Scientific Games Corporation has joined Empire Racing's bid to operate New York State's Thoroughbred racetracks at Saratoga, Belmont, and Aqueduct.
- By Tom Precious
The New York Racing Association, which hopes to get the state's attention on its current fiscal plight, did itself no favors by the way it hired a bankruptcy law firm to represent it in the event of insolvency if the reaction of the head of a new oversight panel is any indication.
Scientific Games, the parent company to Autotote, fired a software engineer suspected of altering a bet to win the Breeders' Cup Pick 6. An industry task force is expected to be formed to address the integrity of the country's tote systems.
An employee of Autotote, the totalizator service of Catskills OTB, has been fired for alleged wrongdoing with regards to the Breeders' Cup Ultra Pick Six that is currently being investigated by the New York State Racing and Wagering Board.
Autotote Systems, a subsidiary of Scientific Games, has extended its totalizator operations and services contract with the New York Racing Association through the fall of 2004.
Scientific Games reported $5.4 million, a gain of 10 cents per common share, in net income for the three month period ending March 31. For the same period a year ago, the company reported a net income of $4.1 million or a loss of 10 cents per share.
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