Tom Precious

  • New York governor Eliot Spitzer

    NYRA OK, But OTB Closure Looming

    Legislation giving the New York Racing Association a 25-year extension of its exclusive Thoroughbred franchise was signed Feb. 19, Gov. Eliot Spitzer said. Meanwhile, the mayor of New York City reiterated that New York City Off-Track Betting Corp. can't continue under its current arrangement with the state.

  • NYRA Wins 25-Year Franchise

    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.

  • New York Governor Eliot Spitzer

    NYRA Franchise Deal Approved

    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.

  • The New York Racing Association will continue to run racing in the state.

    Sources: NYRA in Control of Racing

    The New York Racing Association, in control of Thoroughbred racing in the state since 1955, will continue to run racing under a deal that came together Feb. 12 at the state Capitol in Albany, government and industry sources say.

  • NYRA chairman C. Steven Duncker

    NYRA Discussions 'Going Backward'

    Negotiators on February 11 failed again to broker a new Thoroughbred franchise deal in New York, raising the chances that Aqueduct could go dark later this week.

  • New York Senate Majority Leader Joseph Bruno at Press Conference on Feb. 7.

    Bruno: 'Scare Tactics' Must End

    While unveiling what he called the framework of a Thoroughbred franchise agreement, Senate Majority Leader Joseph Bruno blasted the New York Racing Association Feb. 7 for attempting to scare its workers and horsemen by threatening a shutdown Feb. 14.

  • NY Panel Stymies Chairman's Actions

    A Republican-dominated state panel overseeing Thoroughbred racing in New York has curbed the ability of its new chairman to broker deals with the New York Racing Association. The chairman was appointed by Democrat Gov. Eliot Spitzer. The move came the same day Spitzer released his 2008 state budget plan, which includes revenue from a proposed casino at Belmont Park.

  • NYRA Gets New Temporary Extension

    Negotiators in New York have agreed to another temporary extension to keep racing operating while talks continue on a longer-term franchise deal to operate Aqueduct, Belmont Park, and Saratoga, officials said Jan. 21.

  • New York Talks Still at Impasse

    Negotiators trying to reach a deal on a new Thoroughbred franchise in New York are still at an impasse, and now the talks have turned to approving another extension to permit the New York Racing Association to temporarily continue running racing.

  • New York OTB Could End in June

    The New York City Off-Track Betting Corp. will cease operations June 16 unless state officials provide regulatory relief before then, according to a Jan. 16 report to the corporation's board of directors.

  • New York Franchise a War of Words

    The temporary extension given to the New York Racing Association to operate Aqueduct has allowed government officials to boost the rhetorical wars against each other over the failure to devise a long-term franchise deal.

  • New York Franchise Talks Lingering

    Racing will continue to be run at Aqueduct on New Year's Day under an agreement reached Dec. 31, but government negotiators failed to resolve the permanent Thoroughbred franchise issue in New York.

  • NYRA to Continue Operating Aqueduct

    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.

  • State Fails to Approve NYRA Deal

    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, Board Strike Temporary Deal

    With talks going down to the wire, the New York Racing Association has reached an agreement with a state government oversight panel to at least continue running racing on a brief, temporary basis.

  • NYRA Oversight Chair: No Guarantees

    The new head of a state government panel that will oversee Thoroughbred racing in New York Jan. 1, 2008, said he could not guarantee that horses will be running at Aqueduct in two weeks.

  • NYRA Oversight Panel Has New Chair

    A state government panel in charge of overseeing the New York Racing Association's finances--and the racing franchise as of Jan. 1, 2008--has a new chairman at a critical moment in the franchise negotiations.

  • NYRA Offered Temporary Extension

    A state government panel Dec. 17 approved letting the New York Racing Association continue running racing on a temporary basis until officials can agree on a new franchise-holder for Aqueduct, Belmont Park, and Saratoga.

  • NYRA President Considers Benchmarks

    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.

  • Gov. Eliot Spitzer

    New York Negotiations Continue

    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.

  • New York: Clock Ticks, Talks Rage

    With closed-door talks failing to produce a deal on a new Thoroughbred franchise in New York, state officials have begun discussing getting the framework of a deal in place before a Dec. 31 deadline with passage of an agreement by the legislature in early January.

  • NYRA Franchise Blasted by Bruno

    With talks so far stalled on reaching a deal on a new Thoroughbred franchise holder, New York's top Republican in the Legislature blasted the operations of the New York Racing Association.

