Mike Jester’s Penn Ridge Farms raises the bar in Pennsylvania
New stallion operation built on 120 acres near Harrisburg “provides a tangible sign that slots revenue brings results.” Story by Joe Clancy. Page 22

Big picture contains some bright spots along with many gray areas
American Horse Council president Jay Hickey discusses issues of national concern to the Thoroughbred racing industry from positive tax law changes to the searing issue of unwanted horses.
Interview by Lucy Acton. Page 28

December Mixed sale fares relatively well under harsh market conditions
A 12.3 percent drop in average was better than some had feared for Fasig-Tipton Midlantic auction held December 8 at Timonium.
Page 38

Newsmaker
Trainer Amy Tarrant defies stereotypes.
Story by Ryan Goldberg. Page 74