Stronach Group

Starting the day after its Dec. 26 season opener, Santa Anita Park will drop its lowest-level claiming prices to $8,000 for maidens and $5,000 for other horses. The downward class-level moves, along with the possibility that Southern California's main meet could add additional dates and/or races to its upcoming six-month season that runs through June 15, are part of a negotiated effort to "give more opportunities for horses that have historically raced in Northern California," according to a license application amendment request by Santa Anita. The California Horse Racing Board...

Bill Knauf, a long-time executive at Monmouth Park, has been named the president and general manager of the non-profit entity the Maryland Jockey Club Inc. that is set to take control of Maryland's two major Thoroughbred tracks starting Jan. 1. The announcement of his hiring was made by the Maryland Thoroughbred Racetrack Authority (MTRA), a non-profit group modeled after the New York Racing Association, which operates racing at Aqueduct, Belmont and Saratoga. The Maryland tracks were transferred to the MTRA by The Stronach Group, which donated them to the state...

The traditional $2 Pick Six and a diverse set of wagers highlight the betting menu on offer for Santa Anita's 90th year, which begins with the Classic Meet on Thursday, Dec. 26, 1/ST Racing & Gaming said in a press release on Friday. Santa Anita made several changes to its wagering menu including raising the minimum bet for the Pick Six and adding what they describe as low-takeout wagers prior to the most recent Santa Anita Autumn Meet. Each will remain in place for both the Classic Meet, which ends...

Golden State Racing launched Saturday its inaugural 26-day Thoroughbred meet at Pleasanton. But punters hoping to wager on its product through two popular ADW platforms are currently shut out--a scenario stemming from a disagreement over the fees that form a key part of a track's purses and revenues. Currently, neither The Stronach Group's (TSG) ADW platform Xpressbet nor the New York Racing Association's NYRA Bets include Pleasanton in their racing menus. Similarly, Elite Turf Club players are also unable to play on the Pleasanton product. Owned by TSG and NYRA,...

Horseplayers will find a revised wagering menu for this year's 16-day Santa Anita Autumn Meet, which opens Friday, Sept. 27, 1/ST Racing said in a press release on Wednesday. The Pick Six is now has a $2 minimum after previously being a $1 base wager, but will continue to pay out 70 percent of each day's pool to tickets that have all six winners with the remaining 30 percent going to consolation payouts. If there are no tickets with six winners, 70 percent of the pool will carryover to the...

Operations have ceased at Pimlico Race Course as of Saturday, August 31, in order to allow the construction of the new Pimlico under the Maryland Thoroughbred Racetrack Operating Authority. Saturday, Maryland Jockey Club Acting president and General Manager Mike Rogers issued a statement marking the event. "On July 1, 2024, ownership of Pimlico Race Course was officially transferred from The Stronach Group to the State of Maryland as part of the plan to secure the Preakness Stakes's continued presence in Baltimore and establish Pimlico as the permanent hub for year-round...

Craig Fravel, who served as the executive vice chair for The Stronach Group's 1/ST Racing, is leaving the company and becoming a partner and senior advisor with Southern California-based Brown Advisory, the global, private and independent investment management firm said in a release early Thursday. Beginning in late 2019, Fravel was hired to lead 1/ST Racing as its chief executive during the equine fatality crisis at Santa Anita. His tenure also included presiding over the sale of Pimlico Race Course and the closing of Golden Gate Fields. Prior to that,...

Eclipse Award-winning owner/breeder and founder of The Stronach Group Frank Stronach was arrested Friday and charged with mulitple criminal offenses according to a press release by the Peel Regional Police in Ontario, Canada. The 91-year-old Stronach has, according to the release, been charged with committing five crimes including rape, indecent assault on a female, sexual assault and forcible confinement and has been released on conditions to appear at the Ontario Court of Justice in Brampton at a later date. The release also notes that the assaults "spanned from the 1980's...

According to an article written by Pamela Wood of The Balitmore Banner on Wednesday, Apr. 3, Churchill Downs Inc. has made an "overture" to buy Pimlico, the Home of the Preakness Stakes. The report says the information comes from two unnamed sources in the Maryland state capital familiar with the negotiations. Wood writes that one of the sources said Churchill has been lobbying to derail a bill in the state legislature that's necessary for the state ownership deal to go through. The article says that representatives of Churchill Downs did...

The way California Horse Racing Board (CHRB) chair Greg Ferraro describes it, the now infamous letter in which 1/ST Racing and Gaming appeared to threaten the sale of Santa Anita should the board grant the North its desired 2024 race dates was "a very big mistake" on their part--one that helped sway the board's unanimous decision to side with interests in the Northern half of the state. "It really put a bad taste in the mouths of board members," Ferraro said. Beforehand, Ferraro had anticipated punting a decision on the...

by Walter Toner Rainy afternoon on Cape Cod and I had a few minutes to kill, so flipped the channel to TVG for a quick flutter. I selected the filly Just Like Magic, approaching the gate at 7-5 as the recipient of a $10 win wager in the 3rd race Oaklawn (3/28). She charged up the rail and won. Final odds were 3-5. WTF. Sorry for the crudeness. Racing will never engage the next generation of punters with 15-27% takeout and NO fixed odds, when they can bet on sports...

Ahead of a critical California Horse Racing Board (CHRB) meeting Thursday to decide essentially whether or not to give Northern California stakeholders a fighting chance to build a circuit in the void left by the imminent closure of Golden Gate Fields, 1/ST Racing and Gaming set out their stall Tuesday in a letter to the regulator urging them to decline race dates to the North. In a proposal to the state regulator, the California Association of Racing Fairs (CARF) outlined a 10-week meeting this year that would run from Oct....