The latest in a growing number of simulcast contract disputes has led the New York Racing Association and Magna Entertainment Corp. to cease doing business with Tampa Bay Downs.
Two weeks after agreeing to pay a $3 million settlement with the federal government, the New York Racing Association has raised the price for some reserved seats at Saratoga Race Course in 2004 by 25%.
The U.S. Attorney's Office is seeking someone to oversee the recently indicted New York Racing Association, which can avoid prosecution on the indictment if its monitor says it has stayed clean.
When Heiligbrodt Stable's Caught in the Rain ran fourth in the Top Flight Handicap (gr. II) last month, she was facing tougher horses and running around one turn. On Saturday, she will face a softer cast and two turns on Aqueduct's inner dirt track in the 134th running of the $100,000 Ladies Handicap (gr. III) going 1 1/4 miles.
- By Ray Paulick
By Ray Paulick -- Let's hope other track operators have learned something from the NYRA investigation. Meanwhile, a review of other top events of '03 shows optimism for the New Year within racing, breeding, and auction sectors of the industry.
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.
The New York Racing Association's political muscle had nothing to do with the deal in which prosecutors agreed to indict NYRA, but not prosecute it if it agrees to certain reforms and pays a $3 million fine, NYRA chairman Barry Schwartz said Thursday.
The name of the $750,000, 1 1/2 mile Turf Classic, to be run at Belmont Park on Oct. 2, 2004, has been changed to the Joe Hirsch Turf Classic Invitational, it was announced Thursday by Barry K. Schwartz, chairman and CEO of the New York Racing Association.
The New York Racing Association, under investigation for more than three years, was indicted Thursday on fraud and conspiracy charges. Despite that, NYRA will be able to retain its franchise to run three premier Thoroughbred tracks in New York under a "deferred prosecution'' deal in which it will escape a trial in return for reforming its operations, according to the deal agreed to by federal prosecutors and the NYRA board of trustees.
A top casino official from Las Vegas believes pari-mutuel wagering has its place in casinos, but he believes that position could be jeopardized if the rates charged for signals make simulcasts cost-prohibitive.
New York media outlets have reported an indictment of the New York Racing Association on conspiracy, tax evasion, and fraud charges is expected, possibly as soon as Dec. 5. In an unusual deal, NYRA would be allowed to keep its franchise to operate Aqueduct, Belmont Park, and Saratoga, according to the reports.
With scandals at the New York Racing Association having left a string of criminal convictions over the past couple years, the chairman of the Senate racing committee has proposed legislation to tighten state law to ensure convicted felons cannot obtain racing licenses in New York.
Kenneth T. Cook has been named director of security for The New York Racing Association Inc.
Two months after he resigned as president of the New York Racing Association, Terry Meyocks remains on the job -- a move that is making some government officials start to privately grumble.
After years of dipping into purse accounts to meet expenses, the New York Racing Association has, under pressure from horsemen, opened a new account that will be solely for maintaining purse winnings.
As the racing industry's breath-holding continues as it awaits the ongoing investigation by the U.S. Attorney's office, it is a question state and federal officials, as well as NYRA's boosters and competitors alike, have been increasingly pondering.
Daily average attendance and handle were off across the board at the recently concluded 38-day Belmont fall meet.
Aqueduct is gearing up for its 2004 Winter/Spring meeting, which opens Jan. 1. The 49-day Winter Meet will run through March 7, followed by the 38-day Spring Meet from March 10-May 2.
Fans at Aqueduct for opening day Wednesday of the Big A's 44-day fall meeting will notice that New York City's track is undergoing changes. But while these changes are being made, the racing will continue, capped by HolidayFest (Nov. 27-30) and the $350,000 Cigar Mile (gr. I) on Nov. 29.
The longtime head of a quasi-state agency charged with financing improvements at New York's top Thoroughbred racetracks has resigned under a cloud, government officials said Oct. 9.
Eugene Melnyk has been elected to the Board of Trustees of the New York Racing Association Inc.
Fans making their way to Aqueduct for the Oct. 29 opening day of the fall meeting will see some changes at the racetrack. Construction has changed access and the entrances to some areas, but live racing will continue through Dec. 31.
A few months after it was slapped with a $10,000 fine over its last promotional mailer, the New York Racing Association is trying again.
New York Racing Association officials said it appears losses were kept relatively low from a September incident in which at least a dozen wagering outlets failed to stop taking bets after a Belmont Park race had begun.
The embattled president of the New York Racing Association resigned Monday evening, in a move NYRA officials hope will quell the firestorm that is threatening their franchise to run the state's three premier racetracks.
From press release -- New York Racing Association chairman and Chief executive officer Barry K. Schwartz announced today a major reorganization of NYRA's management structure, including the resignation of president and COO Terry Meyocks.
