Tom Precious

  • 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.

  • Finger Lakes

    Casino Would Negatively Impact Finger Lakes

    The head of the horsemen's group at New York's Finger Lakes racetrack said the facility could be forced to close in the coming years unless state officials take action to protect it from a new commercial casino.

  • New York Panel Announces Winning Casino Bids

    New York state, in its greatest expansion of gambling, has selected three winning bidders to operate full commercial casinos in separate areas of the state but rejected proposals by Genting Americas and Churchill Downs, Inc.

  • Dr. David Skorton

    NYRA Chairman Skorton Stepping Down

    New York Racing Association chairman Dr. David Skorton announced Dec. 3 he is stepping down from the post to spend more time getting ready for his new job as head of the Smithsonian Institution.

  • Aqueduct Racetrack

    Plan Would Cut Six Aqueduct Race Dates

    The New York Racing Association board of directors will be asked Dec. 3 to approve a 2015 budget that cuts the number of racing days at Aqueduct Racetrack by a total of six days during the track's winter and fall meets.

  • New York to Act on New Medication Rules

    New York regulators are ready to consider final revisions to rules specifying allowable testing threshold levels for two dozen medications used to treat Thoroughbreds in advance of races.

  • Winter Racing Focus of New York Hearing

    Those who took the New York Assembly Racing Committee up on an offer to speak Nov. 18 had little to say about NYRA's future governance. Instead, winter racing at Aqueduct, and health and safety issues, were the focus.

  • Assembly Racing Committee chairman Gary Pretlow

    Lawmaker Expresses Concerns Over NYRA Plan

    The New York Racing Association may be on a fast track to devise a plan removing it from state government control, but at least one veteran state lawmaker is in no rush to see the racing operator in charge of its destiny.

  • NYRA Board to Discuss Future of Franchise

    The leaders of the New York Racing Association will start outlining a path for the racing giant's future at a board meeting Nov. 12, and it could be a precursor to talks at the state Capitol next year.

  • Oversight Board Reviews NYRA Finances

    California Chrome may have lost the Belmont Stakes (gr. I), but the potential for a Triple Crown winner helped to drive up the New York Racing Association's overall pari-mutuel handle in the first half of 2014.

  • NYRA President Christopher Kay

    NYRA to Study Belmont, Aqueduct Development

    The head of the New York Racing Association is suggesting the racing giant might not be able keep open both its downstate Thoroughbred tracks when it morphs back into some form of private control in the fall of 2015.

  • NY Tracks Awarded Extended VLT Hours

    New York racetrack gaming facilities, most of which have been facing slumping financial numbers this year, will be able to stay open later into the early morning and be authorized to offer more free play.

  • Assemblyman Gary Pretlow, chairman of the Assembly Racing Committee

    NY Legislature Extends 2% Share for Horsemen

    First passed as a temporary surcharge in 2007, legislation has been signed into law again authorizing the New York Thoroughbred Horsemen's Association to receive 2% of purse proceeds at New York Racing Association tracks.

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    Fan Group Critical of Belmont Day Experience

    A state-created fan advisory group has blasted NYRA for operations June 7 for Belmont Stakes (gr. I) day, saying problems that hit everything from parking lot to betting lines to lack of security hurt fan development.

  • Genting Group Reveals Plans for NY Casino

    The Genting Group has revealed its plans for a full-blown casino in New York, and as expected, it joins a growing list of would-be casino operators who want to come as close to New York City as legally possible.