Keyword: gov. david paterson

  • Bettors Rapidly Closing NYCOTB Accounts

    Despite a furious push into the night Dec. 9 by unions to get the state Senate back to Albany to try another vote, the New York City Off-Track Betting Corp. remains closed with bettors fleeing its ADW accounts by the hour.

  • Off Track Betting

    Closing of New York City OTB Delayed

    The New York City Off-Track Betting Corp., facing a shutdown later in the day, was given a four-day reprieve Dec. 3 when the state Senate is due back to consider passage of a bankruptcy reorganization plan

  • New York City OTB

    NYCOTB Could Be Reprieved by Senate

    The New York City Off-Track Betting Corp. could get a last-minute reprieve from its threatened shut-down Dec. 3, following a promise by the New York state Senate to take up a reorganization bill for the state-owned entity.

  • New York City OTB

    NY Senate Walks; NYCOTB May Shut Down

    State legislators failed to pass a plan Nov. 29 to reorganize the New York City Off-Track Betting Corp. The Assembly could pass the measure but state senators have left town. NYCOTB is expected to issue pink slips.

  • New York OTB

    NY Officials Threaten to Close OTBs

    State officials threatened to close the New York City Off-Track Betting Corp. as early as next month, creating "chaos" and costing the racing industry thousands of jobs.

  • NY Horsemen Oppose Plans for Indian Casino

    New York's largest horsemen's group is among the latest calling on the Paterson administration to halt a looming agreement with a Wisconsin Indian tribe to build a casino in the Catskill Mountains.

  • New York Gov. David Paterson

    Paterson, Legislators Sign Aqueduct VLT Pact

    It has taken three governors four different tries, but Gov. David Paterson and legislative leaders made it official Aug. 17: Genting New York will be the operator of the Aqueduct video lottery terminal casino.

  • NYRA Seeks State Loan; NYOTB Cuts Staff

    NYRA may get a $17 million loan to help its cash crunch. Meanwhile, New York Off-Track Betting on April 23 cut 35 employees from his staff as it works through bankruptcy reorganization.

  • NY Lawmakers Want Urgency in Casino Decision

    State lawmakers March 10 urged Gov. David Paterson, who is considering pulling the plug on Aqueduct Entertainment Group's casino deal at Aqueduct, to pick from one of the remaining bidders if the AEG contract is scuttled.

  • New York Gov. David Paterson

    Is Aqueduct VLT Deal in Jeopardy Again?

    In a major sign the Aqueduct video lottery terminal project could be in jeopardy, Gov. David Paterson is no longer counting on the winning bidder to supply the cash-starved state with $300 million by March 31.

  • Belmont Park

    NYRA to Hold Belmont, But Money Will Run Out

    NYRA president Charles Hayward said the state needs to choose a casino operator for Aqueduct or the association will run out of money in June, which puts the Belmont Stakes (gr. I) at risk. As of now, the race will be run.

  • All Five Aqueduct Bidders Meet Deadline

    All five remaining bidders for the Aqueduct gaming project said they have met a Nov. 6 deadline to guarantee a quick $200-million payment to the state of New York if they are chosen to develop the video lottery terminal casino at the Queens racetrack.

  • New York Gov. David Paterson

    NY Gov. Meets on Aqueduct Casino Project

    Gov. David Paterson and New York legislative leaders met behind closed doors Oct. 29 in Manhattan to try to resolve the selection of an operator for the long-stalled Aqueduct video lottery terminal casino project.

  • Slot Machine

    NY Horse Industry: Award VLT Project Now

    They tapped various talking points -- from higher purses and a beefed-up breeding industry to protecting green space and even family values -- but a group of Thoroughbred representatives have brought a singular message to state officials: Get the Aqueduct video lottery terminal casino off the ground.

  • Legality of NY Racino Games Questioned

    Having failed to get a law approved permitting racetrack casinos to offer electronic table games, New York Gov. David Paterson's Lottery Division is moving ahead with plans for the new gambling devices at the state's eight racetrack-based casinos. But a lawyer who has sued the state over past gambling expansions said the Paterson administration may be playing with legal fire.

  • Takeout Increase Blocked in New York

    New York Gov. David Paterson signed legislation March 13 to block a scheduled across-the-board takeout increase in out-of-state wagers placed at tracks and OTB parlors in the state.

  • Aqueduct video gaming legislation was approved eight years ago.

    NY Breeders: Expedite Aqueduct VLT Plan

    The New York Thoroughbred Breeders, disturbed by a delay in a plan for thousands of video lottery terminals at Aqueduct, called the situation "inexplicable" and said Gov. David Paterson should put the project on "war footing."

  • Issues Delaying VLT Casino at Aqueduct

    The company selected to operate video lottery terminals at Aqueduct said there are a host of unresolved issues, including restructuring its financing deal, before it can close on a final agreement with the state of New York to begin construction on the long-delayed facility.

  • Aqueduct VLTs to Finger Lakes Owner?

    New York Gov. David Paterson selected Delaware North to run a new, sprawling video lottery terminal casino at Aqueduct, sources at the state capital said Oct. 10. But the Senate balked at his choice.

  • NY Lawmakers Back Off Takeout on Bets

    State lawmakers in New York have backed off on a looming law raising the takeout on bets made on out-of-state Thoroughbred races, a move the industry said would have put the state at a competitive disadvantage with other states.

  • It's Official: State Takes Over NYCOTB

    New York officials announced the evening of June 15 a deal to avert the closure of New York City Off-Track Betting Corp. by having the state take over the entity. The move could be a prelude to a statewide consolidation of all OTB corporations.

  • NYCOTB Takeover Plan Appears Likely

    Negotiators in New York the afternoon of June 13 were putting the final touches on legislation in which the state would take control of the New York City Off-Track Betting Corp., thereby averting a shutdown of the city's betting operations for the weekend.

  • New Plan Has State Running NYCOTB

    Negotiators are eyeing a plan to have the state of New York take over the running of New York City Off-Track Betting Corp., which is threatening to shut down this weekend unless a revenue sharing structure is changed.

  • Mixed Signals on NYRA Franchise Deal

    New York Gov. David Paterson sent mixed signals about reopening the deal giving the New York Racing Association a 25-year franchise extension to operate Aqueduct, Belmont, and Saratoga racetracks.