A dispute over video lottery terminal revenue splits has been resolved by the New York Racing Association and the group that represents horsemen at NYRA-operated racetracks.
The head of the horsemen's group at New York Racing Association tracks said he is in no rush to share additional video lottery terminal revenue with NYRA.
The gubernatorial veto of a new video lottery terminal plan in New York was overridden May 15 by the state legislature, seemingly putting an end to months of uncertainty over the legislation.
New York City off-track betting parlors would be permitted to install up to 4,500 video lottery terminals under a proposal made May 13 by Gov. George Pataki.
The state of New York and an Indian tribe signed a memorandum of
understanding May 12 for a major casino in the Catskill Mountains resort area.
The New York Racing Association cannot proceed with its video lottery terminal program unless it strikes a deal with its horsemen to reduce the revenue-sharing for purses in the later years of the program, NYRA chairman Barry Schwartz said.
A deal to bring video lottery terminals to New York racetracks with an increased slice of the pie for track operators includes other provisions, including removal of restrictions on pari-mutuel takeout. The VLT deal is expected to bring the state $165 million this year, legislative sources said.
A deal to entice New York racetracks to install video lottery terminals was close the evening of April 28, but officials acknowledged a side deal is being hammered out to bring VLTs to the state's off-track betting parlors.
- By Tom Precious
In a statement issued Thursday, New York City Off-Track Betting Corporation announced it will not be open on Easter Sunday.
New York is poised to give a greater share of video lottery terminal revenue to racetracks and at the same time add more to education, New York Racing Association chairman Barry Schwartz said April 18.
New York City Off-Track Betting Corp., which faces action by state regulators for opening its parlors on Palm Sunday, April 13, has abandoned plans to open for business Easter Sunday, April 20.
Racing and Las Vegas-style casino betting would go hand-in-hand under the latest high-stakes gambling hall proposal for the Catskills resort area of New York. Back for a second try, this time with a different Indian tribe as partners, Alpha Hospitality on Thursday filed an application with the federal government to build a $500 million casino adjacent to Monticello Raceway.
Top government officials have shot down reports New York City Off Track Betting Corp. may be in line to get video lottery terminals for its betting parlors.
Delays aside, Finger Lakes Racetrack plans to begin its 162-day season on April 18, though the track's owners and horsemen continue to have their focus on an elusive goal: video lottery terminals.
The New York Racing Association has narrowed the choice of companies to run its future VLT betting operation at Aqueduct to two major casino firms: MGM Mirage and Trump Hotels & Casino Resorts.
With video lottery terminals suddenly emerging as an item in state budget talks, the top Republican in the state Legislature said he cannot support a controversial video lottery terminal bill proposed by his fellow Republican, Gov. George Pataki.
The horsemen's group at Finger Lakes Racetrack in New York will back a new contract to ensure the track is running by its scheduled April 18 opening, the head of the organization said Feb. 28.
New York regulators on Friday revoked the licenses of the former New York Racing Association pari-mutual clerks who last year pled guilty to various charges stemming from a money-laundering probe at NYRA's three racetracks.
The head of the New York Senate racing committee is pressing a new video lottery terminal plan that would give more money to racetracks and purses by giving back less in winnings to bettors.
Racetracks and off-track betting parlors in New York must begin a program that lets problem gamblers voluntarily shut themselves out from betting, the state Racing and Wagering Board ordered Feb. 4.
Gov. George Pataki has rocked the New York racing industry with a plan to dramatically alter the revenue-sharing arrangement for the state's long-stalled video lottery program and also impose a higher tax on pari-mutuel handle.
A day after New York Governor George Pataki proposed sweeping changes to the state's racing laws, the head of the New York Racing Association said the plan would end up hurting the industry.
New York Governor George Pataki has proposed changes his administration says will convince racetracks to begin offering video lottery terminals.
New York regulators are expected to consider Jan. 28 whether trainer Juan Serey will have his license revoked, but his lawyer was pushing to delay the proceedings until final details of a lawsuit settlement involving Serey are resolved.
The owner of a long-shuttered New York racetrack slated to reopen to tap into the state's video lottery terminal program has filed for Chapter 11 bankruptcy protection.
State regulators in New York have begun enforcing what they say will be new safeguards to try to prevent the kinds of abuses that occurred in the recent Breeders' Cup Ultra Pick 6 betting scandal from happening again in the state.
Vernon Downs, the troubled Standardbred facility near Syracuse, New York faces an uncertain future after regulators gave an outright denial to its 2003 license.
