A recent move by New York legislators to scare off investors in possible future casinos in New Jersey could backfire, according to the operator of Meadowlands Racetrack.
The administration of Gov. Andrew Cuomo is hitting back at criticism from the Saratoga Springs community over the recent controversy involving the now-scuttled plan to end a four-year period of state government control of NYRA.
The operator of the video lottery terminal casino at Aqueduct Racetrack plans a December groundbreaking on an expansion project expected to add more than 750,000-square-feet to the facility, but the plan hasn't been presented to NYRA.
Thoroughbred trainers, owners, and breeders are scrambling to determine the future of racing at Finger Lakes after lawmakers ended their 2016 session without resolving how racing will be able to compete in the face of a new commercial casino.
One of the last acts of the New York legislature before its 2016 session ended June 18 was to send a message to one of its neighbors: New York is poised to act if New Jersey moves to build casinos near the New York border.
New York lawmakers gave final passage early June 18 to a measure legalizing daily fantasy sports contests, which have been attracting a growing worldwide audience among sports fans and gamblers.
A final deal was reached June 17 to keep the New York Racing Association under the control of Gov. Andrew Cuomo and the state for an additional year.
Unable to break a negotiating logjam, New York Gov. Andrew Cuomo and lawmakers have tentatively agreed to extend the state's control of the New York Racing Association for another year rather than return it to private hands.
Legislation was given final approval June 16 in New York to give new flexibility to a workers' compensation insurance fund for jockeys that has seen skyrocketing premium hikes in recent years.
Defying Gov. Andrew Cuomo, New York lawmakers June 15 gave final approval to legislation that would return the New York Racing Association to private control after a four-year period in which the board was dominated by appointees of the governor.
Talks have stalled over returning control of the New York Racing Association to private hands after a four-year period in which appointees of Gov. Andrew Cuomo have dominated the not-for-profit corporation's board of directors.
New York's top fiscal watchdog said the New York Racing Association's portrayal of its financial improvements have been artificially inflated after an audit found the not-for-profit operation has run up deficits of $109 million on the racing side.
The New York Racing Association would be returned to private hands, though with a leash from state government that has controlled its operations over the past four years, according to legislation proposed June 8 by Gov. Andrew Cuomo.
Officials in New York have been quietly discussing ways to "send a shot across the Hudson River" in advance of New Jersey's fall referendum in which voters will determine if two casinos can be located in the northern part of the state.
A deal has been reached between New York Senate and Assembly negotiators on a bill to legalize daily fantasy sports contests in the state, an influential state senator said June 7.
John Hendrickson, who operates a Saratoga Springs, N.Y.-based stable with his wife Marylou Whitney, resigned in frustration as a special adviser to the state-run New York Racing Association’s board of directors.
New York's racetrack-based casinos are under fire from two key legislators for trying to get the industry included in a measure under consideration at the state Capitol to legalize fantasy sports wagering.
A measure to end the state's control of the New York Racing Association is advancing in the New York legislature, and a key lawmaker said Gov. Andrew Cuomo has still not revealed his own idea for the future of the racing organization.
Senate bill proposes a 15-member board with a mix of private and public representatives.
After months of saying Finger Lakes Gaming & Racetrack is at risk of closure, the organization representing horsemen at the upstate New York track have begun a statewide ad campaign.
A Saratoga Springs Thoroughbred group is blasting a plan for the future of the New York Racing Association that it claims is being circulated by Gov. Andrew Cuomo.
Lawmakers at the New York state Capitol are considering a "hybrid" public and private composition for the future leadership of the New York Racing Association.
After years of discussion, New York Racing Association officials May 3 said they are planning a 2017 capital budget expense associated with installing a synthetic surface at Aqueduct Racetrack.
Racing regulators in New York have slapped a five-year ban on trainer Jerome Palumbo in a case state officials began investigating more than four years ago after one of his horses tested high for TCO2.
State provides some money to offset insurance cost for owners and trainers, but horsemen say the measure is only a stop-gap.
