New York Franchise Award Recommendation May Come Nov. 21 [Archive] - Page 4 - Horse Racing Forum - PaceAdvantage.Com

Indulto

12-19-2007, 05:27 AM

... I am not sure as to why they are restricted to Aqueduct, and not allowed at Belmont, though I believe Long Island, or Elmont, opposed them. Why, or if I'm even completely correct, I don't know.Thanks, tlg.

Here's another reaction to Hammond's drivel:

http://leftatthegate.blogspot.com/2007/12/no-news-is-no-news.html (http://leftatthegate.blogspot.com/2007/12/no-news-is-no-news.html)
No News Is No News (http://leftatthegate.blogspot.com/2007/12/no-news-is-no-news.html)

… And the NY Daily News included an opinion column by one Bill Hammond, ... Entitled Hold your horses, governor, it's the latest anti-NYRA editorial by a clueless writer who simply rehashes those familiar themes - scandal, bankruptcy, decreasing attendance, etc., - in simplistic fashion, without any acknowledgment of NYRA's reform efforts and clean bill of ethical health, nor making the slightest attempt to explore the complex reasons behind NYRA's financial situation and its declining live crowds.

As is often the case in these editorials, the writer quickly flaunts his ignorance of the subject.

… That money is of course earmarked for whoever is operating the tracks, NYRA or not, and it's laughable if the writer really believes that either of the for-profits he fancies, Capital Play or Empire, wouldn't receive at least the same share.

The bit about money "earmarked for schools" makes one think that Hammond was reading from a Capital Play bullet points memo. That consortium's relentless attacks, which started up as if on cue as Empire faded away, is clearly having an effect. The audience that their negative TV ad is targeted to - which includes columnists like Bill Hammond - knows little about the subject, and as they read and hear the same points hammered away, with little to no rebuttal from the other side, they accept it as the whole truth.

… I don't expect to read a columnist in one of the top circulated papers in the country merely echo their PR without making any effort whatsoever to explore the details - and questions – behind them.

PaceAdvantage

12-19-2007, 10:55 AM

...without any acknowledgment of NYRA's reform efforts and clean bill of ethical health, nor making the slightest attempt to explore the complex reasons behind NYRA's financial situation and its declining live crowds.And it's odd when you think about it, because newspaper editorials these days are usually filled with folks attempting to explore complex reasons behind situations, looking for justifications or rationals or plain excuses....except when it comes to this....this is cut and dried NYRA=EVIL.....

Nah....no underlying bias or motive here....nah.....

Indulto

12-19-2007, 04:33 PM

http://www.thoroughbredtimes.com/national-news/2007/December/19/No-plan-in-place-for-New-York-racing-if-NYRA-declines-extension.aspx (http://www.thoroughbredtimes.com/national-news/2007/December/19/No-plan-in-place-for-New-York-racing-if-NYRA-declines-extension.aspx)
No plan in place for New York racing if NYRA declines extension
by Paul Post

… there is no one ready to step in if NYRA does not accept a temporary extension, board chair Carole Stone said on Tuesday.

On Monday, the panel offered NYRA an extension while state leaders work out details to a final racing agreement. NYRA says its attorneys are reviewing the proposal.

“We do not have an alternate operator selected or in mind,“ Stone said. “I don’t know why they [NYRA] would decline. We want to get something in place this week if possible.

… The deadline is only 12 days from now and Stone said the board has not even figured out the legal steps needed to select an alternate track operator.

“We‘re sorting through the process,” she said.

… Current oversight board members are highly respected in their primary fields of law, finance, and accounting, but none have extensive personal experience in racing. Most observers believed the board was putting skilled racing leaders in place to take over if NYRA did not get a franchise renewal or could not agree to an extension for legal reasons.

It is clear from Stone’s revelation on Tuesday, however, that the oversight board itself is not ready to conduct racing and may have fallen short in its responsibility by failing to have an alternate track operator ready to step in and take over.http://www.democratandchronicle.com/apps/pbcs.dll/article?AID=/20071219/NEWS01/712190359/1002/NEWS (http://www.democratandchronicle.com/apps/pbcs.dll/article?AID=/20071219/NEWS01/712190359/1002/NEWS)
N.Y. racetracks seek bigger share of gambling profits
By Joseph Spector… Track officials attributed the growth to the low amount of competition in their area, as Batavia Downs is able to draw patrons from eastern Buffalo to western Rochester.

"In this business of local 'racinos,' convenience and close proximity is the number one factor," said Martin Biniasz, director of marketing at Batavia Downs.

