Officials in New York are considering pushing back the Sept. 29 deadline for the recommendation by a state panel on which entity should be awarded the franchise now held by the New York Racing Association.
The New York Racing Association is facing the same financial crisis as it did a year ago unless the state opens its wallet with cash advances that have already been approved by the state legislature.
A group vying to take over the New York Racing Association's Thoroughbred franchise has added the state's former top racing regulator and a veteran trainer to its ranks.
Bidders vying for the major Thoroughbred franchise in New York blew their own horns -- and did a bit of not-so-subtle bashing of each other -- before an Aug. 1 who's who of racing industry insiders, including members of a state panel considering the bids to operate Aqueduct, Belmont, and Saratoga racetracks.
Empire Racing Associates has added another potent partner, Woodbine Entertainment Group, to its team vying to take over the franchise to operate Aqueduct, Belmont and Saratoga racetracks.
The surprisingly large influx of campaign contributions from breeders and horse owners in Kentucky, California and elsewhere to the New York gubernatorial campaign of Eliot Spitzer did not come from individuals secretly vying to obtain the New York Racing Association franchise, according to one of the top donors.
Groups and individuals trying to influence the future direction of horse racing in New York have opened their wallets to statewide candidates and campaigns of legislators who will have a role in picking a new owner of the franchise to operate Aqueduct, Belmont, and Saratoga racetracks.
The deadline for bids for the franchise now held by the New York Racing Association has been bumped backed slightly due to the illness of the top staff member overseeing the process.
A who's who of racing industry heavyweights formally notified New York state June 30 of their interest in obtaining the franchise now held by the New York Racing Association to operate Aqueduct, Belmont, and Saratoga racetracks.
The New York Racing Association will include a for-profit partner in its bid to hold onto the state franchise to operate Aqueduct, Belmont, and Saratoga racetracks, NYRA president Charles Hayward said June 26.
A long-simmering dispute between top Republicans in New York over the composition of the state racing and wagering board has been settled with the nomination by Gov. George Pataki of two new members to the racing industry's regulatory panel.
Internet gambling on horse races would become legal under a measure given final approval by the New York State Legislature.
The long-awaited Request For Proposals for the franchise to operate racing at Aqueduct, Belmont and Saratoga was approved for release June 13 by a state government panel, though it appears increasingly unlikely the winning bidder will be selected this year.
The head of the New York panel overseeing the bidding process for a new operator of the state's Thoroughbred racetracks is pushing to release the bidding package this week.
The New York Racing Association has lost a major arbitration case brought by fired pari-mutuel clerks, dozens of whom walked off their jobs a year ago during the Preakness Stakes (gr. I) over a contract dispute.
Jeffrey Tucker, a New York breeder, has been named chairman of the fledgling Empire Racing Associates, a group of horsemen and breeders trying to position itself to be among the holders of a new Thoroughbred racing franchise in New York.
A report by a New York state legislative panel is issuing a warning signal to the state's racing industry to embrace deep, structural reforms or face a continuing erosion of its fan base.
A fledgling group of owners and breeders in New York has launched a new effort to study a variety of issues affecting the safety of Thoroughbred horses, including whether some of the state's racetracks should install alternative racing surfaces.
New York Attorney General Eliot Spitzer, the frontrunner in the New York governor's race, said he wants the franchise to run Thoroughbred racing in the state to be awarded sooner than later, and indicated the decision doesn't have to wait until the next governor takes over in 2007.
The cap on the amount of money available for breeders' awards in New York would be hiked under legislation proposed by the head of the Senate Racing Committee.
The chairman of the state panel overseeing the bidding process for New York's Thoroughbred racing franchise dismissed growing speculation that the complex task of awarding a new franchise holder won't begin in earnest until next year.
The projected costs of the New York Racing Association's video lottery terminal casino keep soaring, and state officials are voicing renewed concerns about the delay in building the new gambling facility at Aqueduct racetrack.
New York racing regulators have approved a plan by the New York Racing Association and Capital District Regional Off-Track Betting Corp. to start players rewards programs for frequent bettors.
After nearly a year of delay, New York racing regulators are due to vote March 28 on a plan by the New York Racing Association to start a players' rewards program for frequent bettors.
New York lawmakers are backing a deal to provide a $5 million loan to the New York Racing Association and provide a $2 million infusion of funds to a Thoroughbred breeding and development fund.
Violators of New York's racing laws would face sharply higher fines under a new bill pending in the state Senate.
