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J. Terrence Lanni, 68, the retired chief executive officer of MGM Mirage, raced several graded stakes winners.
Friday, July 15, 2011MGM Mirage is back in the hunt to develop New York City's only legal casino with word emerging May 14 that it has joined forces with two other entities trying to win the bid for a sprawling new gambling facility at Aqueduct Racetrack.
Thursday, May 14, 2009Mark Conner, a 16-year veteran of the gaming industry, has been named the new director of marketing at Fair Grounds Race Course & Slots.
Tuesday, September 16, 2008New York Gov. Eliot Spitzer is considering a new Thoroughbred racing franchise model in which separate entities would run the racing and gambling side of business at racetracks.
Friday, June 08, 2007MGM Mirage has ended its deal with the New York Racing Association to build and operate a video lottery terminal casino at Aqueduct.
Tuesday, May 01, 2007MGM Mirage, keeping a watchful eye on developments for New York's Thoroughbred franchise, is preparing to move ahead with plans to construct a casino at Aqueduct.
Tuesday, November 28, 2006The New York Racing Association will get its $19-million bailout from state government provided it gives assurances that it "does not anticipate" filing for bankruptcy protection in the next six months.
Monday, October 30, 2006With New York Racing Association officials threatening to seek bankruptcy protection, state officials are rushing to complete a deal by Oct. 30 to get government bailout money flowing to the financially ailing NYRA.
Saturday, October 28, 2006The head of a group vying to take over the Thoroughbred franchise from the New York Racing Association is urging Gov. George Pataki to release already-promised state funds to the financially ailing franchise holder.
Friday, October 13, 2006The head of a group vying to take over the Thoroughbred franchise from the New York Racing Association is urging Gov. George Pataki to release already-promised state funds to the financially ailing franchise holder.
Friday, October 13, 2006New York's top fiscal officer has warned a state agency that its delay in approving a video lottery terminal casino contract for Aqueduct is costing the state needed revenue and risking bankruptcy for the New York Racing Association.
Tuesday, September 19, 2006A top Las Vegas casino company is assuring New York officials it's anxious to get started with construction of a video lottery terminal casino at Aqueduct.
Friday, September 15, 2006The 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.
Wednesday, September 13, 2006The 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.
Monday, June 26, 2006The projected costs of the New York Racing Association's video lottery terminal casino keep soaring, and state officials are voicing renewed concerns about the delay in building the new gambling facility at Aqueduct racetrack.
Thursday, March 30, 2006New York state could reap at least $2.1 billion if it auctions off video lottery terminal franchises at Aqueduct and Belmont racetracks, sells the tracks now run by the New York Racing Association, and privatizes the six regional off-track betting corporations now scattered around the state.
Monday, February 27, 2006A revenue-sharing deal for video lottery terminals at Aqueduct would give horsemen 7.5% of gross gaming revenue for the first three years, and breeders 1.25% for the first five years, once the devices are operating.
Thursday, November 03, 2005The New York Racing Association will be placed under the watchful eye of a state oversight panel, Gov. George Pataki announced June 23, while the bidding process for the rights to the franchise to operate NYRA's three tracks will be accelerated.
Thursday, June 23, 2005The projected cost of building the long-planned video lottery terminal casino at Aqueduct has soared nearly 20% since it was first proposed several years ago, New York Racing Association officials said.
Thursday, May 12, 2005The New York legislature has given final approval to a measure to increase the share of video lottery terminal revenue for racetracks, as well as jump-start the long-stalled VLT casinos at Aqueduct and Yonkers Raceway.
Friday, April 01, 2005Lawmakers in New York have agreed to repair a state law that has kept Aqueduct and Yonkers Raceway from opening their video lottery terminal casinos in a deal that will bring the state up to $1 billion in revenue each year.
Friday, March 25, 2005The franchise for the New York Racing Association should be put out to bid and awarded to an entity that will turn the troubled racing group into a for-profit enterprise, the New York state Legislature's top Republican said Tuesday.
Tuesday, February 08, 2005A measure to encourage the operation of video lottery terminals at several big racetracks in New York, including the New York Racing Association's Aqueduct track, collapsed Aug. 12 in Albany amid industry infighting, political intrigue and head-butting among powerful lobbyists.
Thursday, August 12, 2004New York Republican officials are growing increasingly frustrated with Democrats who run the Assembly for blocking a measure to overhaul racing regulation and setting up a new state monitor to oversee the operations at the troubled New York Racing Association.
Thursday, June 17, 2004The New York state Senate June 3 gave quick approval to a plan to overhaul the regulation of racing in the state, including a provision designed to get video lottery terminals installed this year at Aqueduct.
Thursday, June 03, 2004New York state has no choice but to give the New York Racing Association an extension of its franchise if it wants to get video lottery terminals operating at Aqueduct, NYRA chairman Barry Schwartz said.
Tuesday, February 17, 2004MGM MIRAGE, the gaming and entertainment company that has a deal with the New York Racing Association to construct a video lottery terminal parlor at Aqueduct, is buying the company that owns Lincoln Park greyhound track in Rhode Island, and Arapahoe Park and three dog tracks in Colorado.
Thursday, January 29, 2004The New York Racing Association, under investigation for more than three years, was indicted Thursday on fraud and conspiracy charges. Besides the indictment of NYRA, the U.S. Attorney's office in Brooklyn also unsealed indictments against two former directors of the parimutuel department as well as four former tellers on conspiracy and tax fraud charges.
Thursday, December 11, 2003A top casino official from Las Vegas believes pari-mutuel wagering has its place in casinos, but he believes that position could be jeopardized if the rates charged for signals make simulcasts cost-prohibitive.
Tuesday, December 09, 2003A construction program that began 2 1/2 weeks ago to install video lottery terminals at Aqueduct racetrack in New York has been halted because of the ongoing criminal investigation of the New York Racing Association.
Friday, August 08, 2003The New York Racing Association cannot proceed with its video lottery terminal program unless it strikes a deal with its horsemen to reduce the revenue-sharing for purses in the later years of the program, NYRA chairman Barry Schwartz said.
Friday, May 09, 2003New 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.
Thursday, April 17, 2003The New York Racing Association has narrowed the choice of companies to run its future VLT betting operation at Aqueduct to two major casino firms: MGM Mirage and Trump Hotels & Casino Resorts.
Sunday, March 30, 2003J. Terrence Lanni, chairman and CEO of MGM Mirage, will be the keynote speaker at the National Thoroughbred Racing Association's annual meeting that will be held Sept. 29-Oct. 1.
Thursday, August 22, 2002MGM Mirage could take over efforts to build a riverboat casino in Rosemont, Ill., near O'Hare International Airport that would pump tens of millions of dollars into the horse racing industry.
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