  • Audit: NYRA Underpaid State

    The New York Racing Association, whose annual deficits are "not reflective of operating in a sound and economical manner," underpaid the state of New York by $10.9 million in franchise fees from 2004 to 2005, according to a new audit by state comptroller Thomas DiNapoli.

  • Audit: NYRA Underpaid State Franch

    The New York Racing Association, whose annual deficits are ?not reflective of operating in a sound and economical manner,?? underpaid the state of New York by $10.9 million in franchise fees from 2004 to 2005, according to a new audit by state comptroller Thomas DiNapoli.

  • NYRA Creditors Can Vote on Plan

    A federal bankruptcy court judge has paved the way for the New York Racing Association to emerge from Chapter 11 protection pending the outcome of a vote by creditors.

  • NYRA Outlines Finances in Documents

    The New York Racing Association is proposing to keep 17.5 acres of land adjacent to Aqueduct after it gives up it land claims to the state of New York, according to amendments filed to its Chapter 11 bankruptcy reorganization.

  • New York Franchise Still a Question

    With a franchise expiration date of Dec. 31 fast approaching, it still remains very unclear who will be in control of Aqueduct, Belmont Park, and Saratoga in 2008 and beyond.

  • Plan May Split Control of NY Tracks

    Two days after a top lawmaker said he believes Gov. Eliot Spitzer has moved away from the idea of awarding the entire Thoroughbred racing franchise to the New York Racing Association, a plan is kicking around in Albany to split the three tracks among different entities.

  • IRS Claims NYRA Owes $1.6 Billion

    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.

  • Magna, Churchill Withdraw From Empire Racing

    A consortium of major horse industry companies vying for the Thoroughbred franchise in new York began falling apart Oct. 10, as Magna Entertainment and Churchill Downs announced their withdrawal from Empire Racing Associates.

  • Magna, Churchill Withdraw From Empire Racing

    A consortium of major horse industry companies vying for the Thoroughbred franchise in New York began falling apart Oct. 10, as Magna Entertainment Corp., Churchill Downs Inc., and Delaware North announced their withdrawal from Empire Racing Associates.

  • NY Senate Mulls Overhaul to Spitzer Racing Franchise Plan

    A day after New York Gov. Eliot Spitzer recommended the New York Racing Association for a 30-year franchise extension, officials with the Republican-led Senate said an alternative is being crafted to bring in more players to run the lucrative franchise.

  • Spitzer Recommends NYRA Maintain Franchise

    New York Gov. Eliot Spitzer has formally recommended the New York Racing Association continue to operate Aqueduct, Belmont Park, and Saratoga racetracks while a separate operator for future casino developments at Aqueduct and possibly Belmont would be tapped down the road.

  • NYRA President Charles Hayward reacting to franchise decision at Sept. 4th press conference.

    Spitzer Recommends NYRA Maintain Franchise

    New York Gov. Eliot Spitzer has formally recommended the New York Racing Association continue to operate Aqueduct, Belmont Park, and Saratoga racetracks while a separate operator for future casino developments at Aqueduct and possibly Belmont would be tapped down the road.

  • Governor Eliot Spitzer

    New York Governor Vetoes Rebate Legislation

    New York Gov. Eliot Spitzer has vetoed legislation advocates said would have made it easier for tracks and off-track betting corporations to begin bettor rebate programs as a way to compete with off-shore entities and others in the pari-mutuel wagering industry.

  • New York Racing Rule Targets

    <P>New York racing regulators July 31 adopted a series of new rules, including more restrictive prohibitions on betting by racetrack mutuel tellers and final action on a provision to combat "<A href="http://www.thehorse.com/ViewArticle.aspx?ID=6707">milkshaking</A>" of horses. <P>"The board instituted a number of rules today that were designed (to) ensu...

  • New York Rules Target Betting, 'Milkshakes'

    New York racing regulators July 31 adopted a series of new rules, including more restrictive prohibitions on betting by racetrack mutuel tellers and final action on a provision to combat "milkshaking" of horses.

  • New York Gov. Eliot Spitzer, has asked racing franchise bidders to re-submit proposals.

    Spitzer Asks Racing Franchise Contenders to Re-Submit Bids

    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.

  • New York THA Breaks From Empire Racing

    The New York Thoroughbred Horsemen's Association is breaking its ties with Empire Racing Associates, a move that will further throw into confusion the process for naming a franchise holder to operate Aqueduct, Belmont Park, and Saratoga.