Video lottery terminals will be coming to Saratoga Springs following approval Wednesday evening by local officials of a resolution permitting the devices at a Standardbred track located just down the road from the New York Racing Association's premier flat track.
The New York Racing Association has ended dark-day simulcasting at Aqueduct, and its chairman, Barry Schwartz, targeted the product at Gulfstream Park as the main reason for the move. The president of Gulfstream disagrees with Schwartz's assessment of the product.
A lawsuit is being filed Jan. 29 in the state Supreme Court challenging New York's sweeping gambling legislation that permits most racetracks across to install video lottery terminals.
As racetracks continued to insist they can't make money off New York's new video lottery terminal program, Gov.George Pataki released a state budget proposal that for the first time projects revenue for government from the gambling devices.
Trainer Richard Dutrow is pulling out the big guns for Saturday's $75,000 Paumonok Handicap at Aqueduct. Dutrow has entered stable stars Here's Zealous and Late Carson in the six-furlong sprint event.
The New York Racing Association has submitted plans to state regulators to build a 100,000 square-foot, video lottery terminal area at Aqueduct racetrack, but the chairman of NYRA says the proposal won't work unless the state revises its new video lottery terminal law to give tracks more help with expenses.
Video lottery terminals, despite the objection of the New York Racing Association, have taken a key step closer to coming to a Saratoga Springs harness track.
A successful Breeders' Cup and strong meets at Saratoga and at Aqueduct this fall helped the New York Racing Association achieve gains in on-track handle and total handle for the year.
Members of the Thoroughbred industry share their hopes and predictions for 2002.
The New York Racing Association has unveiled a new pricing structure for its tracks in 2002.
Racing and breeding news and information
The video lottery terminals proposed for New York racetrack appear to be less of a good deal than was expected when a law that permits them was rushed through two months ago, the head of the New York Racing Association said.
- By Tom Precious
The video lottery terminals proposed for New York racetrack appear to be less of a good deal than when a law that permits them was rushed through two months ago, the head of the New York Racing Association said.
As a new, sweeping gambling package was signed into law in New York, forces were already lining up for a potentially nasty battle over whether to permit video lottery terminals in Saratoga Springs, the state's healthiest Thoroughbred community.
- By Ray Paulick
By Ray Paulick -- New Yorkers made Belmont Park come alive in a way unique to America's greatest city.
Officials in New York gave final approval early this morning to a historic gambling package giving most racetracks video lottery terminals, allowing up to six Indian-owned casinos in Western New York and the Catskills and expanding the state's lottery offerings.
The National Thoroughbred Racing Association (NTRA) and Breeders' Cup Limited announced revised plans for their fundraising activities in connection with the NTRA Charities - New York Heroes Fund, including a series of charity auctions to replace the previously scheduled, black-tie Breeders' Cup Charity Gala Oct. 26. The Heroes Fund aids the families of rescue workers and other victims of the Sept. 11 attacks on the United States.
New York Mayor Rudolph Giuliani is urging state lawmakers and the governor to approve his plan to sell the New York City Off-Track Betting Corp. to a Magna Entertainment-led consortium as a way to raise much-needed revenues in the aftermath of the Sept. 11 terrorist attacks.
The New York Racing Association, apparently seeking to cover its bases in its fight to block the sale of the New York City Off-Track Betting Corp. to a consortium headed by Magna Entertainment, has lured away a top executive from a Magna-owned racetrack.
Sweeping proposals for new gambling ventures in New York have moved far off the table in the aftermath of the Sept. 11 terrorist attack on the World Trade Center in Manhattan.
Due to a flood of early, generous contributions, the NTRA, Breeders' Cup Limited, and the New York Racing Association announced Friday it was doubling its goal for the NTRA Charities -- New York Heroes Fund to $2 million. The Heroes Fund, set up by the organizations a week ago, will aid the families of New York firefighters, police officers, emergency services personnel, and other victims who perished in the terrorist attacks on New York Sept. 11.
The U.S. Department of Agriculture gave its approval today to a foot-and-mouth quarantine facility at Aqueduct. The decision will make it easier for European horses to compete in Breeders' Cup World Thoroughbred Championship prep races at Belmont Park.
Breeders' Cup is re-evaluating the marketing position of its World Thoroughbred Championships in light of the recent terrorist attack on New York City, an official said Tuesday. The Oct. 27 event at Belmont Park will be dedicated to the people impacted by the attack on the World Trade Center.
The chairman of the New York Racing Association said Saturday he would welcome video lottery terminals at Aqueduct Raceway, but insists the state's ailing Standardbred tracks should also be included in any VLT proposal now being eyed by state officials.
Keeneland has announced that effective with the start of its autumn meeting Oct. 5 it will be lowering the takeout on exotic wagers from 19% to 16%. Bettors with winning tickets on daily doubles, exactas, trifectas, superfectas, and Pick Threes will see a higher percentage of money returned to them.
New York Gov. George Pataki is quietly floating a plan to permit video lottery terminals only at Aqueduct racetrack on an experimental basis, sources at the state capital said. The plan is said to ignore the Standardbred industry, which has lobbied hard for VLTs.