… Even Yonkers Raceway, the state's largest video-lottery-terminal parlor, has failed to meet expectations, despite its proximity to New York City, analysts said.

… Assemblyman Gary Pretlow, D-Mount Vernon, Westchester County, who heads the racing committee, said he favors the new formula. A boost to the tracks would mean more amenities there and thus more players, which would result in bigger profits for the state, he said.https://www.blogger.com/comment.g?blogID=8711985&postID=5206431027916119972 (https://www.blogger.com/comment.g?blogID=8711985&postID=5206431027916119972)
… Glimmerglass said...

… GE Capital was fully prepared to loan NYRA a huge amount of money in Chapter 11 [until the State coughed up the dough] using the track land as collateral. If their legal department didn't think strong merit was there for them to assert possession no way GE would've touched it. As we know NYRA as part of the renewal deal was going to drop its right of claim to the land. If NYRA was awarded just say a 5-year management of the tracks I would advise them to not give up that mega bargaining chip for that paltry duration. …

... Anonymous said...

… GE Capital had no risk. For the debtor-in-possession financing to be effective, the bankruptcy court would have to approve it and GE Capital would have received a priority interest. Enter land claim again. By the way, NYRA trustee Dennis Dammerman headed GE Capital, didn’t he? …

Spendabuck85

12-19-2007, 06:29 PM

Local news station WNYT is reporting that Carole Stone has resigned as Chairperson of the Oversight Board but will remain as a member, and that Madeline Wills has resigned from the board. Both were Pataki appointees.

I did not catch the name of the new Chairperson.

weegee

12-19-2007, 06:35 PM

The Times Union blog at http://blogs.timesunion.com/capitol/ is reporting that she was replaced by "Silver nominee Steven Newman, a former top aide to Alan Hevesi as first deputy New York City comptroller". Stone said she did not know this was coming.

the little guy

12-19-2007, 06:49 PM

The battle is over.

Indulto

12-19-2007, 08:49 PM

The battle is over.I don't know if Ms. Stone is fat, but she sure wasn't singing.

http://www.drf.com/news/article/91095.html (http://www.drf.com/news/article/91095.html)
Spitzer gets his man
By MATT HEGARTY

Carole Stone, the chairwoman of the New York Non-Profit Racing Association Oversight Board, resigned Wednesday at the request of Gov. Eliot Spitzer, who cited the board's potential role in negotiating a temporary extension of the franchise held by the New York Racing Association.

In her place, Spitzer appointed Steven Newman, the former first deputy comptroller of the city of New York. Stone, an appointee of former Gov. George Pataki, will remain on the five-member board, and Madelyn Wils will step down.

The move by Spitzer came two days after the oversight board passed a resolution authorizing the chairwoman to negotiate with NYRA on a temporary extension to its franchise, which expires at the end of this year. In a statement, Spitzer's office said the governor "believed it would be best for his appointee to have that responsibility, so he would be accountable for any determination that is made in this regard." …Still 3 Reps to 2 Dems. It ain't over 'til it's over.

the little guy

12-19-2007, 08:55 PM

I don't know if Ms. Stone is fat, but she sure wasn't singing.

http://www.drf.com/news/article/91095.html (http://www.drf.com/news/article/91095.html)
[color=windowtext]Still 3 Reps to 2 Dems. It ain't over 'til it's over.

It's over. Focus on the right given to the chairman to negotiate with NYRA for the extension. If the Fat Lady is still singing it's an encore.

Indulto

12-20-2007, 12:40 AM

It's over. Focus on the right given to the chairman to negotiate with NYRA for the extension. If the Fat Lady is still singing it's an encore.:lol:
http://www.newsday.com/news/local/wire/newyork/ny-bc-ny--racingfranchise1219dec19,0,4962511.story (http://www.newsday.com/news/local/wire/newyork/ny-bc-ny--racingfranchise1219dec19,0,4962511.story)
Spitzer appoints new head of racing franchise board
By RICHARD RICHTMYER… John McArdle, a Bruno spokesman, said Spitzer's appointment isn't a great concern.

"Our concern is not with the oversight board but with an ultimate agreement that can be reached," McArdle said. "We still believe that is going to happen."

… Newman, currently vice president for finance and chief operating officer of Medical Health Research Association, a non-profit public health service in New York City, was New York City's deputy comptroller from 1994 through 2000.Does this mean that NYRA will be able to sign contracts with ADWs?

the little guy

12-20-2007, 08:14 AM

They always were going to be able to sing up with whomever.

freddymo

12-20-2007, 10:51 AM

I was referring to slot players.

