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Hayward Updates Franchise Issues

Charlie Hayward, the president and chief executive officer of the New York Racing Association, spoke about NYRA's ongoing franchise issues during a June 23 press conference in Albany, N.Y., previewing the upcoming Saratoga Race Course meet.

NY Lawmakers to Look at Several Issues

NY Lawmakers to Look at Several Issues

The still-stalled franchise extension for the New York Racing Association, a new steroid testing lab, and a company to run a casino at Aqueduct Racetrack are all still on the negotiating table June 23 when lawmakers in New York return to the Capitol for the final days of the 2008 legislative session.

State to Take Over NYCOTB

State to Take Over NYCOTB

The state of New York will take over the operations of the New York City Off-Track Betting Corp., Gov. David Paterson announced June 13, as part of a broader plan that could end up consolidating all of the state's OTBs.

NYCOTB Takeover Plan Appears Likely

NYCOTB Takeover Plan Appears Likely

Negotiators in New York the afternoon of June 13 were putting the final touches on legislation in which the state would take control of the New York City Off-Track Betting Corp., thereby averting a shutdown of the city's betting operations for the weekend.

Dutrow, Desormeaux Meet, Mend Fences

Dutrow, Desormeaux Meet, Mend Fences

Trainer Rick Dutrow's initial displeasure over Kent Desormeaux's ride aboard Triple Crown hopeful Big Brown in the June 7 Belmont Stakes (gr.I) had abated quite a bit the morning of June 11, after he met with the Hall of Fame jockey. Dutrow said Desormeaux, who eased Big Brown at the top of the stretch in the Belmont, would have the mount when the colt races again.

94,476 Attend Belmont; Handle Soars

94,476 Attend Belmont; Handle Soars

The New York Racing Association reported that 94,476 were on hand under sunny skies on a sweltering day at Belmont Park June 7 to witness yet another Triple Crown upset, with longshot Da' Tara going wire to wire in the 140th Belmont Stakes (gr. I). The victory ended heavily favored Big Brown's attempt to become the first Triple Crown winner since Affirmed in 1978.

NYRA Nixes Hooters Deal

NYRA Nixes Hooters Deal

Kent Desormeaux will not wear the Hooters patch on his pants when he rides Big Brown postward in the June 7 Belmont Stakes (gr. I). The New York Racing Association refused to approve the endorsement deal June 6, citing a "conflict of interest" between Belmont Park sponsors, which include UPS and NetJets.

NetJets Announces Partnership with NYRA

NetJets, the world's leading private aviation company, has reached an agreement with the New York Racing Association for an extensive, multi-tiered presence at Saratoga Race Course for the 2008 racing season, which runs from July 23 to Sept. 1. The deal includes under-the-rail signage, race sponsorship, and hospitality, and was reached in conjunction with ABC Regional Sports Sales.

Still Dapper Evening Attire to Brooklyn

Still Dapper Evening Attire to Brooklyn

Trainer Pat Kelly was about to take Evening Attire out of stakes competition, to try the 10-year-old gelding in a few allowance races or to pick spots in turf routes as a main-track-only entry. But the seasoned runner turned in such a solid performance in his last start that NYRA stakes coordinator Andrew Byrnes was able to convince Kelly to tackle the $200,000 Brooklyn Handicap (gr. II) at Belmont Park.

Compromise Urged on New York City OTB

Compromise Urged on New York City OTB

With the clock ticking on the closure of the New York City Off-Track Betting Corp., officials from the Bloomberg administration are stepping up their calls for industry stakeholders to compromise on a bill or face the loss of more than $100 million in OTB distributions.

Belmont Stakes Video Game Announced

The New York Racing Association and Horse Racing Simulation LLC announced May 28 the launch of an interactive horse racing simulation game that will feature four grade I races associated with Belmont Stakes Day, including the actual 2008 Belmont Stakes (gr. I) featuring Big Brown's quest to win all three legs of horse racing's Triple Crown.

IEAH Partners Attend NYSE Opening

IEAH Partners Attend NYSE Opening

Officials of the New York Racing Association (NYRA) and International Equine Acquisitions Holdings (IEAH) Stables partners attend the opening bell at the New York Stock Exchange (NYSE) on Wednesday, May 28, 2008.

NYCOTB May Lower Revenue Sharing

NYCOTB May Lower Revenue Sharing

Racing industry groups have begun lining up to oppose a plan to permit the New York City Off Track Betting Corp. to lower its revenue sharing payments to tracks, breeding funds, and other entities.

NYRA, Mid-Atlantic Agree on Simulcasts

New York Racing Association simulcasts will return to 16 East Coast tracks, thanks to an agreement signed May 8 between the NYRA and the Mid-Atlantic Cooperative.

New York Officials Working to Save OTB

New York Officials Working to Save OTB

State officials are working on a plan to help keep the New York City Off Track Betting Corp. from shutting by shaving up to 20% of revenue-sharing the OTB now makes to various entities, including the New York Racing Association, out-of-state tracks, and breeding programs.

Roof Slides off Saratoga Barn

Six workers were injured when the roof of a barn being renovated slipped off its jacks and onto the ground. No horses were in the barn and no other barns were damaged.

Second Group of Tracks Has No NYRA Deal

Second Group of Tracks Has No NYRA Deal

Another group of racetracks won't be importing the signal from Belmont Park beginning April 30 because they collectively have failed to strike a deal on signal rates with the New York Racing Association.

Commentary: More Anna Houses

By Donna Chenkin - Transformation of a dream often begins with acts of imagination that elevate a starting vision of change above the intimidating presence of things as they are.

NYRA Losses Nearly Double for 2007

NYRA Losses Nearly Double for 2007

In a financial statement released by the New York Racing Association March 28, the non-profit organization 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.

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.

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.

Commentary: Fresh Start

By Dan Liebman - The franchise extension is only the beginning. NYRA has many hurdles to return to profitability.

New Yorkers React to NYRA Decision

New Yorkers React to NYRA Decision

Relief, tempered with caution about the future, was the word among some of New York's owners and breeders the day after it was announced that the New York Racing Association struck a deal with the state to operate racing at Aqueduct, Belmont Park, and Saratoga for the next 25 years.

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.

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