In light of two recent episodes of wagering integrity - or lack of same - it appears the industry has done little since being warned a decade ago that its infrastructure was woefully inadequate.

Bloodstock agent John Moynihan has bought and sold many good horses, seen many top individuals at sales, and witnessed many impressive performances on the racetrack.

Speaking to shareholders May 7 via conference call, Churchill Downs Inc. president and chief executive officer Bob Evans said, "The solution for tracks without slots is to cut purses, to cut races, and race days, or to cut all three."

Trainer Bennie "Chip" Woolley Jr. had a rough start to the year. He crashed his motorcycle in some gravel and broke his leg, and his stable was having a tough time winning races, with one lone maiden winner from 32 starts.