192, 384 N.E.2d 152, the Indiana Supreme Court held that pari-mutuel wagering
on horse races was unconstitutional under the lottery prohibition in Article 15, Section 8.
When faced with increased competition in the 1990s as casino-style gaming increased in Mississippi and Louisiana, Oaklawn developed Instant Racing, an exciting new pari-mutuel wagering
concept that was introduced in 2000.
Folding the racetrack and pari-mutuel wagering
business under the real estate arm is aimed at creating access to capital needed for Magna Entertainment operations.
Among many other provisions, the bill approves the addition of "Video Lottery Terminals" (VLT) in approximately 700 pari-mutuel wagering
locations making up the El Comandante Off-Track-Betting (OTB) Agency system.
The effect on the decision to file for bankruptcy of the availability of another gaming alternative, pari-mutuel wagering
, is also examined.
. Legal in 43 states, pari-mutuel gambling consists primarily of horse racing but includes greyhound racing and jai alai.
About 80% of each wager returns to the public -- a typical split is so-called pari-mutuel wagering
, where there's no casino-like betting against the house, just against other gamblers.
Rhode Island profits from dog racing, jai alai, simulcast racing, pari-mutuel wagering
and thousands of video slot machines.
* Class in Gaming - all other forms of gaming to include lotteries, jai alai, pari-mutuel wagering
on horse and dog racing, slot machines, banking card games, and other casino games.
Even the supporters of the trading habit admit that only 20 percent of it has any use at all, meaning that 80 percent of it is nothing more than pari-mutuel wagering
(3) However, the following gaming activities are authorized by law and regulated by the state: pari-mutuel wagering
(4) and licensed greyhound, horse tracks, and jai alai frontons, slot-machine gaming at certain licensed pari-mutuel locations in Miami-Dade and Broward counties, and cardrooms (5) at authorized pari-mutuel facilities.
Also, NewHoldingCo will be the holding company for and the parent of two subsidiaries, EntertainmentCo and Canterbury Development LLC (DevelopmentCo), another recently formed subsidiary of NewHoldingCo; EntertainmentCo will be the surviving business entity in a merger with the company and will become the direct owner of all land, facilities and other assets used in its pari-mutuel wagering
, card casino, concessions and other related businesses (Racetrack Operations); and the company will continue to conduct these businesses as per its current practices and will be subject to direct regulation by the Minnesota Racing Commission (MRC).