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The reported departure of Steve Swindal from the New York Yankees--and his ties to the Steinbrenner family as well--has thrown into doubt the future of Excelsior Racing Associates, the group trying to take over New York's Thoroughbred racetrack franchise. Excelsior Racing, however, said Swindal remains an "integral part" of the team.
Thursday, March 29, 2007Catskill Regional Off-Track Betting Corp., located in upstate New York, has become the latest group to drop out of the process to take over the franchise to operate Aqueduct, Belmont Park, and Saratoga
Tuesday, March 27, 2007A joint venture led by Las Vegas casino developer Steve Wynn has dropped out of the running for the franchise to operate three New York racetracks.
Friday, March 23, 2007March 31 is the deadline for bidders interested in the New York Thoroughbred franchise to submit proposals, and they also must undergo an "integrity review" by the state inspector general.
Thursday, March 15, 2007The Steve Wynn-led group interested in obtaining New York's Thoroughbred franchise says it wants to add a racetrack operator to its joint venture--and it could include entities already lined up with other bidders.
Friday, March 09, 2007A new group bidding to operate racing in New York includes Las Vegas casino operator Steve Wynn. The group also includes an unidentified racetrack operator.
Thursday, March 08, 2007Two new groups, including a mystery entity, have joined the process to try to win the state Thoroughbred racetrack franchise now held by the New York Racing Association.
Wednesday, March 07, 2007A New York state government panel is being created to evaluate groups interested in taking over the franchise to operate Aqueduct, Belmont, and Saratoga racetracks, a process that suddenly makes wide open the race to replace the New York Racing Association.
Wednesday, February 28, 2007Officials said New York Gov. Eliot Spitzer doesn't plan to reopen the bidding process for the state's Thoroughbred franchise--but he doesn't feel obligated to follow the recommendation of a screening panel, either.
Wednesday, February 21, 2007The New York Racing Association has another losing month. NYRA reported losses of $3.9 million in January to the bankruptcy court.
Friday, February 16, 2007The New York State Racing and Wagering Board has turned off the New York Racing Association's simulcast signal to an estimated two dozen account wagering outlets. Regulators criticized NYRA for delays in submitting contracts to the agency for review, a delay that cost the racing entity about $25,000 in Aqueduct betting revenues Feb. 1, the first day of the signals being cut.
Thursday, February 01, 2007New York state officials said talks are under way to permit construction to proceed on a casino at Aqueduct, and a crack has opened to possibly permit more video lottery terminals in the state. Additionally, there is a plan by the state to provide more public assistance to keep the New York Racing Association afloat through 2007.
Wednesday, January 31, 2007The New York Racing Association, currently seeking Chapter 11 bankruptcy protection, reported an operating loss of more than $7 million in December.
Friday, January 26, 2007The state of New York has filed a motion to have the New York Racing Association's bankruputcy petition dismissed.
Friday, January 05, 2007The New York Racing Association is asking a federal bankruptcy judge to halt the state's plan to turn Aqueduct, Belmont Park, and Saratoga over to the next Thoroughbred franchise-holder.
Wednesday, December 13, 2006New York Yankees partner Steve Swindal said his Excelsior Racing Associates group is already discussing future track management and laying plans to take over racing in New York on Jan. 1, 2008 when, he believes, Excelsior will begin operating Aqueduct, Belmont, and Saratoga racetracks.
Friday, December 08, 2006An appeals court in Albany, N.Y., upheld trainer Todd Pletcher's 45-day suspension and $3,000 fine Dec. 7, dismissing his challenge to the penalties for using an anesthetic on one of his horses too close to a race in 2004.
Thursday, December 07, 2006Empire Racing Associates said it is willing to put more money on the table for the state of New York in order to win the franchise to run racing over the next 20 years at Aqueduct, Belmont, and Saratoga racetracks.
Wednesday, December 06, 2006New York's largest off-track betting corporation wants to be able to merge with the next holder of the state's Thoroughbred franchise to help end the "perpetual cycle of conflict'' between tracks and OTBs.
Friday, December 01, 2006MGM Mirage, keeping a watchful eye on developments for New York's Thoroughbred franchise, is preparing to move ahead with plans to construct a casino at Aqueduct.
Tuesday, November 28, 2006The New York Racing Association is considering pulling the simulcast signal sent to New York City Off-Track Betting Corp.'s in-home bettors.
Wednesday, November 22, 2006Excelsior Racing Associates has been selected by a state government committee in New York to be the next holder of the franchise to run racing at Aqueduct, Belmont and Saratoga racetracks.
Tuesday, November 21, 2006A state panel in New York is poised to recommend its choice for a new franchise holder to run racing at Aqueduct, Belmont, and Saratoga racetracks on Tueday, Nov. 21.
Monday, November 20, 2006The state of New York has wired the New York Racing Association $8 million to help ease its immediate fiscal troubles, a funding stream that surprised NYRA officials who earlier in the day had been in court on their first hearing after filing for Chapter 11 bankruptcy protection.
