The New York Racing Association defended its advanced deposit wagering system Jan. 13, and said it welcomed a review by state regulators.
In a state unaccustomed to rosy equine industry fiscal numbers, NY officials are going out of their way to hail the breaking of the $1 million mark in proceeds to a Thoroughbred breeding fund from the new casino at Aqueduct.
Genting New York is considering an initial expansion into a 70,000-square-foot area at Aqueduct Racetrack if the state legalizes additional forms of gambling, including table games.
With state money tight, New York Gov. Andrew Cuomo is proposing a plan to create the world's largest convention center at Aqueduct financed by the operator of the track's new casino facility.
Just days after being praised by state officials for their fiscal openness, officials with the New York Racing Association were enduring a new round of criticism after revelations it had overcharged bettors on exotic wagers.
Bettors in North America were overcharged more than $7 million by the New York Racing Association over the past 15 months in higher-than-allowed pari-mutuel takeout rates on exotic wagers.
The New York Racing Association predicted the size of fields at its tracks could grow by an average of one-half to one horse per race in the coming year thanks to higher purses from the new casino at Aqueduct.
New York state officials have agreed to seek approval of a constitutional amendment to permit expansion of Las Vegas-style casino gambling on non-Indian lands.
A big New York state off-track betting corporation did not have the legal authority to seek Chapter 9 bankruptcy protection earlier this year, a federal bankruptcy judge has ruled.
Racetrack casino operators in New York are lobbying hard to protect their interests in anticipation of a potential gambling expansion and tighter licensing procedures in 2012
Just one day shy of the 10th anniversary on which former New York Gov. George Pataki signed a law approving racetrack casinos, Aqueduct's new VLT facility will open the afternoon of Oct. 28.
At a time when out-of-state ADW operators are facing mounting criticism from some lawmakers and OTB operators in New York, Churchill Downs Inc. has turned to an influential Albany lobbying firm to represent its interests.
A day before trainer Rick Dutrow was scheduled to relinquish his license to train horses for at least the next 10 years in New York, a state judge put a temporary hold on the punishment handed down last week.
New York regulators revoked Rick Dutrow's license for at least 10 years and fined him $50,000 for what they said has been a pattern of rules violations by the controversial trainer.
Charlie Hayward said putting limits on out-of-state ADWs will hurt New York racing.
Trainer Rick Dutrow Jr. is expected to learn the fate of his career next week when regulators in New York rule whether his alleged use of drugs in racehorses is serious enough to lead them to permanently revoke his license.
The push and pull by advocates and detractors has yet to begin, but more than half of New Yorkers believe the state should permit full-fledged casinos beyond Indian-owned gambling facilities, a new poll has found.
Native American tribes, racetracks square off in New York over competing plans to expand casino gambling.
Racetracks across New York Sept. 7 will unveil a plan to amend the state constitution to permit them to offer a complete array of casino gambling as part of a proposal they say will raise revenue for the state and industry.
The state of New York has tapped most of the members of a new advisory panel to try to attract more fans to the racing industry in the state.
After 10 years of stalled efforts to locate casinos in the economically depressed Catskills resort region, New York Gov. Andrew M. Cuomo says it may be time for the state to permit non-Indian casinos in New York.
New York legislators want to make it easier for the state's tracks to work together, and to provide more incentives for ontrack patrons.
A six-year-old law supporters said was designed to encourage the protection of retired racehorses has been struck down by New York Gov. Andrew M. Cuomo.
The New York Racing Association, which has a long tradition of clashing with state government officials, faces a new review of its books by the state's chief fiscal watchdog.
The New York Racing Association's net revenue is projected to decrease 3.9% this year while its wages and benefits are up 5%, according to its 2011 budget that was released July 15 by state officials.
New York regulators are creating a panel of racing fans to help provide new ideas to pump life into the state's struggling Thoroughbred and harness industries.
The head of the New York Racing Association said he made "a mistake" by not sharing details about management pay hikes with state oversight officials, but he defended the fiscal health of the association.
Efforts to realign the struggling racing and off-track betting industry in New York have failed another annual legislative session at the state Capitol in Albany June 23.
A day after citing concerns about a lack of fiscal transparency, a New York state panel has called for an investigation of the New York Racing Association.
The racing industry in New York expressed concerns about new, potent competition after the Obama administration reversed course on federal policy that had blocked Indian tribes from building off-reservation casinos.
A respected expert on racing matters has been selected for a new position to advise New York Gov. Andrew M. Cuomo on racing and gambling issues.
Embattled trainer Rick Dutrow made a plea for his career June 3, when he told a New York hearing officer considering a license revocation case against him that he has been good for the Thoroughbred industry.
The opening salvo in a state hearing that could at least end the New York career of trainer Rick Dutrow focused on claims of an appearance of a conflict of interest by New York's top racing industry regulator.
One of the racing industry's closely watched legal proceedings begins May 31 as state regulators in New York commence a hearing that could lead to the revocation of trainer Rick Dutrow's license.
Pending legislation would direct state grants toward promotion of racetracks and farms and create a seven-member advisory panel to run the program.
A state panel has approved a resolution that permits Genting New York LLC, the future operators of the Aqueduct casino, to obtain a $225 million mortgage to help finance construction activities at the facility.
A resolution has been introduced in the New York State Senate to permit privately owned casinos in four counties that are also home to racetracks.
The second New York off-track betting corporation to seek bankruptcy protection has filed a proposed schedule with a federal court to make good on its liabilities.
Trainer Rick Dutrow Jr. was denied attempts by his lawyer to challenge two accusations by New York racing regulators and should get a new hearing before a board of stewards, according to new legal documents filed in the case.
New York Gov. Andrew M. Cuomo says he does not want to be "disruptive'' to the New York Racing Association, but he still wants the racetrack operator to get an in-state company to run its telephone wagering call center.
Lawmakers in New York said they plan to put off until next year passage of a measure permitting casino gambling in the Catskills resort region of the state.
A proposed 2.75% state surcharge on purses on New York races was rejected by lawmakers in a last-minute round of state budget talks at the Capitol in Albany.
With a 2.75% proposed surcharge on purses, New York lawmakers look to find alternate ways to make up the gap; disagree on how to proceed.
Three months after the closure of the state's largest off-track betting corporation, Suffolk Regional OTB has now gone through with its threat to seek Chapter 9 bankruptcy reorganization protection.
The state Senate in New York has approved a measure to pick a new private company to run the closed New York City Off-Track Betting Corp., while the Assembly has backed a bill lowering a surcharge imposed on purses.
A long-shot measure to re-open the New York City Off-Track Betting Corp. failed to get enough votes to even make it out of a New York state Senate committee on March 8.
New York state regulators are poised to crack down on jockeys, trainers, and others with racing licenses who test positive for alcohol while at New York racetracks.
NYSRWB chairman said he knows of no other off-track betting corporation facing the kinds of financial troubles of Suffolk County Off-Track Betting Corp., which is threatening to seek bankruptcy protection.
Another off-track betting corporation in New York State is facing mounting fiscal problems and is considering Chapter 9 bankruptcy protection.
A New York lawmaker wants to put the now-defunct New York City Off-Track Betting Corp., out to competitive bidding.
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