Keyword: Tom Precious

  • NY Budget Redirects 1% of VLT Purse Funds

    New York lawmakers have approved a measure redirecting 1% of purse enhancements from the state's track-based video lottery terminal program to fund new initiatives to improve equine safety at racetracks.

  • New York Racinos Outpacing Regional Rivals

    Hoping to convince state officials to give them full-blown casino rights, New York's racino operators say their financial performance continues to improve and is outpacing percentage returns of casinos in nearby states.

  • Attorney Selected to Run NY Gaming Commission

    A lawyer with a long racing and gambling regulatory background will become the top executive of the New York State Gaming Commission, a new agency that legally comes to life Feb. 1 to oversee all gambling-related industries.

  • NY Judge Rules Against TRF in Abuse Case

    A New York judge has denied a request by the Thoroughbred Retirement Foundation to block the state attorney general's office from beginning the discovery phase into horse abuse allegations.

  • State Seeks Quick Action on Belmont Parcels

    New York state officials are looking to fast-track development of two under-used parcels at Belmont Park, but are clearly backing away from plans developed four years ago for a possible VLT facility at the site.

  • Slot machines at Aqueduct Racecourse.

    NY Racinos: Payments Outpace Vegas and AC

    New York's racetracks say they contributed more in various tax and revenue-sharing funding during the first six months of the year than the casinos on the Las Vegas strip and Atlantic City combined.

  • Gov. Andrew Cuomo

    Report: NYRA Board Intact Through Saratoga

    Despite Gov. Andrew Cuomo's stinging criticism of its abilities, the New York Racing Association's board of directors will not be replaced before the start of NYRA's financially crucial Saratoga Racecourse meet.

  • Schneiderman Pushing Ahead in TRF Lawsuit

    With affidavits from a whistleblower and a veterinarian, New York State Attorney General Eric Schneiderman is pushing ahead with efforts to oust the board of the Thoroughbred Retirement Foundation.

  • NYRA Fires Hayward, Kehoe Amid Probe

    The New York Racing Association has fired president Charles Hayward May 4 following revelations he may have known the racing group was violating state law by not lowering takeouts on exotic wagers.

  • Catskills Resort Buyer Hoping to Build Casino

    The sale of a former destination resort complex in the Catskills region of New York has been finalized, with its new owners hoping to become casino operators if the state legalizes expanded gambling ventures next year.

  • Will NYRA Casino Revenues Last?

    The New York Racing Association took in $22.1 million in gross revenues during the first three months of the year from its new Aqueduct casino. But the question for NYRA is simple: will it last?

  • New York Set to Enact New Claiming Rule

    In response to recent equine deaths at Aqueduct Racetrack, regulators in New York are poised to adopt a rule voiding claiming race sales of horses that die during a claiming event or are euthanized on-track after a race.

  • New York Budget Calls For Gaming Commission

    State legislators have tentatively agreed to create a New York Gaming Commission to oversee all aspects of gambling in New York, including horse racing, lotteries and Indian-run and racetrack-based casinos.

  • NYRA Complying With Refunds on Overcharges

    The New York Racing Association said it is meeting a state request to refund money by March 30 to as many bettors it could identify that were overcharged when NYRA failed to follow a state law to lower its takeout on exotics.

  • Churchill Downs Retains New York Lobbyist

    At a time when out-of-state ADW operators are facing mounting criticism from some lawmakers and OTB operators in New York, Churchill Downs Inc. has turned to an influential Albany lobbying firm to represent its interests.

  • Rick Dutrow

    Dutrow Granted 30-Day Stay of New York Action

    A day before trainer Rick Dutrow was scheduled to relinquish his license to train horses for at least the next 10 years in New York, a state judge put a temporary hold on the punishment handed down last week.

  • New York Gov. Andrew M. Cuomo

    Cuomo: Non-Indian Casinos in NY Possible

    After 10 years of stalled efforts to locate casinos in the economically depressed Catskills resort region, New York Gov. Andrew M. Cuomo says it may be time for the state to permit non-Indian casinos in New York.

  • NYRA Projects Decrease in 2011 Net Revenue

    The New York Racing Association's net revenue is projected to decrease 3.9% this year while its wages and benefits are up 5%, according to its 2011 budget that was released July 15 by state officials.

