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'Friends' Releases Legislative Proposal for Racing

'Friends' Releases Legislative Proposal for Racing

New York should permit public and private partnerships to bid on the New York Racing Association franchise, allow bettors to wager via computers, introduce frequent-betting rewards programs at tracks, and approve the merger of the state's off-track betting corporations, according to an ambitious legislative package proposed March 9 by Friends of New York Racing.

Empire Racing Board Membership Clarified

The executive director of the New York Thoroughbred Breeders has issued a statement clarifying that he is not a board member of Empire Racing Associates, which has been formed in an effort to be part of a bid for the New York Racing Association franchise.

NY Tracks, VLTs Worth $2.1 Billion, Study Says

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.

Cornell Collar Approved in Kentucky

The Kentucky Horse Racing Authority has approved the use of the Vet-Aired Cornell Collar at the state's pari-mutuel racetracks. The throat-support device developed in 2002 at Cornell University is designed to prevent the breathing obstruction known as palate displacement.

FNYR Report: Address Health and Welfare Issues

Friends of New York Racing, formed to advocate a new economic model for the pari-mutuel industry in the state, believes backstretch health and welfare issues should be addressed as part of the selection process for the New York Racing Association franchise.

New York Enacts Pre-Race 'Milkshaking' Tests

The New York State Racing and Wagering Board voted Jan. 19 to adopt an emergency rule allowing for the collection of pre-race blood samples from horses entered into races at the state's Thoroughbred and harness tracks to test for excess alkalizing agents (milkshaking).

NYRA Bailout Tied to Hike in Takeout Rate

The New York Racing Association will have to raise pari-mutuel takeout if it is to obtain a $20-million loan from the state of New York, according to language buried in state budget bills introduced the week of Jan. 16.

NYRA Hopes to Receive Additional $20 Million Soon

With construction set to start on a video lottery terminal casino at Aqueduct in late January, racetrack, the New York Racing Association is pushing the state of New York to provide an additional $20-million bailout before spring.

Pataki Offers Last-Ditch Plan to Assist NYRA

Pataki Offers Last-Ditch Plan to Assist NYRA

New York Gov. George Pataki is offering $10 million in immediate aid to help keep the ailing New York Racing Association from insolvency, and he pledged to work with legislators on another measure to lend NYRA cash against its future gaming proceeds.

New York Upholds 45-Day Suspension for Pletcher

New York Upholds 45-Day Suspension for Pletcher

Trainer Todd Pletcher, who recently set a single-season record for earnings, was suspended for 45 days by New York regulators Dec. 15 for a banned substance found in one of his horses that raced a year ago at Saratoga.

Report: New York Must Overhaul Racing Laws

Report: New York Must Overhaul Racing Laws

New York officials need to act quickly to launch a major overhaul of racing laws to help jumpstart the state's $1.4-billion Thoroughbred racing industry, Friends of New York Racing concluded in its year-end report on the status of pari-mutuel horse racing in the state.

Sotheby's Suspends Sale of NY Equine Art

Sotheby's Suspends Sale of NY Equine Art

The auction of 19 pieces of equine artwork by the financially ailing New York Racing Association has been canceled after Sotheby's auction house withdrew the sale under threat of legal action by the state government.

NYRA Requests 257-Day Season for 2006

The New York Racing Association has requested a 257-day racing season for 2006, pending formal submission to and approval by the New York State Racing and Wagering Board.

<i>DRF</i> Acquires Publishing Assets of Sports Eye

Daily Racing Form has acquired the publishing assets of Sports Eye Inc., a New York-based company that produces Thoroughbred and Standardbred handicapping publications and other sports-related publications.

State Says NYRA Artwork Not Approved for Sale

State Says NYRA Artwork Not Approved for Sale

New York state is threatening legal action against the New York Racing Association and the auction house planning to sell NYRA artwork because it claims it hasn't signed off on the sale of the equine art collection.

NYRA Ripped for Bypassing State Oversight Panel

The New York Racing Association, which hopes to get the state's attention on its current fiscal plight, did itself no favors by the way it hired a bankruptcy law firm to represent it in the event of insolvency if the reaction of the head of a new oversight panel is any indication.

Total Handle on Breeders' Cup Card Up 2.5%

All-sources handle on the Oct. 29 Breeders' Cup World Thoroughbred Championships at Belmont Park was a record $124,009,593, up 2.5% from the $120,897,141 wagered last year when the event was held at Lone Star Park.

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.

FNYR Study, OTBs Differ on Health of System

Revenue to localities in the six off-track betting regions in New York is down more than 50% from 2000 to 2004, according to the results of a study commissioned by Friends of New York Racing, the organization that seeks to build a better economic model for the pari-mutuel industry in the Empire state. Two OTB corporations, Capital and New York City, have issued responses to the report, which they believe doesn't tell the whole story.

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