Bill Nader

Although the recently reported purse cuts for the upcoming meets at Golden Gate Fields (25%) and Santa Anita Park (5%) were not on Thursday's official agenda for the monthly California Horse Racing Board (CHRB) meeting, the commission's vice-chairman, Oscar Gonzales, made it clear that the owner of both tracks, 1/ST Racing and Gaming, was going to face some tough questioning on the topic when the CHRB next convenes in January. TDN's Dan Ross had reported Dec. 9 that Golden Gate is overpaid to the horsemen's account by some $3.1 million...

The overnight purses for Golden Gate Fields' final meet are potentially set for a 25% cut due to a longstanding overpayment of the purse account, according to Thoroughbred Owners of California (TOC) president and CEO, Bill Nader. The Bay Area racetrack is scheduled to race from Dec. 26 through June 9, 2024, after which, the facility is set to close permanently. The purse account, said Nader, is overpaid by some $3.1 million. "There's a pretty big overpayment that's been building," said Nader. "They're looking to claw some of it back,...

A panel about racetrack closures in the prime afternoon time slot on the first day of Tuesday's Global Symposium on Racing hosted by the University of Arizona Race Track Industry Program (RTIP) in Tucson had the potential to be a somber and eulogistic affair, but it did yield some interesting back-and-forth when the discussion turned to how the industry might best stem the tide of Thoroughbred venues going dark for good. The topic "Land For Sale. How Will Race Track Closures Impact the Industry's Long-Term Sustainability?" elicited some of the...

The California Horse Racing Board (CHRB) on Thursday approved a calendar that fleshed out the Northern California racing schedule through mid-September 2024. But the initiative still left race-date gaps late in the year that must be addressed both for next season and the future as stakeholders and regulators attempt to realign the circuit in the wake of news that Golden Gate Fields will not be part of the racing landscape beyond next June. Back on July 16, 1/ST Racing, which owns both Santa Anita Park and Golden Gate Fields, announced...

Southern California's racing calendar for 2024 will nearly mirror this year's dates template, with the exception of Del Mar Thoroughbred Club being awarded a fifth week at its fall meet to dovetail with that track's hosting of the Nov. 1-2 Breeders' Cup. But several California Horse Racing Board (CHRB) commissioners who voted in favor of next year's SoCal schedule at the Aug. 17 monthly meeting made it clear those dates allocations were not to be considered a "rubber stamp" approval that couldn't change at some point in the future. That...

Two weeks after an initial company announcement on the closure of Golden Gate Fields at the end of the year, The Stronach Group (TSG) issued details Friday on their plans for consolidating racing operations at its Southern California racing and training facilities, Santa Anita and San Luis Rey Downs. The plan--shared via Zoom during a press briefing lasting about 30 minutes--appeared large on big-ticket promises though short on specifics in other key areas, including the broader industry impacts from the closure of Golden Gate Fields. The following details were divulged...

One day on, the fallout from The Stronach Group's (TSG) announcement that it is closing Golden Gate Fields at the end of the year continues to reverberate around the state's beleaguered platoon of trainers, owners, breeders and other stakeholders. "It's like you're Jimmy Stewart in It's a Wonderful Life, and you're losing your job right before Christmas," said trainer Tim McCanna Monday, while on the road to Del Mar for the track's summer meet. "It just really leaves things up in the air." The reason for the closure of Golden...

The Thoroughbred Owners and Breeders Association is hosting an Owner Clinic on Friday, July 28 in Del Mar, California. Attendees will learn insights on different aspects of Thoroughbred ownership, partnerships, legal aspects, racing office policy & procedures, veterinary perspectives, and more from industry professionals as well as enjoy a day at the races, compliments of the Del Mar Thoroughbred Club. The topics and speakers at the clinic include: • Overview of the California Thoroughbred Industry, presented by Bill Nader (Thoroughbred Owners of California, President & CEO) • Horse Owner or...

Point him at a fork in the road and Matthew Dohman will likely take the one consecrated by Robert Frost. When he founded his mortgage lending company, he did so in the middle of the global financial meltdown when homebuying was as popular as volcano surfing. When he purchased his first horses at the sales, he eschewed sage counsel from agent and trainer and picked 'em largely himself. Didn't do too bad, either. The Cal-bred Guy Code, who he snagged for $63,000, ended up winning nearly a quarter-million. And when...

Last month, a lengthy Financial Times feature detailed the growing share of overall handle generated through Computer Assisted Wagering (CAW)--both in California and nationwide. CAW players are a small group of high-volume and largely anonymous gamblers with an outsized impact on the betting markets due in no small part to the sophisticated wagering tools at their disposal. Because of their high stakes play, they're offered inducements in the form of rebates and reduced takeout rates largely not available to the average punter. CAW proponents argue that these deep-pocketed players provide...

The California Horse Power Coalition (CHPC), a growing partnership of Thoroughbred associations, will commit to fund the California breakout report as part of the American Horse Council's California Economic Impact Study, the organization said in a release Thursday. "The American Horse Council consistently produces the most comprehensive national economic impact studies that showcase the vast benefits that the equine industry brings to communities across the country," said Josh Rubinstein, President of Del Mar Thoroughbred Club, an American Horse Council member. "As our industry continues to evolve, we are confident that...

The main takeaway from last year's California purse and handle numbers is one of stasis, with no significant movement in any one direction compared to 2021. A roughly 2.5% increase in the number of California races run in 2022 over 2021 is framed against a half-percentage point decrease in purses and an even smaller fraction of a percentage decrease in all-source handle. "It was like holding serve in 2022," said Bill Nader, newly minted president and chief executive officer of the Thoroughbred Owners of California (TOC), which once again put...