Matt Hegarty of the Daily Racing Form reports that Ron Geary, the owner of Ellis Park in western Kentucky, said that the track will close after the 2009 meet and that he will not apply for racing dates next year in light of failed legislation to legalize slot machines at Kentucky racetracks.
Geary, who purchased Ellis three years ago from Churchill Downs Inc. for an undisclosed sum that Churchill characterized as "immaterial" to its financial statements, said that the track will remain closed even if slots legislation is reintroduced next year in the Kentucky legislature. Geary cited competitive pressure from tracks in neighboring Indiana that began operating slot machines this year.
"It's going to get even worse next year," Geary said. "Even if they pass something next year, it would take 16 to 18 months to get any revenues from it."
The Republican-dominated Senate Budget Committee killed the bill Monday on a 10-5 vote that was largely along party lines. The legislation passed the Democrat-led House on Friday, but Republicans had said since the beginning of a special session that began on June 15 that they would not allow slots legislation to pass.
Geary, the chairman and former chief executive of a nursing-home company in Louisville, served in the 1980s as Kentucky's secretary of revenue under Gov. John Y. Brown, a Democrat. In some Democratic circles, Geary has been considered as a potential nominee for governor.
The Kentucky racing industry had mounted an aggressive public-relations campaign over the past three months to drum up support for the legislation, which would have given Kentucky racetracks a monopoly on slot machines in the state. Under the legislation that failed in the Senate, the racing industry would have retained 73 percent of the revenues from slot machines, the highest percentage of any state that has legalized slot machines at casinos.
Ellis was initially slated to run 48 live racing days this year, but Geary requested that 25 dates be cut from the schedule in April, citing expected competition from the Indiana tracks.
RACHEL ALEXANDRA REACHES BELMONT
Preakness-winning filly Rachel Alexandra has arrived at Belmont Park for Saturday's Grade I, $300,000 Mother Goose Stakes for 3-year-old fillies.
Accompanied by assistant trainer Scott Blasi, exercise rider Dominic Terry and four other thoroughbreds, Rachel Alexandra departed Churchill Downs at noon. She arrived at trainer Steve Asmussen's barn on the Belmont Park backstretch by 4:30 p.m.
The daughter of Medaglia d'Oro was bedded down in stall No. 5 " the same stall
previously occupied by two-time Horse of the Year Curlin.
Rachel Alexandra won the Kentucky Oaks by 20 1/4 lengths on May 1, and her
Preakness win against the boys gave her a six-race winning streak. The Mother
Goose will be her first start since the Preakness.
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