New 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.
The New York comptroller has called on the Ad Hoc Committee on the Future of Racing in New York to supplement its request for proposals for Thoroughbred racing franchise-holders to require respondents to specifically address initiatives intended to ensure the integrity of racing and wagering recommended in 2005 by court-appointed federal monitor Getnick & Getnick.
New York's top fiscal watchdog has issued a scathing financial audit of the New York Racing Association--findings he claims are so troublesome that most members of the current NYRA board should resign.
A New York state authority that supports Standardbred purses and breeding has lax internal financial controls, according to an audit released Tuesday by state Comptroller Alan Hevesi.
A Manhattan law firm with broad investigative experience has been named by a federal judge to oversee the finances and operations of the New York Racing Association to ensure it is in compliance with an oversight process ordered last year by the U.S. Attorney's office.
The U.S. Attorney's Office is seeking someone to oversee the recently indicted New York Racing Association, which can avoid prosecution on the indictment if its monitor says it has stayed clean.
The trustees of the New York Racing Association, a target of allegations of wrongdoing and mismanagement, met in private Sept. 24 to devise ways to keep from losing the franchise to operate the state's premier Thoroughbred tracks.
A draft audit by New York state comptroller Alan Hevesi found the New York Racing Association has come up short in payments to purses and state franchise fees.
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