Getty Images

NBC to broadcast the $16 million Pegasus World Cup Invitational in January 2019

Leave a comment

The Stronach Group Adds $7 Million Grade 1 Turf Stakes to Race Day Festivities

2018 Breeders’ Cup Classic Winner Accelerate to Run in 2019 Pegasus World Cup Invitational

NBC’s Live Coverage of the Pegasus World Cup Championship Invitational Series will be streamed on NBCSports.com & the NBC Sports app

STAMFORD, Conn. – Nov. 8, 2018 – NBC Sports Group has reached an agreement with The Stronach Group for exclusive United States media rights to the third annual running of the Pegasus World Cup Invitational on January 26, 2019 from The Stronach Group’s Gulfstream Park in Hallandale Beach, Florida. Among the entries for the 2019 running of the Pegasus World Cup Invitational is 2018 Breeders’ Cup Classic winner Accelerate.

Building on the success of 2017 and 2018, The Stronach Group has expanded the 2019 event for both horse owners and fans by turning the $16 million Pegasus World Cup Invitational into a championship series.  The Pegasus World Cup Championship Invitational Series will include the $9 million Pegasus World Cup Invitational (G1), to be contested on the dirt at 1 1/8 miles offering $4 million for the winner of the 12-horse field and the $7 million Pegasus World Cup Turf Invitational (G1), to be run on the turf at 1 3/16 mile. The Pegasus World Cup Turf Invitational will replace the Gulfstream Park Turf Handicap and aims to attract and showcase 12 of the best turf horses from around the world as they compete for a $3 million first place prize.

NBC will air a live 90-minute program featuring both the Pegasus World Cup Invitational and the Pegasus World Cup Turf Invitational. The broadcast will also showcase the Pegasus “blue” carpet, celebrity and live entertainment event elements from Gulfstream Park at 4:30 p.m. ET on Saturday, January 26, 2019. All coverage will be streamed live on NBCSports.com and the NBC Sports app – NBC Sports Group’s live streaming product for mobile devices, tablets, and connected TVs.

“The Stronach Group is thrilled to once again partner with NBC Sports to bring the Pegasus World Cup Championship Invitational Series to life,” said Belinda Stronach, Chairman and President, The Stronach Group. “Our live broadcast and streaming partnership with NBC Sports reflects our company’s commitment to collaborating with top tier partners to showcase the entertainment and excitement of this world-class Thoroughbred horse racing event.”

“We are excited to partner with The Stronach Group to kick off our 2019 horse racing coverage with North America’s richest race,” said Jon Miller, President of Programming for NBC Sports Group. “For the past two years, the Pegasus World Cup has thrilled viewers, and we’re honored to continue to present it to horse racing fans nationwide.”

Past winners of the Pegasus World Cup Invitational include Arrogate, the 2016 Eclipse Award Winning Champion Three Year Old Male and the top earning Thoroughbred of all time, and 2017 Horse of the Year, Gun Runner.  On the heels of an exciting Breeders’ Cup Classic win with Accelerate, trainer John Sadler’s next stop will be the Pegasus World Cup Championship Invitational Series where he has committed to spots on the dirt, with Accelerate, and on the turf.

In addition, The Stronach Group will offer a $1 million bonus to the owner who wins both the Pegasus World Cup Invitational and the Pegasus World Cup Turf Invitational and will be introducing a new race day wager, the Pegasus Pick 24.  The Pegasus Pick 24 will provide fans with the chance to bet on the exact finish order for both the Pegasus World Cup Invitational and the Pegasus World Cup Turf Invitational. A $5 million bonus awaits the lucky fan that hits on the Pegasus Pick 24.

Follow all of the excitement of the 2019 Pegasus World Cup on Facebook, Instagram and Twitter @PegasusWorldCup #PegasusWorldCup #RunWithUs.

NBC SPORTS GROUP AND HORSE RACING: In addition to the Pegasus World Cup Invitational, NBC Sports Group is the exclusive home to the most important and prestigious events in horse racing, including the Triple Crown and the Breeders’ Cup. Also in 2018, NBC Sports Group televised the Royal Ascot and the Epsom Derby. NBC has been the exclusive home of the Kentucky Derby and the Preakness Stakes since 2001, and the Belmont Stakes since 2011, when NBC Sports Group reassembled the Triple Crown.

