Tom Precious

Pataki Sees 'Significant NYRA Reform' in Deal

The New York Racing Association will be placed under the watchful eye of a state oversight panel, Gov. George Pataki announced June 23, while the bidding process for the rights to the franchise to operate NYRA's three tracks will be accelerated.

NYRA, MGM Finally Sign Contract

The New York Racing Association and MGM Mirage announced June 16 that they have formally entered into a deal in which the Las Vegas gambling company will develop and manage a new video lottery terminal casino at NYRA's Aqueduct racetrack.

NYRA Pursues Video Lottery Revenue Pact

New York Racing Association officials say they are rushing toward a new video lottery terminal revenue sharing deal with horsemen and breeders that would avoid the need for pending legislation at the state Capitol to reach a VLT agreement.

New York Lawmakers Approve VLT Changes

The New York legislature has given final approval to a measure to increase the share of video lottery terminal revenue for racetracks, as well as jump-start the long-stalled VLT casinos at Aqueduct and Yonkers Raceway.

New York Legislators Push VLT Budget Measure

The Republican-led Senate and Democratic-run Assembly in New York have introduced legislation to sweeten the pot for racetracks with video lottery terminals, though the measure restricts the amount of extra money that would go to Aqueduct and Yonkers Raceway compared to other tracks.

New York Lawmakers Said to Have VLT Deal

Lawmakers in New York have agreed to repair a state law that has kept Aqueduct and Yonkers Raceway from opening their video lottery terminal casinos in a deal that will bring the state up to $1 billion in revenue each year.

New York VLT Bills Approved by Senate

Seeking to prod along negotiations, the New York Senate approved two bills March 17 designed to open long-stalled video lottery terminal casinos at Aqueduct and Yonkers Raceway, believed to be New York's most lucrative racetracks for gaming.

Mixed Bag for New York Racing Proposals

The New York Assembly has rejected proposals by Gov. George Pataki to create an oversight board to monitor the New York Racing Association, form a super-agency to oversee all aspects of gambling, and create eight additional video lottery terminal casinos.

Group's Goal: A Better Model for New York

The future shape of New York's Thoroughbred industry will be the focus of a new group of the nation's leading racing industry insiders, whose chief mission will be to propose a new business model for racing in the state.

VLT Legislation Introduced in New York

Legislation has been introduced in New York to sweeten the pot for racetracks operating video lottery terminals, and to encourage the New York Racing Association's VLT partner to begin construction of a new casino at Aqueduct.

Hayward Officially Named CEO of NYRA

The New York Racing Association has named Charles Hayward, a former president of Daily Racing Form, as its new president and chief executive officer. Hayward replaces Terry Meyocks, who resigned following several years of legal and financial turmoil at NYRA.

It's Official: Belmont Stakes Headed to ABC

The 18-year-old television deal between the partners in Triple Crown Productions has been dissolved. Just days after New York Racing Association chairman Barry Schwartz said the NYRA would move in another direction, it was announced Oct. 4 the Belmont Stakes (gr. I), third leg of the Triple Crown, would be broadcast via ABC Sports beginning in 2006.

Conflict Between NYRA, Track Cooperative Heats Up

With the New York Racing Association's handle down since its signal was pulled by the MidAtlantic Cooperative in mid- September, NYRA chairman Barry Schwartz said the dispute can be resolved only if the racetracks in the group "come to their senses."

Partners in Triple Crown Productions at Odds

A rift has developed among the partners in Triple Crown Productions, which holds the television rights to the three grade I Visa Triple Crown events: the Kentucky Derby at Churchill Downs, the Preakness Stakes at Pimlico Race Course, and the Belmont Stakes at Belmont Park.

N.Y. Trainer Sciacca Hit With 120-Day Ban

Thoroughbred trainer Gary Sciacca was suspended for four months and two of his employees and a Belmont Park veterinarian were handed stringent penalties Wednesday by the New York State Racing and Wagering Board over milkshaking charges stemming from last year.

NY Legislature Ends Without Racing, VLT Bills

A measure to encourage the operation of video lottery terminals at several big racetracks in New York, including the New York Racing Association's Aqueduct track, collapsed Aug. 12 in Albany amid industry infighting, political intrigue and head-butting among powerful lobbyists.

MEC Has Plans--With or Without NYRA

Magna Entertainment Corp. is still willing to partner with the New York Racing Association, but it is also pursuing its own move into the New York marketplace in case NYRA isn't serious about a merger, MEC president Jim McAlpine said.

Schwartz: Time to Relinquish Full-Time NYRA Post

The New York Racing Association's chief executive officer isn't willing to definitively say National Thoroughbred Racing Association commissioner Tim Smith will take over as president, but Barry Schwartz believes the time has come for him to step aside from his full-time NYRA post.

Will Saratoga Neighbor Add More Gaming Machines?

Not only will Saratoga Gaming and Raceway not close down its video lottery terminal parlor in August to accommodate the New York Racing Association, but there is talk of the NYRA neighbor adding another 700 VLTs, a state official said.

Analysts: New York Racinos No Sure Bet

Hit by relatively high revenue-sharing demands from the state and plans for even more gambling competition, New York's racetrack video gaming machine program has a murky future, Wall Street analysts and industry officials said.

NY Racing Bill Blocked, Republicans Claim

New York Republican officials are growing increasingly frustrated with Democrats who run the Assembly for blocking a measure to overhaul racing regulation and setting up a new state monitor to oversee the operations at the troubled New York Racing Association.

Stalled VLT Operation Leads Racetrack to Close

Batavia Downs, believed to be the nation's oldest nighttime Standardbred track, will not open for racing this summer because of dwindling revenue and an inability to get financing for its racino operation, track officials said.

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