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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.

Bruno: 'Scare Tactics' Must End

Bruno: 'Scare Tactics' Must End

While unveiling what he called the framework of a Thoroughbred franchise agreement, Senate Majority Leader Joseph Bruno blasted the New York Racing Association Feb. 7 for attempting to scare its workers and horsemen by threatening a shutdown Feb. 14.

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.

NYRA Trustee Resigns, Blasts Bruno

NYRA Trustee Resigns, Blasts Bruno

Charles Wait, president of the Adirondack Trust Company in Saratoga Springs, N.Y., has resigned from his position on the New York Racing Association's board of trustees, citing his dissatisfaction with the position of Senate Majority Leader Joseph Bruno as the main reason for his decision.

Will NYRA Take Temporary Extension?

  • News
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.

NY Panel Stymies Chairman's Actions

NY Panel Stymies Chairman's Actions

A Republican-dominated state panel overseeing Thoroughbred racing in New York has curbed the ability of its new chairman to broker deals with the New York Racing Association. The chairman was appointed by Democrat Gov. Eliot Spitzer. The move came the same day Spitzer released his 2008 state budget plan, which includes revenue from a proposed casino at Belmont Park.

New York Talks Still at Impasse

New York Talks Still at Impasse

Negotiators trying to reach a deal on a new Thoroughbred franchise in New York are still at an impasse, and now the talks have turned to approving another extension to permit the New York Racing Association to temporarily continue running racing.

New York THA Wants Issues Addressed

  • News
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.

HRTV Application Still Undecided

  • News

As of Jan. 9, HRTV was still not permitted to show races from Aqueduct. The New York State Racing and Wagering Board continues to assess HRTV's application to show video from Aqueduct.

Commentary: Broad Cast

By Dan Liebman - During dinner with colleagues the night of Dec. 29, a member of the party returned to the table and mentioned how the New York Giants were leading the New England Patriots in the fourth quarter. A television in an adjacent room was showing the game on CBS.

New York Franchise Talks Lingering

Racing will continue to be run at Aqueduct on New Year's Day under an agreement reached Dec. 31, but government negotiators failed to resolve the permanent Thoroughbred franchise issue in New York.

NYRA to Continue Operating Aqueduct

NYRA to Continue Operating Aqueduct

Though state racing regulators failed to approve a temporary license for the New York Racing Association to continue racing in January while talks about a permanent franchise deal continue, NYRA struck a deal with the state to continue operating Aqueduct through Jan. 23.

State Fails to Approve NYRA Deal

State racing regulators failed to approve a temporary license for the New York Racing Association to continue racing in January while talks about a permanent franchise deal continue.

NYRA Has New Content Deals for 2008

NYRA Has New Content Deals for 2008

The New York Racing Association has entered into a content exchange agreement with TrackNet Media Group for 2008, NYRA officials said Dec. 28. In addition, NYRA has new deals with TVG and Youbet.com for the upcoming year.

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