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.
The New York State Commission Nov. 23 proposed far-reaching equine drug rules as they slapped trainer Steve Asmussen with a $10,000 fine stemming from a probe into allegations of equine abuse brought against him by PETA.
A New York law banning racing and pari-mutuel wagering activities in the state on Palm Sunday, which dates back to the days when Richard Nixon was president, has been overturned.
After considerable delay, New York regulators Nov. 23 are poised to release the much-anticipated results of a probe into allegations by an animal rights group about horses under the care of trainer Steve Asmussen.
The move this week by New York Attorney General Eric Schneiderman against fantasy sports sites DraftKings and FanDuel may have its vocal detractors, but the state's racetrack owners support Schneiderman's move.
New York is beginning a pilot program at Aqueduct Racetrack and Belmont Park to screen Thoroughbreds for cardiac arrhythmias with the use of a small recording device attached to a smartphone or computer.
The furosemide industry is a $3 million annual business for Thoroughbred racing in New York state, regulators said Oct. 26, with the average horse given $500 worth of doses in a typical year.
The state of New York expects to save in excess of $200,000 annually by ending state-funded blood and urine tests of all claimed horses.
The state of New York, citing costs savings, is considering a plan to halt a practice in which the state, at its expense, tests all claimed horses to check for the presence of drugs or other substances.
A New York State panel has tapped a fourth location for a full-blown casino as the state marches closer to a final set of approvals for a casino expansion.
An audit released by New York's chief fiscal watchdog is critical of how NYRA is handling major expenses on capital projects.
New York's top fiscal watchdog said payments to racetracks, competition from advance deposit wagering entities, and sharply rising simulcast fees are contributing to increasingly perilous finances at five OTB corporations.
The much-anticipated September 24 release by New York regulators of their probe into the care of horses trained by Steve Asmussen is being delayed.
New York's racetrack-based casino operators are urging state officials to go slow with any effort to legalize online poker and, if permitted, any internet poker program should be awarded only to licensed facilities.
New York Gov. Andrew Cuomo has signed legislation authorizing an additional 1% of purse money payments to the New York Thoroughbred Horsemen's Association.
The chairman of the panel that regulates horse racing and all gambling entities in New York state has resigned, just over a month before the Gaming Commission is expected to award licenses to commercial casino operators.
Considering possible changes to the state's equine drug laws, New York regulators are calling together education, veterinary science, and industry experts to discuss the use of the anti-bleeding medicine furosemide.
A push to develop a new commercial casino in the Finger Lakes region of New York was ordered to slow down by an appeals court, which determined local officials did not not follow environmental review procedures.
New York state regulators have modified a couple of ways in which wagering on Thoroughbred races is conducted as part of an effort to boost field size and revenues for the industry.
A measure to remove a mandate that exercise riders be provided workers' compensation coverage from the New York Jockey Injury Compensation Fund failed to get approved in either house of the New York legislature.
New York off-tracking betting corporations will be permitted to dip into their capital funds to help pay for operating expenses under legislation given recent final approval by the New York lawmakers.
The New York State legislature has halted a longstanding ban against pari-mutuel wagering and live racing on Palm Sunday, a move industry supporters claim will raise revenue for tracks and the state.
New NYRA chairman owns company that allegedly gave a lucrative no-show job to the son of a former state Senate majority leader who is fighting federal corruption charges.
A company tied to Anthony Bonomo, the new chairman of the New York Racing Association, is named in an indictment against the former majority leader of the New York Senate.
The head of the New York Thoroughbred Horsemen's Association said a move to drop exercise riders from workers compensation insurance coverage from the New York Jockey Injury Compensation Fund will only be temporary.
Legislation would end workers' compensation insurance for exercise riders, but retain coverage for jockeys and apprentice jockeys. If passed, owners or trainers would have to pick up the cost for insuring exercise riders.
Racetrack-based casinos in New York saw overall net win drop 1.4% from 2013 to 2014, a potentially worrisome sign as the state will expand the number of larger, commercial casino developments.
A top Standardbred trainer has been fined and stripped of his license by New York regulators following one of the industry's biggest medication cases.
New York regulators April 27 approved rules to enhance certain kinds of wagering on Thoroughbred races, which promoters believe will boost revenue and field size.
Their financial performances were no secret during the year, but now the final numbers for fiscal 2014 are in and, for the first time, New York racetrack-based casinos showed their first year-to-year dip in net revenue.
Groups seeking to block a Finger Lakes-area casino in upstate New York have been formally joined by a politically powerful and financially deep-pocketed ally: the Oneida Indian Nation.
New York lawmakers have given final approval to an expansion of video lottery terminal games at six of the state's nine racetrack-based casinos.
The board of the New York Racing Association has tapped Anthony Bonomo as the new NYRA chairman.
New York officials have agreed to keep intact the state's oversight of the New York Racing Association, a control period that was to expire this October.
Efforts to expand video lottery terminal casinos in New York, including one at Belmont Park, have been quashed during state budget negotiations at the state Capitol.
A measure giving flexibility to the financial operations of the New York State Thoroughbred Breeding and Development Fund passed by a comfortable margin in the state Senate, as it has every year since 2010.
Revenue for state government from the nation's pari-mutuel industry dropped 3.5% in 2014 from a year earlier, according to a new report by a university system think tank.
New York regulators March 23 said they want to hold a forum to consider the future use of anti-bleeding medication furosemide in the state.
Legislation has been introduced in both houses of the New York legislature to require the owners of a future commercial casino to make whole any losses suffered by horsemen and breeders at nearby Finger Lakes.
It appears increasingly likely that New York Gov. Andrew Cuomo will get his desire to extend the life of the state's control over the New York Racing Association.
The owner of Finger Lakes Gaming & Racetrack in upstate New York is asking a state judge to halt the awarding of a license for a new commercial casino located just 25 miles away from the 1960s-era racetrack.
Video lottery terminals at Aqueduct Racetrack have helped push up prices of New York-bred yearlings and increased the state's foal crop in what economic development officials say has been a far-reaching impact.
A New York casino panel has approved another round of bids for a gaming facility in the Southern Tier region of the state located near Binghamton and just across from the Pennsylvania border.
New York regulators are still not saying when the findings of an investigation into allegations of horse abuse by trainer Steve Asmussen will be released.
Upstate New York racetrack-based casinos are stepping up efforts to stop a full-blown commercial casino from opening in the Finger Lakes region.
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