A state financial oversight panel has declined to act on a request from the state-controlled New York Racing Association to raise its discretionary spending limits.
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.
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.
A major construction and rehabilitation effort at the historic Saratoga Race Course took another baby step toward what New York Racing Association officials hope will be eventual final state approval.
The New York Racing Association board of directors met June 10, partly in closed session, but said afterward no decision had been made on selecting a chief executive officer to lead the organization.
- By Tracy Gantz
A New York regulatory panel has approved a new 10-year tote contract between the New York Racing Association and AmTote International. NYRA had been aligned with Churchill Downs Inc.'s United Tote.
A move to name a new tote operator at the New York Racing Association was put off until at least the end of next summer's Saratoga meet, a state government oversight panel decided in Albany Nov. 26.
Just weeks before the Cuomo administration takes over the New York Racing Association, state officials are moving to sell what they say are two underused parcels of land at Belmont Park.
Just days after being praised by state officials for their fiscal openness, officials with the New York Racing Association were enduring a new round of criticism after revelations it had overcharged bettors on exotic wagers.
The New York Racing Association, which has a long tradition of clashing with state government officials, faces a new review of its books by the state's chief fiscal watchdog.
The head of the New York Racing Association said he made "a mistake" by not sharing details about management pay hikes with state oversight officials, but he defended the fiscal health of the association.
A day after citing concerns about a lack of fiscal transparency, a New York state panel has called for an investigation of the New York Racing Association.
State regulators in New York have begun the process of creating advisory boards to wrestle with issues in the communities surrounding the New York Racing Association's racetracks.
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