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    Greyhound Racing FIVE YEAR AGREEMENTS
    Posted byadmin on Friday, January 20 @ 13:46:24 EST
    Contributed by admin

    The IGA has reached a five year deal with both the DUBUQUE RACING ASSOCIATION (DRA) and BLUFFS RUN CASINO (BR), for added money purses.

    Dubuque synopsis:

    The total casino purse supplement paid by DRA during 2006 racing season shall be $200,000 more than the total purse supplement paid from DRA's win in 2005.

    The total casino purse supplement paid by DRA during 2007 racing season shall be $125,000 more than the total purse supplement paid from DRA's win in 2006.

    The total casino purse supplement paid by DRA during 2008 racing season shall be $125,000 more than the total purse supplement paid from DRA's win in 2007.

    The total casino purse supplement paid by DRA during 2009 racing season shall be $125,000 more than the total purse supplement paid from DRA's win in 2008.

    The total casino purse supplement paid by DRA during 2010 racing season shall be $100,000 more than the total purse supplement paid from DRA's win in 2009.

    The DRA shall also add 4.5% of live handle and 27% of thr DRA take out on simulcast.

    The DRA shall also fund stakes races as follows:
    Dubuque Inagural $2,000
    Maiden Debut $2,000
    Memorial Sprint $2,000
    King & Queen Sprint $45,000
    Dubuque Classic $55,000
    Future Star Event $45,000
    Iowa Bred Consolation Race $20,000
    Secretary's Choice $2,000
    Au Revoir $2,000


    Iowa Bred Classic (2006) $215,000

    IBC (2007) $230,000

    IBC (2008) $245,000

    IBC (2009) $260,000

    IBC (2010) $260,000

    There are alot of other thing , but these are the highlights.

    Bluffs synopsis:

    In addition to the current percentages of revenue generated from pari-mutual sources, purses will be supplemented as follows: In 2006 the total purse supplement payable by BR shall be $8,679,407.98. In calender years 2007, 2008, and 2009 the purse supplement shall be as follows:

    2007 shall be $8,929,407.98.

    2008 shall be $9,179,407.98,

    2009 shall be $9,429,407.98.

    In 2010 the purse supplement will be the same as 2009.

    The IBC in 2006 will be $425,000, 2007 will be $450.000, 2008 will be 475,000 . 2009 will be $500,000 and 2010 will be $500,000.

    Additionally, five $60,000 stakes races will be run each year.

    That is basically the agreements. Any Questions? Be at the IGA meeting this Saturday in Ames. There will be complete copies of both agreements and our attorneys will be there to answer any questions.

    STARLITE QUALITY INN
    THIS SATURDAY January 21st
    11AM.

    SEE YA THERE!!


    Associated Topics

    Greyhound Racing

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