Tom Precious

  • Off Track Betting

    Suffolk OTB Files for Bankruptcy Protection

    Three months after the closure of the state's largest off-track betting corporation, Suffolk Regional OTB has now gone through with its threat to seek Chapter 9 bankruptcy reorganization protection.

  • New York City OTB

    NY Assembly Approves Lower Purse Surcharge

    The state Senate in New York has approved a measure to pick a new private company to run the closed New York City Off-Track Betting Corp., while the Assembly has backed a bill lowering a surcharge imposed on purses.

  • NYSRWB To Tighten Alcohol Policy

    New York state regulators are poised to crack down on jockeys, trainers, and others with racing licenses who test positive for alcohol while at New York racetracks.

  • Richard Dutrow

    Dutrow Suspended 90 Days for Two Infractions

    New York stewards have suspended trainer Richard Dutrow Jr. for 90 days for a positive drug sample in a winning horse from a race at Aqueduct last fall and for possession of hypodermic needles in his barn.

  • Aqueduct Racetrack

    NYRA Attendance, On-Track Handle Increase

    The New York Racing Association got a bump -- for one month, anyway -- in attendance and on-track handle to make up for some of the losses of the closing of the New York City Off-Track Betting Corp.

  • NY Lawmaker Criticizes Indian Casino Compact

    New York State will lose money and the racing industry severely dented if the go-ahead is given to a Wisconsin Indian tribe to build a casino in the Catskills resort region, a top Democratic lawmaker said Feb. 2.

  • NY Horsemen to Receive $4.4 Million in Awards

    Breeders and owners in New York, shortchanged the past couple years, in part, because of the bankruptcy of New York City Off-Track Betting Corp., are in line to get $4.4 million in purse awards due them in 2009 and 2010.

  • Judge Dismisses NYCOTB Bankruptcy Case

    A federal bankruptcy judge Jan. 25 dismissed the shuttered New York City Off-Track Betting Corp.'s Chapter 9 bankruptcy case, rejecting a motion by a union representing more than 1,000 fired workers.

  • NY Racinos Want Indian Casino Deal Scuttled

    The major racino operators in New York are urging the state's new governor and legislative leaders to scuttle a deal made by former Gov. David Paterson with a Wisconsin tribe for a full-fledged casino in the Catskills area.

  • New York Racing Association President Charles Hayward

    New Push For New York Off-Track Betting

    Seeking to make long-stalled legislative gains in the aftermath of the New York City Off-Track Betting Corp.'s shutdown, a number of racing interests are stepping up efforts to create a single, statewide OTB network.

  • NYCOTB Prospects Grow Dimmer

    New York City Off-Track Betting Corp. is just days away from 'a point of no return,' as officials watch bettors withdraw their final ADW funds and the OTB prepares to make a last revenue-sharing payoff to racetracks.

  • NYRA Defends Raises; Others Question Timing

    The New York Racing Association board of directors awarded raises to several hundred non-union employees -- a day after threatening bankruptcy if a controversial bill involving New York City Off-Track Betting Corp.

  • NYRA president Charles Hayward

    NYRA Taking Steps to Stop the Bleeding

    NYRA is hoping for a deal as early as next week to get the defunct New York City Off-Track Betting Corp.'s television channel turned back on and is working with state officials to get permission to offer live video streaming.

  • Bettors Rapidly Closing NYCOTB Accounts

    Despite a furious push into the night Dec. 9 by unions to get the state Senate back to Albany to try another vote, the New York City Off-Track Betting Corp. remains closed with bettors fleeing its ADW accounts by the hour.

  • New York State Racing and Wagering Board chairman John Sabini

    NYSRWB Takes Action in Wake of OTB Shutdown

    The New York State Racing and Wagering Board pushed through new emergency rules to make it easier and quicker for NYCOTB bettors to sign up with internet and phone wagering platforms at the state's other OTBs.