I could probably argue all sides in the slot debate. Unfortunately, it has become imperative, especially on the East Coast, and Northeast, to have slots to remain reasonably competitive. And, for all the Harness Tracks in NY State to have had slots for years now, and NYRA prevented by a vindictive Pataki, seems borderline criminal. Obviously Pataki, and his constituents, didn't want NYRA to have the strength slots would have given them, but in the meantime they have cost the horsemen and owners a lot of money, as well as the taxpayers. There is no moral stance for them as the other tracks were given the go-ahead.

Are they viable as a long-term solution to racing? That's hard to answer. If they provide the short-term revenue to upgrade your product and hopefully allow NYRA ( or any racing organization ) to move in the proverbial right direction, whatever that nebulous concept may be, then their long term merits become less relevant. If racetracks rely on them as a crutch they will continue to make the same mistakes of the past.....and then their long-term merits become important. So, to me, it is imperative to have a concrete plan as to how you are going to best put those dollars to use in the immediate future. What exactly this is I do not specifically know. However, nobody is paying me the big bucks, or even the small bucks, to come up with those answers.

I am not sure as to why they are restricted to Aqueduct, and not allowed at Belmont, though I believe Long Island, or Elmont, opposed them. Why, or if I'm even completely correct, I don't know.

Not sure how keeping people (New Yorkers) from destroying there lives and losing their money is a bad thing for the state to restrict or delay(not that the state delayed the slots for these reasons). Slots are crimnal and do way more harm then helping. I can't imagine that helping a few thousand horseman make a better living is worth slealing millions of dollars from the people.The whole lottery system save the huge jackpots are basic violations on what government is suppose to do. Government was created to protect not to disable people..

As much as I love racing I still think slots are a horrible way to defer it's continued demise.

the little guy

12-20-2007, 12:38 PM

freddymo

12-20-2007, 03:57 PM

VLT's/Slots are marketed to and abused by people who simply can not afford to lose money without having major damage done to their lives.You don't see too many high net worth people rushing with 200 bucks to kill an hour. instead you see honest hard working and overextented people chasing a RIGGED game. Whatever the just or unjust reasons Aqueduct has not gotten slot/VLT's I am happy for the people that they didn't get ripped off.Sorry for the horseman and the cronies at NYRA but thousand of people are better off without those cheating machines fn up their lives.

Cut the stakes money as much as possible and perhaps have the breeders and owners fund their own party with more aggressive fees. You want to race at the G1/G2 level let it be on the owners and breeders nickel. Figure out how to survive on your own product and stop leaching off the raping off people. The fact of the matter is nobody at NYRA or any other potential suitor gives two shits about the lives slots are going to ruin. All they care about is either the bottom line (not a bad thing for a real business) or Keeping their jobs and feeding the old boy network. The concept of ruining thousands of peoples lives so Gary Contessa can earn 35% more money is ridiculous. Is the little trainer or small owner going to truly be so positively impacted by a race with slot assisted purse of 47k vs. the 35k they are running for? Poor people dont buy horses poor people play that idiot rigged game and lose and lose and lose. it makes a lot more sense to me to purge the business get rid of the weak hands and just consolidate and reinvent your sport.

Indulto

12-20-2007, 05:45 PM

FM.
I thought I remembered you from the "Smear" thread:
NYRA may have good people involved now and we all know Crist is calling all the shots. Instead of doing it from the sidelines Crist should just announce that he has a new group with money behind him and just make a bid. BTW if he had the right financing he most likely could really help NY racing and turn it around. This back door mgt. is suspect IMO.

NYRA has been horrible apparently the current supporters want everyone to believe the past will not be part of the future? Non profit organizations arent necessary for good business to developYou have some very interesting ideas.VLT's/Slots are marketed to and abused by people who simply can not afford to lose money without having major damage done to their lives.You don't see too many high net worth people rushing with 200 bucks to kill an hour. instead you see honest hard working and overextented people chasing a RIGGED game. Whatever the just or unjust reasons Aqueduct has not gotten slot/VLT's I am happy for the people that they didn't get ripped off.Sorry for the horseman and the cronies at NYRA but thousand of people are better off without those cheating machines fn up their lives.I wouldn't be above using your argument to keep slots out of BEL and eventually conduct all downstate racing there, but what evidence do you have that VLTs and lotteries are any more deleterious to society than alcohol, for example? Any form of gambling is subject to abuse, and most gambling addicts find some form of it to do so. You could add dime supers to your list and the new "Super High Five" as well. What are the chances an AQU slotsplayer will have never before engaged in some form of gambling?Cut the stakes money as much as possible and perhaps have the breeders and owners fund their own party with more aggressive fees. You want to race at the G1/G2 level let it be on the owners and breeders nickel. Figure out how to survive on your own product and stop leaching off the raping off people. The fact of the matter is nobody at NYRA or any other potential suitor gives two shits about the lives slots are going to ruin. All they care about is either the bottom line (not a bad thing for a real business) or Keeping their jobs and feeding the old boy network. The concept of ruining thousands of peoples lives so Gary Contessa can earn 35% more money is ridiculous. Is the little trainer or small owner going to truly be so positively impacted by a race with slot assisted purse of 47k vs. the 35k they are running for? Poor people dont buy horses poor people play that idiot rigged game and lose and lose and lose. it makes a lot more sense to me to purge the business get rid of the weak hands and just consolidate and reinvent your sport.Maybe you're on to something here. :ThmbUp:

