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Breeders and owners in New York, shortchanged the past couple years, in part, because of the bankruptcy of New York City Off-Track Betting Corp., are in line to get $4.4 million in purse awards due them in 2009 and 2010.
Friday, January 28, 2011
A federal bankruptcy judge Jan. 25 dismissed the shuttered New York City Off-Track Betting Corp.'s Chapter 9 bankruptcy case, rejecting a motion by a union representing more than 1,000 fired workers.
Tuesday, January 25, 2011The major racino operators in New York are urging the state's new governor and legislative leaders to scuttle a deal made by former Gov. David Paterson with a Wisconsin tribe for a full-fledged casino in the Catskills area.
Wednesday, January 12, 2011
An agreement to permit tracks and OTB corporations in New York to stream live racing over the Internet was approved Wednesday, Dec. 22.
Wednesday, December 22, 2010Racetracks and OTB corporations in New York are circulating a draft agreement to permit live video streaming of races over the Internet -- a move supporters said could help pick up some business.
Friday, December 17, 2010
Seeking to make long-stalled legislative gains in the aftermath of the New York City Off-Track Betting Corp.'s shutdown, a number of racing interests are stepping up efforts to create a single, statewide OTB network.
Wednesday, December 15, 2010
New York City Off-Track Betting Corp. is just days away from 'a point of no return,' as officials watch bettors withdraw their final ADW funds and the OTB prepares to make a last revenue-sharing payoff to racetracks.
Tuesday, December 14, 2010
The New York Racing Association board of directors awarded raises to several hundred non-union employees -- a day after threatening bankruptcy if a controversial bill involving New York City Off-Track Betting Corp.
Sunday, December 12, 2010
NYRA is hoping for a deal as early as next week to get the defunct New York City Off-Track Betting Corp.'s television channel turned back on and is working with state officials to get permission to offer live video streaming.
Saturday, December 11, 2010Despite a furious push into the night Dec. 9 by unions to get the state Senate back to Albany to try another vote, the New York City Off-Track Betting Corp. remains closed with bettors fleeing its ADW accounts by the hour.
Thursday, December 09, 2010
The New York State Racing and Wagering Board pushed through new emergency rules to make it easier and quicker for NYCOTB bettors to sign up with internet and phone wagering platforms at the state's other OTBs.
Wednesday, December 08, 2010
The state Senate in New York Dec. 7 rejected a reorganization plan for the New York City Off-Track Betting Corp.--and the OTB proceeded with its shutdown plan on Dec. 8.
Tuesday, December 07, 2010
With the future of the New York City Off Track Betting Corp. up in the air, the New York Senate returned to the Capitol to find itself in the middle of a long-standing battle between tracks and OTB corporations.
Tuesday, December 07, 2010
The New York City Off-Track Betting Corp., facing a shutdown later in the day, was given a four-day reprieve Dec. 3 when the state Senate is due back to consider passage of a bankruptcy reorganization plan
Friday, December 03, 2010
The New York City Off-Track Betting Corp. could get a last-minute reprieve from its threatened shut-down Dec. 3, following a promise by the New York state Senate to take up a reorganization bill for the state-owned entity.
Thursday, December 02, 2010
The New York City Off-Track Betting Corp. board of directors Dec. 1 approved a resolution to shut down the betting giant, affecting 1,000 workers and leaving an uncertain future.
Wednesday, December 01, 2010
If New York senators don't approve a reorganization plan, the country's largest off-track betting operation will run out of money. Closing NYCOTB will mean 1,034 people will lose jobs.
Tuesday, November 30, 2010
State legislators failed to pass a plan Nov. 29 to reorganize the New York City Off-Track Betting Corp. The Assembly could pass the measure but state senators have left town. NYCOTB is expected to issue pink slips.
Monday, November 29, 2010
State officials threatened to close the New York City Off-Track Betting Corp. as early as next month, creating "chaos" and costing the racing industry thousands of jobs.
Sunday, November 28, 2010
Gov. David Paterson outlined a proposed deal with a Wisconsin Indian tribe to build a casino in the Catskill Mountains.
Monday, November 22, 2010New York's largest horsemen's group is among the latest calling on the Paterson administration to halt a looming agreement with a Wisconsin Indian tribe to build a casino in the Catskill Mountains.
Saturday, November 20, 2010
Just weeks after breaking ground on a new casino at Aqueduct racetrack, Gov. David Paterson is hoping to forge an agreement for a competing, Native American-owned casino 100 miles away in the Catskills region.
Tuesday, November 16, 2010Details of competitors' bids were leaked, timely campaign contributions flowed and key expert advice was ignored when New York officials earlier this year tapped Aqueduct Entertainment Group to run the casino at Aqueduct.