 

THE STRONACH GROUP: The Stronach Group (TSG) is a world-class technology, entertainment and real estate development company with Thoroughbred racing and pari-mutuel wagering at the core. TSG encompasses five distinct business areas that are inter-related and supportive of each other, enabling TSG to be the most dominant player in the Thoroughbred horse racing industry in the United States, with business relations around the globe. TSG business areas include Technology, Entertainment, Racing, Real Estate Development and Agriculture. TSG is dedicated to delivering the best in class Thoroughbred racing content and operations. The company holds some of the greatest brands in the industry, including Southern California’s Santa Anita Park, “The Great Race Place”; South Florida’s Gulfstream Park, home to the US $16 million Pegasus World Cup Championship Invitational Series and retail destination, The Village at Gulfstream Park; Pimlico Race Course, home of the legendary Preakness Stakes, Laurel Park and Rosecroft Raceway in Maryland; Oregon’s Portland Meadows; and the San Francisco Bay Area’s, Golden Gate Fields. TSG is a leader in digital and mobile wagering technology through its subsidiaries AmTote and Xpressbet and is a major distributor of horse racing content to a global audience through Monarch Content Management. Please visit www.stronachgroup.com for more information

–NBC SPORTS GROUP–

 

For more on NBC Sports Group please contact:

Dan Masonson

Dan.Masonson@NBCUni.com

 

For more information on The Pegasus World Cup Invitational or The Stronach Group please contact:

Tiffani Steer, Vice President, Communications and Events, The Stronach Group

tiffani.steer@stronachgroup.com

New England’s last thoroughbred horse track winds down

Getty Images
Leave a comment

BOSTON — New England’s last thoroughbred horse track, Boston’s Suffolk Downs, is hosting its final live races this weekend, but it’s not clear what comes next for the industry, which continues to receive millions of dollars in casino tax subsidies.

Sterling Suffolk Racecourse, the company that operates the once grand, 84-year old track, has been running a handful of summertime races since losing out on its bid to build a resort casino on the property in 2014.

Two years ago, it sold the property – where the Depression-era champion Seabiscuit was discovered by the team that launched him into the limelight – to a real estate developer that plans to build apartments, condominiums and offices on the 161-acre property straddling Boston and Revere.

But Sterling Suffolk still wants to remain in the racing business and is betting on legislative approval this year to make that happen.

The company has proposed restoring the Great Barrington Fairgrounds near the New York state line while keeping its more lucrative simulcast and online betting operations in the Boston area. Current regulations don’t allow for a state-licensed race operator to split its operations this way.

The company is also seeking permission to tap into a special state fund for the horse racing industry in order to make improvements at the track. It also wants to extend the length of its racing license from one year to 10 years.

The Race Horse Development Fund is funded by gambling revenues from the state’s three casinos – Encore Boston Harbor, MGM Springfield and Plainridge Park. But under state regulations, the money must be dedicated largely to horse racing purses and benefits for industry workers. Capital projects like improving a racetrack aren’t permitted uses.

“It doesn’t do the horsemen any good if there’s money building up in that fund and they don’t have any place to run and compete for it,” Chip Tuttle, chief operating officer for Sterling Suffolk, said Friday.

Restoring the Great Barrington track would cost up to $15 million and require extending the length of the half-mile track, as well as renovating the grandstand, he said. The track, which hasn’t hosted horse races since 1998, could be ready by next fall.

“Great Barrington works because it’s a more reasonable option than starting from scratch,” Tuttle said. “But it’s not really practical for us to take on the complete refurbishment of that property unless we have a longer term license and the certainty that comes with it.”

At least one industry group opposes the idea.

The Massachusetts Thoroughbred Horsemen’s Association backs a separate bill that would require licensed racing operators host at least 60 race days a year. Sterling Suffolk’s bill would require at least one race day annually and Tuttle said the company only envisions hosting a handful of race days initially at Great Barrington.

“Not until we get a full time track will we see the benefits of the horse racing industry in terms of horse breeding, farms, agriculture and open space,” said Bill Lagorio, the organization’s president. “Folks are raising horses in New York and running them in Massachusetts for a few weeks. That’s not doing anything for this state.”

Tuttle says Lagorio’s group is an “outlier” and does not represent the majority of the region’s horse owners and breeders.

Two other industry groups – New England Horsemen’s Benevolent and Protective Association and the Massachusetts Thoroughbred Breeders’ Association – support the proposal, he noted.

The competing proposals and other bills related to the horse racing industry are being considered at a Statehouse hearing Monday.

In the meantime, casino revenues continue to accrue in the Race Horse Development Fund.

To date, nearly $56 million has been paid out — $21 million to the thoroughbred industry and another $34 million to the separate harness racing industry, according to Massachusetts Gaming Commission data.

The harness racing industry continues to run regular races at Plainridge Park’s track and has steadily spent down most of its funding. But the thoroughbred industry, which has long been anchored at Suffolk Downs, has nearly $13 million in its coffers, and growing.

Breeders’ Cup to stay at Santa Anita this year

1 Comment

LOS ANGELES — The Breeders’ Cup world championships will remain at Santa Anita this fall after 30 horses died during the Southern California track’s recent meet.

The Breeders’ Cup board of directors unanimously decided to keep the two-day event at the track in Arcadia for a record 10th time on Nov. 1-2. The board made its decision at a meeting Thursday in Lexington, Kentucky.

Craig Fravel, president and CEO of the Breeders’ Cup, says the ownership of Santa Anita along with other groups has made “meaningful and effective reforms” in recent months to improve safety. He says the Breeders’ Cup embraces those reforms and will devote time and energy in the coming months to further those efforts.

The 30 horse deaths occurred during Santa Anita’s winter-spring meet that began Dec. 26 and ended Sunday.