NYP, you've suggested that high-end slotsplayers are sufficiently prevalent to warrant "destination" development. Any comment?

Indulto

12-20-2007, 06:37 PM

http://news.bloodhorse.com/viewstory.asp?id=42830 (http://news.bloodhorse.com/viewstory.asp?id=42830)
NYRA Oversight Panel Has New Chair
by Tom Precious

… Republicans had believed Stone might be more sympathetic to their position. Newman, who is tight with Silver, a usual ally of the governor, seems to change that dynamic, though not the overall partisan split on the board.

However, the board chairman was given unusually strong powers the week of Dec. 16. The oversight panel approved a resolution to permit NYRA to continue operating racing Jan. 1 on a temporary basis until the franchise issue is resolved.

… “Given the importance of that decision, the governor believed it would be best that his appointee have that responsibility, so he would be accountable for any determination that is made in this regard,’’ said Paul Francis, the governor’s budget director who has been involved in the franchise negotiations.

… “It’s going to be a real compromise–not ours, not theirs,’’ Bruno said Dec. 19 of the talks. He would only say the final deal, if it comes together will involve NYRA and other outside companies being involved in the deal.

… Francis is optimistic. “Many differences have already been resolved, and the governor is hopeful that any remaining issues can be resolved by the end of the year so that a deal can be presented to the legislature in early January that will ensure the continuity of racing in New York,’’ he said.http://www.timesledger.com/site/news.cfm?newsid=19133202&BRD=2676&PAG=461&dept_id=542415&rfi=6 (http://www.timesledger.com/site/news.cfm?newsid=19133202&BRD=2676&PAG=461&dept_id=542415&rfi=6)
Oversight board may take reins at Aqueduct
By Howard Koplowitz… State Assemblywoman Audrey Pheffer (D-Rockaway Beach) said the Assembly was "in heavy negotiations" with Spitzer and the Senate on a resolution to the franchise issue.

"I think if all goes well, there could be a handshake deal by the end of the year," Pheffer said, noting that she was "not going to get too excited" about the oversight board's resolution because it may be a moot point.

Bruno spokesman Scott Reif said the senator has been calling on Spitzer to hold meetings with state leaders to come up with a franchise agreement, but the governor has not responded.

… He said that senior-level staffers with the governor and senate majority have been discussing horse racing behind closed doors.

"We're hopeful that we will get a framework done by the end of the year," he said.Spitzer is probably wise to avoid giving Bruno another public name-calling opportunity.They always were going to be able to sing up with whomever.It had been reported that NYRA could not go forward with any ADW contracts until they were either awarded the franchise or received an extension. I thought the question was reasonable since while NYRA's status remained in limbo, they were still apparently engaged in negotiations with ADWs.

the little guy

12-20-2007, 07:15 PM

It had been reported that NYRA could not go forward with any ADW contracts until they were either awarded the franchise or received an extension. I thought the question was reasonable since while NYRA's status remained in limbo, they were still apparently engaged in negotiations with ADWs.[/font]

You're not using the common sense you have in abundance......they can't negotiate contracts going forward when they don't have a contract going forward. However, once they have any kind of extension they can negotiate contracts going forward.

I was saying that assuming they will have an extension.

Indulto

12-20-2007, 09:54 PM

You're not using the common sense you have in abundance......they can't negotiate contracts going forward when they don't have a contract going forward. However, once they have any kind of extension they can negotiate contracts going forward.

I was saying that assuming they will have an extension.Thanks, I think. No one has ever accused me of having common sense before. ;)

However, you are merely stating the obvious; probably because in your mind, "it's over." In fact it's not over as long as Bruno and those who kiss his, ah ... ring in the Senate refuse to grant supporting legislation. For all we know the Silver Fox feels more pressure from those who enrich him than from those who elect him.

