State provides some money to offset insurance cost for owners and trainers, but horsemen say the measure is only a stop-gap.
The head of the horsemen's group at Finger Lakes Gaming & Racetrack is predicting the end of racing at the upstate Thoroughbred track, after a new state government budget deal failed to protect purse levels.
Racing and gambling matters are still in play in New York as the governor and lawmakers try in the coming week to put the finishing touches on a new state budget.
The New York State Senate budget resolution for fiscal 2016-17 includes a few recommendations for protecting revenue for the horse racing industry given impending competition from full-scale casinos.
Regulators have approved a new rule that makes it simpler for the New York State Gaming Commission to impose upon Thoroughbred owners and trainers an insurance program to provide workers' compensation coverage.
A New York Native American tribe has filed a lawsuit to block a recently approved casino that has everyone from upstate casinos to racetracks worried about losing business to the new gambling resort under construction.
Gov. Andrew Cuomo's proposed budget would also increase the takeout to cover regulatory costs and could divert VLT money from purses to equine health initiatives.
A deal has been reached between regulators and New York Thoroughbred industry interests for payments to a fund that provides workers' compensation payments for injured jockeys, apprentice jockeys, and exercise riders.
Officials at Finger Lakes in upstate New York said the facility risks closure as early as 2017 unless the state takes action to protect its finances in the wake of approval Dec. 21 of a full-blown casino about 25 miles away.
In an apparent move to pressure state officials to at least lower its mandated tax rate, Finger Lakes Gaming & Racetrack said Dec. 18 that it wants to cut the number of Thoroughbred race dates in 2016 by nearly 20%.
New York's top fiscal watchdog said payments to racetracks, competition from advance deposit wagering entities, and sharply rising simulcast fees are contributing to increasingly perilous finances at five OTB corporations.
Trainer Ralph D'Alessandro was represented by his 1,000th winner when Promise Me Forever won the eighth race Aug. 4 at Finger Lakes Gaming & Racetrack.
Fasig-Tipton Kentucky saved the best for last at its July horses of racing age session, when the last horse through the ring, Temper Mint Patty, brought the session's top price of $350,000.
The National Thoroughbred Racing Association announced May 1 that Finger Lakes Gaming & Racetrack has earned re-accreditation from the NTRA Safety and Integrity Alliance.
Their financial performances were no secret during the year, but now the final numbers for fiscal 2014 are in and, for the first time, New York racetrack-based casinos showed their first year-to-year dip in net revenue.
Groups seeking to block a Finger Lakes-area casino in upstate New York have been formally joined by a politically powerful and financially deep-pocketed ally: the Oneida Indian Nation.
New York lawmakers have given final approval to an expansion of video lottery terminal games at six of the state's nine racetrack-based casinos.
New York regulators March 23 said they want to hold a forum to consider the future use of anti-bleeding medication furosemide in the state.
Legislation has been introduced in both houses of the New York legislature to require the owners of a future commercial casino to make whole any losses suffered by horsemen and breeders at nearby Finger Lakes.
The owner of Finger Lakes Gaming & Racetrack in upstate New York is asking a state judge to halt the awarding of a license for a new commercial casino located just 25 miles away from the 1960s-era racetrack.
As the North American Thoroughbred industry continues its quest to lower the catastrophic breakdown rate, it is actively pushing the need to identify at-risk racehorses, even if the effort makes stakeholders uncomfortable.
The New York Thoroughbred Breeders Inc. has announced enhancements and purse increases for New York-bred stakes races to be run at the three New York Racing Association racetracks and at Finger Lakes Gaming & Racetrack.
Finger Lakes Casino & Racetrack in upstate New York has eliminated nine stakes this year because of reductions in purse supplements from the New York Thoroughbred Breeding and Development Fund.
Officials and horsemen at Finger Lakes Gaming & Racetrack are livid over a 12% purse cut they say was necessitated by the ongoing financial difficulties of New York City Off-Track Betting Corp.
Finger Lakes Gaming & Racetrack Oct. 4 will hold the first Charity Cup, which will award various charities money depending on the outcome of six races at the upstate New York racetrack.
Tin Cup Chalice has a shot at the $250,000 OTB Big Apple Triple bonus in the Aug. 20 Albany Stakes at Saratoga. No horse has won the bonus, which was instituted in 1999.
Phyllis Shetron, an advocate for the backstretch worker, a founding member of the Finger Lakes Thoroughbred Adoption Program, and a trainer, is the 2007 winner of the Dogwood Dominion Award.
Sackatoga Stable's Funny Cide, winner of the 2003 Kentucky Derby (gr. I) and Preakness Stakes (gr. I), figures to draw a large holiday crowd to Finger Lakes Gaming & Racetrack July 4 when he competes in the $100,000 Wadsworth Memorial Handicap at the upstate New York track.
Finger Lakes Gaming & Racetrack will become what it is believed to be the first racetrack with a standalone racehorse adoption facility on its grounds.
Finger Lakes Gaming & Racetrack will kick off its 161-day meet April 15 with a stakes schedule and overnight purses comparable with those of last year.
- By Tom Precious
The New York Assembly has rejected proposals by Gov. George Pataki to create an oversight board to monitor the New York Racing Association, form a super-agency to oversee all aspects of gambling, and create eight additional video lottery terminal casinos.
- By Tom LaMarra
Total Thoroughbred purses increased 3.42%--mostly from a limited number of sources--in 2004, while total handle on Thoroughbred races run in the United States declined less than 1%, according to a year-end "Thoroughbred Racing Economic Indicators" report released Jan. 12.
Patrons waited more than two hours to enter Finger Lakes Gaming & Racetrack Feb. 18 for the opening of the track's video lottery terminal parlor. The scene was reminiscent of one that played out a few weeks earlier when Saratoga Gaming and Raceway became New York's first operating racino.
- By Tom Precious
Finger Lakes in upstate New York will open its video lottery terminal parlor Feb. 18 to become the second racino to begin operation in the past month under a 2001 state law.
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