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Resignation's Impact on NYRA Unclear

Resignation's Impact on NYRA Unclear

With the March 12 announcement of the resignation of New York Gov. Eliot Spitzer effective March 17, officials at the New York Racing Association said they don't anticipate his resignation would affect recent legislation that grants NYRA a new franchise. It could, however, impact other aspects of the franchise moving forward.

New Yorkers React to NYRA Decision

New Yorkers React to NYRA Decision

Relief, tempered with caution about the future, was the word among some of New York's owners and breeders the day after it was announced that the New York Racing Association struck a deal with the state to operate racing at Aqueduct, Belmont Park, and Saratoga for the next 25 years.

Bruno: 'Scare Tactics' Must End

Bruno: 'Scare Tactics' Must End

While unveiling what he called the framework of a Thoroughbred franchise agreement, Senate Majority Leader Joseph Bruno blasted the New York Racing Association Feb. 7 for attempting to scare its workers and horsemen by threatening a shutdown Feb. 14.

NYRA Deal Said to Be Within Reach

NYRA Deal Said to Be Within Reach

A tentative deal is within reach to give the New York Racing Association a 25-year franchise to run Aqueduct, Belmont Park, and Saratoga, legislative sources said Feb. 6, the same day NYRA indicated live racing at Aqueduct could end Feb. 14.

NYRA Trustee Resigns, Blasts Bruno

NYRA Trustee Resigns, Blasts Bruno

Charles Wait, president of the Adirondack Trust Company in Saratoga Springs, N.Y., has resigned from his position on the New York Racing Association's board of trustees, citing his dissatisfaction with the position of Senate Majority Leader Joseph Bruno as the main reason for his decision.

Will NYRA Take Temporary Extension?

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Will NYRA Take Temporary Extension?

With another deadline looming that could shut down racing at Aqueduct Feb. 14, rumors are circulating among horsemen that the New York Racing Association might not be willing to accept another temporary extension to keep racing going.

New York THA Wants Issues Addressed

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New York THA Wants Issues Addressed

The New York Thoroughbred Horsemen's Association released a statement Jan. 10 urging the state to address issues of importance to the 6,000 members of its group as negotiations continue on the long-term extension of the New York Racing Association franchise.

New York Franchise a War of Words

New York Franchise a War of Words

The temporary extension given to the New York Racing Association to operate Aqueduct has allowed government officials to boost the rhetorical wars against each other over the failure to devise a long-term franchise deal.

New York Franchise Talks Lingering

Racing will continue to be run at Aqueduct on New Year's Day under an agreement reached Dec. 31, but government negotiators failed to resolve the permanent Thoroughbred franchise issue in New York.

NYRA to Continue Operating Aqueduct

NYRA to Continue Operating Aqueduct

Though state racing regulators failed to approve a temporary license for the New York Racing Association to continue racing in January while talks about a permanent franchise deal continue, NYRA struck a deal with the state to continue operating Aqueduct through Jan. 23.

NYRA Oversight Chair: No Guarantees

NYRA Oversight Chair: No Guarantees

The new head of a state government panel that will oversee Thoroughbred racing in New York Jan. 1, 2008, said he could not guarantee that horses will be running at Aqueduct in two weeks.

NYRA Oversight Panel Has New Chair

NYRA Oversight Panel Has New Chair

A state government panel in charge of overseeing the New York Racing Association's finances--and the racing franchise as of Jan. 1, 2008--has a new chairman at a critical moment in the franchise negotiations.

NYRA Offered Temporary Extension

NYRA Offered Temporary Extension

A state government panel Dec. 17 approved letting the New York Racing Association continue running racing on a temporary basis until officials can agree on a new franchise-holder for Aqueduct, Belmont Park, and Saratoga.

NYRA President Considers Benchmarks

NYRA President Considers Benchmarks

The New York Racing Association can agree to new performance benchmarks for its operations as part of a franchise extension deal, but state officials must be more flexible to take into account future changes in the racing industry that could affect those new standards, according to the president of NYRA.

New York: Clock Ticks, Talks Rage

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.

NYRA Creditors Can Vote on Plan

A federal bankruptcy court judge has paved the way for the New York Racing Association to emerge from Chapter 11 protection pending the outcome of a vote by creditors.

Franchise Delay Hangs Over Trainers

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Franchise Delay Hangs Over Trainers

Aqueduct's winterized inner track opens Nov. 28, but not without trepidation from horsemen concerning the future of New York Thoroughbred racing.

NYRA Outlines Finances in Documents

The New York Racing Association is proposing to keep 17.5 acres of land adjacent to Aqueduct after it gives up it land claims to the state of New York, according to amendments filed to its Chapter 11 bankruptcy reorganization.

IRS Claims NYRA Owes $1.6 Billion

IRS Claims NYRA Owes $1.6 Billion

The New York Racing Association can add the Internal Revenue Service to its list of obstacles, as the federal agency wants NYRA to pay it $1.6 billion to settle past tax bills.

Magna, Churchill Withdraw From Empire Racing

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.

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 Corp., Churchill Downs Inc., and Delaware North announced their withdrawal from Empire Racing Associates.

Spitzer Recommends NYRA Maintain Franchise

Spitzer Recommends NYRA Maintain Franchise

New York Gov. Eliot Spitzer has formally recommended the New York Racing Association continue to operate Aqueduct, Belmont Park, and Saratoga racetracks while a separate operator for future casino developments at Aqueduct and possibly Belmont would be tapped down the road.

N.Y. Legislators Set Meeting on Franchise

The New York Senate Committee on Racing, Gaming, and Wagering will hold a meeting Sept. 12 to review Gov. Eliot Spitzer's anticipated recommendation regarding the franchise to operate Aqueduct, Belmont Park, and Saratoga.

Spitzer Recommendation May Not Come Sept. 4

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.

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