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.
- By Tom Precious
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
- Nyquist Out of Belmont Stakes with Fever
- Derby Runner-Up Commanding Curve Retired
- Nyquist Spikes Fever; Did Not Ship to Belmont
- Uncle Mo Filly Brings $1 Million at F-T Sale
- Fast Uncle Mo Filly Tops F-T Midlantic Sale
- Friesan Fire Colt Tops Midlantic at $825,000
- Finger Lakes Horsemen Call for Support
- Possible NYRA Plan Concerns Saratoga Group
- What is Uncle Mo Worth?
- So Far, Seven Pointing for Belmont Park