It was a Travers Day like no other at Saratoga Race Course on Saturday. Saratoga and the Travers were never more popular through their long, storied history.
The New York Thoroughbred Horsemen's Association, in a statement released Aug. 19, said it "firmly believes" the owner of New York City Off-Track Betting Corp. should be the operator of New York's Thoroughbred racing franchise, in this case the New York Racing Association.
At a press conference at Saratoga Race Course on Wednesday, New York Racing Association chairman Barry Schwartz announced that the board of trustees of the NYRA agreed to support the introduction of video lottery terminals at Aqueduct and Belmont Park under conditions that would further the racing industry in New York State.
The New York Racing Association board of trustees on Wednesday announced it would support the introduction of video lottery terminals at Aqueduct and Belmont Park under conditions that would "further the racing industry in New York state." Saratoga, located in upstate New York, is not in the mix.
Less than a week after Magna Entertainment was tapped as the winning bidder for New York City Off-Track Betting Corp., the company's chairman, Frank Stronach, said he would like to add the New York Racing Association franchise to his portfolio.
- By Ray Paulick
By Ray Paulick -- If the privatization of the New York City Off-Track Betting Corporation was a horse race, the inquiry sign would have lit up immediately after the city's mayor, Rudolph Giuliani, on Aug. 2 announced the bureaucracy would be sold to a group headed by Frank Stronach's Magna Entertainment and Bob Green's Greenwood Racing.
Setting the stage for a nasty battle between two racing giants, New York City Mayor Rudolph Giuliani Thursday afternoon tapped a group led by Frank Stronach's Magna Entertainment over the New York Racing Association as the winning buyer of the lucrative New York City Off Track Betting Corp.
Total handle for Belmont Park's 55-day meet increased 4.8%, but on-track numbers continued to be weak. Average daily on-track handle was flat at $1,929,951, while average daily attendance fell 5.9% to 8,025.
Four New York Racing Association employees have been indicted as part of a probe by state investigators into an alleged money laundering operation. New York City Mayor Rudolph Giuliani cancelled an 11 a.m. news conference at which he was to announce a group led by Magna Entertainment had won the purchase rights to the New York City Off Track Betting Corp.
A first round of indictments involving allegations of criminal activity at betting window operations at New York Racing Association tracks is expected today, sources said Wednesday. Also Thursday, the winning bidder for New York City Off-Track Betting Corp. is expected to be announced.
New York's top Democrat in the state Legislature said New York City Mayor Rudolph Giuliani has told him the city government is inclined to sell its massive off track betting operation to a consortium of racing interests headed by Magna Entertainment.
The New York Racing Association has plans for more stalls space at Saratoga. Meanwhile, Point Given and Monarchos could hook up yet again in the Travers Stakes in late August at the upstate New York racetrack.
The New York Racing Association, after agreeing to concessions with the state's off-track betting corporations, won final legislative approval of its plan to lower takeout on betting at its three tracks in New York. Gov. George Pataki must sign the bill.
Negotiations to permit the New York Racing Association to lower its pari-mutuel takeout, which NYRA believes will increase wagering, are close to a resolution, individuals involved in the talks said.
The sale of New York City Off-Track Betting apparently hinges on legislative changes that would make the entity more attractive to potential buyers. Meanwhile, it appears the state legislature may have more time to examine the issue given the fact they may remain in Albany into the summer.
The owners of professional soccer's New York/New Jersey MetroStars are planning to build a new soccer stadium next to Aqueduct.
- By Ray Paulick
By Ray Paulick -- Without question, the presence of Bill and Hillary Clinton added a significant buzz to the Belmont.
The New York Racing Association has made improvements in its financial practices in recent years, but state auditors have questioned a number of big-ticket expenses, including money NYRA donated to charity but did not report to federal tax officials and consulting and lobbying expenses.
The New York Racing Association says legislation that would allow it to reduce dates at Aqueduct has met no opposition from other racing groups, but at least one legislator has reservations. The bill was reported out of the Assembly Ways and Means Committee, and is expected to be approved by the lower House within weeks.
The state Senate unanimously approved a bill sponsored by Senate Racing Committee chairman William Larkin that would, at the request of the New York Racing Association, change state law to lower the number of mandatory racing days at Aqueduct from 107 to 95.
The National Thoroughbred Racing Association has gotten a great deal of mileage out of a charitable gift to nationally syndicated radio host Don Imus, host of "Imus in the Morning."
- By Ray Paulick
By Ray Paulick -- An informal survey of Central Kentucky farms on May 21 suggests the worst may be over as far as mare reproductive loss syndrome is concerned.
An agreement has been reached between Finger Lakes Race Track and the Western Regional OTB to open a Finger Lakes Special Betting District in the western New York area. The deal, contingent upon Western Regional OTB obtaining an operating license from the New York State Racing and Wagering Board to re-open Batavia Downs, will aid the expansion of simulcast wagering at Finger Lakes and local OTB parlors. Both sides have been working on a deal since Finger Lakes approached Western with the proposal in March 2000.
The New York Racing Association reports that reserved seating for this year's Belmont Stakes (gr. I) has sold out.
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