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.
The New York Racing Association has been granted another temporary extension to continue operating during most of the Saratoga meet while it negotiates a final deal with the state for a 25-year franchise.
The outspoken leader of Capital Play, one of the entities vying for the big Aqueduct video lottery casino deal, is stepping down.
With closed-door talks failing to produce a deal on a new Thoroughbred franchise in New York, state officials have begun discussing getting the framework of a deal in place before a Dec. 31 deadline with passage of an agreement by the legislature in early January.
Woodbine Entertainment has dropped out of Empire Racing Associates, a week after the group bidding on the New York Racing Association's franchise lost several of its other major partners.
A consortium of major horse industry companies vying for the Thoroughbred franchise in new York began falling apart Oct. 10, as Magna Entertainment and Churchill Downs announced their withdrawal from Empire Racing Associates.
In an Aug. 25 news conference at Saratoga Race Course, New York Gov. Eliot Spitzer said he may not meet the Sept. 4 deadline to make a recommendation as to which organization should receive the franchise to run racing at the Aqueduct, Belmont, and Saratoga racetracks.
In an Aug. 23 presentation at the Saratoga Hotel and Conference Center in Saratoga Springs, N.Y., Capital Play CEO Karl O'Farrell called Saratoga Race Course the "crown jewel of New York racing" and pledged his company's commitment to maintaining the historical significance of the track should Capital Play gain the governor's recommendation for the 20-year franchise to operate Belmont, Aqueduct, and Saratoga race courses.
New York Gov. Eliot Spitzer is asking the four entities vying for the state's Thoroughbred franchise to re-submit their bidding packages to reflect changes made in their structure and plans over the past year. He also opened the door for any of the existing bidders to join forces in a joint venture deal.
Mohegan Sun, which operates one of the world's most successful casinos in Connecticut, has formed a partnership with one of the bidders hoping to run Thoroughbred racing in New York state.
A report by the New York Office of Inspector General to Gov. Eliot Spitzer lists four "general areas of concern" among the four entities seeking the franchise to operate Aqueduct, Belmont Park, and Saratoga, including relationships with rebate shops and bookmakers who take bets on racing from the United States.
The Spitzer administration has floated a plan to link the New York Racing Association with Excelsior Racing Associates to run racing and casino operations at Aqueduct, Belmont and Saratoga racetracks.
New York state officials told three Thoroughbred franchise bidding groups they want to let the New York Racing Association continue running the state's major racetracks and begin a new bidding process for rights to operate casinos at Aqueduct and Belmont Park.
Capital Play, one of four bidders for the New York Thoroughbred racing franchise, said June 7 it would funnel $45 million to equine and community programs over a 20-year period should it win the right to operate Aqueduct, Belmont Park, and Saratoga.
New York officials have called a meeting with the four Thoroughbred franchise bidding groups for June 8 to discuss the future "structure" of the franchise to operate Aqueduct, Belmont Park, and Saratoga.
Former jockey and Hall of Fame member Steve Cauthen, who became the youngest rider to win the Triple Crown when he rode Affirmed to sweep the three classic races as an 18-year-old in 1978, has joined the team of Capital Play, one of four bidders engaged in competition for the franchise rights to Aqueduct, Belmont Park, and Saratoga in New York.
The New York Racing Association keeps bleeding funds, according to the racing group's latest disclosure to a federal bankruptcy judge overseeing its reorganization.
Four groups vying for the franchise to operate Aqueduct, Belmont Park, and Saratoga will present their proposals during hearings April 10-11 in Albany, N.Y.
Steve Swindal, the New York Yankees executive embroiled in divorce proceedings with the daughter of George Steinbrenner, has dropped out of Excelsior Racing Associates, one of four groups vying to win the New York Thoroughbred franchise whose proposals were made public April 5.
Four groups have submitted bids to operate New York's Thoroughbred racing franchise, and a final decision could be made by the end of May.
Two 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.
The state panel considering bids for a new Thoroughbred franchise in New York has eliminated one of the potential suitors.
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