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.
The New York Racing Association held a press conference in Albany, N.Y., June 23 to discuss the upcoming 36-day Saratoga meet, which begins July 23 and runs through Sept. 1.
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.
Lawmakers in New York have given final approval of a deal in which the state takes over the control of the New York City Off-Track Betting Corp, a move that could be a prelude to consolidation of all the OTBs across the state.
New York officials announced the evening of June 15 a deal to avert the closure of New York City Off-Track Betting Corp. by having the state take over the entity. The move could be a prelude to a statewide consolidation of all OTB corporations.
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.
- By Tom Precious
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.
New York Gov. David Paterson said all options â€" including a takeover by the state or the New York Racing Association -are on the table if a deal is not struck by this weekend (June 14-15) to keep open the New York City Off-Track Betting Corp.
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.
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.
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 and the New York Racing Association announced a marketing partnership for the 2008 Saratoga meet during a press conference in the Belmont Park press box June 6.
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.
The New York Thoroughbred Horsemen's Association said June 4 it recognizes the contribution made to purses by New York City Off-Track Betting Corp. but won't support a proposal that would reduce the amount NYCOTB pays to purses and the New York Racing Association.
A deal to keep New York City Off-Track Betting Corp. from shuttering could be at hand, according to the head of the state Assembly's racing committee.
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.
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.
The New York Racing Association said June 2 a field of nine is probable for the June 7 Belmont Stakes (gr. I), third leg of the Triple Crown.
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.
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.
New York Gov. David Paterson sent mixed signals about reopening the deal giving the New York Racing Association a 25-year franchise extension to operate Aqueduct, Belmont, and Saratoga racetracks.
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.
The New York Racing Association is prepared for the crowd that will on-hand to watch Big Brown attempt to become the first Triple Crown winner since 1978. It will be the first Triple Crown attempt since 2004 when Smarty Jones fell short.
The Southern Racing Cooperative has a new multi-year deal with the New York Racing Association on signal rates, a cooperative official said.
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.
The New York Racing Association and the Mid-Atlantic Cooperative have struck a signal-fee deal that will return the NYRA signal--currently from Belmont Park--to 16 East Coast racetracks and their affiliated off-track wagering outlets effective May 9.
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.
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.
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.
The Mid-Atlantic Cooperative, which represents 16 racetracks and their affiliated off-track wagering outlets, has failed to reach an agreement with the New York Racing Association on signal rates, which puts simulcast of races from Belmont Park in jeopardy.
A major commercial real estate developer said April 28 it has combined forces with the Hard Rock Entertainment hotel and restaurant chain in a bid with New York state to operate a video lottery terminal casino at Aqueduct.
Due to heavy overnight rains continuing into April 4, the New York Racing Association has canceled live racing at Aqueduct in an effort to preserve the racing surface for the Wood Memorial program on April 5.
The New York Racing Association violated state law for its no-bid contract with a politically connected law firm, a New York state investigation has found.
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.
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.
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.
Sheikh Hamdan Bin Rashid Al Maktoum's Shadwell Farm has become the presenting sponsor for the New York Racing Association's Travers Stakes (gr. I) and Suburban Handicap (gr. I) through 2009.
Jockey Ramon Dominguez set a single-season record for wins on Aqueduct's inner track when he rode Winning Move Stable's Oedipus O'Neal to victory for trainer Gary Contessa in the fourth race on Aqueduct's March 15 card.
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.
Louis Olah, the longtime "colors man" in the jockeys' rooms at Aqueduct, Belmont Park and Saratoga, died the evening of March 8 following a brief illness. He was 79.
The New York Thoroughbred Horsemen's Association (NYTHA) and the Jockeys' Guild have agreed to a new scale of mount fees for jockeys at tracks run by the New York Racing Association which will take effect April 2, the Guild announced in a March 8 press release.
The New York Racing Association, which has had to delay its emergence from Chapter 11 bankruptcy protection, was given another extension by the state to continue racing at its tracks.
Officials cautioned that a delay in the New York Racing Association emerging from Chapter 11 bankruptcy protection is not a sign of a larger problem for the deal giving NYRA a new 25-year franchise extension.
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.
- By Dan Liebman
By Dan Liebman - The franchise extension is only the beginning. NYRA has many hurdles to return to profitability.
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.
The New York Racing Association has unveiled its logo for the 140th running of the Belmont Stakes (gr. I), the 1 1/2-mile final leg of Thoroughbred racing's Triple Crown.
- By Tom Precious
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.
The New York Racing Association, in control of Thoroughbred racing in the state since 1955, will continue to run racing under a deal that came together Feb. 12 at the state Capitol in Albany, government and industry sources say.
Negotiators on February 11 failed again to broker a new Thoroughbred franchise deal in New York, raising the chances that Aqueduct could go dark later this week.
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