The New York Racing Association, poised to make major reorganizational changes in a bid to keep its racing franchise intact, has hired a new high-level executive to oversee its much-criticized finances.
The trustees of the New York Racing Association, a target of allegations of wrongdoing and mismanagement, met in private Sept. 24 to devise ways to keep from losing the franchise to operate the state's premier Thoroughbred tracks.
State regulators have taken the formal step of stripping the racing licenses of seven illegal immigrants who were arrested while working as grooms and exercise riders at Saratoga in July.
New York state comptroller Alan Hevesi, who believes the New York Racing Association is unwilling to reform operations, has called for the creation of an independent inspector general to monitor NYRA.
As the New York Racing Association sits on the video lottery terminal sidelines, others in New York are racing ahead with efforts to get the devices up and running, possibly by the end of the year.
- By Ray Paulick
By Ray Paulick -- The Saratoga season of 2003 is one New York Racing Association officials will not soon forget, and for good reason. They overcame numerous obstacles to post record numbers at what most people acknowledge is American racing's most important meeting.
Trainer Todd Pletcher is readying for a busy weekend at Saratoga where he will saddle the dynamic juvenile duo of Limehouse and Chapel Royal in the Aug. 30 Hopeful Stakes.
The Greatest Game, an initiative to encourage Thoroughbred ownership, will sponsor the Friday edition CNBC's "Squawk Box" when the show is broadcast live from Saratoga Race Course leading up to the Aug. 23 Travers Stakes (gr. I). The show airs on CNBC weekdays from 7-10 a.m.
Racing was held as scheduled at Saratoga Friday, with only a few changes necessitated by the power outage Thursday that affected an estimated 50 million people in the United States and Canada.
An internal audit of a little known state fund found the New York Legislature has given the embattled New York Racing Association loose reins over $60 million it owes the state.
Trainer John Ward received a surprise phone call on Wednesday from New York attorney general Eliot Spitzer, three days after the Kentucky horseman made comments critical of the federal investigation of the New York Racing Association.
After meeting with its newly hired security consultant, the New York Racing Association on Wednesday said it has begun a review of its practices already under investigation by state and federal authorities.
Kentucky Derby-winning trainer John Ward has called some of the recent attacks on the embattled New York Racing Association "essentially a political assassination campaign" linked to development of video lottery terminals at racetracks in the state.
A construction program that began 2 1/2 weeks ago to install video lottery terminals at Aqueduct racetrack in New York has been halted because of the ongoing criminal investigation of the New York Racing Association.
Starting Aug. 13 at Saratoga, any turf race scheduled to be run at one mile for older horses switched to the main track will be run at seven furlongs.
Magna Entertainment Corp. is still very much interested in entering the New York racing market, and would seek to obtain, if it becomes available, the New York Racing Association franchise, the head of the company said Aug. 5.
In another blow for the New York Racing Association, state regulators have fined NYRA $10,000 for launching a marketing program before getting state government approval.
A draft audit by New York state comptroller Alan Hevesi found the New York Racing Association has come up short in payments to purses and state franchise fees.
Saratoga will offer its usual fare of racing on Saturday, but some current and past NHL stars will visit the track for an autograph session from 11 a.m.-12:30 p.m.
On-track attendance was up 2.8% at the Belmont Park spring meeting but on-track and total handle both suffered decreases, the New York Racing Association reported.
Federal prosecutors are preparing an indictment against the New York Racing Association that will allege a corporate conspiracy that permitted corruption to occur at its three racetracks. Sources also say the state is currently developing a contingency plan in case the NYRA is ousted from its duties.
After mailing out 180,000 vouchers to its fans, the New York Racing Association has scuttled its marketing tool known as the "mystery voucher'' program after state regulators ordered new safeguards implemented in the program.
Saratoga Race Course will introduce five portable luxury suites for the 2003 summer meet for corporate and private outings, officials with The New York Racing Association announced on Thursday.
Controversy has once again hit the New York Racing Association following an article published in Thursday's edition of the Albany Times-Union that shows former chief executive Kenneth Noe has received $7,000 a month, plus expenses, since his retirement in a deal that will continue even beyond his death.
Most Popular Stories
- Mubtaahij Easily Earns Kentucky Derby Spot
- Champion Groupie Doll Delivers Premature Foal
- Secret Circle Powers Home in Golden Shaheen
- Solow All Alone in Dubai Turf
- Sole Power Drives to Al Quoz Sprint Win
- Dolniya Quickens to Sheema Classic Score
- Brown Panther Pounces in Dubai Gold Cup
- Tamarkuz Takes Godolphin Mile Thriller
- Dubai Wold Cup 2015: Godolphin Mile
- 'Chrome' Draws Outside Post 9 for World Cup