Tom Precious

Feds Seeking Indictment Against NYRA

Federal prosecutors are preparing an indictment against the New York Racing Association that will allege a corporate conspiracy that permitted corruption to occur at its three racetracks. Sources also say the state is currently developing a contingency plan in case the NYRA is ousted from its duties.

Casino Mogul Trump Joins List of NYRA Critics

Using a smiling, cigar-chomping photograph of gangster Al Capone atop a caption saying "he would have loved'' the thought of putting slot machines at New York Racing Association tracks, casino mogul Donald Trump has joined in on the growing chorus of NYRA critics.

Spa Takes Back Seat to Defense of NYRA

The charges and countercharges battle between the New York Racing Association and New York Attorney General Eliot Spitzer continued June 24, with NYRA charging the state's chief law enforcement agent "does not understand NYRA's operations," and that he made "no attempt" to make his damaging report balanced.

NYRA Seeks to Lower Pari-Mutuel Takeout

Quickly taking advantage of a new pari-mutuel deregulation move by the state, the New York Racing Association has proposed reducing its takeout on certain bets at Aqueduct, Belmont Park, and Saratoga.

Serey's Trainer's License Revoked

Trainer Juan Serey has had his license revoked by New York regulators, who found him "financially irresponsible'' and, therefore, unable to remain in business as a Thoroughbred trainer.

AG's Report Suggests NYRA Unfit to Operate Franchise

State officials should consider removing the New York Racing Association as operator of Aqueduct, Belmont Park, and Saratoga racetracks for ignoring and covering up an empire overrun with employee corruption that includes cheating of its customers, New York Attorney General Eliot Spitzer has charged.

Schwartz: VLTs Hinge on Agreement With Horsemen

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.

New York Deal Includes Other Pari-Mutuel Provisions

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.

New York VLT Deal Near; OTBs Considered

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.

Proposal Would Bring Vegas-Style Gaming to Catskills

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.

New York Racing Industry Upset With VLT Plan

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.

Attorney Hopes to Delay Serey License Hearing

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.

N.Y. Bill Makes Tampering With Wagers a Felony

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.

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