The president of the New York THA said it's disappointing that revenue from the planned 1,000 new VLTs at Aqueduct won't produce revenue for purses and the New York Racing Association.
Racetrack executives said they are 'supportive' of guaranteed purses.
The head of the horsemen's group at Finger Lakes Gaming & Racetrack is predicting the end of racing at the upstate Thoroughbred track, after a new state government budget deal failed to protect purse levels.
New York has approved a large increase in the number of video lottery terminals at Aqueduct Racetrack in a last-minute deal that officials say could expand the footprint of the Resorts World Casino at the Queens track.
Aqueduct Racetrack would see a sharp increase in the number of slot machines it offers at its Resorts World casino under a deal being negotiated at the Capitol in Albany as part of state budget talks, Newsday reported.
With the Kentucky Derby Presented by Yum! Brands (gr. I) fast approaching, New York's off-track betting corporations and Churchill Downs Inc. have resumed negotiations to end a bitter dispute over simulcast fees.
Racing and gambling matters are still in play in New York as the governor and lawmakers try in the coming week to put the finishing touches on a new state budget.
A trade group for New York's racetrack-based casinos is warning of major revenue drops at their facilities if New Jersey voters this fall approve a referendum permitting two new casinos near New York City.
Regulators have approved a new rule that makes it simpler for the New York State Gaming Commission to impose upon Thoroughbred owners and trainers an insurance program to provide workers' compensation coverage.
New York regulators Feb. 29 approved a ban on the last anabolic steroid that does not occur naturally in horses but has, until now, been permitted at specific threshold levels.
A New York lawmaker, sharply critical of the Nassau Off-Track Betting Corp. bid to try to locate a casino at Belmont Park racetrack, has introduced a measure banning casinos by either of the two Long Island-based OTBs.
New York regulators have given final approval to several equine drug rules, including a new system of minimum penalties for repeat drug violators.
Trainer Roy Sedlacek was banned from all racetracks in New York for five years by regulators following what officials said was evidence two horses that ran last October at Belmont were administered an opioid analgesic drug.
A New York Native American tribe has filed a lawsuit to block a recently approved casino that has everyone from upstate casinos to racetracks worried about losing business to the new gambling resort under construction.
Gov. Andrew Cuomo's proposed budget would also increase the takeout to cover regulatory costs and could divert VLT money from purses to equine health initiatives.
A deal has been reached between regulators and New York Thoroughbred industry interests for payments to a fund that provides workers' compensation payments for injured jockeys, apprentice jockeys, and exercise riders.
Belmont Park would become home to a casino with 1,000 video lottery terminals under a plan put forward Dec. 29 by Nassau Regional Off-Track Betting Corp. But the plan is considered a longshot.
New York State Gaming Commission officials announced an agreement Dec. 22 to continue a program through 2016 that permits the state's tracks and off-track betting corporations to video-stream races.
New York regulators and the state's Thoroughbred industry are attempting to negotiate new workers' compensation rates for jockeys before the current system expires at the end of the year.
Officials at Finger Lakes in upstate New York said the facility risks closure as early as 2017 unless the state takes action to protect its finances in the wake of approval Dec. 21 of a full-blown casino about 25 miles away.
In an apparent move to pressure state officials to at least lower its mandated tax rate, Finger Lakes Gaming & Racetrack said Dec. 18 that it wants to cut the number of Thoroughbred race dates in 2016 by nearly 20%.
New York's Standardbred industry warned of the growing financial consequences of racing-based daily fantasy sports sites, while a major off-track betting corporation says OTBs should have the authority to offer such contests.
An eight-acre parcel of land on the grounds of Belmont Park is no longer being offered to private developers, a move that is raising concerns in some circles that the state may be eyeing the site for a VLT casino.
Three New York legislative panels are seeking answers to the impact the daily fantasy sports industry is having on other sectors of the gambling industry, including horse racing and the state's own lottery system.
Regulators in New York have fined jockey John Velazquez for misusing his riding crop on a horse in a race earlier this year at Belmont Park.
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