New York Racing Association

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Pataki Offers Last-Ditch Plan to Assist NYRA

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.

Report: New York Must Overhaul Racing Laws

New York officials need to act quickly to launch a major overhaul of racing laws to help jumpstart the state's $1.4-billion Thoroughbred racing industry, Friends of New York Racing concluded in its year-end report on the status of pari-mutuel horse racing in the state.

Sotheby's Suspends Sale of NY Equine Art

The auction of 19 pieces of equine artwork by the financially ailing New York Racing Association has been canceled after Sotheby's auction house withdrew the sale under threat of legal action by the state government.

NYRA Requests 257-Day Season for 2006

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The New York Racing Association has requested a 257-day racing season for 2006, pending formal submission to and approval by the New York State Racing and Wagering Board.

Breeders' Cup Boosts Belmont Meet Numbers

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The fall meet at Belmont Park, highlighted by the Breeders' Cup World Thoroughbred Championships Oct. 29, resulted in across-the-board increases in all major business categories. Excluding Breeders' Cup Day, however, average daily attendance and some average daily wagering categories declined from the same meet one year ago,

NYRA Ripped for Bypassing State Oversight Panel

The New York Racing Association, which hopes to get the state's attention on its current fiscal plight, did itself no favors by the way it hired a bankruptcy law firm to represent it in the event of insolvency if the reaction of the head of a new oversight panel is any indication.

Parties in New York Finalize VLT Revenue Deal

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A 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.

FNYR Study, OTBs Differ on Health of System

Revenue to localities in the six off-track betting regions in New York is down more than 50% from 2000 to 2004, according to the results of a study commissioned by Friends of New York Racing, the organization that seeks to build a better economic model for the pari-mutuel industry in the Empire state. Two OTB corporations, Capital and New York City, have issued responses to the report, which they believe doesn't tell the whole story.

Thoroughbred Thank You Fund to Host Families at Breeders' Cup

The Thoroughbred Thank You Fund, established by 1986 West Point graduate and retired Army officer Terry Finley, plans to bring 200 New York-based military personnel and West Point cadets to the Breeders' Cup World Thoroughbred Championships at Belmont Park Oct. 29. Included will be New York reservists from the 369th Harlem Hellfighters Battalion and the 69th Infantry, who recently returned from tours of duty in Iraq and Afghanistan.

BC Talks Continue as Marketing Campaign Launched

As Breeders' Cup officials continued to deal with the fallout from the announcement the New York Racing Association could be nearing insolvency, they indicated Oct. 11 it's all systems go for the Oct. 29 World Thoroughbred Championships at Belmont Park by launching a $2-million marketing push only 18 days before the event.

'Big Three,' Others to Renew NTRA Membership

The three major racetrack operators -- Churchill Downs Inc., Magna Entertainment Corp., and the New York Racing Association -- have confirmed along with other racing associations and horsemen's groups the renewal of their membership in the National Thoroughbred Racing Association.

Federal Prosecutors Drop Case Against NYRA

Federal prosecutors have dropped their longstanding criminal case against the New York Racing Association, which officials said cooperated in reforming past episodes of wrongdoing that could have cost it the franchise to operate the tracks.

Knowlton Resigns as 'Friends' Director in New York

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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.

NYRA Promotes Controller Irene Posio

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The New York Racing Association announced Sept. 1 that Irene M. Posio has been promoted to vice president/treasurer and controller, effective immediately.

Final Report on NYRA Delayed

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The firm Getnick & Getnick, the federal monitor overseeing the operating procedures of the New York Racing Association (NYRA), has delayed submitting a report of their findings to the United States Attorney's office, which will turn over the report to Judge Arthur Spatt, the federal judge overseeing the matter.

Trust Created for New York Purse Money

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New York Racing Association president Charles Hayward and New York Thoroughbred Horsemen's Association president Richard Bomze announced Aug. 22 a trust account has been established to protect horsemen's purse money.

Smith: 'There's Good Consensus for Change' in New York Racing

Continuing on a theme he struck during the Jockey Club Round Table the previous morning, Tim Smith, the president of the Friends of New York Racing, outlined the research group's preliminary findings and recommendations during a public forum Monday at Fasig-Tipton's Humphrey S. Finney sale pavilion in Saratoga Springs, N.Y.

Will the Real Sis City Show Up for Alabama?

Heading into Saturday's $750,000 Alabama (gr. I) at Saratoga Race Course, the question on everyone's mind is if the real Sis City will stand up and win the final leg of the New York Racing Association's Triple Tiara for 3-year-old fillies.

NTRA Pick 4 Handle Tops $1.1 Million

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Saturday's NTRA National Pick 4 wager, offered in conjunction with the "Emirates Airline Super Saturday" series airing on ABC and ESPN through October, drew an enthusiastic response from fans, with a total handle of $1,162,771 and a payoff of $1,301.60 for each $1 winning ticket.

Lakow Joins Hill 'n' Dale Farm as G.M.

Mike Lakow, who was relieved of his duties as racing secretary in a July shake-up of the New York Racing Association, has been named general manager of John Sikura's Hill 'n' Dale Farm near Lexington.

Monitor's Comments Indicate NYRA May Be Cleared

The New York Racing Association has made significant strides to improve its operations and to bolster the integrity of the racing industry, according to the federal monitor assigned to oversee NYRA during its deferred prosecution period.

Officials Knock Heads Over Racing Franchise

The battle over the franchise to run three New York racetracks got off to an unofficial start Aug. 2 when officials with the New York Racing Association and Magna Entertainment Corp. sparred during an Albany Law School symposium.

Survey, Questionnaire Reveal Opinions on New York

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A survey authorized by Friends of New York Racing showed many New Yorkers aren't aware of the New York Racing Association's ongoing legal and financial problems, and that they aren't sure how the NYRA franchise should be structured.

NYRA Makes Security Barn Adjustments

The New York Racing Association is "100 percent committed" to race day security barns, but has taken immediate action to address concerns expressed by horsemen at Saratoga Race Course, NYRA president Charles E. Hayward said July 29.

New Health Clinic Opens for Saratoga Backstretch Workers

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The New York Racing Association, in cooperation with the Backstretch Employees Services Team, the New York Thoroughbred Horsemen's Association and Schenectady Family Health Services, has opened a backstretch clinic to help address the health needs of backstretch workers at Saratoga Race Course.

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