New York should permit public and private partnerships to bid on the New York Racing Association franchise, allow bettors to wager via computers, introduce frequent-betting rewards programs at tracks, and approve the merger of the state's off-track betting corporations, according to an ambitious legislative package proposed March 9 by Friends of New York Racing.
A New York state panel approved a deal Tuesday to have the state's obligations owed by the New York Racing Association take a back seat to the $170 million MGM Mirage will be lending to NYRA to build its video lottery terminal casino at Aqueduct racetrack.
A group formed under the name Empire Racing Associates will try to join up with partners to make a bid on the expiring franchise to run Aqueduct, Belmont and Saratoga race tracks.
A deal to provide a $20-million bailout to the New York Racing Association received Senate approval March 1 and heads to Gov. George Pataki for his signature.
New York state could reap at least $2.1 billion if it auctions off video lottery terminal franchises at Aqueduct and Belmont racetracks, sells the tracks now run by the New York Racing Association, and privatizes the six regional off-track betting corporations now scattered around the state.
A state panel overseeing the Thoroughbred racing franchise bidding process in New York could ask potential bidders to reply to three different requests for proposal that will vary depending on the future value of the franchise.
After months of delay, the final members of a panel overseeing the Thoroughbred racetrack franchise process in New York have been named.
Friends of New York Racing, a consortium of industry groups and individuals that has been studying and making recommendations on the future of racing in the state, is being formally disbanded at the end of February.
Magna Entertainment would be interested in partnering with Churchill Downs for New York's potentially lucrative Thoroughbred racetrack franchise, but wants nothing to do with the New York Racing Association, Magna Chairman Frank Stronach said Jan. 24.
The New York Racing Association will have to raise pari-mutuel takeout if it is to obtain a $20-million loan from the state of New York, according to language buried in state budget bills introduced the week of Jan. 16.
New York would add three additional casinos featuring video lottery terminals, which would be permitted to locate near the New York Racing Association's future Aqueduct racino, Gov. George Pataki proposed Jan. 17.
With construction set to start on a video lottery terminal casino at Aqueduct in late January, racetrack, the New York Racing Association is pushing the state of New York to provide an additional $20-million bailout before spring.
A New York state government panel approved a $5-million loan for the New York Racing Association Jan. 9 to keep the association afloat during its 2006 racing season.
The New York state panel involved in the renewal process for a new Thoroughbred racing franchise to replace the New York Racing Association will hold two public hearings later this month to help it carry out its mandate.
New York Governor George Pataki and state officials agreed Dec. 30 to a $30 million bailout plan for the New York Racing Association to help stabilize its finances and keep racing going uninterrupted.
New York Gov. George Pataki is offering $10 million in immediate aid to help keep the ailing New York Racing Association from insolvency, and he pledged to work with legislators on another measure to lend NYRA cash against its future gaming proceeds.
New York's top Republican in the state legislature has called for the creation of a $30-million state fund to help the New York Racing Association overcome its financial crisis while the state speeds up the process to award a new Thoroughbred franchise.
Trainer Todd Pletcher, who recently set a single-season record for earnings, was suspended for 45 days by New York regulators Dec. 15 for a banned substance found in one of his horses that raced a year ago at Saratoga.
New York regulators have altered the state's equine medication rules to bring them more in compliance with other states, but they have refused to join states that permit administration of more race-day drugs.
New York officials need to act quickly to launch a major overhaul of racing laws to help jumpstart the state's $1.4-billion Thoroughbred racing industry, Friends of New York Racing concluded in its year-end report on the status of pari-mutuel horse racing in the state.
A deal is in the works to provide up to $5 million to the cash-starved New York Racing Association from the sale of land near Aqueduct to the Port Authority of New York and New Jersey.
The former chairman of the now-defunct New York State Thoroughbred Capital Investment Fund tapped into the agency's budget to foot expenses for a bed and breakfast and Mexican restaurant he owned, while CIF funds were used to pay for such personal items as overnight mailings to watch repair stores, gasoline and entertainment, New York State Comptroller Alan Hevesi said in an audit released Dec. 5.
The former head of the now-defunct New York State Thoroughbred Capital Investment Fund pleaded guilty to felony grand larceny charges, state officials and his lawyer said Dec. 2.
- By Tom Precious
A powerful New York legislator says the franchise to operate Aqueduct, Belmont, and Saratoga racetracks should be awarded in the next six months in order to ensure the continued viability of racing in the state.
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