New York Racing Association

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NYRA Net Operating Loss at $34 Million

The New York Racing Association reported total net operating losses of $34.28 million in 2007. That figure is nearly double from 2006, when total net losses reached $17.83 million.

Resignation's Impact on NYRA Unclear

Resignation's Impact on NYRA Unclear

With the March 12 announcement of the resignation of New York Gov. Eliot Spitzer effective March 17, officials at the New York Racing Association said they don't anticipate his resignation would affect recent legislation that grants NYRA a new franchise. It could, however, impact other aspects of the franchise moving forward.

HRTV Now Showing NYRA Races

HRTV Now Showing NYRA Races

HorseRacing TV began showing races from Aqueduct Feb. 21 after being granted the non-exclusive rights to provide the New York Racing Association circuit to its viewers as the result of an agreement reached in late December.

NYRA OK, But OTB Closure Looming

NYRA OK, But OTB Closure Looming

Legislation giving the New York Racing Association a 25-year extension of its exclusive Thoroughbred franchise was signed Feb. 19, Gov. Eliot Spitzer said. Meanwhile, the mayor of New York City reiterated that New York City Off-Track Betting Corp. can't continue under its current arrangement with the state.

NYRA Wins 25-Year Franchise

NYRA Wins 25-Year Franchise

The New York Racing Association, written off as dead a year ago by its competitors, has won the rights to a 25-year exclusive franchise to continue operating Aqueduct, Belmont, and Saratoga racetracks.

NYRA Franchise Deal Approved

NYRA Franchise Deal Approved

The New York Racing Association will run racing for the next 25 years under legislation approved February 13 that provides hundreds of millions of dollars in direct aid and loan forgiveness to NYRA and new oversight abilities by the state.

Bruno: 'Scare Tactics' Must End

Bruno: 'Scare Tactics' Must End

While unveiling what he called the framework of a Thoroughbred franchise agreement, Senate Majority Leader Joseph Bruno blasted the New York Racing Association Feb. 7 for attempting to scare its workers and horsemen by threatening a shutdown Feb. 14.

NYRA Deal Said to Be Within Reach

NYRA Deal Said to Be Within Reach

A tentative deal is within reach to give the New York Racing Association a 25-year franchise to run Aqueduct, Belmont Park, and Saratoga, legislative sources said Feb. 6, the same day NYRA indicated live racing at Aqueduct could end Feb. 14.

Will NYRA Take Temporary Extension?

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Will NYRA Take Temporary Extension?

With another deadline looming that could shut down racing at Aqueduct Feb. 14, rumors are circulating among horsemen that the New York Racing Association might not be willing to accept another temporary extension to keep racing going.

New York Talks Still at Impasse

New York Talks Still at Impasse

Negotiators trying to reach a deal on a new Thoroughbred franchise in New York are still at an impasse, and now the talks have turned to approving another extension to permit the New York Racing Association to temporarily continue running racing.

New York THA Wants Issues Addressed

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New York THA Wants Issues Addressed

The New York Thoroughbred Horsemen's Association released a statement Jan. 10 urging the state to address issues of importance to the 6,000 members of its group as negotiations continue on the long-term extension of the New York Racing Association franchise.

New York Franchise a War of Words

New York Franchise a War of Words

The temporary extension given to the New York Racing Association to operate Aqueduct has allowed government officials to boost the rhetorical wars against each other over the failure to devise a long-term franchise deal.

New York Franchise Talks Lingering

Racing will continue to be run at Aqueduct on New Year's Day under an agreement reached Dec. 31, but government negotiators failed to resolve the permanent Thoroughbred franchise issue in New York.

NYRA to Continue Operating Aqueduct

NYRA to Continue Operating Aqueduct

Though state racing regulators failed to approve a temporary license for the New York Racing Association to continue racing in January while talks about a permanent franchise deal continue, NYRA struck a deal with the state to continue operating Aqueduct through Jan. 23.

NYRA Has New Content Deals for 2008

NYRA Has New Content Deals for 2008

The New York Racing Association has entered into a content exchange agreement with TrackNet Media Group for 2008, NYRA officials said Dec. 28. In addition, NYRA has new deals with TVG and Youbet.com for the upcoming year.

