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The New York Racing Association is under scrutiny by Gov. Andrew Cuomo like it was when his father, Mario Cuomo, was New York governor 20 years ago.
Monday, May 07, 2012
Six months into the year, a state-ordered review of the New York Racing Association's 2009 budget has still not received approval from a government oversight panel.
Thursday, May 28, 2009
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.
Tuesday, December 09, 2008
The New York Racing Association is expected to emerge from Chapter bankruptcy and make official its 25-year franchise extension Sept. 12.
Friday, September 12, 2008
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.
Friday, July 11, 2008
The outspoken leader of Capital Play, one of the entities vying for the big Aqueduct video lottery casino deal, is stepping down.
Thursday, July 10, 2008New York Gov. David Paterson sent mixed signals about reopening the deal giving the New York Racing Association a 25-year franchise extension to operate Aqueduct, Belmont, and Saratoga racetracks.
Wednesday, May 28, 2008
With the March 12 announcement of the resignation of New York Gov. Eliot Spitzer effective March 17, officials at the New York Racing Association said they don't anticipate his resignation would affect recent legislation that grants NYRA a new franchise. It could, however, impact other aspects of the franchise moving forward.
Wednesday, March 12, 2008
The New York Racing Association, which has had to delay its emergence from Chapter 11 bankruptcy protection, was given another extension by the state to continue racing at its tracks.
Friday, March 07, 2008
Officials cautioned that a delay in the New York Racing Association emerging from Chapter 11 bankruptcy protection is not a sign of a larger problem for the deal giving NYRA a new 25-year franchise extension.
Tuesday, March 04, 2008
Relief, tempered with caution about the future, was the word among some of New York's owners and breeders the day after it was announced that the New York Racing Association struck a deal with the state to operate racing at Aqueduct, Belmont Park, and Saratoga for the next 25 years.
Thursday, February 14, 2008
While unveiling what he called the framework of a Thoroughbred franchise agreement, Senate Majority Leader Joseph Bruno blasted the New York Racing Association Feb. 7 for attempting to scare its workers and horsemen by threatening a shutdown Feb. 14.
Thursday, February 07, 2008
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.
Wednesday, February 06, 2008
Charles Wait, president of the Adirondack Trust Company in Saratoga Springs, N.Y., has resigned from his position on the New York Racing Association's board of trustees, citing his dissatisfaction with the position of Senate Majority Leader Joseph Bruno as the main reason for his decision.
Friday, February 01, 2008
With another deadline looming that could shut down racing at Aqueduct Feb. 14, rumors are circulating among horsemen that the New York Racing Association might not be willing to accept another temporary extension to keep racing going.
Wednesday, January 30, 2008
Negotiators in New York have agreed to another temporary extension to keep racing operating while talks continue on a longer-term franchise deal to operate Aqueduct, Belmont Park, and Saratoga, officials said Jan. 21.
Monday, January 21, 2008
The New York Thoroughbred Horsemen's Association released a statement Jan. 10 urging the state to address issues of importance to the 6,000 members of its group as negotiations continue on the long-term extension of the New York Racing Association franchise.
Friday, January 11, 2008
A group of New York jockeys is asking all parties in the ongoing negotiations for the New York racing franchise to come up with creative solutions to the problems facing the industry.
Tuesday, January 08, 2008
The temporary extension given to the New York Racing Association to operate Aqueduct has allowed government officials to boost the rhetorical wars against each other over the failure to devise a long-term franchise deal.
Thursday, January 03, 2008Racing will continue to be run at Aqueduct on New Year's Day under an agreement reached Dec. 31, but government negotiators failed to resolve the permanent Thoroughbred franchise issue in New York.
Monday, December 31, 2007
Though 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, NYRA struck a deal with the state to continue operating Aqueduct through Jan. 23.
Saturday, December 29, 2007
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.
Friday, December 28, 2007
The new head of a state government panel that will oversee Thoroughbred racing in New York Jan. 1, 2008, said he could not guarantee that horses will be running at Aqueduct in two weeks.
Friday, December 21, 2007
A state government panel in charge of overseeing the New York Racing Association's finances--and the racing franchise as of Jan. 1, 2008--has a new chairman at a critical moment in the franchise negotiations.
