The MidAtlantic Cooperative, which represents 19 racetracks and their off-track betting facilities and account wagering systems, will pull the plug on simulcasts from Belmont Park effective Sept. 15 having failed to strike a deal with the New York Racing Association.
The New York Racing Association announced Sept. 3 that it has fully funded the account maintained for the benefit of its horsemen, who are represented by the New York Thoroughbred Horsemen's Association (NYTHA), using the proceeds from recently completed business transactions.
A fast-approaching thunderstorm Saturday evening near Saratoga Springs that caused the Travers (gr. I) starting time to be moved up five minutes cost the New York Racing Association $5 million in total wagering, an official estimated.
The nation's top three horse racing companies have teamed to study the current jockey scale of weights and make recommendations on potential national reforms to the Jockeys' Guild, horsemen's groups, racing associations and racing regulators.
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.
Magna Entertainment Corp. is still willing to partner with the New York Racing Association, but it is also pursuing its own move into the New York marketplace in case NYRA isn't serious about a merger, MEC president Jim McAlpine said.
National Thoroughbred Racing Association commissioner Tim Smith tendered his resignation as expected July 27, but there was no announcement that Smith had taken a job as president and chief executive officer of the New York Racing Association.
The New York Racing Association's chief executive officer isn't willing to definitively say National Thoroughbred Racing Association commissioner Tim Smith will take over as president, but Barry Schwartz believes the time has come for him to step aside from his full-time NYRA post.
By Ray Paulick -- This is supposed to be the time of year when the racing world starts talking Saratoga and Del Mar, and the search begins for the hot 2-year-olds who look like they could be Triple Crown prospects 10 months from now.
Tim Smith, the first and only full-time commissioner of the National Thoroughbred Racing Association, may resign effective Sept. 1 and could be headed to the New York Racing Association to serve as president and chief executive officer.
The New York Racing Association lost nearly $20 million last year, in part due to government fines and other expenses to cope with ongoing legal problems. But the association expects to greatly reduce the deficit in 2004.
More money was wagered in New York on out-of-state races than in-state races in 2003, the first time such a shift has occurred, according to a new report by the New York State Racing and Wagering Board.
Not only will Saratoga Gaming and Raceway not close down its video lottery terminal parlor in August to accommodate the New York Racing Association, but there is talk of the NYRA neighbor adding another 700 VLTs, a state official said.
A New York appeals court July 7 said the revenue-sharing agreement for racetrack video lottery gambling is unconstitutional, a decision that raises new questions about a program that has stalled at the state's biggest tracks.
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.
Records in attendance and handle for Belmont Park and the New York Racing Association (NYRA) were set Saturday as Birdstone upset heavily-favored Smarty Jones in the 136th running of the Belmont Stakes (gr. I) before a crowd of 120,139. The previous attendance record was 103,222 during the Belmont Stakes two years ago.
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.
With a positive forecast and unprecedented interest in Smarty Jones' Visa Triple Crown Challenge bid in Saturday's Belmont Stakes (gr. I), officials at the New York Racing Association are bracing for the biggest day in track history.
New York Gov. George Pataki May 27 proposed a complete overhaul of racing laws in the state, a move that would block the New York Racing Association's bid to get its racetrack franchise extended this year, and provide incentives to get video lottery terminals in operation at Aqueduct.
Little Red, meet Big Red. When Smarty Jones ships to Belmont Park next week, he will be stabled in Barn 5, which was the home of Triple Crown winner Secretariat. The barn is right next door to Barclay Tagg's barn, making Smarty Jones and last year's hero, Funny Cide, temporary neighbors.
His connections hope that Rock Hard Ten, who threw a fit prior to being loaded into the starting gate for last week's Preakness (gr. I), could improve on his second-place finish in the race with some improved etiquette in the Belmont Stakes (gr. I).
The New York Racing Association and Magna Entertainment Corp. again are discussing merger possibilities, two months after the NYRA board flatly rejected a bid by Frank Stronach's company to become financial partners.
As some lawmakers and off-track betting corporations push for an increase in pari-mutuel takeout, New York regulators March 30 agreed to lower the takeout on certain pick six wagers at New York Racing Association tracks.
Pari-mutuel takeout wars have begun in New York, where a state senator has introduced legislation to increase the amount the New York Racing Association keeps on wagers. Though the measure's sponsor said the takeout hike is needed to help stop NYRA's financial bleeding, NYRA chairman Barry Schwartz insists the legislation would turn off bettors and decrease purses.
Two weeks after floating its legislative proposal around the state Capitol, the New York Thoroughbred Horsemen's Association has found a legislator to introduce a measure that would force the New York Racing Association to reimburse millions of dollars it borrowed from the horsemen's purse account.
The New York Racing Association would be legally required to reimburse horsemen in the state for the millions it borrowed from their purse fund to pay for its operations, according to a proposal being quietly shopping around to state legislators.
A Manhattan law firm with broad investigative experience has been named by a federal judge to oversee the finances and operations of the New York Racing Association to ensure it is in compliance with an oversight process ordered last year by the U.S. Attorney's office.
The National Thoroughbred Racing Association might be poised to hire former New York Racing Association president Terry Meyocks, industry sources said. It isn't known in what capacity Meyocks would serve if he's hired.
Two historic stakes for 2-year-olds, the Saratoga Special (gr. II) and the Adirondack (gr. II), both run for the first time in 1901, have been dropped from the schedule for the 2004 season at Saratoga Race Course.