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.
A powerful New York legislator says the franchise to operate Aqueduct, Belmont, and Saratoga racetracks should be awarded in the next six months in order to ensure the continued viability of racing in the state.
A powerful New York legislator says the Thoroughbred franchise for Aqueduct, Belmont and Saratoga racetracks should be awarded in the next six months in order to ensure the continued viability of racing in the state.
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.
New York Gov. George Pataki, after a day of intrigue at the state Capitol over the leadership of the state's racing regulatory agency, has relieved Michael Hoblock of his duties as chairman of the state Racing and Wagering Board.
New York's top racing regulator said court action is still being considered as a result of the New York Racing Association's plans to auction off 19 pieces of artwork without first getting state approval.
A state oversight panel is recommending the New York Racing Association boost takeout, defer dues to the National Thoroughbred Racing Association, and get a cash advance from its casino partner in order to cope with NYRA's worsening fiscal picture.
The New York Racing Association announced Nov. 16 that Hill 'n' Dale Farm has become sponsor of Aqueduct's $350,000 Cigar Mile (gr. I). Formerly, the NYRA Mile, the 17th running of the Hill 'n' Dale Cigar Mile will be run on Saturday, Nov. 26.
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.
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.
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.
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.
For the first time in Breeders' Cup history, horses entered in all championship races will be required to pass through a race-day detention barn, keeping in step with security measures set up by the New York Racing Association earlier this year.
New York Racing Association officials are cautiously backing away from comments attributed to NYRA President Charles Hayward concerning the possible closure of Aqueduct if the state grants NYRA another racing franchise after 2007.
As Breeders' Cup officials continued to deal with the fallout from the announcement the New York Racing Association could be nearing insolvency, they indicated Oct. 11 it's all systems go for the Oct. 29 World Thoroughbred Championships at Belmont Park by launching a $2-million marketing push only 18 days before the event.
The franchise now held by the embattled New York Racing Association, which is facing insolvency by the end of November, should be awarded to a new operator within six months, New York Senate Majority Leader Joseph Bruno said Thursday.
The three major racetrack operators -- Churchill Downs Inc., Magna Entertainment Corp., and the New York Racing Association -- have confirmed along with other racing associations and horsemen's groups the renewal of their membership in the National Thoroughbred Racing Association.
A secretive group trying to obtain the New York Racing Association franchise is raising concerns about NYRA's attempt to sell 80 acres of land near Aqueduct racetrack--land the group says may not be owned by NYRA.
Two senior New York Racing Association officials, including a onetime top jockey, were indicted Sept. 21 in state court on fraud and other charges as part of a scheme in which jockey weights were fabricated at NYRA tracks.
Federal prosecutors have dropped their longstanding criminal case against the New York Racing Association, which officials said cooperated in reforming past episodes of wrongdoing that could have cost it the franchise to operate the tracks.
Offshore wagering services issued statements Sept. 13 expressing unhappiness with the way rebate shops were portrayed in a report that led to dismissal of charges against the New York Racing Association.
Thoroughbred owner Jack Knowlton is among six appointments to a newly-created Committee on the Future of Racing announced by New York Republican Gov. George Pataki and state Senate majority leader Joseph L. Bruno on Friday.
The firm Getnick & Getnick, the federal monitor overseeing the operating procedures of the New York Racing Association (NYRA), has delayed submitting a report of their findings to the United States Attorney's office, which will turn over the report to Judge Arthur Spatt, the federal judge overseeing the matter.
New York Racing Association president Charles Hayward and New York Thoroughbred Horsemen's Association president Richard Bomze announced Aug. 22 a trust account has been established to protect horsemen's purse money.
During a meeting with horsemen Thursday at Saratoga Race Course, New York Racing Association president Charles Hayward said that purse accounts are fully funded and plans are being developed to build pre-race detention barns for the 2006 Saratoga season.
Saturday's NTRA National Pick 4 wager, offered in conjunction with the "Emirates Airline Super Saturday" series airing on ABC and ESPN through October, drew an enthusiastic response from fans, with a total handle of $1,162,771 and a payoff of $1,301.60 for each $1 winning ticket.
Trainer Todd Pletcher has a host of Saratoga stakes wins to his credit and hopes to add one more to the list when he saddles Vicarage in Sunday's $150,000 Amsterdam Stakes (gr. II), going six furlongs.
The New York Racing Association has made significant strides to improve its operations and to bolster the integrity of the racing industry, according to the federal monitor assigned to oversee NYRA during its deferred prosecution period.
The battle over the franchise to run three New York racetracks got off to an unofficial start Aug. 2 when officials with the New York Racing Association and Magna Entertainment Corp. sparred during an Albany Law School symposium.
A survey authorized by Friends of New York Racing showed many New Yorkers aren't aware of the New York Racing Association's ongoing legal and financial problems, and that they aren't sure how the NYRA franchise should be structured.
The New York Racing Association is "100 percent committed" to race day security barns, but has taken immediate action to address concerns expressed by horsemen at Saratoga Race Course, NYRA president Charles E. Hayward said July 29.
Newly elected Hall of Fame trainer Nick Zito, multiple Eclipse Award-winning jockey Jerry Bailey, and New York Racing Association president and CEO Charles E. Hayward will be panel guests at the July 25 "Saratoga Preview" program at the National Museum of Racing and Hall of Famein Saratoga Springs, New York.