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The New York Racing Association keeps bleeding funds, according to the racing group's latest disclosure to a federal bankruptcy judge overseeing its reorganization.
Friday, April 20, 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, 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, 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, 2007Aqueduct's live St. Patrick's Day card Saturday and the live card for Sunday, March 18, were cancelled after a ferocious Nor'easter on Friday left the New York City Metropolitan area covered overnight with a dangerous mixture of snow, ice and rain.
Saturday, March 17, 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, 2007By Ray Paulick - If you're a little confused about the future of racing in New York, join the club. If you're not confused, you're probably not thinking clearly.
Wednesday, March 14, 2007The New York Racing Association has asked a federal bankruptcy judge to dismiss a lawsuit filed by Lien Games Racing that seeks immediate distribution of winning wagers the North Dakota wagering outlet claims it is owed.
Wednesday, March 14, 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, 2007A new group bidding to operate racing in New York includes Las Vegas casino operator Steve Wynn. The group also includes an unidentified racetrack operator.
Thursday, March 08, 2007Two new groups, including a mystery entity, have joined the process to try to win the state Thoroughbred racetrack franchise now held by the New York Racing Association.
Wednesday, March 07, 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 North Dakota betting hub has broken ranks from other creditors with claims in the complex New York Racing Association bankruptcy case, filing a federal lawsuit that demands the racetrack operator immediately pay out over $1.6 million in net payoffs it claims it is owed from wagering pools.
Tuesday, February 27, 2007The New York Racing Association has another losing month. NYRA reported losses of $3.9 million in January to the bankruptcy court.
Friday, February 16, 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 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, 2007Mid-Atlantic invader Bill Place easily won Monday's 23rd running of the $66,062 Jimmy Winkfield – Aqueduct's Dr. Martin Luther King Jr. Day feature for 3-year-olds.
Monday, January 15, 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, 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, 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, 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, 2006All of the credentialed photographers are gathered around the winner's circle, receiving their locations to shoot tomorrow's races. It's their views to the thrill.
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.
Saturday, October 28, 2006The state panel considering bids for a new Thoroughbred franchise in New York has eliminated one of the potential suitors.
Friday, October 27, 2006Belmont Park's fall 33-day meeting concluded with increases in average daily attendance and all sources wagering after subtracting the figures from the 2005 Breeders' Cup World Championships, which was conducted at Belmont Park, to provide a more accurate depiction of business.
Wednesday, October 25, 2006Funny Cide headlines the New York Showcase Fall Festival, a two-day fest at Belmont Park designed to celebrate the Empire State with top New York-bred racing and an array of products and services native to the state. It will take place Oct. 21-22.
Tuesday, October 17, 2006The New York legislature's top Republican believes the New York Racing Association will soon get the remaining $19-million state bailout to keep it from seeking bankruptcy protection.
Monday, October 16, 2006The head of a group vying to take over the Thoroughbred franchise from the New York Racing Association is urging Gov. George Pataki to release already-promised state funds to the financially ailing franchise holder.
Friday, October 13, 2006The head of a group vying to take over the Thoroughbred franchise from the New York Racing Association is urging Gov. George Pataki to release already-promised state funds to the financially ailing franchise holder.
Friday, October 13, 2006With the future of the racing industry in New York up in the air, the most immediate beneficiaries appear to be state officials running for office this fall, thanks to a steady flow of money from individuals and companies tied in one way or another to the Thoroughbred franchise renewal process.
Monday, October 09, 2006The New York Racing Association is to blame for the delays in state approvals needed to begin construction on the long-stalled Aqueduct casino project, the leaders of the New York Thoroughbred Horsemen's Association claim.
Thursday, October 05, 2006Next week's deadline by a New York state panel to offer its non-binding choice for a new operator of the state's three major Thoroughbred racetracks will not be met, the chairman of the committee said.
Friday, September 22, 2006New York's top fiscal officer has warned a state agency that its delay in approving a video lottery terminal casino contract for Aqueduct is costing the state needed revenue and risking bankruptcy for the New York Racing Association.
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