The embattled president of the New York Racing Association resigned Monday evening, in a move NYRA officials hope will quell the firestorm that is threatening their franchise to run the state's three premier racetracks.
The New York Racing Association, poised to make major reorganizational changes in a bid to keep its racing franchise intact, has hired a new high-level executive to oversee its much-criticized finances.
The trustees of the New York Racing Association, a target of allegations of wrongdoing and mismanagement, met in private Sept. 24 to devise ways to keep from losing the franchise to operate the state's premier Thoroughbred tracks.
State regulators have taken the formal step of stripping the racing licenses of seven illegal immigrants who were arrested while working as grooms and exercise riders at Saratoga in July.
New York state comptroller Alan Hevesi, who believes the New York Racing Association is unwilling to reform operations, has called for the creation of an independent inspector general to monitor NYRA.
A track operator and a leading handicapper at an Albany Law School conference Aug. 5 were unable, not surprisingly, to agree whether the growing use of rebates in the racing industry is a good thing.
Former New York Mayor Rudolph Giuliani will recommend a series of reforms to the racing industry in the aftermath of the Breeders' Cup Ultra Pick 6 wagering fraud, including creation of a central, nationwide authority to help oversee security issues.
Magna Entertainment Corp. is still very much interested in entering the New York racing market, and would seek to obtain, if it becomes available, the New York Racing Association franchise, the head of the company said Aug. 5.
In another blow for the New York Racing Association, state regulators have fined NYRA $10,000 for launching a marketing program before getting state government approval.
A draft audit by New York state comptroller Alan Hevesi found the New York Racing Association has come up short in payments to purses and state franchise fees.
In a case closely watched by the racing industry, a New York judge today upheld legislation permitting racetracks in New York to offer video lottery terminals.
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.
After mailing out 180,000 vouchers to its fans, the New York Racing Association has scuttled its marketing tool known as the "mystery voucher'' program after state regulators ordered new safeguards implemented in the program.
New York is poised to become the first state to begin testing horses for blood-doping antibodies used to enhance performance, New York State Racing and Wagering Board officials have announced.
The New York Racing Association, facing legal and political battles on a growing number of fronts, will not be getting its request to lower takeout on bets for the upcoming Saratoga meet.
New York Attorney General Eliot Spitzer said he came away from a one-hour meeting with New York Racing Association Chairman Barry Schwartz convinced that NYRA will now be taking steps to improve the operations he sharply criticized last month following a three-year investigation.
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.
The embattled New York Racing Association, currently fighting off blistering investigations by state authorities over its operations, discovered June 25 that nothing is a sure thing anymore.
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.
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.
- By Tom Precious
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.
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.
Trainer Nick Zito has dropped his legal fight with New York racing regulators and decided to begin serving a 10-day suspension slapped on him more than two years ago.
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.
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.
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