Tom Precious

New York Racino Stalled by Licensing Difficulties

Licensing problems have delayed, for possibly well into 2004, the opening of Vernon Downs, which was to become the first racetrack in New York with video lottery terminals. That honor will now go to Saratoga Raceway, which is scheduled to open its VLT operation in mid-January.

NYRA Fined $3 Million; Two Officials, Four Tellers Indicted

NYRA Fined $3 Million; Two Officials, Four Tellers Indicted

The New York Racing Association, under investigation for more than three years, was indicted Thursday on fraud and conspiracy charges. Besides the indictment of NYRA, the U.S. Attorney's office in Brooklyn also unsealed indictments against two former directors of the parimutuel department as well as four former tellers on conspiracy and tax fraud charges.

Cooperation, Not Politics, Led to Deal With Prosecutors

The New York Racing Association's political muscle had nothing to do with the deal in which prosecutors agreed to indict NYRA, but not prosecute it if it agrees to certain reforms and pays a $3 million fine, NYRA chairman Barry Schwartz said Thursday.

NYRA Indicted; Avoids Trial and Retains Right to Operate Tracks

NYRA Indicted; Avoids Trial and Retains Right to Operate Tracks

The New York Racing Association, under investigation for more than three years, was indicted Thursday on fraud and conspiracy charges. Despite that, NYRA will be able to retain its franchise to run three premier Thoroughbred tracks in New York under a "deferred prosecution'' deal in which it will escape a trial in return for reforming its operations, according to the deal agreed to by federal prosecutors and the NYRA board of trustees.

Reports: NYRA Indictment Imminent; Franchise Safe

Reports: NYRA Indictment Imminent; Franchise Safe

New York media outlets have reported an indictment of the New York Racing Association on conspiracy, tax evasion, and fraud charges is expected, possibly as soon as Dec. 5. In an unusual deal, NYRA would be allowed to keep its franchise to operate Aqueduct, Belmont Park, and Saratoga, according to the reports.

New York Legislation Would Tighten Licensing Standards


With scandals at the New York Racing Association having left a string of criminal convictions over the past couple years, the chairman of the Senate racing committee has proposed legislation to tighten state law to ensure convicted felons cannot obtain racing licenses in New York.

Officials, Others Ponder Future if NYRA is Indicted

Officials, Others Ponder Future if NYRA is Indicted

As the racing industry's breath-holding continues as it awaits the ongoing investigation by the U.S. Attorney's office, it is a question state and federal officials, as well as NYRA's boosters and competitors alike, have been increasingly pondering.

Budget Plan Would Put VLTs at New York OTBs

Video lottery terminals would be permitted at off-track betting facilities in New York under a plan being considered by state budget negotiators. The idea is being promoted to deal with another huge, multibillion-dollar budget looming over the next two years and a failure by racetracks to get VLTs up and running quickly enough to send revenue-sharing money to the state.

Anti-Trust Concerns Lead to Veto of New York Legislation

Legislation designed to make it easier for New York tracks to coordinate racing schedules and sell their products jointly has been vetoed by Gov. George Pataki, who said the bill could "work to the detriment of New Yorkers who patronize horse racing and betting facilities."

New York to Test for EPO Antibodies Beginning Nov. 1

New York regulators Oct. 21 gave final approval to a new rule authorizing the testing of post-race samples for performance-enhancing erythropoetin antibodies. The New York Racing and Wagering Board said the testing would begin Nov. 1, which would make New York the first state to require the test.

NYRA Hires New Chief Financial Officer

NYRA Hires New Chief Financial Officer

The New York Racing Association, poised to make major reorganizational changes in a bid to keep its racing franchise intact, has hired a new high-level executive to oversee its much-criticized finances.

Personnel, Purses Subject of Private NYRA Meeting

Personnel, Purses Subject of Private NYRA Meeting

The trustees of the New York Racing Association, a target of allegations of wrongdoing and mismanagement, met in private Sept. 24 to devise ways to keep from losing the franchise to operate the state's premier Thoroughbred tracks.

Reforms for Pari-Mutuel Wagering Security Outlined

Reforms for Pari-Mutuel Wagering Security Outlined

Former New York Mayor Rudolph Giuliani will recommend a series of reforms to the racing industry in the aftermath of the Breeders' Cup Ultra Pick 6 wagering fraud, including creation of a central, nationwide authority to help oversee security issues.

Judge Upholds New York's VLT Law

In a case closely watched by the racing industry, a New York judge today upheld legislation permitting racetracks in New York to offer video lottery terminals.

Feds Seeking Indictment Against NYRA

Federal prosecutors are preparing an indictment against the New York Racing Association that will allege a corporate conspiracy that permitted corruption to occur at its three racetracks. Sources also say the state is currently developing a contingency plan in case the NYRA is ousted from its duties.

NYRA's Mystery Voucher Promo Stopped Mid-Stream

After mailing out 180,000 vouchers to its fans, the New York Racing Association has scuttled its marketing tool known as the "mystery voucher'' program after state regulators ordered new safeguards implemented in the program.

Casino Mogul Trump Joins List of NYRA Critics

Casino Mogul Trump Joins List of NYRA Critics

Using a smiling, cigar-chomping photograph of gangster Al Capone atop a caption saying "he would have loved'' the thought of putting slot machines at New York Racing Association tracks, casino mogul Donald Trump has joined in on the growing chorus of NYRA critics.

Spa Takes Back Seat to Defense of NYRA

Spa Takes Back Seat to Defense of NYRA

The charges and countercharges battle between the New York Racing Association and New York Attorney General Eliot Spitzer continued June 24, with NYRA charging the state's chief law enforcement agent "does not understand NYRA's operations," and that he made "no attempt" to make his damaging report balanced.

NYRA Seeks to Lower Pari-Mutuel Takeout

NYRA Seeks to Lower Pari-Mutuel Takeout

Quickly taking advantage of a new pari-mutuel deregulation move by the state, the New York Racing Association has proposed reducing its takeout on certain bets at Aqueduct, Belmont Park, and Saratoga.

Serey's Trainer's License Revoked

Trainer Juan Serey has had his license revoked by New York regulators, who found him "financially irresponsible'' and, therefore, unable to remain in business as a Thoroughbred trainer.

AG's Report Suggests NYRA Unfit to Operate Franchise

State officials should consider removing the New York Racing Association as operator of Aqueduct, Belmont Park, and Saratoga racetracks for ignoring and covering up an empire overrun with employee corruption that includes cheating of its customers, New York Attorney General Eliot Spitzer has charged.

Schwartz: VLTs Hinge on Agreement With Horsemen

The New York Racing Association cannot proceed with its video lottery terminal program unless it strikes a deal with its horsemen to reduce the revenue-sharing for purses in the later years of the program, NYRA chairman Barry Schwartz said.

New York Deal Includes Other Pari-Mutuel Provisions

A deal to bring video lottery terminals to New York racetracks with an increased slice of the pie for track operators includes other provisions, including removal of restrictions on pari-mutuel takeout. The VLT deal is expected to bring the state $165 million this year, legislative sources said.

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