Tom Precious

Legality of NY Racino Games Questioned

Having failed to get a law approved permitting racetrack casinos to offer electronic table games, New York Gov. David Paterson's Lottery Division is moving ahead with plans for the new gambling devices at the state's eight racetrack-based casinos. But a lawyer who has sued the state over past gambling expansions said the Paterson administration may be playing with legal fire.

NY Panel to OTBs: Hold Off on Long-Term Deals

A New York government panel studying whether to alter the current structure of the state's off-track betting system has asked the OTBs to hold off on signing any long-term deals, a move that suggests the panel could have sweeping changes in mind.

Seven Bids Submitted For Aqueduct Casino

Seven Bids Submitted For Aqueduct Casino

Trying one more time, the state of New York accepted seven new bids - from major casino operators to real estate and racing interests -- to develop a casino at Aqueduct racetrack, an authority first approved for the facility back in 2001.

Suit Filed Over Aqueduct Casino Bid

Suit Filed Over Aqueduct Casino Bid

The long and twisting turns of efforts to develop a casino at Aqueduct racetrack has gone to a new venue: state court. SL Green Realty Corp., a Manhattan real estate company, has sued Buffalo-based Delaware North for breach of contract and other causes with allegations that include taking confidential information it obtained from SL Green for use in its bid for the casino.

NY Officials Scramble for Aqueduct Bids

As state officials in New York scrambled to re-group following the collapse of the Delaware North plan to build a casino at Aqueduct racetrack, at least one of the former bidding groups said it would be interested in making a new bid on the long-stalled project.

Badgett Appealing TCO2 Positive

Badgett Appealing TCO2 Positive

Thoroughbred trainer William Badgett Jr. is facing a 60-day suspension and $1,000 fine by New York regulators after a one of his horses showed excessive levels of TCO2.

Issues Delaying VLT Casino at Aqueduct

Issues Delaying VLT Casino at Aqueduct

The company selected to operate video lottery terminals at Aqueduct said there are a host of unresolved issues, including restructuring its financing deal, before it can close on a final agreement with the state of New York to begin construction on the long-delayed facility.

NYRA Projects Surplus; Budget Deferred

NYRA Projects Surplus; Budget Deferred

The New York Racing Association is projecting a surplus next year, its first since 2000, despite an estimated drop in handle at its three racetracks brought on by the economic downturn. But regulators Dec. 22 were unconvinced about some of the optimistic forecasts, and deferred approving NYRA's 2009 budget.

New York Bans Racehorse Steroids

New York is joining other states in cracking down on steroid use in horse racing, state regulators announced Oct. 14.

"For the sake of the betting public, we want to do everything in our power to ensure that racing runs on a level playing field," said John Sabini, chairman of the New York State Racing and Wagering Board, in a statement. "By imposi...

NYRA Gets 25-Year Extension

NYRA Gets 25-Year Extension

The New York Racing Association, created more than 50 years ago to bolster the Thoroughbred industry, took on a new life Sept. 12 with the formal approval by the state of a new 25-year franchise to exclusively operate Aqueduct, Belmont, and Saratoga racetracks.

Bill Would Clear Way for NYRA Bankruptcy

Bill Would Clear Way for NYRA Bankruptcy

The bill is fairly minor in nature, enacting a series of mostly technical amendments to a law approved earlier this year giving NYRA a 25-year extension to run Aqueduct, Belmont Park, and Saratoga. But NYRA officials have said they could not resolve its bankruptcy proceeding without it.

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