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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 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.

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.

New York Horsemen Critical of Racing Surfaces

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New York Horsemen Critical of Racing Surfaces

Members of the New York Thoroughbred Horsemen's Association voiced their displeasure with the racing surfaces at Saratoga, Belmont Park, and Aqueduct during a meeting Aug. 31, but the New York Racing Association track superintendent later said he stands by the surfaces.

New York THA Breaks From Empire Racing

The New York Thoroughbred Horsemen's Association is breaking its ties with Empire Racing Associates, a move that will further throw into confusion the process for naming a franchise holder to operate Aqueduct, Belmont Park, and Saratoga.

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.

Takeout Rates Again Fuel Conflict in New York

Pari-mutuel takeout wars have begun in New York, where a state senator has introduced legislation to increase the amount the New York Racing Association keeps on wagers. Though the measure's sponsor said the takeout hike is needed to help stop NYRA's financial bleeding, NYRA chairman Barry Schwartz insists the legislation would turn off bettors and decrease purses.

Schwartz: VLTs Hinge on Agreement With Horsemen

The 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.

New York THA Donates to Research Foundation

The New York Thoroughbred Horsemen's Association has donated $37,000 to the Grayson-Jockey Club Research Foundation. The New York THA, which represents horsemen at Aqueduct, Belmont Park, and Saratoga, donated money to the foundation last year as well.

Sources: Aqueduct VLT Experiment in the Works

New York Gov. George Pataki is quietly floating a plan to permit video lottery terminals only at Aqueduct racetrack on an experimental basis, sources at the state capital said. The plan is said to ignore the Standardbred industry, which has lobbied hard for VLTs.

Horsemen: New York Has Poor OTB Model

The New York Thoroughbred Horsemen's Association, in a statement released Aug. 19, said it "firmly believes" the owner of New York City Off-Track Betting Corp. should be the operator of New York's Thoroughbred racing franchise, in this case the New York Racing Association.

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