Tom Precious

  • Finger Lakes in upstate New York offers live racing and electronic gaming

    Finger Lakes Says Its Future in Jeopardy

    Officials at Finger Lakes in upstate New York said the facility risks closure as early as 2017 unless the state takes action to protect its finances in the wake of approval Dec. 21 of a full-blown casino about 25 miles away.

  • Finger Lakes Seeks Reduction in Race Dates

    In an apparent move to pressure state officials to at least lower its mandated tax rate, Finger Lakes Gaming & Racetrack said Dec. 18 that it wants to cut the number of Thoroughbred race dates in 2016 by nearly 20%.

  • Fantasy Sports Under Scrutiny in New York

    New York's Standardbred industry warned of the growing financial consequences of racing-based daily fantasy sports sites, while a major off-track betting corporation says OTBs should have the authority to offer such contests.

  • Eight acres of land at Belmont Park have been taken off the market

    Move Stirs Speculation on Belmont VLT Casino

    An eight-acre parcel of land on the grounds of Belmont Park is no longer being offered to private developers, a move that is raising concerns in some circles that the state may be eyeing the site for a VLT casino.

  • NY Hearing to Focus on Fantasy Sports Impact

    Three New York legislative panels are seeking answers to the impact the daily fantasy sports industry is having on other sectors of the gambling industry, including horse racing and the state's own lottery system.

  • Trainer Steve Asmussen

    Asmussen Fined in New York PETA Probe

    The New York State Commission Nov. 23 proposed far-reaching equine drug rules as they slapped trainer Steve Asmussen with a $10,000 fine stemming from a probe into allegations of equine abuse brought against him by PETA.

  • Steve Asmussen

    New York to Release Results of Asmussen Probe

    After considerable delay, New York regulators Nov. 23 are poised to release the much-anticipated results of a probe into allegations by an animal rights group about horses under the care of trainer Steve Asmussen.

  • New York Racinos Approve Move to Halt Fantasy

    The move this week by New York Attorney General Eric Schneiderman against fantasy sports sites DraftKings and FanDuel may have its vocal detractors, but the state's racetrack owners support Schneiderman's move.

  • NYSGC equine medical director Dr. Scott Palmer

    NY Pilot Program Offers EKGs for Horses

    New York is beginning a pilot program at Aqueduct Racetrack and Belmont Park to screen Thoroughbreds for cardiac arrhythmias with the use of a small recording device attached to a smartphone or computer.

  • NY Rule Impacts Testing for Claimed Horses

    The state of New York, citing costs savings, is considering a plan to halt a practice in which the state, at its expense, tests all claimed horses to check for the presence of drugs or other substances.

  • Audit: New York OTBs in Financial Peril

    New York's top fiscal watchdog said payments to racetracks, competition from advance deposit wagering entities, and sharply rising simulcast fees are contributing to increasingly perilous finances at five OTB corporations.

  • NY Lawmakers Hear Views on Internet Poker

    New York's racetrack-based casino operators are urging state officials to go slow with any effort to legalize online poker and, if permitted, any internet poker program should be awarded only to licensed facilities.

  • Mark Gearan

    NY Gaming Commission Chairman Resigns

    The chairman of the panel that regulates horse racing and all gambling entities in New York state has resigned, just over a month before the Gaming Commission is expected to award licenses to commercial casino operators.

  • New York Forum to Discuss Lasix Use

    Considering possible changes to the state's equine drug laws, New York regulators are calling together education, veterinary science, and industry experts to discuss the use of the anti-bleeding medicine furosemide.

  • Court Ruling Could Slow Finger Lakes Casino

    A push to develop a new commercial casino in the Finger Lakes region of New York was ordered to slow down by an appeals court, which determined local officials did not not follow environmental review procedures.

  • Coupled entries 1, 1A and 2, 2B leave a starting gate.

    New York Coupled Entry Rules Modified

    New York state regulators have modified a couple of ways in which wagering on Thoroughbred races is conducted as part of an effort to boost field size and revenues for the industry.

  • Workers' Comp Remains for NY Exercise Riders

    A measure to remove a mandate that exercise riders be provided workers' compensation coverage from the New York Jockey Injury Compensation Fund failed to get approved in either house of the New York legislature.

  • Bill Lets New York OTBs Use Capital Funds

    New York off-tracking betting corporations will be permitted to dip into their capital funds to help pay for operating expenses under legislation given recent final approval by the New York lawmakers.

  • NY Legislature Ends Palm Sunday Racing Ban

    The New York State legislature has halted a longstanding ban against pari-mutuel wagering and live racing on Palm Sunday, a move industry supporters claim will raise revenue for tracks and the state.

  • Violette: NY Exercise Riders Still Covered

    The head of the New York Thoroughbred Horsemen's Association said a move to drop exercise riders from workers compensation insurance coverage from the New York Jockey Injury Compensation Fund will only be temporary.

  • NY Bill Could End Exercise Riders' Insurance

    Legislation would end workers' compensation insurance for exercise riders, but retain coverage for jockeys and apprentice jockeys. If passed, owners or trainers would have to pick up the cost for insuring exercise riders.

  • New York VLT Revenue Declines in Fiscal Year

    Their financial performances were no secret during the year, but now the final numbers for fiscal 2014 are in and, for the first time, New York racetrack-based casinos showed their first year-to-year dip in net revenue.

  • Oneida Tribe Opposes NY Casino Proposal

    Groups seeking to block a Finger Lakes-area casino in upstate New York have been formally joined by a politically powerful and financially deep-pocketed ally: the Oneida Indian Nation.

  • New York Senator Questions Spending on Racing

    A measure giving flexibility to the financial operations of the New York State Thoroughbred Breeding and Development Fund passed by a comfortable margin in the state Senate, as it has every year since 2010.

  • Finger Lakes Gaming & Racetrack

    Bill Would Protect Purses at Finger Lakes

    Legislation has been introduced in both houses of the New York legislature to require the owners of a future commercial casino to make whole any losses suffered by horsemen and breeders at nearby Finger Lakes.

  • Finger Lakes Gaming & Racetrack

    Finger Lakes Sues Over Proposed Casino

    The owner of Finger Lakes Gaming & Racetrack in upstate New York is asking a state judge to halt the awarding of a license for a new commercial casino located just 25 miles away from the 1960s-era racetrack.

  • Saratoga Study Touts Impact of VLT Revenue

    Video lottery terminals at Aqueduct Racetrack have helped push up prices of New York-bred yearlings and increased the state's foal crop in what economic development officials say has been a far-reaching impact.