With the sale of Calvin Klein, look for Barry Schwartz to spend far more time around his passion: horses.
A horsemen's group has filed a lawsuit in federal court against Monticello Raceway in New York, alleging the track pocketed at least $1.3 million over the past six years in funds that should have gone to purses.
Trainer Nick Zito's suspension by New York regulators for a positive drug test involving a race at Saratoga was upheld Thursday by a state appeals court.
An influential state senator says racetracks in New York should be given more of a split from the state's still dormant video lottery terminal program as a way to get the machines running and revenue flowing for New York's deficit-ridden budget.
In search of every last penny to balance the city's budget, New York City officials are trying to convince state officials to allow New York City Off-Track Betting Corp. to simulcast Thoroughbred racing at night.
A legislator has proposed that New York law should be tightened to create a felony that specifically outlaws tampering with pari-mutuel bets and wagering systems. The bill, sponsored by Assembly racing committee chairman Alexander Gromack of Rockland County, comes in the aftermath of the Breeders' Cup Ultra Pick 6 betting probe.
Major changes are needed in state's pari-mutuel law to keep statutes in line with technological advances, New York's top racing regulator said Nov. 13 in the wake of the Breeders' Cup Ultra Pick 6 betting probe.
A lawsuit seeking to block video lottery terminals at racetracks in New York "is ripe for review,'' a state judge has ruled in rejecting pleas by the state and racetracks to dismiss the legal action. Gambling foes say they may now seek an injunction to block any further development of the VLT program.
In a move with implications for the state's racing industry, the federal government has given the go-ahead for a western New York Indian tribe to open three casinos, a decision that could pave the way for three other new casinos in New York's Catskill Mountains.
New York lottery officials have selected four firms to supply video lottery terminals at racetracks for a new gambling program, but so far, track officials aren't leaping at it because they insist it will lose money.
The New York Racing Association, with its video lottery terminal program running behind schedule, is turning to outside casino operators to run its proposed Aqueduct VLT facility, and among those under consideration is Atlantic City casino mogul Donald Trump.
A company that for years has been trying different ways to break into the racing industry has now set its sights on an obscure former Quarter Horse racetrack in upstate New York.
Stymied in recent efforts to enter the New York racing market, Magna Entertainment is still highly interested in moving its way into the lucrative betting state, the company's president said Aug. 6.
On the sales block just a year ago, New York City Off-Track Betting Corp. is shedding its fire-sale image and moving ahead with plans to bring back bettors and forge new ties with racetracks, its new president said.
An influential breeder in New York, embroiled in a dispute with a neighbor, has successfully pushed through a measure to ban the setting off of fireworks near breeding farms.
The New York Racing Association should know by the end of the week of June 24 if it will receive about $100 million in new loans for a major capital program at its three racetracks, the head of the racing organization said.
A series of racing laws in New York have been extended by state lawmakers, who failed, however, to act on several other items from an industry wish list involving video lottery terminals and off-track betting corporations.
Citibank, the nation's largest credit card company, is beginning a new system to block customers from using their plastic to make online wagers, New York attorney general Eliot Spitzer said June 14. The impact on companies that offer pari-mutuel wagering remains to be seen.
Racetracks in New York have launched a last-ditch effort to extend the operating hours of the state's new video lottery program. The tracks insist they need to let gamblers stay at their facilities longer if they are to turn a profit.
A senior adviser to New York Gov. George Pataki is joining the New York Racing Association as its new general counsel, officials said June 12.
Off-track betting corporations in New York, still upset about being cut out of last fall's major gambling expansion in the state, are making an all-out push for new revenue.
A deal to extend the New York Racing Association's franchise to run three tracks in the state was approved May 16 by the Senate and Assembly as part of a state budget package. NYRA must have VLTs in operation at Aqueduct by April 1, 2003.
A deal to give New York racetracks a greater share of proceeds from video lottery terminals appears to be falling apart, according to state budget negotiators.
Most Popular Stories
- Cairo Prince Leads Florida Derby Worktab
- Lexington Tracks Eye Instant Racing Licenses
- WV Racing, Breeding Take 10% Revenue Hit
- Apprentice Boulanger Guides in First Winner
- Arkansas Derby Preview Day Preview Blog
- Strong Mandate Brings Lukas Back for More
- Bath Time for Hoppertunity
- Relieving Laminitis Pain in the Field
- TimeformUS Saturday Plays
- Racing Voices: The Fastest Horse in the World