Tom Precious

  • NYCOTB Moves Step Closer to Shutdown

    New York City Off-Track Betting Corp. officials Jan. 25 moved another step nearer to shutting down with approval of letters to employees giving them the legally required notice of a March 30 closure.

  • NY Breeders Group Issues Warning

    The New York City Off-Track Betting Corp.'s bankruptcy petition and attempt to alter how it funds the industry risks undermining the state's already hard-hit breeding programs, New York's leading breeding group is warning.

  • NYRA: Toss Out NYCOTB Bankruptcy Petition

    The recent bankruptcy petition by the New York City Off-Track Betting Corp. should be tossed out of federal court, the New York Racing Association argues in a lengthy legal brief filed Jan. 4 in Manhattan.

  • New York Gov. David Paterson

    Paterson: Aqueduct VLT Operator Decision Near

    Frustrated by the delay in picking an Aqueduct casino operator, New York Gov. David Paterson said he is moving to publicly name his choice in hopes of putting pressure on legislative leaders to make a decision.

  • Belmont Park

    NYRA to Hold Belmont, But Money Will Run Out

    NYRA president Charles Hayward said the state needs to choose a casino operator for Aqueduct or the association will run out of money in June, which puts the Belmont Stakes (gr. I) at risk. As of now, the race will be run.

  • Could Tribal Casino Open Near NYRA Tracks?

    The federal government has given preliminary recognition to a Long Island Indian tribe, setting in motion development of a possible casino close to the New York Racing Association's two downstate tracks.

  • NY OTBs Ordered to Pay Harness Track Millions

    New York's rules governing racetrack and off-track revenue-sharing took another twist Dec. 15 as state racing regulators ordered four downstate off-track betting corporations to pay millions of dollars to Yonkers Raceway.

  • Move Planned for New York Drug-Testing Lab

    After nearly four decades, New York's Cornell University is moving to close its world-famous equine drug-testing laboratory. An equine science program at a state university 70 miles up the road is eagerly willing to take over, and expand, an operation vital to the state's horse industry.

  • Aqueduct Casino Said Down to Final Three

    Negotiations for an Aqueduct casino operator have stepped up again, with a new flurry of talks between Gov. David Paterson and legislative leaders occurring in advance of a return by the state legislature the week of Nov. 16 to deal with New York's soaring deficit.

  • All Five Aqueduct Bidders Meet Deadline

    All five remaining bidders for the Aqueduct gaming project said they have met a Nov. 6 deadline to guarantee a quick $200-million payment to the state of New York if they are chosen to develop the video lottery terminal casino at the Queens racetrack.

  • New York Gov. David Paterson

    NY Gov. Meets on Aqueduct Casino Project

    Gov. David Paterson and New York legislative leaders met behind closed doors Oct. 29 in Manhattan to try to resolve the selection of an operator for the long-stalled Aqueduct video lottery terminal casino project.

  • Aqueduct Casino Decision Forthcoming

    Gov. David Paterson hinted that selection of an Aqueduct video lottery terminal casino operator could come as early as Oct. 1, but sources indicated it take a little while longer.

  • PNGI Still in Hunt for Aqueduct VLT Contract?

    Penn National Gaming Inc., believed to be facing an uphill battle in the bidding wars to develop a video lottery terminal casino at Aqueduct, has offered the cash-starved New York state government $250 million in a non-contingency, upfront payment for the exclusive contract and believes it's still in the hunt for the project.

  • Bidding for Aqueduct VLT Project Tightens

    Negotiators in New York have tentatively narrowed down the bidding list to three entities to run the long-delayed video lottery terminal casino at Aqueduct, and a final decision could come as early as the week of Sept. 28.

  • Court Won't Hear Suspended Trainer's Appeal

    In a case that has ramifications for Thoroughbred racing, New York's highest court has refused to hear an appeal by a trainer suspended by state regulators for a pattern of alleged illegal equine drug violations involving horses at Monticello Raceway.

  • NYCOTB Changes Needed to Avoid Insolvency

    The New York City Off-Track Betting Corp., which is now controlled by the state government, is facing insolvency unless it can get its financial affairs in order, state Comptroller Thomas DiNapoli reported Aug. 14 in a long-awaited audit.

  • NY May Demand Horses' Complete Vet Records

    State racing regulators in New York, seeking additional and timely information about medications given to racehorses, are eyeing a major crackdown on recordkeeping practices by Thoroughbred owners and trainers.

  • NY Senator: Upfront Money Not There

    Officials in New York recognize they will not be getting the upfront payment money for the Aqueduct casino franchise they had been expecting before the economy turned sour, according to the head of the Senate's racing committee.

  • Slot Machine

    NY Horse Industry: Award VLT Project Now

    They tapped various talking points -- from higher purses and a beefed-up breeding industry to protecting green space and even family values -- but a group of Thoroughbred representatives have brought a singular message to state officials: Get the Aqueduct video lottery terminal casino off the ground.

  • NY Bill Gives Group More Money From Purses

    A New York horsemen's group will continue to get additional purse money to fund its operations, including health benefits for backstretch workers at New York Racing Association tracks, under final passage of legislation July 16 by the state Senate.

  • Legality of NY Racino Games Questioned

    Having failed to get a law approved permitting racetrack casinos to offer electronic table games, New York Gov. David Paterson's Lottery Division is moving ahead with plans for the new gambling devices at the state's eight racetrack-based casinos. But a lawyer who has sued the state over past gambling expansions said the Paterson administration may be playing with legal fire.

  • NY Officials Set Deadline for Casino Bid OK

    New York officials this week told bidders vying for the Aqueduct casino development rights to assume the contract will be awarded by Aug. 1, a questionable timetable given the chaos and leadership questions still swirling following a coup in the state Senate June 8.

  • NY Panel to OTBs: Hold Off on Long-Term Deals

    A New York government panel studying whether to alter the current structure of the state's off-track betting system has asked the OTBs to hold off on signing any long-term deals, a move that suggests the panel could have sweeping changes in mind.

  • MGM Mirage Back in Big A Casino Hunt

    MGM Mirage is back in the hunt to develop New York City's only legal casino with word emerging May 14 that it has joined forces with two other entities trying to win the bid for a sprawling new gambling facility at Aqueduct Racetrack.

  • Seven Bids Submitted For Aqueduct Casino

    Trying one more time, the state of New York accepted seven new bids - from major casino operators to real estate and racing interests -- to develop a casino at Aqueduct racetrack, an authority first approved for the facility back in 2001.

  • NY Official: Racetracks Hurt Racinos' Profit

    New York's lottery director caused a bit of a stir this week when he suggested to state lawmakers that racetracks are a drag on the profitability of their racino operations - leading to less money going to the state's education budget.

  • Suit Filed Over Aqueduct Casino Bid

    The long and twisting turns of efforts to develop a casino at Aqueduct racetrack has gone to a new venue: state court. SL Green Realty Corp., a Manhattan real estate company, has sued Buffalo-based Delaware North for breach of contract and other causes with allegations that include taking confidential information it obtained from SL Green for use in its bid for the casino.

  • Ernie Paragallo

    Animal Cruelty Found at Paragallo's Farm

    Investigators found serious violations of animal cruelty laws in at least 40 Thoroughbred horses at the New York farm owned by Ernie Paragallo following a raid April 8 by State Police and animal protection agency officials.

  • Lawmaker: Let NYRA Develop VLT Casino

    The state of New York should abandon efforts to find new bidders to develop a video lottery terminal casino at Aqueduct and instead tap the New York Racing Association to run the long-delayed facility, a leading state lawmaker believes.