Tom Precious

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.

Judge Declines to Dismiss Suit Challenging VLTs at Tracks

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.

New York Tracks May Face More Casino Competition

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.

NYRA and Trump in VLT Deal? It's Possible

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.

Credit Card Company: Online Wagers to be Blocked

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.

VLT Operating Hours Still Hot Issue in New York

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.

NYRA Franchise Extension Approved by Legislature

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.

Schwartz: Aqueduct VLT Plan Must be Scaled Back

Plans by the New York Racing Association to build a world-class gambling facility to house video lottery terminals at Aqueduct will have to be shelved because state regulators are requiring tracks to pay too much of the program's expenses.

New York VLT Plan Moves Ahead

State regulators in New York have approved a plan for 11,400 video lottery terminals at eight racetracks, but also appear to have dismissed the industry's demand for more help to make alternative gaming profitable.

OTB Corp. Gets OK to Operate New York Track

Permission has been granted for the first time ever in New York for an off-track betting corporation to run a racetrack. After years of battling industry opposition and eventually paying hundreds of thousands of dollars to make the critics go away, Western Regional Off Track Betting Corp. was given approval by state regulators Feb. 27 to reopen Batavia Downs.

NYRA Plans to Make New Pitch for NYCOTB

Despite plans by the new mayor of New York City to delay the sale of New York City Off-Track Betting Corp., the head of the New York Racing Association said he will make a new pitch to purchase the lucrative corporation.

Saratoga Officials Approve VLTs For Harness Track

Video lottery terminals will be coming to Saratoga Springs following approval Wednesday evening by local officials of a resolution permitting the devices at a Standardbred track located just down the road from the New York Racing Association's premier flat track.

New York Mayor: To Sell or Not to Sell NYCOTB?

The new mayor of New York City left open the prospect that he may still proceed with the sale of New York City Off-Track Betting Corp., a deal some of his aides are pushing him to make to raise money for the deficit-ridden city. But whether he will proceed with the sale of the $1-billion betting empire that was begun by his predecessor, Rudolph Giuliani, remains a question.

New York Budget Plan Includes VLT Revenue

As racetracks continued to insist they can't make money off New York's new video lottery terminal program, Gov.George Pataki released a state budget proposal that for the first time projects revenue for government from the gambling devices.

NYRA Plans 100,000-Square-Foot VLT Area at Aqueduct

The New York Racing Association has submitted plans to state regulators to build a 100,000 square-foot, video lottery terminal area at Aqueduct racetrack, but the chairman of NYRA says the proposal won't work unless the state revises its new video lottery terminal law to give tracks more help with expenses.

Most Popular Stories