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The New York Racing Association, struggling under federal bankruptcy protection, is awarding its non-union employees raises and pension increases, officials said May 31.
Thursday, May 31, 2007The president of the Saratoga Convention and Visitors Bureau will resign from the post June 29 to take the job of senior vice president of sales and market development for the New York Racing Association.
Wednesday, May 30, 2007New York officials are considering a major overhaul of the state's Thoroughbred racetrack industry, with an eye to possibly shutting down Aqueduct racetrack, having a new operator run Belmont and giving the New York Racing Association rights to operate Saratoga.
Wednesday, May 23, 2007Former jockey and Hall of Fame member Steve Cauthen, who became the youngest rider to win the Triple Crown when he rode Affirmed to sweep the three classic races as an 18-year-old in 1978, has joined the team of Capital Play, one of four bidders engaged in competition for the franchise rights to Aqueduct, Belmont Park, and Saratoga in New York.
Tuesday, May 22, 2007The New York Racing Association has officially announced the release of an Internet wagering application that allows New York fans full access to not only Magna/Churchill racetracks, but also those that have exclusive agreements with TVG.
Wednesday, May 16, 2007Empire Racing Associates has released the names of a team of racing-operations professionals, many from Churchill Downs Inc. and Magna Entertainment Corp., that will lead its racing transition team should Empire Racing be awarded the New York Thoroughbred racing franchise.
Friday, May 11, 2007Legislation passed by the New York Senate would increase for one year funding the New York Thoroughbred Horsemen's Association receives from purses.
Thursday, May 10, 2007New York Gov. Eliot Spitzer raised the possibility that a decision on who will be the next Thoroughbred racing franchise-holder in the state might not be made before the legislature ends its session near the end of June.
Wednesday, May 09, 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, 2007The New York Racing Association will become the first racing entity in New York to offer internet wagering. State regulators April 26 approved a NYRA application to permit the potentially lucrative form of gambling, beginning as soon as NYRA can start the venture.
Friday, April 27, 2007Four groups vying for the franchise to operate Aqueduct, Belmont Park, and Saratoga will present their proposals during hearings April 10-11 in Albany, N.Y.
Tuesday, April 10, 2007Steve Swindal, the New York Yankees executive embroiled in divorce proceedings with the daughter of George Steinbrenner, has dropped out of Excelsior Racing Associates, one of four groups vying to win the New York Thoroughbred franchise whose proposals were made public April 5.
Thursday, April 05, 2007A new report by the New York Senate Committee on Racing, Gaming, and Wagering lists the top 10 problems in horse racing in the state and solutions for them.
Wednesday, April 04, 2007Four groups have submitted bids to operate New York's Thoroughbred racing franchise, and a final decision could be made by the end of May.
Wednesday, April 04, 2007Excelsior Racing Associates lost some of its major backing April 1, with the announcement that the Steinbrenner family and a major New York City development firm will no longer be involved in the effort to obtain New York's lucrative Thoroughbred racing franchise.
Monday, April 02, 2007The reported departure of Steve Swindal from the New York Yankees--and his ties to the Steinbrenner family as well--has thrown into doubt the future of Excelsior Racing Associates, the group trying to take over New York's Thoroughbred racetrack franchise. Excelsior Racing, however, said Swindal remains an "integral part" of the team.
Thursday, March 29, 2007A joint venture led by Las Vegas casino developer Steve Wynn has dropped out of the running for the franchise to operate three New York racetracks.
Friday, March 23, 2007This year's Belmont Bash will be held at the historic Hudson Theatre at the Millennium Broadway Hotel in New York City June 8. Benefiting Grayson-Jockey Club Research Foundation, the Bash will feature cocktails, dinner, and musical entertainment by the Beatles tribute band The Fab Faux. Tickets are $350.
Tuesday, March 20, 2007The Hong Kong Jockey Club named Bill Nader, senior vice president and chief operating officer of the New York Racing Association, as its executive director of racing. The HKJC made the announcement March 15, and Nader is expected to assume his new position April 23. He agreed to serve in his new role for a minimum of three years.
Friday, March 16, 2007Live and simulcast racing at Aqueduct has been canceled for Friday, March 16.
Thursday, March 15, 2007March 31 is the deadline for bidders interested in the New York Thoroughbred franchise to submit proposals, and they also must undergo an "integrity review" by the state inspector general.
Thursday, March 15, 2007The Steve Wynn-led group interested in obtaining New York's Thoroughbred franchise says it wants to add a racetrack operator to its joint venture--and it could include entities already lined up with other bidders.
Friday, March 09, 2007By Ray Paulick -- Twenty years ago, in the infancy of whole-card simulcasting, there were fears that only the so-called "super tracks" would survive -- those offering the highest-quality racing signals to receiving sites around the country.
Tuesday, March 06, 2007A New York state government panel is being created to evaluate groups interested in taking over the franchise to operate Aqueduct, Belmont, and Saratoga racetracks, a process that suddenly makes wide open the race to replace the New York Racing Association.
