Tom Precious

NYRA Franchise Extension Approved by Legislature

A deal to extend the New York Racing Association's franchise to run three tracks in the state was approved May 16 by the Senate and Assembly as part of a state budget package. NYRA must have VLTs in operation at Aqueduct by April 1, 2003.

Schwartz: Aqueduct VLT Plan Must be Scaled Back

Plans by the New York Racing Association to build a world-class gambling facility to house video lottery terminals at Aqueduct will have to be shelved because state regulators are requiring tracks to pay too much of the program's expenses.

New York VLT Plan Moves Ahead

State regulators in New York have approved a plan for 11,400 video lottery terminals at eight racetracks, but also appear to have dismissed the industry's demand for more help to make alternative gaming profitable.

OTB Corp. Gets OK to Operate New York Track

Permission has been granted for the first time ever in New York for an off-track betting corporation to run a racetrack. After years of battling industry opposition and eventually paying hundreds of thousands of dollars to make the critics go away, Western Regional Off Track Betting Corp. was given approval by state regulators Feb. 27 to reopen Batavia Downs.

NYRA Plans to Make New Pitch for NYCOTB

Despite plans by the new mayor of New York City to delay the sale of New York City Off-Track Betting Corp., the head of the New York Racing Association said he will make a new pitch to purchase the lucrative corporation.

Saratoga Officials Approve VLTs For Harness Track

Video lottery terminals will be coming to Saratoga Springs following approval Wednesday evening by local officials of a resolution permitting the devices at a Standardbred track located just down the road from the New York Racing Association's premier flat track.

New York Mayor: To Sell or Not to Sell NYCOTB?

The new mayor of New York City left open the prospect that he may still proceed with the sale of New York City Off-Track Betting Corp., a deal some of his aides are pushing him to make to raise money for the deficit-ridden city. But whether he will proceed with the sale of the $1-billion betting empire that was begun by his predecessor, Rudolph Giuliani, remains a question.

New York Budget Plan Includes VLT Revenue

As racetracks continued to insist they can't make money off New York's new video lottery terminal program, Gov.George Pataki released a state budget proposal that for the first time projects revenue for government from the gambling devices.

NYRA Plans 100,000-Square-Foot VLT Area at Aqueduct

The New York Racing Association has submitted plans to state regulators to build a 100,000 square-foot, video lottery terminal area at Aqueduct racetrack, but the chairman of NYRA says the proposal won't work unless the state revises its new video lottery terminal law to give tracks more help with expenses.

Former Regulator to Head New York Program

An upstate New York law school is beginning a new center to study racing and wagering issues, and officials hope it will be in the forefront of tackling various policy issues. The Albany Law School has hired Bennett Liebman, a former state racing and wagering board member, to head its new Program on Racing and Wagering.

New York Tracks Worry About Costs of VLT Program

Other tracks in New York have joined the New York Racing Association in condemning aspects of the state's new law that authorizes video lottery terminals. They claim state government is forcing them to pick up too many of the costs of the program.

Court Upholds Warrantless Searches at Tracks, Except in Dorms

A federal appeals court has upheld the ability of regulators in New York to conduct unannounced searches of racetracks without warrants to investigate illegal equine drug use and other activities that may affect the integrity of racing in the state. But the 2nd Circuit U.S. Court of Appeals said the investigators from the state Racing and Wagering Board went too far in 1997 when they also searched dormitories used by grooms at Yonkers Raceway

Schwartz: Video Gaming Not a Panacea

The video lottery terminals proposed for New York racetrack appear to be less of a good deal than was expected when a law that permits them was rushed through two months ago, the head of the New York Racing Association said.

Schwartz: Video Gaming Not a Panacea

The video lottery terminals proposed for New York racetrack appear to be less of a good deal than when a law that permits them was rushed through two months ago, the head of the New York Racing Association said.

Casino, New York Tribe Strike Deal

Casino gambling in the Catskill Mountains of New York took a major step forward with the signing of an agreement between an Indian tribe and the world's largest casino company to manage a sprawling betting resort.

Saratoga Springs May Be VLT Battleground

As a new, sweeping gambling package was signed into law in New York, forces were already lining up for a potentially nasty battle over whether to permit video lottery terminals in Saratoga Springs, the state's healthiest Thoroughbred community.

New York Adopts VLT, Casino Legislation

Officials in New York gave final approval early this morning to a historic gambling package giving most racetracks video lottery terminals, allowing up to six Indian-owned casinos in Western New York and the Catskills and expanding the state's lottery offerings.

Lawmakers: Final Touches Put on VLT Legislation

Officials in New York are closing in on a historic gambling package that would give some racetracks video lottery terminals, permit up to six Indian-owned casinos in western New York and the Catskill Mountains, and expand the
state's lottery offerings.