  • Battle Between NYRA, OTBs Resurfaces

    With the future of the New York City Off Track Betting Corp. up in the air, the New York Senate returned to the Capitol to find itself in the middle of a long-standing battle between tracks and OTB corporations.

  • Off Track Betting

    Closing of New York City OTB Delayed

    The New York City Off-Track Betting Corp., facing a shutdown later in the day, was given a four-day reprieve Dec. 3 when the state Senate is due back to consider passage of a bankruptcy reorganization plan

  • New York City OTB

    NYCOTB Could Be Reprieved by Senate

    The New York City Off-Track Betting Corp. could get a last-minute reprieve from its threatened shut-down Dec. 3, following a promise by the New York state Senate to take up a reorganization bill for the state-owned entity.

  • Off Track Betting

    Shut-Down Approved for NYCOTB

    The New York City Off-Track Betting Corp. board of directors Dec. 1 approved a resolution to shut down the betting giant, affecting 1,000 workers and leaving an uncertain future.

  • New York City OTB

    NYCOTB Could Close Dec. 3

    If New York senators don't approve a reorganization plan, the country's largest off-track betting operation will run out of money. Closing NYCOTB will mean 1,034 people will lose jobs.

  • New York City OTB

    NY Senate Walks; NYCOTB May Shut Down

    State legislators failed to pass a plan Nov. 29 to reorganize the New York City Off-Track Betting Corp. The Assembly could pass the measure but state senators have left town. NYCOTB is expected to issue pink slips.

  • New York OTB

    NY Officials Threaten to Close OTBs

    State officials threatened to close the New York City Off-Track Betting Corp. as early as next month, creating "chaos" and costing the racing industry thousands of jobs.

  • NY Horsemen Oppose Plans for Indian Casino

    New York's largest horsemen's group is among the latest calling on the Paterson administration to halt a looming agreement with a Wisconsin Indian tribe to build a casino in the Catskill Mountains.

  • Additional NY Casino Under Negotiation

    Just weeks after breaking ground on a new casino at Aqueduct racetrack, Gov. David Paterson is hoping to forge an agreement for a competing, Native American-owned casino 100 miles away in the Catskills region.

  • Report Critical of Aqueduct Casino Process

    Details of competitors' bids were leaked, timely campaign contributions flowed and key expert advice was ignored when New York officials earlier this year tapped Aqueduct Entertainment Group to run the casino at Aqueduct.

  • Tentative ADW Deal Reached in New York

    A tentative deal has been reached to let the New York Racing Association and other tracks take over the advanced deposit wagering system now run by the giant New York City Off-Track Betting Corp.

  • New York OTB

    Battle Lines Drawn in NYCOTB Reorganization

    Officials said they are close to a deal to try to bring New York City Off-Track Betting Corp. out of bankruptcy protection, but that a final agreement is being blocked by several harness tracks in the state.

  • Aqueduct Race Track

    Aqueduct Casino Work to Begin Soon

    Genting New York officials, after turning over $380 million in licensing fee payments to the state, said they are prepared to quickly start construction on the Aqueduct casino project.

  • Aqueduct Race Track

    Check Ceremony for Aqueduct Casino Planned

    It is the photo opportunity the state of New York and the racing industry has been awaiting: a $380 million check presented by the company selected to run the much-delayed Aqueduct casino project.

  • Aqueduct Race Track

    Aqueduct VLT Contract Gets Comptroller's OK

    Nine years after first being approved, the last major hurdle for the Aqueduct video lottery terminal casino project was cleared Sept. 13 when the state's chief fiscal watchdog gave his approval for the project.

  • New York Gov. David Paterson

    Paterson, Legislators Sign Aqueduct VLT Pact

    It has taken three governors four different tries, but Gov. David Paterson and legislative leaders made it official Aug. 17: Genting New York will be the operator of the Aqueduct video lottery terminal casino.

  • Judge Rejects Aqueduct Casino Bid Challenge

    A legal challenge to stop the current Aqueduct casino bidding process and award the contract to a previous bidder was tossed out by a New York state judge July 29, said state officials who were in the courtroom.