Kevin Gorg ‘Excited To Be Back’ At Canterbury As Racing Analyst

Kevin Gorg will return to Canterbury Park as racing analyst for the 2022 horse racing season.

Gorg held the same position at the Shakopee, Minn. racetrack from 2000 through 2010 before leaving to pursue a broadcasting career with Fox Sports North, now Bally Sports North, covering the Minnesota Wild professional hockey team. He will continue his work with Bally Sports North in addition to his duties at Canterbury where he joins the existing broadcast team of track announcer Paul Allen and analyst Angela Hermann.

Gorg replaces Brian Arrigoni who is now analyst at Horseshoe Indianapolis racetrack.

Gorg, ever present on the local sports scene, will make race selections and provide suggested wagers to the public for each race, host the prerace show, and use his experience in live television in various ways to enhance Canterbury's four hour broadcast each race day. Canterbury's live season runs May 18 through Sept. 17 with racing on Wednesdays, Thursdays, Saturdays and Sundays.

“I'm excited to be back at Canterbury Park and involved in the broadcast presentation,” Gorg said. “It is the perfect marriage of my two favorite sports as I will work hockey with Bally Sports North in the winter and horse racing at Canterbury in the summer.”

Gorg, a Burnsville, Minn. native and graduate of the University of St. Thomas, discovered horse racing in the 1980s when Canterbury first opened.

Although he left the analyst position in 2010 to cover hockey, he remained involved in racing at Canterbury as a backup race caller, a role he will retain, and purveyor of Gorg's Power Play Tip Sheet.

More information is available at canterburypark.com and canterburylive.com.

The post Kevin Gorg ‘Excited To Be Back’ At Canterbury As Racing Analyst appeared first on Horse Racing News | Paulick Report.

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Letter to the Editor: Joseph S. Bertino, Jr., PharmD, FCP, FCCP

I am writing to try to clear up some of the confusion concerning the science around betamethasone as it pertains to its use in racehorses. I am a (human) clinical pharmacologist and the Editor-in-Chief of the Journal of Clinical Pharmacology.

Why are there different forms (salts) of betamethasone (in this case acetate and valerate)?

Many drugs do not dissolve well in water, so other molecules are added to them so that they can dissolve in water in order to make useful dosage forms. Sometimes these other molecules are added to the drug to make them last longer in the animal when injected into something like a joint, that is, dissolve very slowly (think of a slow-release drug). Often, the betamethasone used to inject into a joint has two forms, one that is already dissolved to act sooner and one that remains in the joint and delivers [the] drug more slowly. For use on the skin, betamethasone valerate is used and can be absorbed into the animal. Betamethasone from any of these salts is the same in the animal's body; it's a potent drug used to reduce inflammation and pain and its effect is long lasting in any form.

What happens to these other molecules added to betamethasone?

The body removes these extra molecules added leaving the main drug (in this case betamethasone) to do its work. For betamethasone valerate in an ointment, some of it will be absorbed and the amount depends on the integrity of the area it is being applied to. The valerate added to betamethasone would be found in the urine along with some betamethasone valerate. For betamethasone acetate, the acetate is removed and used in the body to make other things so finding it in the urine would be quite unusual.

How does a drug like betamethasone work to reduce inflammation and pain?

Inflammation occurs due to the animal's immune system working and its reaction to an injury. The drug acts to calm down the immune system to produce its effect. Betamethasone in any salt form does not work immediately when injected in a vein, a joint, or applied as an ointment. This effect takes time to occur (at least a few hours after the animal gets the drug). Even when the drug is completely gone from the body, the effect remains for some time (hours or days) because it takes the immune system time to gear back up (and hopefully the injury is healed). So that means even if small amounts or no drug is found in the blood, the effect on inflammation and pain lingers after a dose.

Do we know the relationship of the amount found in the blood and the drugs' effect on reducing inflammation and pain?

Absolutely not, we do not know how much drug in the blood is needed to get the effect to reduce inflammation and pain. Measurement of the drug in blood is not a good indicator of the dose of the drug used or when the drug was given; it simply tells us that the animal has received the drug. This is the reason that there is such a long time between injection of the drug into a joint and when a horse can race “clean” as set up in the rules of a racing commission.

What can measurement of drug in the blood tell us?

Measurement of drug in blood can tell us how much total drug can be found in the blood of the horse but not how much total drug is in the body of the horse. For Medina Spirit, a measurement of 21 pg/mL in the blood was found the day he won the 2021 Kentucky Derby. The average blood volume of a horse is 54.5 liters (54,500 mL or 12.3 gallons). So, if you multiply 21 pg/mL x 54,500mL of blood, you get 1.14 micrograms total in the blood. The usual dose injected into a joint in a horse is 9 mg (9,000 micrograms), and since the betamethasone acetate used is designed to dissolve slowly, we would suspect that there could be more drug remaining in the joint than what is reflected in the blood.

So, what does this all mean? 

Well first, betamethasone is betamethasone, it doesn't matter how it got into an animal (injection, ointment, etc.), it is active in reducing inflammation and pain. Next, finding low amounts of the drug in the blood does not tell us when the drug was last given. It does tell us that an exposure has occurred and may be ongoing. Since the drug effect is long lasting (and lasts even after the drug concentration is low or no longer measurable in the blood), a significant effect on inflammation and pain may still be occurring. Finding betamethasone valerate in the urine is not unexpected when betamethasone valerate is used as an ointment [as] some is absorbed. When using betamethasone acetate injection, finding no acetate in the urine is expected because the body uses the acetate that is shaved off the betamethasone to make other things.

