Keyword: David Paterson

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • New York Lawmakers Approve NYRA Loan

    New York State lawmakers on May 24 approved a $25 million loan for the New York Racing Association, keeping the racetrack operator solvent for at least the rest of the year and avoiding a shutdown of its operations.

  • NYCOTB to Close Down April 11

    Officials in New York have failed to agree on a bailout plan for the New York City Off-Track Betting Corp., which issued layoff notices Friday to its 1,300 workers as it prepares to close down April 11.

  • AEG Out as Casino Operator at Aqueduct

    New York officials have scuttled the deal with Aqueduct Entertainment Group to develop a sprawling casino at Aqueduct racetrack, leaving an uncertain future over when the project will ever take shape.

  • Documents in Aqueduct VLT Contract Released

    Under scrutiny for his decision granting a contract to Aqueduct Entertainment Group to operate video lottery gaming at Aqueduct race track, New York Gov. David Paterson on Feb. 16 released documents related to the contract.

  • NYRA: Toss Out NYCOTB Bankruptcy Petition

    The recent bankruptcy petition by the New York City Off-Track Betting Corp. should be tossed out of federal court, the New York Racing Association argues in a lengthy legal brief filed Jan. 4 in Manhattan.

  • New York Gov. David Paterson

    Paterson: Aqueduct VLT Operator Decision Near

    Frustrated by the delay in picking an Aqueduct casino operator, New York Gov. David Paterson said he is moving to publicly name his choice in hopes of putting pressure on legislative leaders to make a decision.

  • NY Officials Discuss Aqueduct Casino Operator

    Top state officials in New York are still discussing options for an operator of the long-delayed Aqueduct racetrack casino, but negotiators appear split on whether a final announcement needs to be a part of talks now underway to resolve the state's deficit.

  • Aqueduct Casino Said Down to Final Three

    Negotiations for an Aqueduct casino operator have stepped up again, with a new flurry of talks between Gov. David Paterson and legislative leaders occurring in advance of a return by the state legislature the week of Nov. 16 to deal with New York's soaring deficit.

  • Paterson Authorizes NYCOTB Reorganization

    New York Gov. David A. Paterson on Sept. 1 signed Executive Order No. 27, authorizing the New York City Off-Track Betting Corporation (NYCOTB) to file a petition for reorganization under Chapter 9 of the federal bankruptcy code. The governor issued the order after it was determined that NYCOTB requires major restructuring to regain solvency. Paterson has directed the NYCOTB board of directors, led by Chairman Meyer "Sandy" Frucher, to provide the governor's office with a restructuring plan within two months, which likely will include a Chapter 9 filing for NYCOTB.

  • Hard Rock Adds Johnson to New York VLT Bid

    Hard Rock International has added a potent new force - an entity run by billionaire Robert L. Johnson - to its team to try to win the exclusive rights to develop the long-stalled casino at Aqueduct racetrack.

  • MGM Mirage Back in Big A Casino Hunt

    MGM Mirage is back in the hunt to develop New York City's only legal casino with word emerging May 14 that it has joined forces with two other entities trying to win the bid for a sprawling new gambling facility at Aqueduct Racetrack.

  • Governor Open to Options to Save OTB

    New York Gov. David Paterson said all options â€" including a takeover by the state or the New York Racing Association -are on the table if a deal is not struck by this weekend (June 14-15) to keep open the New York City Off-Track Betting Corp.

  • Negotiations Begin Concerning NYCOTB

    Preliminary negotiations have begun at the state Capitol in Albany to address New York Mayor Michael Bloomberg's threat to shut down the New York City Off-Track Betting Corp. in June.