Keyword: Capital Play

  • Aqueduct Casino Project Finally Approved

    New York state officials finally gave Delaware North approval to build and operate a video lottery casino at Aqueduct. The racetrack will house New York City's only legal casino, which could generate tens of millions for purses and breeders' awards.

  • NYRA Granted Another Temporary Extension

    The New York Racing Association has been granted another temporary extension to continue operating during most of the Saratoga meet while it negotiates a final deal with the state for a 25-year franchise.

  • New York: Clock Ticks, Talks Rage

    With closed-door talks failing to produce a deal on a new Thoroughbred franchise in New York, state officials have begun discussing getting the framework of a deal in place before a Dec. 31 deadline with passage of an agreement by the legislature in early January.

  • Magna, Churchill Withdraw From Empire Racing

    A consortium of major horse industry companies vying for the Thoroughbred franchise in new York began falling apart Oct. 10, as Magna Entertainment and Churchill Downs announced their withdrawal from Empire Racing Associates.

  • New York Gov. Eliot Spitzer

    Spitzer Recommendation May Not Come Sept. 4

    In an Aug. 25 news conference at Saratoga Race Course, New York Gov. Eliot Spitzer said he may not meet the Sept. 4 deadline to make a recommendation as to which organization should receive the franchise to run racing at the Aqueduct, Belmont, and Saratoga racetracks.

  • Capital Play CEO: Saratoga is Crown Jewel of New York Racing

    In an Aug. 23 presentation at the Saratoga Hotel and Conference Center in Saratoga Springs, N.Y., Capital Play CEO Karl O'Farrell called Saratoga Race Course the "crown jewel of New York racing" and pledged his company's commitment to maintaining the historical significance of the track should Capital Play gain the governor's recommendation for the 20-year franchise to operate Belmont, Aqueduct, and Saratoga race courses.

  • New York Gov. Eliot Spitzer, has asked racing franchise bidders to re-submit proposals.

    Spitzer Asks Racing Franchise Contenders to Re-Submit Bids

    New York Gov. Eliot Spitzer is asking the four entities vying for the state's Thoroughbred franchise to re-submit their bidding packages to reflect changes made in their structure and plans over the past year. He also opened the door for any of the existing bidders to join forces in a joint venture deal.

  • New York state Inspector General Kristine Hamann

    'Integrity' Report Released; Rebate Shops a Concern

    A report by the New York Office of Inspector General to Gov. Eliot Spitzer lists four "general areas of concern" among the four entities seeking the franchise to operate Aqueduct, Belmont Park, and Saratoga, including relationships with rebate shops and bookmakers who take bets on racing from the United States.

  • Plan Floated Linking NYRA, Excelsior

    The Spitzer administration has floated a plan to link the New York Racing Association with Excelsior Racing Associates to run racing and casino operations at Aqueduct, Belmont and Saratoga racetracks.

  • State Officials Tell Bid Groups NYRA Should Run Tracks

    New York state officials told three Thoroughbred franchise bidding groups they want to let the New York Racing Association continue running the state's major racetracks and begin a new bidding process for rights to operate casinos at Aqueduct and Belmont Park.

  • Funds Would Go to Drug-Testing, Community Programs

    Capital Play, one of four bidders for the New York Thoroughbred racing franchise, said June 7 it would funnel $45 million to equine and community programs over a 20-year period should it win the right to operate Aqueduct, Belmont Park, and Saratoga.

  • Cauthen Joins Capital Play in Franchise Bid

    Former jockey and Hall of Fame member Steve Cauthen, who became the youngest rider to win the Triple Crown when he rode Affirmed to sweep the three classic races as an 18-year-old in 1978, has joined the team of Capital Play, one of four bidders engaged in competition for the franchise rights to Aqueduct, Belmont Park, and Saratoga in New York.

  • Swindal Leaves Excelsior as N.Y. Franchise Bids Aired

    Steve Swindal, the New York Yankees executive embroiled in divorce proceedings with the daughter of George Steinbrenner, has dropped out of Excelsior Racing Associates, one of four groups vying to win the New York Thoroughbred franchise whose proposals were made public April 5.