Thursday, December 20, 2007
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.
Monday, December 17, 2007
The New York Racing Association can agree to new performance benchmarks for its operations as part of a franchise extension deal, but state officials must be more flexible to take into account future changes in the racing industry that could affect those new standards, according to the president of NYRA.
Saturday, December 15, 2007
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.
Wednesday, December 12, 2007A federal bankruptcy court judge has paved the way for the New York Racing Association to emerge from Chapter 11 protection pending the outcome of a vote by creditors.
Wednesday, November 28, 2007
Aqueduct's winterized inner track opens Nov. 28, but not without trepidation from horsemen concerning the future of New York Thoroughbred racing.
Monday, November 26, 2007The New York Racing Association is proposing to keep 17.5 acres of land adjacent to Aqueduct after it gives up it land claims to the state of New York, according to amendments filed to its Chapter 11 bankruptcy reorganization.
Wednesday, November 21, 2007
With a franchise expiration date of Dec. 31 fast approaching, it still remains very unclear who will be in control of Aqueduct, Belmont Park, and Saratoga in 2008 and beyond.
Thursday, November 08, 2007
The top Republican in the New York legislature, after months of pessimistic offerings, believes a deal on the state's Thoroughbred franchise could be struck before Thanksgiving if "productive" talks are successful.
Monday, November 05, 2007
The New York Racing Association can add the Internal Revenue Service to its list of obstacles, as the federal agency wants NYRA to pay it $1.6 billion to settle past tax bills.
Thursday, November 01, 2007
The New York Racing Association has filed a Chapter 11 plan in which it plans to surrender a claim of ownership to Thoroughbred tracks in exchange for the right to run the facilities for the next 30 years.
Thursday, October 25, 2007
A new state corporation would be created to select new operators of New York's three-track Thoroughbred racing franchise under a plan by the Republican-led state Senate.
Tuesday, October 16, 2007Seven entities have expressed interest in running a future video lottery terminal casino at Aqueduct, including several Indian-owned gambling companies, the Spitzer administration said Oct. 15.
Monday, October 15, 2007
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.
Thursday, October 11, 2007A consortium of major horse industry companies vying for the Thoroughbred franchise in New York began falling apart Oct. 10, as Magna Entertainment Corp., Churchill Downs Inc., and Delaware North announced their withdrawal from Empire Racing Associates.
Wednesday, October 10, 2007
People who live near Belmont Park got a chance to voice their opinions about the franchise to operate Thoroughbred racing at three tracks in New York.
Monday, October 01, 2007Issues related to Belmont Park and the surrounding community will be the focus of the next New York Senate hearing on the franchise to operate the three-track Thoroughbred racing franchise.
Friday, September 28, 2007
The Spitzer administration has defended its recommendation of the New York Racing Association to run the state's Thoroughbred racing franchise.
Thursday, September 27, 2007
The New York Senate Standing Committee on Racing, Gaming, and Wagering will hold the first of three public hearings on the future of the Thoroughbred racing franchise in the state Sept. 27.
Wednesday, September 26, 2007With the deadline ticking before New York's Thoroughbred racing franchise expires, the state Senate has announced three public hearings to consider the future of the industry in New York.
Tuesday, September 18, 2007New York's top Republican lawmaker said a plan by Gov. Eliot Spitzer to give another exclusive racing franchise to the New York Racing Association will not be approved by the legislature in its current form.
Wednesday, September 12, 2007The franchise to operate Aqueduct, Belmont Park, and Saratoga will be front and center Sept. 12 during a meeting of the New York Senate Committee on Racing, Gaming, and Wagering.
Tuesday, September 11, 2007
New York Gov. Eliot Spitzer has formally recommended the New York Racing Association continue to operate Aqueduct, Belmont Park, and Saratoga racetracks while a separate operator for future casino developments at Aqueduct and possibly Belmont would be tapped down the road.
Tuesday, September 04, 2007
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.
Monday, September 03, 2007The New York Senate Committee on Racing, Gaming, and Wagering will hold a meeting Sept. 12 to review Gov. Eliot Spitzer's anticipated recommendation regarding the franchise to operate Aqueduct, Belmont Park, and Saratoga.
Thursday, August 30, 2007
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.
Sunday, August 26, 2007In 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.
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