New York Gov. Andrew Cuomo today signed a new law creating a three-year takeover by the state of the embattled New York Racing Association.
Legislation making it more attractive to breed horses in New York has been signed into law by Gov. Andrew Cuomo.
New York Gov. Andrew Cuomo and legislative leaders have reached an accord on the temporary takeover of the New York Racing Association by the state government.
Legislation is popping up in New York to permit additional casinos across the state, with other versions of bills placing the expanded gambling offerings at existing racetrack casinos.
New York state officials have agreed to seek approval of a constitutional amendment to permit expansion of Las Vegas-style casino gambling on non-Indian lands.
New York legislators want to make it easier for the state's tracks to work together, and to provide more incentives for ontrack patrons.
New York regulators are creating a panel of racing fans to help provide new ideas to pump life into the state's struggling Thoroughbred and harness industries.
Efforts to realign the struggling racing and off-track betting industry in New York have failed another annual legislative session at the state Capitol in Albany June 23.
A resolution has been introduced in the New York State Senate to permit privately owned casinos in four counties that are also home to racetracks.
A proposed 2.75% state surcharge on purses on New York races was rejected by lawmakers in a last-minute round of state budget talks at the Capitol in Albany.
With a 2.75% proposed surcharge on purses, New York lawmakers look to find alternate ways to make up the gap; disagree on how to proceed.
Another off-track betting corporation in New York State is facing mounting fiscal problems and is considering Chapter 9 bankruptcy protection.
New York State will lose money and the racing industry severely dented if the go-ahead is given to a Wisconsin Indian tribe to build a casino in the Catskills resort region, a top Democratic lawmaker said Feb. 2.
Seeking to make long-stalled legislative gains in the aftermath of the New York City Off-Track Betting Corp.'s shutdown, a number of racing interests are stepping up efforts to create a single, statewide OTB network.
Despite a furious push into the night Dec. 9 by unions to get the state Senate back to Albany to try another vote, the New York City Off-Track Betting Corp. remains closed with bettors fleeing its ADW accounts by the hour.
State officials threatened to close the New York City Off-Track Betting Corp. as early as next month, creating "chaos" and costing the racing industry thousands of jobs.
A tentative deal has been reached to let the New York Racing Association and other tracks take over the advanced deposit wagering system now run by the giant New York City Off-Track Betting Corp.
Two New York lawmakers say the $125,000 per month salary of the new NYCOTB president is illegal and have called for an investigation into his hiring.
New York State lawmakers on May 24 approved a $25 million loan for the New York Racing Association, keeping the racetrack operator solvent for at least the rest of the year and avoiding a shutdown of its operations.
Negotiators are closing in on a deal to keep the money-losing New York City Off-Track Betting Corp. alive for another year, but last-minute sticking points have been jamming up a final agreement the past 24 hours.
- By Tom Precious
Legislation introduced April 2 would permit a New York state government panel to take over the operations of the New York City Off-Track Betting Corp. if it shuts down.
With talks to avoid a shut-down of its operations so far stalled, NYCOTB has floated a plan to state officials to permit it to withhold certain payments to tracks and others to remain solvent the next three months
State lawmakers March 10 urged Gov. David Paterson, who is considering pulling the plug on Aqueduct Entertainment Group's casino deal at Aqueduct, to pick from one of the remaining bidders if the AEG contract is scuttled.
Three casinos would be permitted in New York's Catskills tourist region under a constitutional amendment introduced in the Legislature for consideration next year.
A state panel overseeing the Thoroughbred racing franchise bidding process in New York could ask potential bidders to reply to three different requests for proposal that will vary depending on the future value of the franchise.
After months of delay, the final members of a panel overseeing the Thoroughbred racetrack franchise process in New York have been named.
The use of phenylbutazone would be permitted on race days in New York under legislation recently proposed by Assemblyman Gary Pretlow, a Yonkers Raceway booster. In New York, the pain-killer can't be administered to a horse within 48 hours of a race.
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