Keyword: MGM Mirage

  • 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.

  • Conner Named FG Marketing Director

    Mark Conner, a 16-year veteran of the gaming industry, has been named the new director of marketing at Fair Grounds Race Course & Slots.

  • NYRA Gets Bailout Funds, New Conditions

    The New York Racing Association will get its $19-million bailout from state government provided it gives assurances that it "does not anticipate" filing for bankruptcy protection in the next six months.

  • Panel Calls Urgent Meeting On NYRA Bailout

    With New York Racing Association officials threatening to seek bankruptcy protection, state officials are rushing to complete a deal by Oct. 30 to get government bailout money flowing to the financially ailing NYRA.

  • Empire Group Urges Pataki to Release Funds

    The head of a group vying to take over the Thoroughbred franchise from the New York Racing Association is urging Gov. George Pataki to release already-promised state funds to the financially ailing franchise holder.

  • Empire Group Urges Pataki to Release Funds

    The head of a group vying to take over the Thoroughbred franchise from the New York Racing Association is urging Gov. George Pataki to release already-promised state funds to the financially ailing franchise holder.

  • New York Comptroller Alan Hevesi questions motives of state agency.

    New York Comptroller Blasts State Lottery Division

    New York's top fiscal officer has warned a state agency that its delay in approving a video lottery terminal casino contract for Aqueduct is costing the state needed revenue and risking bankruptcy for the New York Racing Association.

  • Delayed Aqueduct VLT Costs Soaring

    The projected costs of the New York Racing Association's video lottery terminal casino keep soaring, and state officials are voicing renewed concerns about the delay in building the new gambling facility at Aqueduct racetrack.

  • NY Tracks, VLTs Worth $2.1 Billion, Study Says

    New York state could reap at least $2.1 billion if it auctions off video lottery terminal franchises at Aqueduct and Belmont racetracks, sells the tracks now run by the New York Racing Association, and privatizes the six regional off-track betting corporations now scattered around the state.

  • Parties in New York Finalize VLT Revenue Deal

    A revenue-sharing deal for video lottery terminals at Aqueduct would give horsemen 7.5% of gross gaming revenue for the first three years, and breeders 1.25% for the first five years, once the devices are operating.

  • Pataki Sees 'Significant NYRA Reform' in Deal

    The New York Racing Association will be placed under the watchful eye of a state oversight panel, Gov. George Pataki announced June 23, while the bidding process for the rights to the franchise to operate NYRA's three tracks will be accelerated.

  • Cost of Aqueduct VLT Parlor Jumps to $170M

    The projected cost of building the long-planned video lottery terminal casino at Aqueduct has soared nearly 20% since it was first proposed several years ago, New York Racing Association officials said.

  • New York Lawmakers Approve VLT Changes

    The New York legislature has given final approval to a measure to increase the share of video lottery terminal revenue for racetracks, as well as jump-start the long-stalled VLT casinos at Aqueduct and Yonkers Raceway.

  • New York Lawmakers Said to Have VLT Deal

    Lawmakers in New York have agreed to repair a state law that has kept Aqueduct and Yonkers Raceway from opening their video lottery terminal casinos in a deal that will bring the state up to $1 billion in revenue each year.

  • 'For-Profit' Franchise Holder Urged for NYRA

    The franchise for the New York Racing Association should be put out to bid and awarded to an entity that will turn the troubled racing group into a for-profit enterprise, the New York state Legislature's top Republican said Tuesday.

  • NY Legislature Ends Without Racing, VLT Bills

    A measure to encourage the operation of video lottery terminals at several big racetracks in New York, including the New York Racing Association's Aqueduct track, collapsed Aug. 12 in Albany amid industry infighting, political intrigue and head-butting among powerful lobbyists.

  • NY Racing Bill Blocked, Republicans Claim

    New York Republican officials are growing increasingly frustrated with Democrats who run the Assembly for blocking a measure to overhaul racing regulation and setting up a new state monitor to oversee the operations at the troubled New York Racing Association.

  • Bill to Revamp New York Racing Passes Senate

    The New York state Senate June 3 gave quick approval to a plan to overhaul the regulation of racing in the state, including a provision designed to get video lottery terminals installed this year at Aqueduct.

  • NYRA chairman Barry Schwartz.

    Schwartz: Franchise Extension Needed for VLTs

    New York state has no choice but to give the New York Racing Association an extension of its franchise if it wants to get video lottery terminals operating at Aqueduct, NYRA chairman Barry Schwartz said.

  • MGM MIRAGE Expands Involvement in Racing Business

    MGM MIRAGE, the gaming and entertainment company that has a deal with the New York Racing Association to construct a video lottery terminal parlor at Aqueduct, is buying the company that owns Lincoln Park greyhound track in Rhode Island, and Arapahoe Park and three dog tracks in Colorado.

  • NYRA chairman Barry Schwartz, says organization can renew plans for VLTs.

    NYRA Fined $3 Million; Two Officials, Four Tellers Indicted

    The New York Racing Association, under investigation for more than three years, was indicted Thursday on fraud and conspiracy charges. Besides the indictment of NYRA, the U.S. Attorney's office in Brooklyn also unsealed indictments against two former directors of the parimutuel department as well as four former tellers on conspiracy and tax fraud charges.

  • Schwartz: VLTs Hinge on Agreement With Horsemen

    The New York Racing Association cannot proceed with its video lottery terminal program unless it strikes a deal with its horsemen to reduce the revenue-sharing for purses in the later years of the program, NYRA chairman Barry Schwartz said.

  • Chicago Casino Deal in the Works?

    MGM Mirage could take over efforts to build a riverboat casino in Rosemont, Ill., near O'Hare International Airport that would pump tens of millions of dollars into the horse racing industry.