Peter Karches resigned his position as co-chairman of the New York Racing Association at a board of trustees meeting in Manhattan Dec. 7. He will remain a member of the board.
The New York Racing Association has made significant strides to improve its operations and to bolster the integrity of the racing industry, according to the federal monitor assigned to oversee NYRA during its deferred prosecution period.
A secret group interested in bidding for the racetrack franchise now held by the New York Racing Association is urging the U.S. Attorney's office to prosecute the racing entity.
The court-appointed monitor overseeing the New York Racing Association said his job is to bring "structural reforms" to NYRA, not tear it down with "scandal of the week" announcements.
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