A state investigative agency has concluded that key executives of the New York Racing Association were derelict in their duties to halt a practice that cost bettors more than $7 million.
Former New York Racing Association president and chief executive officer Charles Hayward said Jan. 24 he wants the association to meet its obligations in the wake of his being fired last year.
NYRA is under investigation for illegally maintaining a higher takeout rate on some exotic wagers for 15 months. The governor said his administration is working on a "reform package."
The New York Racing Association is under scrutiny by Gov. Andrew Cuomo like it was when his father, Mario Cuomo, was New York governor 20 years ago.
The New York Racing Association has fired president Charles Hayward May 4 following revelations he may have known the racing group was violating state law by not lowering takeouts on exotic wagers.
State investigators wasted little time launching a full-scale probe of the New York Racing Association.
- By Mike Kane
An official of the New York Racing Association refused to confirm or deny reports that the association's chief financial officer, Alexander W. Ingle, was fired this week.
A senior adviser to New York Gov. George Pataki is joining the New York Racing Association as its new general counsel, officials said June 12.
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