Tuesday, May 22, 2012
Gov. Andrew Cuomo says a new, temporary board set to run the New York Racing Association will enhance racing while working closely with New York's expansion of gambling.
Tuesday, January 24, 2012
By Ilya Marritz
The state-sponsored not-for-profit that runs the Belmont, Aqueduct, and Saratoga racetracks is taking risks with its own financial future, according to a report by State Comptroller Tom DiNapoli.
Tuesday, January 24, 2012
Today on "The Capitol Pressroom":
See if you can follow this thread… Does New Jersey’s Governor Chris Christie – who we are trying to land an interview with – support the plan to expand gambling on Port Authority land?
It’s an important question since in part, that land is owned by the Port Authority of the State of NY & NJ. It would seem unlikely that the Governor of New Jersey, home to a well-established gambling destination, Atlantic City, would support a proposal that could draw tourists away from the Garden State. Here’s another question about the land that Genting is looking to expand on: Will NYRA, the New York Racing Association support such a move? They also own part of the land that the Port Authority doesn’t. NYRA has been on the sharp end of the Cuomo Administration’s stick on several occasions. In addition, today we may see the results of an audit done by the Comptroller’s office on NYRA. As you may know, the Comptroller and the Governor haven’t seen eye to eye on pension reform.
Today NYS Comptroller Tom DiNapoli joins us to discuss his own priorities for this session, as well as offer up his thoughts on Governor Cuomo’s budget initiatives, including pension reform.
Meanwhile, the Governor did not provide money for foreclosure relief in his budget, although he did assign Ben Lawsky the job of forming a foreclosure commission to look into the problem. Is that enough? We hear reaction from Kirsten Keefe, senior staff attorney with the Consumer Housing, C.A.S.H. and Community Development Unit in Empire Justice Center’s Albany office as well as Hilary Lampishaw, housing counselor at TRIP/ NeighborWorks Alliance NYS.
For show archives, please visit The Capitol Bureau's website here.
Friday, April 29, 2011
By Jim O'Grady
The New York MTA cut the service last year--except for one day in June--to help close a gap in its budget. That one day was the Belmont Stakes, the third leg of the Triple Crown, when tens of thousands flock to the track. Other than that, horse players were left to drive or take the bus.
But then the New York State Racing Association came into a windfall, which it is drawing on to pay for the restored train service.
The shift in the association's fortunes began when New York State shuttered its dozens of Off-Track Betting parlors in December. As a result, attendance at Aqueduct Racetrack, another local venue for thoroughbred racing, jumped by 50 percent — and the handle, or total amount bet on the races, was up 70 percent.
New York Racing Association spokesman Dan Silver said that has been good for the bottom line of his company, which gets 10 percent of all wagers made at the track — more than the 3 percent it was getting from bets made at Off-Track Betting.
Silver said he's expecting a similar surge in attendance at Belmont Raceway during the upcoming spring and summer season.
That's why the association stepped up last week and agreed to pay the $150,000 it will cost to restore Long Island Railroad service to the track. Silver said the investment is worth it to get more customers. Spectators who take the train to Belmont this weekend are getting free admission to the grandstand.
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Monday, July 12, 2010
By Karen DeWitt : NYS Public Radio/WXXI
The New York state Comptroller says the New York Racing Association (NYRA) is once again facing insolvency early next year if a contract to expand gambling at the Aqueduct Race Track is not settled soon.