NYRA Oversight Chair: No Guarantees

NYRA Oversight Chair: No Guarantees

The new head of a state government panel that will oversee Thoroughbred racing in New York Jan. 1, 2008, said he could not guarantee that horses will be running at Aqueduct in two weeks.

NYRA Oversight Panel Has New Chair

NYRA Oversight Panel Has New Chair

A state government panel in charge of overseeing the New York Racing Association's finances--and the racing franchise as of Jan. 1, 2008--has a new chairman at a critical moment in the franchise negotiations.

NYRA Offered Temporary Extension

NYRA Offered Temporary Extension

A state government panel Dec. 17 approved letting the New York Racing Association continue running racing on a temporary basis until officials can agree on a new franchise-holder for Aqueduct, Belmont Park, and Saratoga.

New York Negotiations Continue

New York Negotiations Continue

Negotiations for a new Thoroughbred franchise in New York have progressed in the past several days, but the Republican-led Senate has refused to budge so far on several key points that could risk a shut-down of racing in less than three weeks, according to a top adviser to New York Gov. Eliot Spitzer.

New York: Clock Ticks, Talks Rage

New York: Clock Ticks, Talks Rage

With closed-door talks failing to produce a deal on a new Thoroughbred franchise in New York, state officials have begun discussing getting the framework of a deal in place before a Dec. 31 deadline with passage of an agreement by the legislature in early January.

Berube, Handel to Work For Equibase

Peter Berube, vice president and general manager of Tampa Bay Downs, and Hal Handel, executive vice president and chief operating officer of the New York Racing Association (NYRA), have been appointed by the Thoroughbred Racing Associations of North America (TRA) to serve on the management committee of Equibase Company LLC

NYRA Seeks to Protect Film Archives

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NYRA Seeks to Protect Film Archives

Keeneland Association and the New York Racing Association are collaborating on a project to preserve NYRA's film and video archives, which span more than 100 years of racing.

NYRA Creditors Can Vote on Plan

A federal bankruptcy court judge has paved the way for the New York Racing Association to emerge from Chapter 11 protection pending the outcome of a vote by creditors.

Franchise Delay Hangs Over Trainers

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Franchise Delay Hangs Over Trainers

Aqueduct's winterized inner track opens Nov. 28, but not without trepidation from horsemen concerning the future of New York Thoroughbred racing.

NYRA Outlines Finances in Documents

The New York Racing Association is proposing to keep 17.5 acres of land adjacent to Aqueduct after it gives up it land claims to the state of New York, according to amendments filed to its Chapter 11 bankruptcy reorganization.

Rojas Hospitalized After Spill

Jockey Raul Rojas was sent to North Shore University Hospital Nov. 17 after his mount, Bully for Us, unseated the rider in Aqueduct's sixth race, a maiden event for New York-bred 2-year-olds.

Plan May Split Control of NY Tracks

Two days after a top lawmaker said he believes Gov. Eliot Spitzer has moved away from the idea of awarding the entire Thoroughbred racing franchise to the New York Racing Association, a plan is kicking around in Albany to split the three tracks among different entities.

NYRA Announces Mobile Wagering Platform

NYRA Announces Mobile Wagering Platform

Sona Mobile Holdings and the New York Racing Association have reached an agreement where the gaming and entertainment software company will provide the racetrack group a mobile wagering application, it was announced Oct. 16.

Purses to Increase 12% for Aqueduct Fall Meet

Purses to Increase 12% for Aqueduct Fall Meet

The New York Racing Association will again raises purses, this time for the 45-day Aqueduct fall meet that begins Oct. 24 and runs through Dec. 30. Projected purses will be the highest in recent memory for the fall meet.

Magna, Churchill Withdraw From Empire Racing

Magna, Churchill Withdraw From Empire Racing

A consortium of major horse industry companies vying for the Thoroughbred franchise in new York began falling apart Oct. 10, as Magna Entertainment and Churchill Downs announced their withdrawal from Empire Racing Associates.

Magna, Churchill Withdraw From Empire Racing

A consortium of major horse industry companies vying for the Thoroughbred franchise in New York began falling apart Oct. 10, as Magna Entertainment Corp., Churchill Downs Inc., and Delaware North announced their withdrawal from Empire Racing Associates.

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