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.
New York racetrack casinos lost a major potential competitor Feb. 18 after federal officials rejected a plan for a sprawling, full-blown casino just 90 miles from Manhattan.
New York stewards have suspended trainer Richard Dutrow Jr. for 90 days for a positive drug sample in a winning horse from a race at Aqueduct last fall and for possession of hypodermic needles in his barn.
The operators of Aqueduct's future video lottery terminal casino have begun pressing state officials to permit table games at the facility and New York's other racetrack casinos.
The New York Racing Association got a bump -- for one month, anyway -- in attendance and on-track handle to make up for some of the losses of the closing of the New York City Off-Track Betting Corp.
Total pari-mutuel handle at New York Racing Association tracks was up 76% in the first month after the shutdown of New York City Off-Track Betting Corp., according to state officials.
New York State will lose money and the racing industry severely dented if the go-ahead is given to a Wisconsin Indian tribe to build a casino in the Catskills resort region, a top Democratic lawmaker said Feb. 2.
New York State would impose a racing purse surcharge as part of an overall budget-balancing exercise proposed today by Gov. Andrew Cuomo.
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.
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.
The 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.
An agreement to permit tracks and OTB corporations in New York to stream live racing over the Internet was approved Wednesday, Dec. 22.
Racetracks 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.
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.
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.
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.
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.
Despite 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.
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.
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.
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.
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
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.
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.
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.
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.
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.
Gov. David Paterson outlined a proposed deal with a Wisconsin Indian tribe to build a casino in the Catskill Mountains.
New 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.
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.
Details 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.
A 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.
The 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.
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.
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.
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.
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.
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.
After nine years of on-again, off-again movement, the Aqueduct casino project now seems all but certain to be a done deal.
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.
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.
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.
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.
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.
A 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.
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.
Two 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.
The 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.
Only Malaysian-based Genting New York remains a viable candidate but its selection to run a casino at Aqueduct is far from certain.
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