Pennsylvania legalized poker, blackjack and other table games at slots casinos Jan. 7, upping the ante in the increasingly fierce competition among states for gamblers' money.
The New York legislature's top Republican believes the New York Racing Association will soon get the remaining $19-million state bailout to keep it from seeking bankruptcy protection.
Officials in New York are considering pushing back the Sept. 29 deadline for the recommendation by a state panel on which entity should be awarded the franchise now held by the New York Racing Association.
New York Attorney General Eliot Spitzer, the frontrunner in the New York governor's race, said he wants the franchise to run Thoroughbred racing in the state to be awarded sooner than later, and indicated the decision doesn't have to wait until the next governor takes over in 2007.
A deal to provide a $20-million bailout to the New York Racing Association received Senate approval March 1 and heads to Gov. George Pataki for his signature.
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.
New York would add three additional casinos featuring video lottery terminals, which would be permitted to locate near the New York Racing Association's future Aqueduct racino, Gov. George Pataki proposed Jan. 17.
A New York state government panel approved a $5-million loan for the New York Racing Association Jan. 9 to keep the association afloat during its 2006 racing season.
New York Gov. George Pataki is offering $10 million in immediate aid to help keep the ailing New York Racing Association from insolvency, and he pledged to work with legislators on another measure to lend NYRA cash against its future gaming proceeds.
Due to his appointment to the Committee on the Future of Racing in New York, Jack Knowlton, managing partner of Sackatoga Stable, has resigned from the board of directors of Friends of New York Racing.
An omnibus racing bill with provisions that include creation of a new state panel to oversee the operations of the New York Racing Association has been signed into law by New York Gov. George Pataki.
A measure to increase the share of video lottery terminal revenue for New York racetracks, as well as jump-start the long-stalled VLT casinos at Aqueduct and Yonkers Raceway, has been given final approval by Gov. George Pataki.
The Republican-led Senate and Democratic-run Assembly in New York have introduced legislation to sweeten the pot for racetracks with video lottery terminals, though the measure restricts the amount of extra money that would go to Aqueduct and Yonkers Raceway compared to other tracks.
The New York Assembly has rejected proposals by Gov. George Pataki to create an oversight board to monitor the New York Racing Association, form a super-agency to oversee all aspects of gambling, and create eight additional video lottery terminal casinos.
A New York appeals court July 7 said the revenue-sharing agreement for racetrack video lottery gambling is unconstitutional, a decision that raises new questions about a program that has stalled at the state's biggest tracks.
Monticello Raceway in New York's Catskill mountains resort region would become the home of a $500-million, Las Vegas-style casino under a deal announced by Gov. George Pataki and the Cayuga Indian tribe.
New York Gov. George Pataki May 27 proposed a complete overhaul of racing laws in the state, a move that would block the New York Racing Association's bid to get its racetrack franchise extended this year, and provide incentives to get video lottery terminals in operation at Aqueduct.
Just a month before he proposed a dramatic expansion of gambling with video lottery terminals across the state, New York Gov. George Pataki told a state appeals court the devices would be limited to racetracks under a 2001 law.
New York Gov. George Pataki has proposed new competition for racetracks with a plan to have the state sell eight video lottery terminal franchises to hotels, off-track betting parlors, and other entities.
Track operators in New York are gearing up for a major lobbying battle against an effort to spread video lottery terminals beyond the state's horse racing industry.
Video lottery terminals would be permitted at off-track betting facilities in New York under a plan being considered by state budget negotiators. The idea is being promoted to deal with another huge, multibillion-dollar budget looming over the next two years and a failure by racetracks to get VLTs up and running quickly enough to send revenue-sharing money to the state.
Legislation designed to make it easier for New York tracks to coordinate racing schedules and sell their products jointly has been vetoed by Gov. George Pataki, who said the bill could "work to the detriment of New Yorkers who patronize horse racing and betting facilities."
The longtime head of a quasi-state agency charged with financing improvements at New York's top Thoroughbred racetracks has resigned under a cloud, government officials said Oct. 9.
The gubernatorial veto of a new video lottery terminal plan in New York was overridden May 15 by the state legislature, seemingly putting an end to months of uncertainty over the legislation.
New York City off-track betting parlors would be permitted to install up to 4,500 video lottery terminals under a proposal made May 13 by Gov. George Pataki.
A deal to bring video lottery terminals to New York racetracks with an increased slice of the pie for track operators includes other provisions, including removal of restrictions on pari-mutuel takeout. The VLT deal is expected to bring the state $165 million this year, legislative sources said.
New York is poised to give a greater share of video lottery terminal revenue to racetracks and at the same time add more to education, New York Racing Association chairman Barry Schwartz said April 18.
Top government officials have shot down reports New York City Off Track Betting Corp. may be in line to get video lottery terminals for its betting parlors.
The head of the New York Senate racing committee is pressing a new video lottery terminal plan that would give more money to racetracks and purses by giving back less in winnings to bettors.
A senior adviser to New York Gov. George Pataki is joining the New York Racing Association as its new general counsel, officials said June 12.
As racetracks continued to insist they can't make money off New York's new video lottery terminal program, Gov.George Pataki released a state budget proposal that for the first time projects revenue for government from the gambling devices.
- By Tom Precious
Officials in New York are closing in on a historic gambling package that would give some racetracks video lottery terminals, permit up to six Indian-owned casinos in western New York and the Catskill Mountains, and expand the
state's lottery offerings.
Negotiators are closing in on a deal that could lead to legislation vastly expanding gambling in New York, including authorization for some racetracks to offer video lottery terminals.
New York Gov. George Pataki is quietly floating a plan to permit video lottery terminals only at Aqueduct racetrack on an experimental basis, sources at the state capital said. The plan is said to ignore the Standardbred industry, which has lobbied hard for VLTs.
New York Gov. George Pataki and the Seneca Indian Nation have struck a deal to bring three Las Vegas-style casinos to western New York in a bid to directly compete with a casino and racetrack with slot machines in nearby Canada. Though the casinos would pose a competitive threat to the region's Thoroughbred and Standardbred racetracks, racing insiders were beaming, because the casino deal with the Indians would make their task of selling a racetrack video lottery terminal proposal much easier.
A state judge in New York has slapped down the governor's ability to negotiate casino deals on his own with Indian nations -- a major ruling that could halt a number of efforts under way by tribes to build new casinos.
The long process to name a purchaser for New York City Off-Track Betting Corp. reached an expected final step when city government narrowed the field to two final bidders: a consortium headed by the New York Racing Association, and another by Magna Entertainment. Meanwhile, Gov. George Pataki, in a brief interview this week, said he favors the sale of NYCOTB. Pataki, who can kill any deal when it comes to Albany for review, has been largely silent on the issue in recent months.
Bennett Liebman, who served on the New York State Racing and Wagering Board for 12 years, has accepted a job as counsel to the House racing committee chairman in New York.
Most Popular Stories
- Leave the Light On Off Derby Trail
- The Legacy of Gone West
- First Reported Foal for Jimmy Creed
- Honor Code, Top Billing Near 4YO Debuts
- OBS March 2YO Sale Set for March 17-18
- Australia Expects 3.3% Drop in 2015 Foal Crop
- Monmouth Announces 2015 Stakes Schedule
- Fair Grounds to Host 'Rosie Day' Feb. 21
- Average Up, Median Steady as Karaka Sale Ends
- Sabercat to Averett Farm in Louisiana