All five remaining bidders for the Aqueduct gaming project said they have met a Nov. 6 deadline to guarantee a quick $200-million payment to the state of New York if they are chosen to develop the video lottery terminal casino at the Queens racetrack.
Las Vegas casino executive Steve Wynn has pulled out of the running for the long-stalled Aqueduct casino project, sources said Nov. 4.
- By Tom Precious
The six bidding groups vying for the Aqueduct casino rights have been asked to submit their "final" offers -- again -- to the state of New York, along with a new promise for a large and quick payment.
- By Tom Precious
Gov. David Paterson and New York legislative leaders met behind closed doors Oct. 29 in Manhattan to try to resolve the selection of an operator for the long-stalled Aqueduct video lottery terminal casino project.
New York officials have a growing urgency to resolve the long-delayed Aqueduct casino project: a ballooning deficit.
Gov. David Paterson hinted that selection of an Aqueduct video lottery terminal casino operator could come as early as Oct. 1, but sources indicated it take a little while longer.
Penn National Gaming Inc., believed to be facing an uphill battle in the bidding wars to develop a video lottery terminal casino at Aqueduct, has offered the cash-starved New York state government $250 million in a non-contingency, upfront payment for the exclusive contract and believes it's still in the hunt for the project.
Negotiators in New York have tentatively narrowed down the bidding list to three entities to run the long-delayed video lottery terminal casino at Aqueduct, and a final decision could come as early as the week of Sept. 28.
In a case that has ramifications for Thoroughbred racing, New York's highest court has refused to hear an appeal by a trainer suspended by state regulators for a pattern of alleged illegal equine drug violations involving horses at Monticello Raceway.
The governor of New York suggested Aug. 26 there are no guarantees a decision will be made soon in the selection of a developer for the long-stalled Aqueduct casino project.
The New York City Off-Track Betting Corp., which is now controlled by the state government, is facing insolvency unless it can get its financial affairs in order, state Comptroller Thomas DiNapoli reported Aug. 14 in a long-awaited audit.
State racing regulators in New York, seeking additional and timely information about medications given to racehorses, are eyeing a major crackdown on recordkeeping practices by Thoroughbred owners and trainers.
Ernie Paragallo's indictment Aug. 6 added 13 new counts to the 22 counts of animal cruelty already faced by the New York breeder.
- By Tom Precious
Officials in New York recognize they will not be getting the upfront payment money for the Aqueduct casino franchise they had been expecting before the economy turned sour, according to the head of the Senate's racing committee.
Six bidding groups vying to run a lucrative casino at Aqueduct racetrack have wrapped up their face-to-face presentations with senior aides to New York Gov. David Paterson and legislative leaders.
They tapped various talking points -- from higher purses and a beefed-up breeding industry to protecting green space and even family values -- but a group of Thoroughbred representatives have brought a singular message to state officials: Get the Aqueduct video lottery terminal casino off the ground.
A New York horsemen's group will continue to get additional purse money to fund its operations, including health benefits for backstretch workers at New York Racing Association tracks, under final passage of legislation July 16 by the state Senate.
The end of a nasty legislative coup in New York has put the process back on track for selecting a developer for the long-stalled Aqueduct racetrack casino.
Having failed to get a law approved permitting racetrack casinos to offer electronic table games, New York Gov. David Paterson's Lottery Division is moving ahead with plans for the new gambling devices at the state's eight racetrack-based casinos. But a lawyer who has sued the state over past gambling expansions said the Paterson administration may be playing with legal fire.
New York officials this week told bidders vying for the Aqueduct casino development rights to assume the contract will be awarded by Aug. 1, a questionable timetable given the chaos and leadership questions still swirling following a coup in the state Senate June 8.
The head of the New York City Off-Track Betting Corp. is being replaced, Gov. David Paterson announced.
Six months into the year, a state-ordered review of the New York Racing Association's 2009 budget has still not received approval from a government oversight panel.
New York's top racing regulator has been tapped to head a quasi-government panel that distributes over $60 million a year in various Thoroughbred breeding and other awards.
A New York government panel studying whether to alter the current structure of the state's off-track betting system has asked the OTBs to hold off on signing any long-term deals, a move that suggests the panel could have sweeping changes in mind.
MGM Mirage is back in the hunt to develop New York City's only legal casino with word emerging May 14 that it has joined forces with two other entities trying to win the bid for a sprawling new gambling facility at Aqueduct Racetrack.