Wednesday, February 28, 2007Officials said New York Gov. Eliot Spitzer doesn't plan to reopen the bidding process for the state's Thoroughbred franchise--but he doesn't feel obligated to follow the recommendation of a screening panel, either.
Wednesday, February 21, 2007The New York State Racing and Wagering Board has turned off the New York Racing Association's simulcast signal to an estimated two dozen account wagering outlets. Regulators criticized NYRA for delays in submitting contracts to the agency for review, a delay that cost the racing entity about $25,000 in Aqueduct betting revenues Feb. 1, the first day of the signals being cut.
Thursday, February 01, 2007New York state officials said talks are under way to permit construction to proceed on a casino at Aqueduct, and a crack has opened to possibly permit more video lottery terminals in the state. Additionally, there is a plan by the state to provide more public assistance to keep the New York Racing Association afloat through 2007.
Wednesday, January 31, 2007The New York Racing Association has rescheduled four fall stakes to avoid a conflict with the expanded Breeders' Cup World Championships.
Friday, January 26, 2007The New York Racing Association, currently seeking Chapter 11 bankruptcy protection, reported an operating loss of more than $7 million in December.
Friday, January 26, 2007The forecast of an Arctic cold front led Aqueduct to cancel live racing for Friday, Jan. 26. The track will be open for simulcasting.
Thursday, January 25, 2007The New York Racing Association will offer two twilight Friday racing cards at Saratoga Race Course during the 36-day 2007 season that begins on July 25.
Wednesday, January 24, 2007Empire Racing Associates will hold a Town Hall meeting to discuss the future of racing in New York Jan. 17 in Saratoga Springs, N.Y.
Wednesday, January 10, 2007The state of New York has filed a motion to have the New York Racing Association's bankruputcy petition dismissed.
Friday, January 05, 2007The New York Racing Association is asking a federal bankruptcy judge to halt the state's plan to turn Aqueduct, Belmont Park, and Saratoga over to the next Thoroughbred franchise-holder.
Wednesday, December 13, 2006New York Yankees partner Steve Swindal said his Excelsior Racing Associates group is already discussing future track management and laying plans to take over racing in New York on Jan. 1, 2008 when, he believes, Excelsior will begin operating Aqueduct, Belmont, and Saratoga racetracks.
Friday, December 08, 2006Empire Racing Associates said it is willing to put more money on the table for the state of New York in order to win the franchise to run racing over the next 20 years at Aqueduct, Belmont, and Saratoga racetracks.
Wednesday, December 06, 2006The 2007 New York Racing Association stakes schedule highlights the inaugural Breeders' Cup Challenge with Belmont and Saratoga each hosting challenge-day events. The powerhouse race days highlight NYRA's stakes schedule, which features 38 grade I races and nearly $33 million in stakes purses.
Wednesday, December 06, 2006New York's largest off-track betting corporation wants to be able to merge with the next holder of the state's Thoroughbred franchise to help end the "perpetual cycle of conflict'' between tracks and OTBs.
Friday, December 01, 2006Empire Racing Associates, which made a bid for the franchise to operate three New York racetracks, released a plan Nov. 30 to protect the historic charm of Saratoga Race Course and strengthen racing there. The plan will form a major part of the proposal Empire Racing will take to the state legislature in January, officials said.
Thursday, November 30, 2006MGM 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 is considering pulling the simulcast signal sent to New York City Off-Track Betting Corp.'s in-home bettors.
Wednesday, November 22, 2006Excelsior Racing Associates has been selected by a state government committee in New York to be the next holder of the franchise to run racing at Aqueduct, Belmont and Saratoga racetracks.
Tuesday, November 21, 2006A state panel in New York is poised to recommend its choice for a new franchise holder to run racing at Aqueduct, Belmont, and Saratoga racetracks on Tueday, Nov. 21.
Monday, November 20, 2006John Imbriale, the New York Racing Association's backup track announcer until his retirement in early 2005, will return as Aqueduct's winter announcer in 2007.
Sunday, November 19, 2006Aqueduct's main track will be closed for racing and training Nov. 17-20 and will reopen for training on Nov. 21, the New York Racing Association announced Nov. 16.
Thursday, November 16, 2006The Jockeys' Guild has been named a member of the Unsecured Creditors Committee in the bankruptcy proceedings of the New York Racing Association.
Wednesday, November 15, 2006The state of New York has wired the New York Racing Association $8 million to help ease its immediate fiscal troubles, a funding stream that surprised NYRA officials who earlier in the day had been in court on their first hearing after filing for Chapter 11 bankruptcy protection.
Friday, November 03, 2006The New York Racing Association has filed for Chapter 11 bankruptcy protection, charging that the state of New York's failure to approve a long-stalled casino project for Aqueduct Racetrack has pushed it toward insolvency.
Thursday, November 02, 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.
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