  • Aqueduct

    Genting Plan to Finance Casino Approved

    A state panel has approved a resolution that permits Genting New York LLC, the future operators of the Aqueduct casino, to obtain a $225 million mortgage to help finance construction activities at the facility.

  • Cuomo Wants In-State Phone Betting Company

    New York Gov. Andrew M. Cuomo says he does not want to be "disruptive'' to the New York Racing Association, but he still wants the racetrack operator to get an in-state company to run its telephone wagering call center.

  • Off Track Betting

    Suffolk OTB Files for Bankruptcy Protection

    Three months after the closure of the state's largest off-track betting corporation, Suffolk Regional OTB has now gone through with its threat to seek Chapter 9 bankruptcy reorganization protection.

  • New York City OTB

    NY Assembly Approves Lower Purse Surcharge

    The state Senate in New York has approved a measure to pick a new private company to run the closed New York City Off-Track Betting Corp., while the Assembly has backed a bill lowering a surcharge imposed on purses.

  • Richard Dutrow

    Dutrow Suspended 90 Days for Two Infractions

    New York stewards have suspended trainer Richard Dutrow Jr. for 90 days for a positive drug sample in a winning horse from a race at Aqueduct last fall and for possession of hypodermic needles in his barn.

  • Aqueduct Racetrack

    NYRA Attendance, On-Track Handle Increase

    The New York Racing Association got a bump -- for one month, anyway -- in attendance and on-track handle to make up for some of the losses of the closing of the New York City Off-Track Betting Corp.

  • NY Racinos Want Indian Casino Deal Scuttled

    The major racino operators in New York are urging the state's new governor and legislative leaders to scuttle a deal made by former Gov. David Paterson with a Wisconsin tribe for a full-fledged casino in the Catskills area.

  • New York State Racing and Wagering Board chairman John Sabini

    NYSRWB Takes Action in Wake of OTB Shutdown

    The New York State Racing and Wagering Board pushed through new emergency rules to make it easier and quicker for NYCOTB bettors to sign up with internet and phone wagering platforms at the state's other OTBs.

  • Battle Between NYRA, OTBs Resurfaces

    With the future of the New York City Off Track Betting Corp. up in the air, the New York Senate returned to the Capitol to find itself in the middle of a long-standing battle between tracks and OTB corporations.

  • Off Track Betting

    Closing of New York City OTB Delayed

    The New York City Off-Track Betting Corp., facing a shutdown later in the day, was given a four-day reprieve Dec. 3 when the state Senate is due back to consider passage of a bankruptcy reorganization plan

  • Report Critical of Aqueduct Casino Process

    Details of competitors' bids were leaked, timely campaign contributions flowed and key expert advice was ignored when New York officials earlier this year tapped Aqueduct Entertainment Group to run the casino at Aqueduct.

  • Aqueduct Race Track

    Aqueduct Casino Work to Begin Soon

    Genting New York officials, after turning over $380 million in licensing fee payments to the state, said they are prepared to quickly start construction on the Aqueduct casino project.

  • Judge Rejects Aqueduct Casino Bid Challenge

    A legal challenge to stop the current Aqueduct casino bidding process and award the contract to a previous bidder was tossed out by a New York state judge July 29, said state officials who were in the courtroom.

  • New York City OTB President Resigns

    The financially struggling New York City Off-Track Betting Corp. has accepted the resignation of its long-time president, and quickly filled his job with a replacement making nearly 10 times as much.

  • Slot Machine

    Lobbyist Given Info on Other Aqueduct Bidders

    A politically-wired lobbyist for a bidding group that initially won the development rights to the Aqueduct casino project was provided details about competitors' bids by the top Democrat in the New York state Senate.

  • NYC OTB Workers in Line for Pay Hikes

    More than 1,000 unionized workers at New York City Off-Track Betting Corp. are in still in line for pay hikes and severance deals but won't be paid until a long-term agreement is made.

  • Facing Deadline, New York Seeks NYCOTB Fix

    A plan quietly floated to let the New York Racing Association take over management of the internet and phone wagering business at the struggling New York City Off-Track Betting Corp. has been rejected by Gov. David Paterson.