foundation has the right to question the legality of a game approved by the Kentucky Horse Racing Commission and should have been granted pre-trial discovery in a prior lawsuit before Franklin County Circuit Court which challenged the premise that historical horse racing was pari-mutuel wagering.

While Kentucky Downs and Ellis Park have been operating historical or "instant” racing machines, the other racetracks in the state--The Red Mile, Churchill Downs, Keeneland and Turfway Park—have waited for the courts to decide on the legality of historical racing before considering adding the machines.

It's no secret the owners and management at The Red Mile have been exploring avenues to keep the track alive in today's competitive gambling environment.

"We've been trying very hard to find ways for the institution to be kept not only alive, but improved,” agreed Costa. "I'm very excited, and optimistic, and our board of directors will be meeting soon to discuss the opportunities this presents.”

Click here to read the Supreme Court ruling.—By Kathy Parker

Danville

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Re: Red Mile Sees Court Ruling As Positive Return Home
« Reply #1 on: February 23, 2014, 06:36:08 AM »
As the center of Lexington creeps ever closer to the backstretch at the Red Mile it is difficult to see how track owners can keep the place going much longer.
The expansion of Rupp Arena and the ever growing demand for student housing at UK alone will soon make the land that the Red Mile sits upon just too valuable.
Hope I'm wrong. It's been a great ride for the past 46 years !
You can be pretty sure there is tyranny in the country when the government pleads the fifth
Amendment !!

The Giss

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Re: Red Mile Sees Court Ruling As Positive Return Home
« Reply #2 on: February 25, 2014, 07:00:47 PM »
As the center of Lexington creeps ever closer to the backstretch at the Red Mile it is difficult to see how track owners can keep the place going much longer.
The expansion of Rupp Arena and the ever growing demand for student housing at UK alone will soon make the land that the Red Mile sits upon just too valuable.
Hope I'm wrong. It's been a great ride for the past 46 years !

The track owners have plenty of money. They will need to decide if they want to retain history or make a bit more. They have already developed parts of the property.

 

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