The rejuvenated New York Racing Association has big plans for its new 25-year franchise, but president and chief executive officer Charles Hayward said Dec. 9 the organization has to plan wisely should revenue sources dry up.
The New York Racing Association, created more than 50 years ago to bolster the Thoroughbred industry, took on a new life Sept. 12 with the formal approval by the state of a new 25-year franchise to exclusively operate Aqueduct, Belmont, and Saratoga racetracks.
Attendance and handle declined during the 2008 meeting at Saratoga, although the track staged a significant rebound during the second half of the 36-day summer stand.
A severe summer thunderstorm, complete with heavy rain, hail, and lightning, washed out part of the main track at Saratoga, forcing the cancellation of racing after the second race Aug. 8.
Three Chimneys Farm has become the two-year title sponsor of the Hopeful Stakes (gr. I) at Saratoga, the New York Racing Association announced Aug. 4.
The New York Racing Association Aug. 1 announced that John Passero has resigned as director of racing surfaces, effective at the conclusion of the Saratoga meeting Sept. 1. Glen Kozak will take over Passero's responsibilities at the start of the Belmont Park meeting Sept. 5.
Handle and attendance are down through the first week of the 2008 Saratoga meeting, the New York Racing Association reported July 28.
All-sources handle declined 2.2% during the recently-concluded Belmont Park Spring/Summer meet, the New York Racing Association announced July 23.
The New York Racing Association held a press conference in Albany, N.Y., June 23 to discuss the upcoming 36-day Saratoga meet, which begins July 23 and runs through Sept. 1.
The New York Racing Association reported that 94,476 were on hand under sunny skies on a sweltering day at Belmont Park June 7 to witness yet another Triple Crown upset, with longshot Da' Tara going wire to wire in the 140th Belmont Stakes (gr. I). The victory ended heavily favored Big Brown's attempt to become the first Triple Crown winner since Affirmed in 1978.
NetJets and the New York Racing Association announced a marketing partnership for the 2008 Saratoga meet during a press conference in the Belmont Park press box June 6.
The New York Racing Association is prepared for the crowd that will on-hand to watch Big Brown attempt to become the first Triple Crown winner since 1978. It will be the first Triple Crown attempt since 2004 when Smarty Jones fell short.
The "Rags to Riches Belmont Bash," hosted by the New York Racing Association and The Jockey Club, will be held June 5 at the Clubhouse at Meadowbrook Pointe in Westbury, N.Y. Proceeds from the event will benefit the Grayson-Jockey Club Research Foundation and the Belmont Child Care Association. Tickets are $250.
The New York Racing Association reported total net operating losses of $34.28 million in 2007. That figure is nearly double from 2006, when total net losses reached $17.83 million.
A tentative deal is within reach to give the New York Racing Association a 25-year franchise to run Aqueduct, Belmont Park, and Saratoga, legislative sources said Feb. 6, the same day NYRA indicated live racing at Aqueduct could end Feb. 14.
- By Tom Precious
State racing regulators failed to approve a temporary license for the New York Racing Association to continue racing in January while talks about a permanent franchise deal continue.
With talks going down to the wire, the New York Racing Association has reached an agreement with a state government oversight panel to at least continue running racing on a brief, temporary basis.
A state government panel Dec. 17 approved letting the New York Racing Association continue running racing on a temporary basis until officials can agree on a new franchise-holder for Aqueduct, Belmont Park, and Saratoga.
Keeneland Association and the New York Racing Association are collaborating on a project to preserve NYRA's film and video archives, which span more than 100 years of racing.
New York Racing Association officials met with racing officials from Delaware Park, Monmouth Park, Meadowlands, and Philadelphia Park Casino & Racetrack Oct. 31 to discuss issues of mutual interest.
The New York Racing Association has invited representatives of racetracks in Delaware, New Jersey, and Pennsylvania to a meeting Oct. 31 to discuss topics of mutual interest.
A commitment to customer comfort and an increase in purses will greet fans when Aqueduct Racetrack opens the doors on its 45-day Fall Meet Oct. 24.
The 10-cent superfecta, a popular variation on an already popular wager, is coming to Belmont Park Sunday, September 30.
