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A number of groups, including the New York Racing Association, have approached state officials about taking over all or part of the New York City Off-Track Betting Corp.
Thursday, July 15, 2010A new member of the New York State Racing and Wagering Board has been approved by the state Senate, but not without the usual dose of partisan wrangling at the state Capitol.
Wednesday, February 24, 2010The end of a nasty legislative coup in New York has put the process back on track for selecting a developer for the long-stalled Aqueduct racetrack casino.
Saturday, July 11, 2009Having failed to get a law approved permitting racetrack casinos to offer electronic table games, New York Gov. David Paterson's Lottery Division is moving ahead with plans for the new gambling devices at the state's eight racetrack-based casinos. But a lawyer who has sued the state over past gambling expansions said the Paterson administration may be playing with legal fire.
Wednesday, June 24, 2009New York officials this week told bidders vying for the Aqueduct casino development rights to assume the contract will be awarded by Aug. 1, a questionable timetable given the chaos and leadership questions still swirling following a coup in the state Senate June 8.
Saturday, June 20, 2009The head of the New York City Off-Track Betting Corp. is being replaced, Gov. David Paterson announced.
Wednesday, June 17, 2009
Six months into the year, a state-ordered review of the New York Racing Association's 2009 budget has still not received approval from a government oversight panel.
Thursday, May 28, 2009New York's top racing regulator has been tapped to head a quasi-government panel that distributes over $60 million a year in various Thoroughbred breeding and other awards.
Thursday, May 21, 2009A New York government panel studying whether to alter the current structure of the state's off-track betting system has asked the OTBs to hold off on signing any long-term deals, a move that suggests the panel could have sweeping changes in mind.
Sunday, May 17, 2009
Trying one more time, the state of New York accepted seven new bids - from major casino operators to real estate and racing interests -- to develop a casino at Aqueduct racetrack, an authority first approved for the facility back in 2001.
Friday, May 08, 2009
State regulators in New York have begun an investigation into undernourished mares that were given away by Thoroughbred owner and breeder Ernie Paragallo.
Tuesday, April 07, 2009
The state of New York should abandon efforts to find new bidders to develop a video lottery terminal casino at Aqueduct and instead tap the New York Racing Association to run the long-delayed facility, a leading state lawmaker believes.
Friday, March 27, 2009New York Gov. David Paterson signed legislation March 13 to block a scheduled across-the-board takeout increase in out-of-state wagers placed at tracks and OTB parlors in the state.
Friday, March 13, 2009
The long-stalled Aqueduct casino project will now be facing yet another delay, as the company that won the rights to develop the facility is telling the state it cannot meet a deadline to make its $370 million franchise fee payment.
Tuesday, March 10, 2009New York lawmakers are rushing to halt a 1% takeout increase on out-of-state pari-mutuel wagers before a law kicks in next week authorizing the higher levels.
Wednesday, March 04, 2009
Thoroughbred trainer William Badgett Jr. is facing a 60-day suspension and $1,000 fine by New York regulators after a one of his horses showed excessive levels of TCO2.
Friday, February 06, 2009
The company selected to operate video lottery terminals at Aqueduct said there are a host of unresolved issues, including restructuring its financing deal, before it can close on a final agreement with the state of New York to begin construction on the long-delayed facility.
Friday, February 06, 2009
The New York Racing Association's top fiscal executive has left, but the corporation is declining to provide any explanation or to say whether the departure was voluntary.
Wednesday, January 21, 2009
The New York Racing Association is projecting a surplus next year, its first since 2000, despite an estimated drop in handle at its three racetracks brought on by the economic downturn. But regulators Dec. 22 were unconvinced about some of the optimistic forecasts, and deferred approving NYRA's 2009 budget.
Monday, December 22, 2008
New York racing regulators have approved a final set of rules restricting the use of anabolic steroids in horse racing, effective Jan. 1, 2009.
Thursday, December 18, 2008
New York Gov. David Paterson is proposing to permit a casino at Belmont racetrack, a move he believes will raise $370 million in a franchise fee payment to the deficit-ridden state.
Tuesday, December 16, 2008
A new top racing industry regulator is poised to be confirmed by New York lawmakers Aug. 8 when the state Senate returns for a one-day session.
Thursday, August 07, 2008
The three bidders vying for lucrative rights to develop a casino at Aqueduct racetrack in New York have all passed a critical background check by the state, Governor David Paterson said July 20.
Sunday, July 20, 2008
The New York Racing Association has been granted another temporary extension to continue operating during most of the Saratoga meet while it negotiates a final deal with the state for a 25-year franchise.
Friday, July 11, 2008
The outspoken leader of Capital Play, one of the entities vying for the big Aqueduct video lottery casino deal, is stepping down.
Thursday, July 10, 2008
New York state officials will be holding a session with racing industry officials to consider the installation of synthetic surfaces at the state's racetracks.
Monday, July 07, 2008
The bill is fairly minor in nature, enacting a series of mostly technical amendments to a law approved earlier this year giving NYRA a 25-year extension to run Aqueduct, Belmont Park, and Saratoga. But NYRA officials have said they could not resolve its bankruptcy proceeding without it.
Tuesday, June 24, 2008
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.
Monday, June 16, 2008
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.
Sunday, June 15, 2008
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.
Friday, June 13, 2008
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.
Wednesday, June 04, 2008
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.
Tuesday, June 03, 2008New 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.
Wednesday, May 28, 2008New York Gov. David Paterson is sending mixed signals on whether he wanted to re-open talks with the New York Racing Association over its deal for a new franchise to operate Aqueduct, Belmont and Saratoga racetracks.
Wednesday, May 28, 2008
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.
Wednesday, May 21, 2008
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.
Wednesday, April 02, 2008
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.
Friday, March 07, 2008
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.
Tuesday, March 04, 2008
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.
Tuesday, February 19, 2008
The New York Racing Association, written off as dead a year ago by its competitors, has won the rights to a 25-year exclusive franchise to continue operating Aqueduct, Belmont, and Saratoga racetracks.
Thursday, February 14, 2008
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.
Wednesday, February 13, 2008
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.
Thursday, February 07, 2008
Negotiators in New York have agreed to another temporary extension to keep racing operating while talks continue on a longer-term franchise deal to operate Aqueduct, Belmont Park, and Saratoga, officials said Jan. 21.
Monday, January 21, 2008
The New York City Off-Track Betting Corp. will cease operations June 16 unless state officials provide regulatory relief before then, according to a Jan. 16 report to the corporation's board of directors.
Wednesday, January 16, 2008
The temporary extension given to the New York Racing Association to operate Aqueduct has allowed government officials to boost the rhetorical wars against each other over the failure to devise a long-term franchise deal.
Thursday, January 03, 2008Racing 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.
Monday, December 31, 2007
With talks going down to the wire, the New York Racing Association has reached an agreement with a state government oversight panel to at least continue running racing on a brief, temporary basis.
Friday, December 28, 2007
The new head of a state government panel that will oversee Thoroughbred racing in New York Jan. 1, 2008, said he could not guarantee that horses will be running at Aqueduct in two weeks.
Friday, December 21, 2007
A state government panel in charge of overseeing the New York Racing Association's finances--and the racing franchise as of Jan. 1, 2008--has a new chairman at a critical moment in the franchise negotiations.
Thursday, December 20, 2007
A state government panel Dec. 17 approved letting the New York Racing Association continue running racing on a temporary basis until officials can agree on a new franchise-holder for Aqueduct, Belmont Park, and Saratoga.
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