More information was released May 11 about some of the groups seeking to build and operate a casino on the grounds of Aqueduct racetrack in New York.
Trying one more time, the state of New York accepted seven new bids - from major casino operators to real estate and racing interests -- to develop a casino at Aqueduct racetrack, an authority first approved for the facility back in 2001.
New York's lottery director caused a bit of a stir this week when he suggested to state lawmakers that racetracks are a drag on the profitability of their racino operations - leading to less money going to the state's education budget.
The long and twisting turns of efforts to develop a casino at Aqueduct racetrack has gone to a new venue: state court. SL Green Realty Corp., a Manhattan real estate company, has sued Buffalo-based Delaware North for breach of contract and other causes with allegations that include taking confidential information it obtained from SL Green for use in its bid for the casino.
- By Tom Precious
New York Thoroughbred breeder Ernie Paragallo is being charged with 22 counts of cruelty to animals, the chief prosecutor in the case told The Blood-Horse April 10.
New York Thoroughbred breeder Ernie Paragallo was charged with 22 counts of cruelty to animals, the chief prosecutor in the case told The Blood-Horse April 10.
Investigators found serious violations of animal cruelty laws in at least 40 Thoroughbred horses at the New York farm owned by Ernie Paragallo following a raid April 8 by State Police and animal protection agency officials.
State regulators in New York have begun an investigation into undernourished mares that were given away by Thoroughbred owner and breeder Ernie Paragallo.
The state of New York should abandon efforts to find new bidders to develop a video lottery terminal casino at Aqueduct and instead tap the New York Racing Association to run the long-delayed facility, a leading state lawmaker believes.
New York Gov. David Paterson signed legislation March 13 to block a scheduled across-the-board takeout increase in out-of-state wagers placed at tracks and OTB parlors in the state.
Legislation has been given final approval in New York to block a looming 1% takeout increase on out-of-state pari-mutuel wagers. The legislation now heads to Gov. David Paterson for his consideration.
As state officials in New York scrambled to re-group following the collapse of the Delaware North plan to build a casino at Aqueduct racetrack, at least one of the former bidding groups said it would be interested in making a new bid on the long-stalled project.
The long-stalled Aqueduct casino project will now be facing yet another delay, as the company that won the rights to develop the facility is telling the state it cannot meet a deadline to make its $370 million franchise fee payment.
New York lawmakers are rushing to halt a 1% takeout increase on out-of-state pari-mutuel wagers before a law kicks in next week authorizing the higher levels.
The New York Racing Association lost a five-year-old lawsuit Feb. 24 when the state's highest court refused to hear its appeal in a case potentially worth millions of dollars in back simulcasting payments to the racing entity.
A New York state government panel said Belmont Park can support a sprawling casino, hotel, retail, and housing development to bring jobs and money to the state.
Thoroughbred trainer William Badgett Jr. is facing a 60-day suspension and $1,000 fine by New York regulators after a one of his horses showed excessive levels of TCO2.
The company selected to operate video lottery terminals at Aqueduct said there are a host of unresolved issues, including restructuring its financing deal, before it can close on a final agreement with the state of New York to begin construction on the long-delayed facility.
The New York Racing Association's top fiscal executive has left, but the corporation is declining to provide any explanation or to say whether the departure was voluntary.
The New York Racing Association is projecting a surplus next year, its first since 2000, despite an estimated drop in handle at its three racetracks brought on by the economic downturn. But regulators Dec. 22 were unconvinced about some of the optimistic forecasts, and deferred approving NYRA's 2009 budget.
New York racing regulators have approved a final set of rules restricting the use of anabolic steroids in horse racing, effective Jan. 1, 2009.
New York Gov. David Paterson is proposing to permit a casino at Belmont racetrack, a move he believes will raise $370 million in a franchise fee payment to the deficit-ridden state.
Three casinos would be permitted in New York's Catskills tourist region under a constitutional amendment introduced in the Legislature for consideration next year.
The top Republican in the New York state Legislature is, again, calling on the governor and Democrats to back an effort to bring a casino to Belmont Park.
New York state officials finally gave Delaware North approval to build and operate a video lottery casino at Aqueduct. The racetrack will house New York City's only legal casino, which could generate tens of millions for purses and breeders' awards.
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