Tom Precious

  • New York Comptroller Alan Hevesi questions motives of state agency.

    New York Comptroller Blasts State Lottery Division

    New York's top fiscal officer has warned a state agency that its delay in approving a video lottery terminal casino contract for Aqueduct is costing the state needed revenue and risking bankruptcy for the New York Racing Association.

  • NYRA cites need to settle dispute over ownership of land on which racetracks stand.

    Future of NY Racing Franchise Hot Topic at Conference

    Bidders vying for the major Thoroughbred franchise in New York blew their own horns -- and did a bit of not-so-subtle bashing of each other -- before an Aug. 1 who's who of racing industry insiders, including members of a state panel considering the bids to operate Aqueduct, Belmont, and Saratoga racetracks.

  • Farmer Defends Support for Spitzer's Election

    The surprisingly large influx of campaign contributions from breeders and horse owners in Kentucky, California and elsewhere to the New York gubernatorial campaign of Eliot Spitzer did not come from individuals secretly vying to obtain the New York Racing Association franchise, according to one of the top donors.

  • New York gubernatorial candidate Eliot Spitzer.

    Kentucky Horsemen Make Donations to Spitzer

    Groups and individuals trying to influence the future direction of horse racing in New York have opened their wallets to statewide candidates and campaigns of legislators who will have a role in picking a new owner of the franchise to operate Aqueduct, Belmont, and Saratoga racetracks.

  • 16 Potential Bidders Step Up in New York

    A who's who of racing industry heavyweights formally notified New York state June 30 of their interest in obtaining the franchise now held by the New York Racing Association to operate Aqueduct, Belmont, and Saratoga racetracks.

  • Pataki Shakes Up New York Regulatory Board

    A long-simmering dispute between top Republicans in New York over the composition of the state racing and wagering board has been settled with the nomination by Gov. George Pataki of two new members to the racing industry's regulatory panel.

  • Empire Racing Group Names Tucker Chairman

    Jeffrey Tucker, a New York breeder, has been named chairman of the fledgling Empire Racing Associates, a group of horsemen and breeders trying to position itself to be among the holders of a new Thoroughbred racing franchise in New York.

  • Group Studies Synthetic Racing Surfaces for New York

    A fledgling group of owners and breeders in New York has launched a new effort to study a variety of issues affecting the safety of Thoroughbred horses, including whether some of the state's racetracks should install alternative racing surfaces.

  • Spitzer: Award Franchise 'As Rapidly As Possible'

    New York Attorney General Eliot Spitzer, the frontrunner in the New York governor's race, said he wants the franchise to run Thoroughbred racing in the state to be awarded sooner than later, and indicated the decision doesn't have to wait until the next governor takes over in 2007.

  • Delayed Aqueduct VLT Costs Soaring

    The projected costs of the New York Racing Association's video lottery terminal casino keep soaring, and state officials are voicing renewed concerns about the delay in building the new gambling facility at Aqueduct racetrack.

  • 'Friends' Releases Legislative Proposal for Racing

    New York should permit public and private partnerships to bid on the New York Racing Association franchise, allow bettors to wager via computers, introduce frequent-betting rewards programs at tracks, and approve the merger of the state's off-track betting corporations, according to an ambitious legislative package proposed March 9 by Friends of New York Racing.

  • NY Tracks, VLTs Worth $2.1 Billion, Study Says

    New York state could reap at least $2.1 billion if it auctions off video lottery terminal franchises at Aqueduct and Belmont racetracks, sells the tracks now run by the New York Racing Association, and privatizes the six regional off-track betting corporations now scattered around the state.

  • NYRA Bailout Tied to Hike in Takeout Rate

    The New York Racing Association will have to raise pari-mutuel takeout if it is to obtain a $20-million loan from the state of New York, according to language buried in state budget bills introduced the week of Jan. 16.

  • NYRA Hopes to Receive Additional $20 Million Soon

    With construction set to start on a video lottery terminal casino at Aqueduct in late January, racetrack, the New York Racing Association is pushing the state of New York to provide an additional $20-million bailout before spring.

  • New York Panel Schedules Public Hearings

    The New York state panel involved in the renewal process for a new Thoroughbred racing franchise to replace the New York Racing Association will hold two public hearings later this month to help it carry out its mandate.

  • New York Gov. George Pataki

    Pataki Offers Last-Ditch Plan to Assist NYRA

    New York Gov. George Pataki is offering $10 million in immediate aid to help keep the ailing New York Racing Association from insolvency, and he pledged to work with legislators on another measure to lend NYRA cash against its future gaming proceeds.

  • New York Senate Majority Leader Joseph Bruno

    New York Lawmaker Calls for Creation of Fund to Help NYRA

    New York's top Republican in the state legislature has called for the creation of a $30-million state fund to help the New York Racing Association overcome its financial crisis while the state speeds up the process to award a new Thoroughbred franchise.

  • NY racing board upholds Pletcher suspension.

    New York Upholds 45-Day Suspension for Pletcher

    Trainer Todd Pletcher, who recently set a single-season record for earnings, was suspended for 45 days by New York regulators Dec. 15 for a banned substance found in one of his horses that raced a year ago at Saratoga.

  • Report: New York Must Overhaul Racing Laws

    New York officials need to act quickly to launch a major overhaul of racing laws to help jumpstart the state's $1.4-billion Thoroughbred racing industry, Friends of New York Racing concluded in its year-end report on the status of pari-mutuel horse racing in the state.

  • Hevesi questions agency spending practices.

    State Audit Details Questionable Spending at Capital Investment Fund

    The former chairman of the now-defunct New York State Thoroughbred Capital Investment Fund tapped into the agency's budget to foot expenses for a bed and breakfast and Mexican restaurant he owned, while CIF funds were used to pay for such personal items as overnight mailings to watch repair stores, gasoline and entertainment, New York State Comptroller Alan Hevesi said in an audit released Dec. 5.