Saratoga wrapped up a strong 36-day meet Sept. 3 with solid gains in total handle, on-track handle, and attendance, and even set a record along the way.
Members of the New York Thoroughbred Horsemen's Association voiced their displeasure with the racing surfaces at Saratoga, Belmont Park, and Aqueduct during a meeting Aug. 31, but the New York Racing Association track superintendent later said he stands by the surfaces.
Hal Handel, a longtime executive with the New Jersey Sports and Exposition Authority and Greenwood Racing, is the new executive vice president and COO of the New York Racing Association.
The New York Racing Association has replaced starter Richard Brosseau and has promoted Roy Williamson to the position of starter following a rash of starting gate incidents at Saratoga Race Course.
Attendance, on-track handle, and all-sources handle remain up through three weeks of the Saratoga meet when compared with figures for the comparable period in 2006, the New York Racing Association announced Aug. 13.
Attendance, on-track handle, and total handle remained up through the first 11 days of racing at Saratoga.
Attendance, on-track handle, and total handle remained up through the first 11 days of racing at Saratoga Race Course.
Belmont Park's on-track handle, including simulcasts, increased 4.3% at the recently-concluded 59-day spring/summer Meet, the racetrack announced July 27.
The Saratoga meet got a quick jump out of the gate, with the New York Racing Association reporting a 14% increase in attendance and double-digit increases in handle during the first six days of the session.
A day after the head of the New York Racing Association expressed optimism about holding onto its Thoroughbred franchise, Gov. Eliot Spitzer praised the new leadership at NYRA for helping the group recover from its legal troubles.
Empire Racing Associates has accused two of its competitors of secretly meeting to discuss a possible joint venture involving New York's Thoroughbred franchise, which Empire contends violates state procurement rules involving collusion.
The New York Racing Association has officially announced the release of an Internet wagering application that allows New York fans full access to not only Magna/Churchill racetracks, but also those that have exclusive agreements with TVG.
The New York Racing Association keeps bleeding funds, according to the racing group's latest disclosure to a federal bankruptcy judge overseeing its reorganization.
This year's Belmont Bash will be held at the historic Hudson Theatre at the Millennium Broadway Hotel in New York City June 8. Benefiting Grayson-Jockey Club Research Foundation, the Bash will feature cocktails, dinner, and musical entertainment by the Beatles tribute band The Fab Faux. Tickets are $350.
The 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.
The 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.
Saratoga Race Course concluded its 2006 season Sept. 4 virtually even with last year's totals for on-track attendance and handle.
Issuing what he termed a "call to action to horsemen and all of the racing community," New York Racing Association president and chief executive officer Charles Hayward asked horsemen for their cooperation in lobbying Gov. George Pataki for immediate permission to install and operate 4,500 video lottery terminals that have been delayed at Aqueduct.
The 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.
The charity event formerly known as the Belmont Ball and the Belmont Celebration will have a new name, a new location, and a new entertainment format June 8.
Magna Entertainment would be interested in partnering with Churchill Downs for New York's potentially lucrative Thoroughbred racetrack franchise, but wants nothing to do with the New York Racing Association, Magna Chairman Frank Stronach said Jan. 24.
The New York Racing Association will have to raise pari-mutuel takeout if it is to obtain a $20-million loan from the state of New York, according to language buried in state budget bills introduced the week of Jan. 16.
With construction set to start on a video lottery terminal casino at Aqueduct in late January, racetrack, the New York Racing Association is pushing the state of New York to provide an additional $20-million bailout before spring.
New York Governor George Pataki and state officials agreed Dec. 30 to a $30 million bailout plan for the New York Racing Association to help stabilize its finances and keep racing going uninterrupted.
New York's top racing regulator said court action is still being considered as a result of the New York Racing Association's plans to auction off 19 pieces of artwork without first getting state approval.
A state oversight panel is recommending the New York Racing Association boost takeout, defer dues to the National Thoroughbred Racing Association, and get a cash advance from its casino partner in order to cope with NYRA's worsening fiscal picture.
The racing industry's major stakeholders in New York state, more accustomed to battling than cooperation, came together Tuesday, Nov. 15 for an unprecedented gathering to try to reach consensus on ways to improve the state of their financial affairs.
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