Wyoming Signs Live Racing Bill

Wyoming bill to help live track operators with long-term contracts.

March 7, 2012

Wyoming Flag

On Monday, March 5, Wyoming Gov. Matt Mead signed House Bill 36 (Enrolled Act 6) which will allow the Wyoming Pari-mutuel Commission to issue up to a three year license for Live Event and Simulcast Permits.

“We believe this bill is a step towards bringing stability to an industry that a year ago was left for dead” said Eugene Joyce, Managing Partner of Wyoming Horse Racing LLC, who ran the first live race meet in Wyoming in two years at Sweetwater Downs in Rock Springs. “We are grateful to the Legislature and the Governor for their support of the horse racing industry here in Wyoming.”

House Bill 36 was introduced by Representative Sue Wallis (HD 52 Campbell County) and Senator John Schiffer (SD 22 Johnson & Sheridan County). It passed the House of Representatives by a vote of 50–8 with the Senate approving the bill 25-5. The bill was supported by the Wyoming All Breeds Racing Association, the Wyoming Horse Council, as well as Wyoming Horse Racing LLC, the only licensed operator in Wyoming.

The bill, by allowing a multi-year permit, is intended to help the a licensee improve his economic viability by having the ability to negotiate long term vendor contracts with more favorable terms and help in accessing capital markets for additional financing. It is meant to reward a good business operator, if the Wyoming Pari-Mutuel Commission so desires.

Wyoming Horse Racing, LLC is currently operating Off Track Betting sites in Casper, Cheyenne, Evanston, Rock Springs, Riverton and Buffalo. Live racing in 2012 is scheduled for August 18 and 19 and September 1 and 2 at Sweetwater Downs in Rock Springs.