New York's top fiscal watchdog said the New York Racing Association's portrayal of its financial improvements have been artificially inflated after an audit found the not-for-profit operation has run up deficits of $109 million on the racing side.
The New York Racing Association board of directors, at a meeting scheduled for May 25, will consider a resolution for election or re-election of its corporate officers.
The New York Racing Association March 24 credited multiple safety protocols implemented over the past several years for a catastrophic injury rate that has been lower than the average for all Equine Injury Database tracks.
The New York Racing Association is preparing to return to private control, board chairman Michael Del Giudice said at a meeting of the association's board of directors March 10 in New York City.
The New York Racing Association board of directors March 10 voted to support federal legislation that would grant USADA authority over equine medication and testing.
At the end of a year that saw record-breaking wagering and attendance, the board of directors of the New York Racing Association Dec. 9 celebrated success while at the same planning conservatively for the future.
NYRA president Christopher Kay, whose contract extension was announced Oct. 21, said the organization most likely will experience an increase in profit this year exclusive of revenue from video lottery terminals.
The head of the New York Racing Association said Aug. 23 the organization will attempt to create as many opportunities as possible for patrons to view American Pharoah, who has been confirmed for the Aug. 29 Travers.
Business so far at the Saratoga Race Course meet has been very strong, NYRA officials reported Aug. 12, but they also noted that operating revenue for the year is down compared with 2014.
The New York Racing Association announced Aug. 6 that attendance at Saratoga Race Course will be capped at 50,000 for the Aug. 29 blockbuster race card highlighted by the 146th Travers Stakes (gr. I).
The New York Racing Association will raise the total purse for the Travers Stakes (gr. I) to $1.6 million, contingent upon Triple Crown winner American Pharoah starting Aug. 29 at Saratoga Race Course.
Two days before the opening of a Saratoga meet that will see a number of changes, a near-capacity crowd at the National Museum of Racing and Hall of Fame had plenty of questions for NYRA president Chris Kay.
- By Blood-Horse Staff
- Thoroughbred Racing, Thoroughbred Breeding, International, Thoroughbred Sales, Horse Health, Northeast Region
More than 300 representatives from 27 countries will converge upon New York City for two days of business presentations focusing on the sport of Thoroughbred racing as part of the Pan American Conference.
The New York State Gaming Commission and New York Racing Association March 24 said they have established standing security protocols for horses racing in grade 1 races with purses of $1 million or more.
The board of the New York Racing Association Dec. 3 approved the racing corporation's 2015 budget, but not before a spirited debate by some board members over equine drug issues.
The New York Racing Association's projected $2.1 million surplus for 2015 will be driven by attempts to increase field size by possibly reducing the number of race dates and cutting expenses.
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.
The agenda for the Nov. 12 meeting of the board of the New York Racing Association was short and sweet: to discuss a re-privatization plan for the organization due next spring to the office of New York Gov. Andrew Cuomo.
- By Blood-Horse Staff
- Thoroughbred Racing, Handicapping, Breeders' Cup, Northeast Region, West Region, Kentucky
The Breeders' Cup announced that registration is now open for the sixth Breeders' Cup Betting Challenge, which will be held at Santa Anita Park Oct. 31-Nov 1.
A revamped racing program and enhancements to the customer experience were among the successes trumpeted by the NYRA board of directors Aug. 6, and in return president Christopher Kay received a bonus and a raise.
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.
The important summer meetings at Del Mar and Saratoga Race Course each registered improved numbers compared with their 2013 seasons. Total handle was up at Del Mar; Saratoga saw total handle improve and a spike in attendance.
TVG Network and the New York Racing Association announced July 15 a multi-year extension of their agreement for TVG to televise, stream, and accept wagers on live horse races from NYRA tracks.
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.
The New York Racing Association announced March 5 that it will invest $1.9 million at Saratoga Race Course as well as $5.9 million in similar improvements at Aqueduct Racetrack and $680,000 at Belmont Park.
The New York Racing Association, which has touted claims of transparency since it was taken over by the state, approved no items at its Feb. 26 board of directors meeting before quickly going into executive session.
2014 will be a year of experimentation at NYRA. read blog
NYRA president and chief executive officer Christopher Kay outlined some of the plans the organization has for 2014 and provided an update on what has happened so far this year during a Dec. 10 keynote address in Arizona.
The New York Racing Association is finalizing a "fresh look" budget for 2014 that will hike fees imposed on simulcast partners and raise prices for racetrack admission and parking while cutting a number of expenses.
Martin Panza, longtime racing executive at Betfair Hollywood Park, is moving to the New York Racing Association, according to reports, although officials have not confirmed the hire.
A day after two horses broke down in the same race on the turf at Saratoga Race Course the issue dominated a scheduled New York Racing Association Equine Safety Committee.
In an emotional ceremony in the winner's circle at Saratoga Race Course Aug. 25, retired jockey Ramon Dominguez was presented with the Mike Venezia Award and the 2012 Eclipse Award trophy he was unable to accept last January.
With weather forecasters calling for temperatures in the low to mid 90s July 19 in Saratoga Springs, New York Racing Association officials are taking additional precautions.
After meeting with the media earlier in the day July 17, New York Racing Association president and chief executive officer Chris Kay made his first public appearance at the annual Saratoga Race Course meet preview.
Tapping Christopher Kay looks like a wise move. read blog
Christopher Kay was named president and CEO of the New York Racing Association following unanimous approval by its board of directors at a meeting June 18. The appointment is effective July 1.
The New York Racing Association is trying to quickly call a board meeting for the week of June 17 to approve a new chief executive officer to run the three-track racing franchise now overseen by the state of New York.
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