Thursday, October 21, 2010A tentative deal has been reached to let the New York Racing Association and other tracks take over the advanced deposit wagering system now run by the giant New York City Off-Track Betting Corp.
Wednesday, October 20, 2010The new casino at Aqueduct racetrack should have ground broken on the project by the end of the month, according to the head of the New York Racing Association.
Friday, October 15, 2010
Officials said they are close to a deal to try to bring New York City Off-Track Betting Corp. out of bankruptcy protection, but that a final agreement is being blocked by several harness tracks in the state.
Monday, October 04, 2010
Genting New York officials, after turning over $380 million in licensing fee payments to the state, said they are prepared to quickly start construction on the Aqueduct casino project.
Monday, September 27, 2010
It is the photo opportunity the state of New York and the racing industry has been awaiting: a $380 million check presented by the company selected to run the much-delayed Aqueduct casino project.
Sunday, September 26, 2010
Nine years after first being approved, the last major hurdle for the Aqueduct video lottery terminal casino project was cleared Sept. 13 when the state's chief fiscal watchdog gave his approval for the project.
Monday, September 13, 2010
It has taken three governors four different tries, but Gov. David Paterson and legislative leaders made it official Aug. 17: Genting New York will be the operator of the Aqueduct video lottery terminal casino.
Tuesday, August 17, 2010
After nine years of on-again, off-again movement, the Aqueduct casino project now seems all but certain to be a done deal.
Wednesday, August 11, 2010
New York Gov. David Paterson is turning up the heat on legislative leaders, prodding them to make a quick decision on the new operator to run the Aqueduct video lottery terminal casino.
Tuesday, August 10, 2010
Genting New York, a Malaysian-based casino group, has been recommended by the New York Lottery Division to run the much-delayed Aqueduct casino project.
Tuesday, August 03, 2010
A legal challenge to stop the current Aqueduct casino bidding process and award the contract to a previous bidder was tossed out by a New York state judge July 29, said state officials who were in the courtroom.
Thursday, July 29, 2010
A group of creditors involved in the NYCOTB bankruptcy proceeding has suggested a number of changes, including a 1% surcharge on wagers, according to a June document.
Tuesday, July 27, 2010
A number of groups, including the New York Racing Association, have approached state officials about taking over all or part of the New York City Off-Track Betting Corp.
Thursday, July 15, 2010A state judge July 15 amended a temporary restraining order issued earlier in the week that banned the Lottery Division from continuing to work on the bid offered by Genting New York.
Thursday, July 15, 2010
A New York state judge has temporarily halted the bidding process for the Aqueduct casino project to give time to consider a lawsuit brought by a consortium that had won the casino rights in a previous bidding round.
Wednesday, July 14, 2010Two New York lawmakers say the $125,000 per month salary of the new NYCOTB president is illegal and have called for an investigation into his hiring.
Friday, July 09, 2010The financially struggling New York City Off-Track Betting Corp. has accepted the resignation of its long-time president, and quickly filled his job with a replacement making nearly 10 times as much.
Wednesday, July 07, 2010
Only Malaysian-based Genting New York remains a viable candidate but its selection to run a casino at Aqueduct is far from certain.
Tuesday, July 06, 2010
Three companies met the 4 p.m. EDT June 29 deadline to submit financial offers to run a casino at Aqueduct.
Tuesday, June 29, 2010
Bids are due June 29 for the long-delayed Aqueduct casino project, and already one of the bidding groups is dropping out.
Tuesday, June 29, 2010
New York's new uncoupled wagering rule will be in place before the start of the upcoming Saratoga racing meet, the state's top industry regulator said June 25, and should be a boost for track handle.
Friday, June 25, 2010
A politically-wired lobbyist for a bidding group that initially won the development rights to the Aqueduct casino project was provided details about competitors' bids by the top Democrat in the New York state Senate.
Friday, June 18, 2010
A tentative deal among state senators has ended talk of a shutdown of the New York state government, keeping racetracks from having to suspend their operations.
Monday, June 14, 2010
Racetracks in New York state are being told they might have to shut down June 15 if a budget stalemate at the state Capitol is not resolved.
Saturday, June 12, 2010The head of the embattled New York City Off-Track Betting Corp. has resigned at a time when the betting giant is attempting to create a financial survival plan, sources close to the matter said the evening of June 4.
Saturday, June 05, 2010Six different groups have submitted a $1 million entry fee to be a part of the newest bidding process for the delayed Aqueduct casino project.
Wednesday, June 02, 2010
New York State lawmakers on May 24 approved a $25 million loan for the New York Racing Association, keeping the racetrack operator solvent for at least the rest of the year and avoiding a shutdown of its operations.
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