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New 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
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
Charles Wait, president of the Adirondack Trust Company in Saratoga Springs, N.Y., has resigned from his position on the New York Racing Association's board of trustees, citing his dissatisfaction with the position of Senate Majority Leader Joseph Bruno as the main reason for his decision.
Friday, February 01, 2008
A group of New York jockeys is asking all parties in the ongoing negotiations for the New York racing franchise to come up with creative solutions to the problems facing the industry.
Tuesday, January 08, 2008
Though state racing regulators failed to approve a temporary license for the New York Racing Association to continue racing in January while talks about a permanent franchise deal continue, NYRA struck a deal with the state to continue operating Aqueduct through Jan. 23.
Saturday, December 29, 2007
The New York Racing Association can agree to new performance benchmarks for its operations as part of a franchise extension deal, but state officials must be more flexible to take into account future changes in the racing industry that could affect those new standards, according to the president of NYRA.
Saturday, December 15, 2007
Negotiations for a new Thoroughbred franchise in New York have progressed in the past several days, but the Republican-led Senate has refused to budge so far on several key points that could risk a shut-down of racing in less than three weeks, according to a top adviser to New York Gov. Eliot Spitzer.
Friday, December 14, 2007
NYRA has submitted financial plans it anticipates a bankruptcy court will use to begin the process of ending its Chapter 11 protection.
Wednesday, November 28, 2007
The New York Racing Association can add the Internal Revenue Service to its list of obstacles, as the federal agency wants NYRA to pay it $1.6 billion to settle past tax bills.
Thursday, November 01, 2007
The Spitzer administration is signaling it could be game for the opening of a casino at Belmont Park, despite its recent public plan that removed the track from the running for a gambling facility.
Wednesday, October 31, 2007
In an Aug. 25 news conference at Saratoga Race Course, New York Gov. Eliot Spitzer said he may not meet the Sept. 4 deadline to make a recommendation as to which organization should receive the franchise to run racing at the Aqueduct, Belmont, and Saratoga racetracks.
Sunday, August 26, 2007Concerned Citizens for Saratoga Racing, a group that includes several prominent horsemen, Aug. 23 announced their decision to support the New York Racing Association in that organization's bid for the 20-year franchise to operate Saratoga, Aqueduct, and Belmont Park.
Thursday, August 23, 2007Concerned Citizens for Saratoga Racing, a group that includes several prominent horsemen, Aug. 23 announced their decision to support the New York Racing Association in its bid for the 20-year franchise to operate Saratoga, Aqueduct, and Belmont Park.
Thursday, August 23, 2007
New York Gov. Eliot Spitzer is asking the four entities vying for the state's Thoroughbred franchise to re-submit their bidding packages to reflect changes made in their structure and plans over the past year. He also opened the door for any of the existing bidders to join forces in a joint venture deal.
Friday, July 20, 2007The Spitzer administration has floated a plan to link the New York Racing Association with Excelsior Racing Associates to run racing and casino operations at Aqueduct, Belmont and Saratoga racetracks.
Thursday, June 14, 2007New York officials have called a meeting with the four Thoroughbred franchise bidding groups for June 8 to discuss the future "structure" of the franchise to operate Aqueduct, Belmont Park, and Saratoga.
Wednesday, June 06, 2007A new group bidding to operate racing in New York includes Las Vegas casino operator Steve Wynn. The group also includes an unidentified racetrack operator.
Thursday, March 08, 2007The surprisingly large influx of campaign contributions from breeders and horse owners in Kentucky, California and elsewhere to the New York gubernatorial campaign of Eliot Spitzer did not come from individuals secretly vying to obtain the New York Racing Association franchise, according to one of the top donors.
Friday, July 21, 2006New York Attorney General Eliot Spitzer, the frontrunner in the New York governor's race, said he wants the franchise to run Thoroughbred racing in the state to be awarded sooner than later, and indicated the decision doesn't have to wait until the next governor takes over in 2007.
Tuesday, May 09, 2006The New York Racing Association can give free track passes to relatives of owners, trainers and jockeys, under legislation that has been given final approval by the state Legislature.
Friday, August 13, 2004An internal audit of a little known state fund found the New York Legislature has given the embattled New York Racing Association loose reins over $60 million it owes the state.
Friday, August 15, 2003Trainer John Ward received a surprise phone call on Wednesday from New York attorney general Eliot Spitzer, three days after the Kentucky horseman made comments critical of the federal investigation of the New York Racing Association.
Thursday, August 14, 2003Federal prosecutors are preparing an indictment against the New York Racing Association that will allege a corporate conspiracy that permitted corruption to occur at its three racetracks. Sources also say the state is currently developing a contingency plan in case the NYRA is ousted from its duties.
Thursday, July 17, 2003The charges and countercharges battle between the New York Racing Association and New York Attorney General Eliot Spitzer continued June 24, with NYRA charging the state's chief law enforcement agent "does not understand NYRA's operations," and that he made "no attempt" to make his damaging report balanced.
Tuesday, June 24, 2003Three former New York Racing Association tellers who offered to launder money to undercover police posing as cocaine dealers pleaded guilty to multiple counts of attempted laundering and conspiracy that could land them lengthy prison sentences.
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