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.
The New York Racing Association could be insolvent by the third week of November unless several plans to raise money and cut expenses occur, NYRA President Charles Hayward told a state oversight panel today.
Most Popular Stories
- Speedy Moreno Dangerous Again in Woodward
- Target on Wise Dan for Bernard Baruch Return
- Gains Posted as Doncaster Premier Sale Ends
- Sunset Glow Has Experience Edge in Debutante
- Miss Behaviour Cuts Back for Prioress Run
- Kentucky Considers Allowing Salix-Free Races
- Solis Returns to California to Ride Full Time
- Clearly Now Faces Class Field in Forego
- Tritap, a Son of Tapit, to Heritage Stallions
- OH Thoroughbred Tracks Seek 293 Dates in 2015