The post Letter to the Editor: Joseph S. Bertino, Jr., PharmD, FCP, FCCP appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

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UAE Derby Runner-Up Among Seven Late Triple Crown Nominees

Michael Hilary and Negar Burke's $1 million UAE Derby (Grade 2) runner-up Summer Is Tomorrow was among seven 3-year-olds that were made eligible to compete in the 2022 Triple Crown with a late $6,000 late nomination payment that was due Monday.

With seven nominees during the Jan. 30-March 28 late nomination phase (pending late mail), there are now 321 horses eligible to compete in the Triple Crown's three race series.

The Triple Crown opens Saturday, May 7 for the 148th running of the $3 million Kentucky Derby presented by Woodford Reserve (G1), run at 1 ¼ miles at Churchill Downs. The 147th running of the $1.25 million Preakness (G1), its 1 3/16-mile second jewel, is set for Saturday, May 21 at Pimlico Race Course. The 154th running of the $1.25 million Belmont Stakes (G1), the final leg run at 1 ½ miles, is Saturday, June 11 at Belmont Park.

Other late Triple Crown nominees:

  • Vladimir Kazakov's UAE 2000 Guineas winner Azure Coast;
  • B4 Farms' Sunland Derby (G3) runner-up Bye Bye Bobby;
  • OGMA Investments and Jack Towell Jr's Fountain of Youth (G2) third-place finisher O Captain;
  • JR Sanchez Racing Stable's Private Term Stakes winner Shake Em Loose;
  • Daniel Alonso's recent allowance winner Skippylongstocking; and
  • Boat Racing, Fritz Brothers Racing and Bill Strauss' maiden winner Win the Day.

Any horse not nominated during the early or late phases can become Triple Crown eligible through a supplemental nomination payment due at the time of entry for each Triple Crown race: Kentucky Derby ($200,000), Preakness ($150,000), and Belmont ($50,000).

The post UAE Derby Runner-Up Among Seven Late Triple Crown Nominees appeared first on Horse Racing News | Paulick Report.

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NTRA: Equine Tax Tips Courtesy Of Advisors At Dean Dorton

Tax Day is right around the corner. As you work hard to get everything filed by April 18th, NTRA's equine tax experts have some tips for you this tax season!

This information was created and provided by NTRA's Tax Advisors at Dean Dorton.

DEPRECIATION REMINDERS

  • 100 percent bonus depreciation is available on purchases of qualifying assets that were placed in service during 2021 and 2022. Examples of qualifying assets may include yearlings, racehorses, breeding stock, equipment, fencing, land improvements and barns. Bonus depreciation is most commonly used by industry participants since it is not limited to taxable income and may be used to create or increase a tax loss.
  • Yearlings may use the 3-year depreciation life through 2021.
  • NEW farm equipment may use 5-year (versus 7-year) life.

DEDUCTIONS

  • Meals purchased at restaurants (including racetracks and at the sales) are 100% deductible in 2021 and 2022. These are normally only 50% deductible for tax purposes.
  • Cash donated by individuals to public operating charities during 2021 may be eligible to offset up to 100% of adjusted gross income. This limitation returns to 60% in 2022.
  • For profitable businesses owned by individuals, there may be a 20% qualified business deduction available.

OTHER ITEMS OF CAUTION

Excise Business Loan Loss –

The excess business loss limitation returns for individuals, trusts and estates in 2021 and remains through 2026 under current law. This limits the 2021 net business loss to ($262,000) or ($524,000) if filing a joint return. The excess above this limitation is treated as a net operating loss (NOL) carryforward available to offset taxable income in future years, subject to the regular NOL carryforward rules.

Hobby Loss Rules –

Attention should be paid to the hobby loss rules, which require that gross revenues be included in taxable income with no offset for any of the related expenses if an activity is treated as a hobby. The 100% bonus depreciation accelerates tax losses and tax losses sustained over a period of time may cause an IRS audit. Industry participants should employ good business practices and document the steps being taken to make a profit.

Other Transactions –

There are some additional reporting requirements for individuals who participate in virtual currency transactions (including using the virtual currency to purchase goods or services or accepting virtual currency for goods or services), for partnerships to report gross revenues and expenses for foreign tax credit purposes (even if the partnership does not have any foreign activity), and some basis reporting forms for S corporation shareholders who report losses.

COVID-19 RELATED ECONOMIC STIMULUS PROGRAMS

  • The Paycheck Protection Program (PPP) ended on 5/31/21. If a PPP loan was forgiven before 2022, the loan forgiveness, which is non-taxable, should be reported on either a 2020 or 2021 tax return. There are also some 2021 additional reporting requirements for S corporations which previously reported the loan forgiveness on a 2020 tax return based on recent guidance issued by the IRS in 2022.
  • Employee Retention Credits concluded as of 10/1/21 for most. Credits for voluntary employer-provided paid sick and family leave for various COVID-19 related reasons expired 9/30/21.
  • For those who deferred the payment of 2020 employer payroll taxes, 50% of these were due by 12/31/21 with the remaining 50% due by 12/31/22.

Note the above are for Federal tax filings only and more information can be found on Dean Dorton's website. Have any questions? The NTRA urges every industry participant with tax concerns to consult with Dean Dorton directly or your tax advisor for information and planning advice applicable to your specific situation.

The post NTRA: Equine Tax Tips Courtesy Of Advisors At Dean Dorton appeared first on Horse Racing News | Paulick Report.

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