Retama Posts Positive Numbers

Quarter Horse meet shows increases in wagering and attendance.

August 25, 2012

Retama Park

Retama Park continued its positive business trend with impressive increases in attendance and handle for the recently concluded American Quarter Horse meeting. Average daily attendance was up 12.7% while average daily handle increased 7.25% compared to 2011. Wagering was consistently high every live racing night, and simulcast wagering on tracks sending their races to Retama Park was up 31.6% during the live racing period. The positive trend has been evidenced since the beginning of 2012.

“Our simulcast wagering has been a real plus the entire calendar year,” said Retama Park CEO Bryan Brown. “Simulcasting is 80% of the track’s annual business and year-to-date patrons have wagered $30,542,509. The number represents a healthy 7.62% increase over $28,379,453 wagered year to date in 2011.

“We are thrilled about where we are right now,” continued Brown. “The report is great news for the racetrack and for the Texas racing industry.”

“To post these kind of double-digit increases in a struggling economy and with our recent sale to Pinnacle Entertainment, we are very excited as we prepare for the October 5 opening of the 2012 Thoroughbred meet,” said Retama Park Director of Publicity and Marketing Doug Vair. “Pinnacle Entertainment’s purchase of Retama Park, pending Texas Racing Commission approval, bolsters the positive atmosphere.

“We now have the strong financial support of a very successful and well run casino entertainment corporation, our fans are responding with enthusiasm and we are increasing purses for the horsemen as we look to October 5,”” added Vair.

Retama Park Racing Secretary James Leatherman is putting the finishing touches on the Thoroughbred condition book and it shows a daily purse increase from $90,000 per day to $100,000 per day.