Ky. horse industry warns that future is bleak
By Gregory A. Hall
June 27, 2009
LEXINGTON, Ky. — Leaders of the state's horse industry see it clearly: If more gambling isn't allowed at Kentucky racetracks, the state will have fewer horses, fewer races and, eventually, fewer horse farms.
Kentucky's pre-eminence in the equine world is at risk, according to industry officials, trainers and breeders, now that it appears it will be at least two years before an expanded gambling bill gets a chance at passage.
The slide of recent years will worsen, they say, as slots and table games in nearby states start a cycle of more money for higher purses that lure more horses. The trend has already left Kentucky unable to sustain a year-round racing circuit.
"It's a very frustrating thing," said Bill Farish, whose family owns Lane's End Farm near Versailles. "There're clearly people in the legislature that don't care about the industry, and they're just as happy to see it leave." ...