The New York City Off-Track Betting Corp., which is now controlled by the state government, is facing insolvency unless it can get its financial affairs in order, state Comptroller Thomas DiNapoli reported Aug. 14 in a long-awaited audit.
Twelve more races qualified under the purse incentive program created to increase field size during week two of the 2009 Saratoga Race Course meet, according to The New York Racing Association. Purse increases from incentives during the meet's second week totaled $74,750, a 16.5% advance over the original purse values.
Jeff Mullins, trainer of 2009 Wood Memorial Stakes (gr. I) winner I Want Revenge, has filed a letter with the New York State Racing and Wagering Board regarding IEAH Stables' alleged failure to meet financial obligations in relation to the training, riding, and care of the colt.
The first five days of the Saratoga meet showed strength from a business and racing standpoint, with gains in on-track attendance and pari-mutuel, and total handle.
On-track and all-sources handle were up significantly over 2008 totals as Saratoga Race Course opened its 141st season July 29.
At the urging of the New York State Racing and Wagering Board, the New York Racing Association July 29 -- opening day of the Saratoga meet--authorized restoration of its televised signal to the in-home distribution network of Nassau Regional Off-Track Betting Corp.
Fasig-Tipton and the New York Racing Association are teaming to award a $100,000 "Juvenile Jackpot" to the first graduate of the 2009 Fasig-Tipton Saratoga select yearling sale that wins a graded stakes during the 2010 Saratoga meeting in New York. Should no juvenile qualify for the prize in 2010, the award will double to $200,000 for Fasig-Tipton yearlings purchased that year that run at Saratoga in 2011.
The New York State Racing and Wagering Board clarified July 28 that horses are banned from being entered in races if they have received hyperbaric oxygen therapy treatment within one week of post time. The therapy is permitted otherwise.
They tapped various talking points -- from higher purses and a beefed-up breeding industry to protecting green space and even family values -- but a group of Thoroughbred representatives have brought a singular message to state officials: Get the Aqueduct video lottery terminal casino off the ground.
The Race Track Industry Program at the University of Arizona is teaming up with the New York Racing Association to offer students the opportunity to learn about the business of track management at the inaugural College Day at Saratoga Race Course.
Jockey Ramon Dominguez set a modern-day record for victories at Belmont Park's spring/summer meet when he guided Michael Dubb and Robert Joscelyn's I've Got Speed to win the fifth race July 24, notching his 93rd winner for the meet.
Saratoga Race Course's 36-day meet will get off to a strong start July 29 with a card highlighted by full fields on both the dirt and turf, 2-year-old races, and two stakes, including the $100,000 Schuylerville (gr. III).
A New York horsemen's group will continue to get additional purse money to fund its operations, including health benefits for backstretch workers at New York Racing Association tracks, under final passage of legislation July 16 by the state Senate.
The end of a nasty legislative coup in New York has put the process back on track for selecting a developer for the long-stalled Aqueduct racetrack casino.
The 29th annual open house at Saratoga, scheduled for Sunday, July 26, will include five races -- four steeplechase races and one turf race -- presented by the National Steeplechase Association.
Ed Seigenfeld will step down as executive vice president of Triple Crown Productions (TCP) at the end of August. He has led the organization since March 1990, overseeing the Chrysler and Visa sponsorships of the Triple Crown and managing the network television negotiations for the series.
Fasig-Tipton will host a five-kilometer (5K) race and a one-mile "fun run" Aug. 15 in Saratoga Springs, N.Y. Both events will start in front of the auction firm's Humphrey S. Finney Pavilion. All proceeds will be divided equally among the New York Racing Association's four charities: The Anna House, Backstretch Employee Service Team, New York Racetrack Chaplaincy, and The Backstretch Education Fund.
Belmont Park canceled its ninth and final race June 26 due to a severe storm that brought with it heavy rains, wind, lightning, thunder, and hail, and created unsafe conditions.
New York officials this week told bidders vying for the Aqueduct casino development rights to assume the contract will be awarded by Aug. 1, a questionable timetable given the chaos and leadership questions still swirling following a coup in the state Senate June 8.
Saratoga Race Course employees arrived at work Monday morning to find a cow moose wandering on the sidewalk outside track property, New York Racing Association officials said.
Nassau Regional Off-Track Betting Corp. has filed a $15-million lawsuit against the New York Racing Association in response to NYRA's claim that Nassau Regional OTB had pirated its signal.
There was only one person who correctly selected the winners of all six graded stakes races for the Pick 6 on Belmont Stakes (gr. I) Day, June 6, resulting in a payout of $969,345.
The New York Racing Association removed its televised signal of Belmont Park races from the in-home distribution network of Nassau Regional Off-Track Betting Corp. June 3, and the OTB corporation June 4 issued a statement saying it takes offense to being accused of piracy.
Riders at racetracks across the United States and Canada will take part in a unified show of support June 6 for recently injured jockey Rene Douglas and the Permanently Disabled Jockeys Fund.
Belmont Park, host of the June 6 Belmont Stakes (gr. I), has received full accreditation from the National Thoroughbred Racing Association Safety and Integrity Alliance.
