NEWS
By From Sun staff and news services | May 28, 2009
College basketball Report: Memphis responding to alleged NCAA violations The University of Memphis is responding to an NCAA notice of allegations accusing the men's basketball program of major violations during the 2007-08 season under John Calipari, a newspaper reported Wednesday. The allegations include "knowing fraudulence or misconduct" on an SAT exam by a player on that season's team, which finished runner-up in the NCAA tournament, The Commercial Appeal reported on its Web site.
NEWS
By Sandra McKee | June 11, 2008
Wagering on Pimlico Race Course races fell 16.5 percent this spring from last year, a steep drop that one racing official called "unique." "A decline of this size is unique compared to other regions and points to the competitive influences playing out in the Mid-Atlantic," Keith Chamblin, National Thoroughbred Racing Association vice president, said from his New York office. "About one-third of Pimlico's wagering decline was directly attributable to business declines on Preakness Day. The remaining decline is likely due to a combination of factors."
NEWS
By Glenn Graham | April 18, 2008
While a picture-perfect afternoon greeted an announced 5,253 on the opening day of the 2008 Pimlico spring meeting yesterday - 600 more than last year's opener - the climate wasn't nearly as friendly for the recently concluded winter meet at Laurel Park. Total wagering at Laurel this winter was down 17.3 percent from last year, dropping from $3.56 million per day to $2.943 million, according to figures released yesterday. Dropping from 71 dates in 2007 to 59 this year, all-sources handle totaled $219.
NEWS
By Bill Ordine | October 14, 2007
With their team at 3-2 in the AFC North, Ravens fans have reason to be hopeful, if not overly confident, that the playoffs are still very much within reach. However, the Ravens' performance as measured in a slightly different way might portend more trouble than the team's won-lost record would indicate. Against the point spread - the odds that are set each week to determine by how many points one team needs to beat another for wagering purposes - the Ravens are 0-5. Only two other teams, the Denver Broncos and New Orleans Saints, are winless against the oddsmakers' line this season.
NEWS
By John Eisenberg | May 19, 2007
Maryland horse racing produces its share of depressing headlines as the political stalemate over slots continues, the future of the Preakness Stakes is debated, and more of the state's breeders and horsemen contemplate leaving. But there is a positive development amid the negativity, and it is on display today at Pimlico Race Course: The Preakness is booming like never before. The Maryland Jockey Club, which oversees the state's racing franchise, might struggle the rest of the year, but it excels on the third Saturday in May. "They do a hell of a job here.
NEWS
By Kent Baker | January 5, 2007
Aided by a record attendance at the Preakness and strong export numbers, total wagering improved last year for the tracks operated by the Maryland Jockey Club. All-sources handle totaled $960.2 million, an increase of more than $64 million (or 7.2 percent) over 2005 figures, and the average daily handle from all sources rose more than 15 percent to $4.1 million despite 11 fewer days of live racing at Pimlico Race Course and Laurel Park. Lou Raffetto, president and chief operating officer of the Maryland Jockey Club, found the results "encouraging.
NEWS
By BILL ORDINE | May 15, 2006
Horse racing's problem is obvious: a decades-long slump in attendance and wagering at the track. Horse racing's solution might be less obvious: Get people to stay home -- and bet. In a seemingly paradoxical and counterintuitive turn, online technology, which would appear to discourage going to the races, is being viewed as a potential life-saver for a sport on life support. "Over the 25 years I've been in this industry, not one day has gone by when I haven't heard people complaining that our customer base is getting older and we can't attract young people," said Joseph A. De Francis, chief executive officer of the Maryland Jockey Club and executive vice president for operations of interactive betting channels for parent Magna Entertainment Corp.
NEWS
By BILL ORDINE | May 2, 2006
Magna Entertainment Corp., the publicly held Canadian company that owns Laurel Park, Pimlico Race Course and the Preakness Stakes, reported a first-quarter profit of more than $2.2 million, worth 2 cents a share. Last year for the same period, Magna Entertainment lost 4 cents a share, with the results restated to exclude performance of discontinued operations. Company chairman and interim CEO Frank Stronach said that it was Magna Entertainment's first quarter with net income since the first quarter of 2004 and that it marked the third consecutive quarterly improvement over the previous year's comparative period.
NEWS
January 6, 2006
Despite a year of turmoil over slots issues and racing dates, wagering at Pimlico Race Course and Laurel Park increased in 2005, according to figures released by the Maryland Jockey Club yesterday. Fueled by a record-setting Preakness, a new turf course at Laurel and two stakes-heavy cards on the Laurel fall calendar, the total handle climbed from $868.1 million in 2004 to $896.1 million in 2005. The daily average handle increased by nearly 4 percent to $3.54 million. And wagering during the Laurel fall meeting was up nearly 30 percent, while export numbers were up more than 60 percent from the previous autumn.
NEWS
By BILL ORDINE | November 3, 2005
New York Yankees superstar Alex Rodriguez's apparent recent foray to a Manhattan poker den is hardly the first time a sports celebrity has publicly rubbed shoulders with gamblers, but he can thank changing mores for the relatively mild reaction the affair has gotten from baseball's overlords. Rodriguez reportedly was spotted in one of New York's underground poker clubs with card pro Phil Hellmuth in September. In New York, even if such a poker room is being operated illegally, it is not illegal to play in one. Still, when the A-Rod/Hellmuth sighting hit the New York papers last month, the Yankees front office's response reportedly was to suggest to the third baseman that he should re-examine his off-field pursuits - but there were no sanctions.