The New York Racing Association's projected $2.1 million surplus for 2015 will be driven by attempts to increase field size by possibly reducing the number of race dates and cutting expenses.
The agenda for the Nov. 12 meeting of the board of the New York Racing Association was short and sweet: to discuss a re-privatization plan for the organization due next spring to the office of New York Gov. Andrew Cuomo.
Optimism was evident May 28 as the board of directors of the New York Racing Association heard Chris Kay, president and CEO, detail several improvements customers can expect on what could be an historic Belmont Stakes day.
The New York Racing Association reported net income of $8.2 million for the first six months of 2013, up 2% from the same period in 2012 because of an increase in video lottery terminal revenue and a decrease in expenses.
The New York Racing Association board of directors, at a meeting late in the afternoon of April 29, appointed an interim management team to run the corporation's racetracks until a new chief executive officer is hired.
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