Horse Racing
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LOS ANGELES-- Betfair Hollywood Park will close by year's end and the 75- year-old racetrack property in Inglewood that hosted Seabiscuit and the first Breeders' Cup in 1984 will be developed with new housing and retail by its owner.
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LOS ANGELES-- Betfair Hollywood Park will close by year's end and the 75- year-old racetrack property in Inglewood that hosted Seabiscuit and the first Breeders' Cup in 1984 will be developed with new housing and retail by its owner.
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On the eve of the 139th Kentucky Derby, Brian Shactman talks to Churchill Downs' CEO Robert Evans about racing and revenues.
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International travel usually ranges from $8,000 to $30,000, depending on the number of horses. Yet, some owners do whatever is wanted and needed to get the horse to the race.
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During the recession, prices for Thoroughbreds took a devastating fall, with many predicting that top horse values would never recover to their 2005-2007 highs. But prices have now recovered some lost ground.
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A look at the early favorites to watch in the Kentucky Derby this year, with CNBC's Brian Shactman.
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CNBC's Brian Shactman is at the home of Saturday's Kentucky Derby, where Brown-Forman has cooked up a mint julep with a $1,000 price tag. Tim Laird, Brown-Forman's "Chief Entertaining Officer" makes one for Brian and explains what makes it so expensive.
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This is the eighth year the grand-a-piece drinks are being offered at the Derby by bourbon maker Woodford Reserve.
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The truth is that huge money is everywhere at the Derby: from the $8,000 per ticket new luxury area called the "Mansion," to the $500 hats and $1,000 mint julep.
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CNBC's Robert Frank takes a look at some of the nation's most expensive equestrian estates.
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ASHGABAT, April 29- Turkmen President Kurbanguly Berdymukhamedov has taken his strongman personality cult to a new dimension with headlines in the state-run media trumpeting his victory in a horse race with an $11 million prize.
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Hong Kong is playing host to Asia's highest level of show jumping, the Longines Hong Kong Masters. CNBC's Bernie Lo speaks to the organiser's vice president, Matthieu Gheysen.