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Tuesday, July 20, 2010 12:00 AM
FLORENCE, Ky. (July 20, 2010) – Robert N. Elliston, president and CEO of Turfway Park, has released the following statement regarding the Kentucky Horse Racing Commission’s decision concerning pari-mutuel wagering on historic races, or "Instant Racing":
"It's no secret that Turfway Park is under stress because we're unable to compete directly with our next-door neighbors who use gaming to fortify their racing and breeders' programs. Our recent decision to cut the historic Kentucky Cup series from our fall schedule is only the latest blow and stands in stark contrast to the consistently positive news from our competitors.
"I therefore appreciate the good news from the Kentucky Horse Racing Commission and applaud their initiative in pursuing an option we are allowed to use in addressing our competition. I also thank Governor Beshear for his continued understanding of the plight of Kentucky's signature industry and his leadership in trying to find workable solutions. While Instant Racing likely may not generate sufficient revenue to put us on equal footing with other states, it could give us a bit of breathing room in the near term."
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