According to a published report, despite growing revenue from increased simulcast handle, the New York Racing Association completed 2001 with an operating loss of $11.3 million, the largest in its history.
Excitement surrounding a fourth attempt at the Triple Crown title in six years, reduced takeout, and good weather are credited with helping Belmont Park establish across-the-board increases in attendance and handle.
Early in a program about the Saratoga season at the National Museum of Racing Monday night, New York Racing Association chairman Barry Schwartz criticized the recent purchase of a majority interest in the Maryland Jockey Club by Frank Stronach's Magna Entertainment.
The New York Racing Association has issued a policy whereby horses that receive shock-wave therapy cannot race for at least 10 days after treatment. Earlier, the California Horse Racing Board ordered restrictions on shock-wave therapy effective July 24.
English-bred Janet, a two-time grade I turf winner last year, faces seven rivals under top weight of 119 pounds in the $250,000 guaranteed New York Handicap (gr. IIT) at 1 1/4 miles over Belmont Park's inner turf course.
Breaking a decades-old policy, the New York Racing Association has changed the purse levels for state-bred and open company maiden and allowance races.
The New York Racing Association has announced it has terminated the 16 pari-mutuel employees who pleaded guilty this week to charges relating to federal tax fraud.
Saratoga's race meet open July 24.
New York Racing Association officials have put in place purse increases for the Saratoga racing season that are expected to push the purses to record levels, surpassing an average $600,000 per day.
The New York Racing Association should know by the end of the week of June 24 if it will receive about $100 million in new loans for a major capital program at its three racetracks, the head of the racing organization said.
A series of racing laws in New York have been extended by state lawmakers, who failed, however, to act on several other items from an industry wish list involving video lottery terminals and off-track betting corporations.
A George IV Silver Gilt Cup and Cover has been donated by F. Gorevic & Son to serve as the permanent trophy for the newly renamed $300,000 Ogden Phipps Handicap (gr. I).
Racetracks in New York have launched a last-ditch effort to extend the operating hours of the state's new video lottery program. The tracks insist they need to let gamblers stay at their facilities longer if they are to turn a profit.
The Belmont Ball, hosted by the New York Racing Association on June 6 at Belmont Park, raised more than $150,000 for the Grayson-Jockey Club Research Foundation.
A senior adviser to New York Gov. George Pataki is joining the New York Racing Association as its new general counsel, officials said June 12.
New York Racing Association chairman and CEO Barry Schwartz said Saturday morning at Belmont Park that he is hoping for one thing -- a crowd of more than 85,818. All indications are he might just get it.
Off-track betting corporations in New York, still upset about being cut out of last fall's major gambling expansion in the state, are making an all-out push for new revenue.
A clubhouse box with six seats on the finish line will be auctioned off at the annual Belmont Ball Thursday, June 6 at Belmont Park. The ball will feature a live auction with eight other items. Proceeds
from the event will benefit the Grayson-Jockey Club Research Foundation.
The National Thoroughbred Racing Association will disburse an additional $350,000 from the NTRA Charities-New York Heroes Fund, including $250,000 to the Silver Shield Foundation on Belmont Stakes Day June 8.
Even as activities proceeded as usual at Belmont Park, the unmistakable buzz in the air continued to grow. It comes around only when a 3-year old has a shot to win the Triple Crown.
Three-year-old Sunday Break is just one of the many top horses expected to compete in four stakes scheduled for the three-day Memorial weekend at Belmont Park in New York.
A deal to extend the New York Racing Association's franchise to run three tracks in the state was approved May 16 by the Senate and Assembly as part of a state budget package. NYRA must have VLTs in operation at Aqueduct by April 1, 2003.
Good weather and lower takeout were credited with producing double digit increases in average attendance and significant gains in average on-track handle at Aqueduct.
New York racetrack officials have angered some government budget negotiators with their push for a more lucrative video lottery terminal program.
In honor of the recent passing of Ogden Phipps, the New York Racing Association decided Wednesday to rename the grade I Hempstead Handicap the Ogden Phipps Handicap.
Belmont Park opens its admission gates for the 55-day Spring/Summer meet on Wednesday when 10 colts and geldings will take the gate for the $100,000 Westchester Handicap (gr. III) going a mile on the dirt.
Trainer Edward Barker was suspended for 60 days after The Conquerer tested positive for a prohibited substance following a third-place finish in a race in mid-January at Aqueduct.
Three former New York Racing Association tellers who offered to launder money to undercover police posing as cocaine dealers pleaded guilty to multiple counts of attempted laundering and conspiracy that could land them lengthy prison sentences.
To end the "destructive competition" and bolster revenues for both entities, the New York City Off-Track Betting Corp. should be merged with the New York Racing Association to create a new industry powerhouse, NYRA chairman Barry Schwartz said.
Plans by the New York Racing Association to build a world-class gambling facility to house video lottery terminals at Aqueduct will have to be shelved because state regulators are requiring tracks to pay too much of the program's expenses.
Jim Gallagher, executive director of the National Thoroughbred Racing Association Racing Integrity and Drug Testing Task Force, will leave the organization March 28 to take the position of vice president of pari-mutuel operations for the New York Racing Association.
The New York Racing Association will again permit coolers to be brought in to all three of its tracks - Aqueduct, Belmont and Saratoga - in limited areas.
The official who is running New York's new racetrack video lottery terminal program said tracks should not expect the state to help with additional funds to cover the costs for installing and operating the VLTs.
Saarland, the colt in search of a race, indicated he is still sharp and ready for some action by breezing a sharp half in :48 at Gulfstream Monday morning.
New York City Mayor Michael Bloomberg has named Ray Casey, who directed the city's Trade Waste Commission, to head New York City Off-Track Betting Corp., the New York Post reported Feb. 21. Bloomberg also said the city wouldn't sell the betting corporation, at least for now.
Despite plans by the new mayor of New York City to delay the sale of New York City Off-Track Betting Corp., the head of the New York Racing Association said he will make a new pitch to purchase the lucrative corporation.
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.
Most Popular Stories
- Lady Eli Sparkles in Belmont Oaks
- American Pharoah to Haskell
- Gimme Da Lute Holds On in Los Alamitos Derby
- Effinex Outlasts Tonalist at Wire in Suburban
- Force the Pass Brilliant in Belmont Derby
- U.S. Pari-Mutuel Handle Down Slightly in June
- Alliseeisgold Wires Cleveland Gold Cup
- Private Zone All the Way in Belmont Sprint
- Speightster Still Undefeated With Dwyer Win
- Coffee Clique Proves Best in James Penny