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NYRA Hires New Chief Financial Officer

NYRA Hires New Chief Financial Officer

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.

Personnel, Purses Subject of Private NYRA Meeting

Personnel, Purses Subject of Private NYRA Meeting

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.

Some New York Tracks to Have VLTs Within Months

Some New York Tracks to Have VLTs Within Months

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.

Spa-Tacular

Spa-Tacular

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.

The Greatest Game to Sponsor CNBC Program

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.

NYRA Criticized Over Loan

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.

NYRA Reviewing Management Practices

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.

Trainer Ward Critical of Recent Attacks on NYRA

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.

Rainy Belmont Meet Suffers Decrease in Handle

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.

Feds Seeking Indictment Against NYRA

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.

NYRA's Mystery Voucher Promo Stopped Mid-Stream

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 to Offer Portable Luxury Suites

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.

Report Spurs Response From NYRA's Schwartz

Report Spurs Response From NYRA's Schwartz

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.

Here and There

Brisnet.com has introduced a series of three online handicapping contests...Members of the Dance Theater of Harlem's Cast from "St. Louis Woman" visit Belmont Thursday.

Casino Mogul Trump Joins List of NYRA Critics

Casino Mogul Trump Joins List of NYRA Critics

Using a smiling, cigar-chomping photograph of gangster Al Capone atop a caption saying "he would have loved'' the thought of putting slot machines at New York Racing Association tracks, casino mogul Donald Trump has joined in on the growing chorus of NYRA critics.

Spa Takes Back Seat to Defense of NYRA

Spa Takes Back Seat to Defense of NYRA

The charges and countercharges battle between the New York Racing Association and New York Attorney General Eliot Spitzer continued June 24, with NYRA charging the state's chief law enforcement agent "does not understand NYRA's operations," and that he made "no attempt" to make his damaging report balanced.

NYRA Seeks to Lower Pari-Mutuel Takeout

NYRA Seeks to Lower Pari-Mutuel Takeout

Quickly taking advantage of a new pari-mutuel deregulation move by the state, the New York Racing Association has proposed reducing its takeout on certain bets at Aqueduct, Belmont Park, and Saratoga.

Saratoga Simulcasts to Belmont

For the first time ever, racing fans in New York will be able to watch and wager on the entire Saratoga meeting this summer from Belmont Park. In the past, Aqueduct served as the Saratoga simulcast site.

Belmont Ball Raised $175,000 for Research

The Belmont Ball, hosted by the New York Racing Association on June 5 at Belmont Park, raised more than $175,000 for the Grayson-Jockey Club Research Foundation. The black-tie event this year honored internationally renowned equine artist Richard Stone Reeves and also paid tribute to Affirmed on the 25th anniversary of his Triple Crown triumph.

NYRA's Schwartz Alleges AG Bungled Report

NYRA's Schwartz Alleges AG Bungled Report

Barry K. Schwartz, NYRA chairman and CEO, issued a scathing response Saturday to the state attorney general's critical report of the association's operations.

AG's Report Suggests NYRA Unfit to Operate Franchise

State officials should consider removing the New York Racing Association as operator of Aqueduct, Belmont Park, and Saratoga racetracks for ignoring and covering up an empire overrun with employee corruption that includes cheating of its customers, New York Attorney General Eliot Spitzer has charged.

Belmont TV Rating Races Away From Other Sports

Belmont TV Rating Races Away From Other Sports

The 1 1/2-hour Belmont Stakes telecast on NBC produced an overnight rating of 10.4, the highest for any horse race since the 1990 Kentucky Derby and the highest for a Belmont since 1987, when ratings were introduced. The overnight rating for the race exceeded overnight ratings for other major sporting events over the weekend.

Belmont Draw: Four Horse in the Cide Pocket

Belmont Draw: Four Horse in the Cide Pocket

Funny Cide, who will attempt to become Thoroughbred racing's 12th winner of the Triple Crown Saturday in the Belmont Stakes (gr. I), will do so from post 4. The Sackatoga Stable star will face five challengers in the 1 ½-mile "Test of a Champion" and was installed the even-money favorite for the race.

Belmont All Wet on Wednesday

The New York area is under a flood watch from the National Weather Service as heavy rains have soaked the area since Tuesday night. Local forecasters have used words like "ugly" and "miserable" to describe Wednesday's forecast.

Belmont's Media Blitz

While track officials are hoping for a record crowd for Saturday's Belmont Stakes (gr. I) to watch Sackatoga Stable's Funny Cide bid for the Triple Crown, they have already set a record...for press credentials.

NYRA Opts for Pre-Race Tests Over Retention Barn

The New York Racing Association has backed away from its plan to have a mandatory stakes barn for the June 7 Belmont Stakes (gr. I), but it will instead take pre-race samples from all horses in the third leg of the Triple Crown.

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