The New York Racing Association and Horse Racing Radio Network announced May 27 that HRRN will provide the exclusive terrestrial radio broadcast of the June 6 Belmont Stakes (gr. I).
The New York Racing Association has announced the appointment of Kevin Gremillion to the newly created position of operations manager at Saratoga Race Course.
A racehorse was euthanized May 20 after crashing into a bronze statue of Secretariat in the Belmont Park paddock.
A Racing Surfaces Testing Laboratory designed to enhance surface safety for horses and riders is being launched with the financial support of a broad industry coalition, it was announced April 17 by the laboratory's coordinators Dr. Mick Peterson and Dr. Wayne McIlwraith.
- By Esther Marr
While it's common knowledge within the Thoroughbred industry that trainer Jeff Mullins is in hot water with the New York Racing Association for administering a herbal cough remedy to his horse Gato Go Win prior to the April 6 Bay Shore Stakes (gr. III) at Aqueduct, fans and horseman who are not familiar with various equine medications may be wondering exactly what ingredients make up this over-the-counter product.
Patrick Mahony has been promoted to the senior vice president of mutuels, the New York Racing Association announced April 9.
The New York Thoroughbred Breeders, Inc. is proposing a task force for the purpose of broadening programs that assist Thoroughbred owners forced with selling their horses while developing a policy that punishes any owner, breeder or trainer that either directly or indirectly contributes to an outcome where a horse is knowingly sent to slaughter.
The state of New York should abandon efforts to find new bidders to develop a video lottery terminal casino at Aqueduct and instead tap the New York Racing Association to run the long-delayed facility, a leading state lawmaker believes.
The Belmont Bash, hosted by the New York Racing Association, and The Jockey Club, will be held June 4 at The Clubhouse at Meadowbrook Pointe in Westbury, N.Y.
The Daily Racing Form, together with the New York Racing Association, invites family, horsemen, media, and friends to remember and celebrate the life of turf writer Joe Hirsch during Belmont Stakes Week. The tribute service will be held from 10:30-11:30 a.m. June 5 at Belmont Park in the North Shore Terrace (4th floor Clubhouse level).
- By Ryan Conley
Magna Entertainment Corp. claims it owes more than $235 million to its largest 50 unsecured creditors, including many prominent names in the Thoroughbred racing and breeding industry.
The New York Racing Association lost a five-year-old lawsuit Feb. 24 when the state's highest court refused to hear its appeal in a case potentially worth millions of dollars in back simulcasting payments to the racing entity.
Fasig-Tipton Company and the New York Racing Association (NYRA) are teaming up to develop the inaugural Fasig-Tipton Festival of Racing at Saratoga Race Course The festival will be held the second weekend of the Saratoga racing season, Aug. 8 and 9, and will precede the Fasig-Tipton Saratoga select yearling auction Aug. 10 and 11.
The company selected to operate video lottery terminals at Aqueduct said there are a host of unresolved issues, including restructuring its financing deal, before it can close on a final agreement with the state of New York to begin construction on the long-delayed facility.
All-sources handle for all New York Racing Association tracks declined 2.1% in 2008, but purses grew 3.1%, it was reported Jan. 22.
The New York Racing Association's top fiscal executive has left, but the corporation is declining to provide any explanation or to say whether the departure was voluntary.
- By Ryan Conley
TVG and the New York Racing Association have reached a two-year agreement on the distribution of NYRA signals, allowing Aqueduct programming to return to the horse racing network Jan. 3.
Effective Jan. 1, 2009, the New York State Racing and Wagering Board (NYSRWB) has implemented a new rule concerning any winning pari-mutuel ticket purchased at a New York pari-mutuel facility that is not cashed within ten days and has a cash value of $300 or more.
The New York Racing Association is projecting a surplus next year, its first since 2000, despite an estimated drop in handle at its three racetracks brought on by the economic downturn. But regulators Dec. 22 were unconvinced about some of the optimistic forecasts, and deferred approving NYRA's 2009 budget.
New York racing regulators have approved a final set of rules restricting the use of anabolic steroids in horse racing, effective Jan. 1, 2009.
The rejuvenated New York Racing Association has big plans for its new 25-year franchise, but president and chief executive officer Charles Hayward said Dec. 9 the organization has to plan wisely should revenue sources dry up.
New York has some great pro sports teams, but none of them can match the star power of New York's Muscular Dystrophy Association Muscle Team, made up of top pro athletes, including several jockeys, who have teamed with children challenged by MD for two inspiring events.
The 37-day 2008 Belmont fall meeting, which ended on Oct. 26, produced mixed business results. All-sources handle on NYRA races was $356.3 million, compared with the 2007 figure of $346.5 million, for an increase of 2.8%. Because the 2008 meet included four more days than the 2007 meet, there was actually an 8.3% decline in the equivalent daily average all-sources handle figure.
The New York Racing Association has put into place the InCompass Solutions' Jockey Health Information System and its own Jockey Medical Advocate Program.
The New York Racing Association announced Oct. 31 that Kimberly Justus has assumed the newly-created post of director of guest services. In her new role, Justus is responsible for all customer service functions at NYRA.
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