Friday, November 03, 2006The New York Racing Association has filed for Chapter 11 bankruptcy protection, charging that the state of New York's failure to approve a long-stalled casino project for Aqueduct Racetrack has pushed it toward insolvency.
Thursday, November 02, 2006The New York Racing Association will get its $19-million bailout from state government provided it gives assurances that it "does not anticipate" filing for bankruptcy protection in the next six months.
Monday, October 30, 2006With New York Racing Association officials threatening to seek bankruptcy protection, state officials are rushing to complete a deal by Oct. 30 to get government bailout money flowing to the financially ailing NYRA.
Saturday, October 28, 2006The state panel considering bids for a new Thoroughbred franchise in New York has eliminated one of the potential suitors.
Friday, October 27, 2006The New York legislature's top Republican believes the New York Racing Association will soon get the remaining $19-million state bailout to keep it from seeking bankruptcy protection.
Monday, October 16, 2006The head of a group vying to take over the Thoroughbred franchise from the New York Racing Association is urging Gov. George Pataki to release already-promised state funds to the financially ailing franchise holder.
Friday, October 13, 2006The head of a group vying to take over the Thoroughbred franchise from the New York Racing Association is urging Gov. George Pataki to release already-promised state funds to the financially ailing franchise holder.
Friday, October 13, 2006With the future of the racing industry in New York up in the air, the most immediate beneficiaries appear to be state officials running for office this fall, thanks to a steady flow of money from individuals and companies tied in one way or another to the Thoroughbred franchise renewal process.
Monday, October 09, 2006The New York Racing Association is to blame for the delays in state approvals needed to begin construction on the long-stalled Aqueduct casino project, the leaders of the New York Thoroughbred Horsemen's Association claim.
Thursday, October 05, 2006Next week's deadline by a New York state panel to offer its non-binding choice for a new operator of the state's three major Thoroughbred racetracks will not be met, the chairman of the committee said.
Friday, September 22, 2006A group vying to replace the New York Racing Association as operator of three Thoroughbred racetracks has joined NYRA's effort to get the state to release $19 million in funding for the financially ailing operator.
Thursday, September 21, 2006New York's top fiscal officer has warned a state agency that its delay in approving a video lottery terminal casino contract for Aqueduct is costing the state needed revenue and risking bankruptcy for the New York Racing Association.
Tuesday, September 19, 2006A top Las Vegas casino company is assuring New York officials it's anxious to get started with construction of a video lottery terminal casino at Aqueduct.
Friday, September 15, 2006Officials in New York are considering pushing back the Sept. 29 deadline for the recommendation by a state panel on which entity should be awarded the franchise now held by the New York Racing Association.
Thursday, September 14, 2006The New York Racing Association is facing the same financial crisis as it did a year ago unless the state opens its wallet with cash advances that have already been approved by the state legislature.
Wednesday, September 13, 2006A group vying to take over the New York Racing Association's Thoroughbred franchise has added the state's former top racing regulator and a veteran trainer to its ranks.
Thursday, August 03, 2006Bidders vying for the major Thoroughbred franchise in New York blew their own horns -- and did a bit of not-so-subtle bashing of each other -- before an Aug. 1 who's who of racing industry insiders, including members of a state panel considering the bids to operate Aqueduct, Belmont, and Saratoga racetracks.
Tuesday, August 01, 2006Empire Racing Associates has added another potent partner, Woodbine Entertainment Group, to its team vying to take over the franchise to operate Aqueduct, Belmont and Saratoga racetracks.
Thursday, July 27, 2006The surprisingly large influx of campaign contributions from breeders and horse owners in Kentucky, California and elsewhere to the New York gubernatorial campaign of Eliot Spitzer did not come from individuals secretly vying to obtain the New York Racing Association franchise, according to one of the top donors.
Friday, July 21, 2006Groups and individuals trying to influence the future direction of horse racing in New York have opened their wallets to statewide candidates and campaigns of legislators who will have a role in picking a new owner of the franchise to operate Aqueduct, Belmont, and Saratoga racetracks.
Wednesday, July 19, 2006The deadline for bids for the franchise now held by the New York Racing Association has been bumped backed slightly due to the illness of the top staff member overseeing the process.
Friday, July 14, 2006A who's who of racing industry heavyweights formally notified New York state June 30 of their interest in obtaining the franchise now held by the New York Racing Association to operate Aqueduct, Belmont, and Saratoga racetracks.
Friday, June 30, 2006The New York Racing Association will include a for-profit partner in its bid to hold onto the state franchise to operate Aqueduct, Belmont, and Saratoga racetracks, NYRA president Charles Hayward said June 26.
Monday, June 26, 2006A long-simmering dispute between top Republicans in New York over the composition of the state racing and wagering board has been settled with the nomination by Gov. George Pataki of two new members to the racing industry's regulatory panel.
Thursday, June 22, 2006Internet gambling on horse races would become legal under a measure given final approval by the New York State Legislature.
Wednesday, June 21, 2006The long-awaited Request For Proposals for the franchise to operate racing at Aqueduct, Belmont and Saratoga was approved for release June 13 by a state government panel, though it appears increasingly unlikely the winning bidder will be selected this year.
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