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Nader Discusses New Position with HKJC

The Hong Kong Jockey Club named Bill Nader, senior vice president and chief operating officer of the New York Racing Association, as its executive director of racing. The HKJC made the announcement March 15, and Nader is expected to assume his new position April 23. He agreed to serve in his new role for a minimum of three years.

New York State of Mess

By Ray Paulick - If you're a little confused about the future of racing in New York, join the club. If you're not confused, you're probably not thinking clearly.

NYRA Wants Lien Games Lawsuit Dismissed

The New York Racing Association has asked a federal bankruptcy judge to dismiss a lawsuit filed by Lien Games Racing that seeks immediate distribution of winning wagers the North Dakota wagering outlet claims it is owed.

Turn Signal

By Ray Paulick -- Twenty years ago, in the infancy of whole-card simulcasting, there were fears that only the so-called "super tracks" would survive -- those offering the highest-quality racing signals to receiving sites around the country.

Betting Hub Claims NYRA Should Pay Out Wagering Payoffs

A North Dakota betting hub has broken ranks from other creditors with claims in the complex New York Racing Association bankruptcy case, filing a federal lawsuit that demands the racetrack operator immediately pay out over $1.6 million in net payoffs it claims it is owed from wagering pools.

NYRA Signal Cut to Account Wagering Outlets

The New York State Racing and Wagering Board has turned off the New York Racing Association's simulcast signal to an estimated two dozen account wagering outlets. Regulators criticized NYRA for delays in submitting contracts to the agency for review, a delay that cost the racing entity about $25,000 in Aqueduct betting revenues Feb. 1, the first day of the signals being cut.

Aqueduct Casino, More VLTs Possible in '08 Plan

New York state officials said talks are under way to permit construction to proceed on a casino at Aqueduct, and a crack has opened to possibly permit more video lottery terminals in the state. Additionally, there is a plan by the state to provide more public assistance to keep the New York Racing Association afloat through 2007.

Confident Swindal Laying Plans for Excelsior

New York Yankees partner Steve Swindal said his Excelsior Racing Associates group is already discussing future track management and laying plans to take over racing in New York on Jan. 1, 2008 when, he believes, Excelsior will begin operating Aqueduct, Belmont, and Saratoga racetracks.

New York Racing Association Releases '07 Stakes Schedule

The 2007 New York Racing Association stakes schedule highlights the inaugural Breeders' Cup Challenge with Belmont and Saratoga each hosting challenge-day events. The powerhouse race days highlight NYRA's stakes schedule, which features 38 grade I races and nearly $33 million in stakes purses.

State Provides NYRA $8M Loan for Expenses

The state of New York has wired the New York Racing Association $8 million to help ease its immediate fiscal troubles, a funding stream that surprised NYRA officials who earlier in the day had been in court on their first hearing after filing for Chapter 11 bankruptcy protection.

NYRA Seeks Bankruptcy Protection from Court

The New York Racing Association has filed for Chapter 11 bankruptcy protection, charging that the state of New York's failure to approve a long-stalled casino project for Aqueduct Racetrack has pushed it toward insolvency.

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.

All-Source Wagering Jumps 6.7% at Belmont

Belmont Park's fall 33-day meeting concluded with increases in average daily attendance and all sources wagering after subtracting the figures from the 2005 Breeders' Cup World Championships, which was conducted at Belmont Park, to provide a more accurate depiction of business.

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.

Fight for Franchise Aids New York Political Races

With the future of the racing industry in New York up in the air, the most immediate beneficiaries appear to be state officials running for office this fall, thanks to a steady flow of money from individuals and companies tied in one way or another to the Thoroughbred franchise renewal process.

Horsemen's Group Blames NYRA for VLT Delays

The New York Racing Association is to blame for the delays in state approvals needed to begin construction on the long-stalled Aqueduct casino project, the leaders of the New York Thoroughbred Horsemen's Association claim.

NYRA, Empire, Excelsior Submit Racing Bids

The first bids for the franchise to operate Aqueduct, Belmont Park, and Saratoga for 20 years beginning in 2008 were submitted Aug. 29 by the current operator and two groups that included developers and casino and racetrack companies allied with Thoroughbred owners and breeders.

New Vet Clinic to Open at Belmont Park

IEAH Corporation, a subsidiary of International Equine Acquisitions Holdings, Inc. announced Thursday the formation of a state-of-the-art veterinary clinic located across the street from Belmont Park that will be run by noted veterinarians James Hunt and Patricia Hogan.

Yankees Partner: Group Keen on New York Racing

Principals in the ownership of and construction of a new stadium for the New York Yankees are similarly committed to strengthening the Thoroughbred racing and breeding industry in New York via the Excelsior Group, Yankees partner Steve Swindal said.

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