Giuliani: Sell NYCOTB to Raise Revenue

New York Mayor Rudolph Giuliani is urging state lawmakers and the governor to approve his plan to sell the New York City Off-Track Betting Corp. to a Magna Entertainment-led consortium as a way to raise much-needed revenues in the aftermath of the Sept. 11 terrorist attacks.

All New York OTB Outlets Drop Keeneland

All of the off-track betting corporations in New York confirmed Friday they will not take the signal from Keeneland effective Friday, the Lexington track's opening day. The decision is tied to a reduction in takeout at Keeneland, the impact it could have on the bottom line of outlets that take the signal.

NYRA Hires Gulfstream Park Executive

The New York Racing Association, apparently seeking to cover its bases in its fight to block the sale of the New York City Off-Track Betting Corp. to a consortium headed by Magna Entertainment, has lured away a top executive from a Magna-owned racetrack.

Sources: Aqueduct VLT Experiment in the Works

New York Gov. George Pataki is quietly floating a plan to permit video lottery terminals only at Aqueduct racetrack on an experimental basis, sources at the state capital said. The plan is said to ignore the Standardbred industry, which has lobbied hard for VLTs.

It's Official! Magna Is Winning Bidder For NYCOTB

Setting the stage for a nasty battle between two racing giants, New York City Mayor Rudolph Giuliani Thursday afternoon tapped a group led by Frank Stronach's Magna Entertainment over the New York Racing Association as the winning buyer of the lucrative New York City Off Track Betting Corp.

NYRA Employees Indicted; Giuliani Cancels News Conference

Four New York Racing Association employees have been indicted as part of a probe by state investigators into an alleged money laundering operation. New York City Mayor Rudolph Giuliani cancelled an 11 a.m. news conference at which he was to announce a group led by Magna Entertainment had won the purchase rights to the New York City Off Track Betting Corp.

Indictments, Winning OTB Bidder to be Announced?

A first round of indictments involving allegations of criminal activity at betting window operations at New York Racing Association tracks is expected today, sources said Wednesday. Also Thursday, the winning bidder for New York City Off-Track Betting Corp. is expected to be announced.

Magna May Have NYC-OTB Inside Track

New York's top Democrat in the state Legislature said New York City Mayor Rudolph Giuliani has told him the city government is inclined to sell its massive off track betting operation to a consortium of racing interests headed by Magna Entertainment.

OTB Corp. Gets OK to Operate Racetrack

Western Regional Off-Track Betting Corp., which controls wagering in a huge, 15-county region in upstate New York, will be allowed to run harness races at Batavia Downs, which is located east of Buffalo. It is the first time an OTB corporation, which in New York are quasi-public agencies, will be permitted to operate a racetrack. Gov. George Pataki must sign the legislation.

NYRA's Lower Takeout Rate on Wagers Approved

The New York Racing Association, after agreeing to concessions with the state's off-track betting corporations, won final legislative approval of its plan to lower takeout on betting at its three tracks in New York. Gov. George Pataki must sign the bill.

Deal Struck to Bring Casinos to Western New York

New York Gov. George Pataki and the Seneca Indian Nation have struck a deal to bring three Las Vegas-style casinos to western New York in a bid to directly compete with a casino and racetrack with slot machines in nearby Canada. Though the casinos would pose a competitive threat to the region's Thoroughbred and Standardbred racetracks, racing insiders were beaming, because the casino deal with the Indians would make their task of selling a racetrack video lottery terminal proposal much easier.

Shuttered Track's Revival May Be Tied to VLTs

Remember Tioga Park in New York's southern tier? If you don't, you're not alone. But the former Quarter Horse track is being shopped around as a potential investment in light of the fact the concept of video lottery terminals at racetracks is generating much discussion in the state legislature. Meanwhile, Gov. George Pataki said the VLT proposal would be considered.

Despite Improvements, NYRA Spending Still Questioned

The New York Racing Association has made improvements in its financial practices in recent years, but state auditors have questioned a number of big-ticket expenses, including money NYRA donated to charity but did not report to federal tax officials and consulting and lobbying expenses.

NYRA, Legislator Clash on Aqueduct Dates Bill

The New York Racing Association says legislation that would allow it to reduce dates at Aqueduct has met no opposition from other racing groups, but at least one legislator has reservations. The bill was reported out of the Assembly Ways and Means Committee, and is expected to be approved by the lower House within weeks.

Bill Would Let NYRA Trim Aqueduct Meet

The state Senate unanimously approved a bill sponsored by Senate Racing Committee chairman William Larkin that would, at the request of the New York Racing Association, change state law to lower the number of mandatory racing days at Aqueduct from 107 to 95.

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