Tom Precious

  • N.Y. Bill Giving THA More Money Goes to Spitzer

    A measure in New York to increase the amount of money Thoroughbred owners pay from purses to the New York Thoroughbred Horsemen's Association has gained legislative approval and now goes to Gov. Eliot Spitzer for his consideration.

  • Plan Floated Linking NYRA, Excelsior

    The 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.

  • State Officials Tell Bid Groups NYRA Should Run Tracks

    New York state officials told three Thoroughbred franchise bidding groups they want to let the New York Racing Association continue running the state's major racetracks and begin a new bidding process for rights to operate casinos at Aqueduct and Belmont Park.

  • Empire Group Alleges Collusion in N.Y. Bid Process

    Empire Racing Associates has accused two of its competitors of secretly meeting to discuss a possible joint venture involving New York's Thoroughbred franchise, which Empire contends violates state procurement rules involving collusion.

  • NYRA Receives Permission to Offer Internet Wagering

    The New York Racing Association will become the first racing entity in New York to offer internet wagering. State regulators April 26 approved a NYRA application to permit the potentially lucrative form of gambling, beginning as soon as NYRA can start the venture.

  • Swindal Leaves Excelsior as N.Y. Franchise Bids Aired

    Steve Swindal, the New York Yankees executive embroiled in divorce proceedings with the daughter of George Steinbrenner, has dropped out of Excelsior Racing Associates, one of four groups vying to win the New York Thoroughbred franchise whose proposals were made public April 5.

  • Key participants withdraw from major bidder for New York racing franchise.

    Excelsior Loses Steinbrenner Family Backing

    Excelsior Racing Associates lost some of its major backing April 1, with the announcement that the Steinbrenner family and a major New York City development firm will no longer be involved in the effort to obtain New York's lucrative Thoroughbred racing franchise.

  • Despite Rumors, Excelsior Says Franchise Bid on Track

    The reported departure of Steve Swindal from the New York Yankees--and his ties to the Steinbrenner family as well--has thrown into doubt the future of Excelsior Racing Associates, the group trying to take over New York's Thoroughbred racetrack franchise. Excelsior Racing, however, said Swindal remains an "integral part" of the team.

  • New Panel to Evaluate Groups Seeking New York Franchise

    A New York state government panel is being created to evaluate groups interested in taking over the franchise to operate Aqueduct, Belmont, and Saratoga racetracks, a process that suddenly makes wide open the race to replace the New York Racing Association.

  • New York Gov. Eliot Spitzer will not seek to re-bid the state's Thoroughbred racing franchise.

    New York Franchise: No Re-Bid, But No Decision

    Officials said New York Gov. Eliot Spitzer doesn't plan to reopen the bidding process for the state's Thoroughbred franchise--but he doesn't feel obligated to follow the recommendation of a screening panel, either.

  • NYRA Signal Cut to Account Wagering Outlets

    The New York State Racing and Wagering Board has turned off the New York Racing Association's simulcast signal to an estimated two dozen account wagering outlets. Regulators criticized NYRA for delays in submitting contracts to the agency for review, a delay that cost the racing entity about $25,000 in Aqueduct betting revenues Feb. 1, the first day of the signals being cut.

  • Aqueduct Casino, More VLTs Possible in '08 Plan

    New York state officials said talks are under way to permit construction to proceed on a casino at Aqueduct, and a crack has opened to possibly permit more video lottery terminals in the state. Additionally, there is a plan by the state to provide more public assistance to keep the New York Racing Association afloat through 2007.

  • NYRA Asks Court to Halt Franchise Award

    The New York Racing Association is asking a federal bankruptcy judge to halt the state's plan to turn Aqueduct, Belmont Park, and Saratoga over to the next Thoroughbred franchise-holder.

  • Confident Swindal Laying Plans for Excelsior

    New York Yankees partner Steve Swindal said his Excelsior Racing Associates group is already discussing future track management and laying plans to take over racing in New York on Jan. 1, 2008 when, he believes, Excelsior will begin operating Aqueduct, Belmont, and Saratoga racetracks.

  • Trainer Todd Pletcher loses appeal of suspension.

    Appeals Court Upholds Pletcher Suspension

    An appeals court in Albany, N.Y., upheld trainer Todd Pletcher's 45-day suspension and $3,000 fine Dec. 7, dismissing his challenge to the penalties for using an anesthetic on one of his horses too close to a race in 2004.

  • State Provides NYRA $8M Loan for Expenses

    The state of New York has wired the New York Racing Association $8 million to help ease its immediate fiscal troubles, a funding stream that surprised NYRA officials who earlier in the day had been in court on their first hearing after filing for Chapter 11 bankruptcy protection.

  • NYRA Seeks Bankruptcy Protection from Court

    The New York Racing Association has filed for Chapter 11 bankruptcy protection, charging that the state of New York's failure to approve a long-stalled casino project for Aqueduct Racetrack has pushed it toward insolvency.

  • NYRA Gets Bailout Funds, New Conditions

    The New York Racing Association will get its $19-million bailout from state government provided it gives assurances that it "does not anticipate" filing for bankruptcy protection in the next six months.

  • Panel Calls Urgent Meeting On NYRA Bailout

    With New York Racing Association officials threatening to seek bankruptcy protection, state officials are rushing to complete a deal by Oct. 30 to get government bailout money flowing to the financially ailing NYRA.

  • Bruno Believes NYRA Will Get $19M Soon

    The New York legislature's top Republican believes the New York Racing Association will soon get the remaining $19-million state bailout to keep it from seeking bankruptcy protection.

  • Empire Group Urges Pataki to Release Funds

    The head of a group vying to take over the Thoroughbred franchise from the New York Racing Association is urging Gov. George Pataki to release already-promised state funds to the financially ailing franchise holder.

  • Empire Group Urges Pataki to Release Funds

    The head of a group vying to take over the Thoroughbred franchise from the New York Racing Association is urging Gov. George Pataki to release already-promised state funds to the financially ailing franchise holder.

  • Fight for Franchise Aids New York Political Races

    With the future of the racing industry in New York up in the air, the most immediate beneficiaries appear to be state officials running for office this fall, thanks to a steady flow of money from individuals and companies tied in one way or another to the Thoroughbred franchise renewal process.

  • Horsemen's Group Blames NYRA for VLT Delays

    The New York Racing Association is to blame for the delays in state approvals needed to begin construction on the long-stalled Aqueduct casino project, the leaders of the New York Thoroughbred Horsemen's Association claim.