One of Bruno's latest "monkey wrenches" has been an attempt to control of NYRA's signal which suggests that a) even if NYRA accepts a temporary extension, optimal long-term agreements beneficial to NYRA aren't possible, and b) a certain ADW representative may be lobbying Bruno.

Just to rid myself of your "common sense" curse, I predict there will be some "dark days" in January if NYRA does not get out of Bankruptcy on December 27. ;)

OTOH a Bruno recall petition will probably start circulating on the day they go dark.

the little guy

12-20-2007, 10:33 PM

bigmack

12-20-2007, 10:53 PM

I just want to take this opportunity, Indulto, to personally thank you for perhaps the greatest job in internet history in keeping yourself and many others abreast of an endless and confusing situation.
I echo that sentiment, Duelto. As this imbroglio has marched at the typical beuraucratic dilatory pace, you've been Herculean in your updates that some of us read with interest, though remain confounded beyond belief. Tanks.

NYPlayer

12-20-2007, 11:49 PM

NYP, you've suggested that high-end slotsplayers are sufficiently prevalent to warrant "destination" development. Any comment?

It's doubtful there are many upper middle class or wealthy people who would play slot machines. It seems to me they would prefer baccarat, 21, or maybe the dice.

I think it's correct to assume that most slot players are from the working class. However, I disagree with the idea that slot players are causing themselves serious financial hardship. How much can you possibly lose playing penny and nickle slot machines that pay back 92 cents of every dollar? What ought to concern people more is how the working class is doomed to lose the financial game in the end anyway, no matter how prudent they are with their money.

I've known people that earned a decent living who enjoyed playing slot machines, and there are plenty of weathly people who enjoy gambling in general. So here, Indulto, is another cliche - If you build it, they will come.

Indulto

12-21-2007, 01:51 AM

I echo that sentiment, Duelto. As this imbroglio has marched at the typical beuraucratic dilatory pace, you've been Herculean in your updates that some of us read with interest, though remain confounded beyond belief. Tanks.BgM,
Glad you found it as interesting as I do. I always look for any post of yours to brighten the day with laughter. If there were a prize for most guffaws generated per pixel, I’m sure you’d win it hands down. And who else ever dueled the toester into emission?

Happy holidays.

Indulto

12-21-2007, 02:45 AM

I just want to take this opportunity, Indulto, to personally thank you for perhaps the greatest job in internet history in keeping yourself and many others abreast of an endless and confusing situation. On an issue that few have been ever able to see the truth through a haze of personal animus, you have remained neutral and forever open to any and all possibilities. If there was an eclipse award for internet posting you would win unopposed. OK, Ken Wood would be the distant second finisher, but you get my drift.

I suppose a lot of things are remotely possible....but I have a hard time believing Bruno's deceitful attempt to negotiate simulcast rights was one of them. Follow the logic....it would only bury him in the end. But, I respect your right, more than anyone else's, to entertain all possibilities.

It's time to think about life after the final decision. My suggestion? Have you considered volunteer work? With the gusto you have shown here there is little doubt you could help many with even a small amount of effort. You already have.tlg,
Happy holidays.

Hopefully we’ll both be busy in the coming year, but to paraphrase Orwell, some of us are more welcome than others, even as volunteers.

My interest has sustained itself for more than a year because as BgM put it, I was “confounded beyond belief.” The twists, the turns, the politics, the deception, the avarice, the chutzpah (see, I can do it too ;)). Who could ask for more. The added benefit of pursuing all versions of the saga I could find were the surprising interpretations and contradictions I encountered. Some of them seemed worth sharing.

The "drift" of your "complimentary" post hasn't escaped me. Of course I’ve never been neutral. I’ve consistently supported the idea that NYRA should continue to run SAR and BEL and all graded events on the NY stakes calendar without installing slots on the premises.

I’ve listened carefully to other contributors to this thread as well. NYRA does have to change in ways it probably would not do on its own. One of them is to take the lead in treating all horsplayers with the respect they deserve and as equally important players in the game as the horsemen. They will have to pay for maligning Baeza (and his co-defendant), and that misjudgement is only one of those justifying reconstitution of the board of directors. IMO their stewardship of AQU was worth questioning as well as its continuation as a venue for live racing.

I'm confident our cyber-paths will cross sparkingly on other topics once the franchise is actually renewed. I'm sure the high information content of your contributions to this thread kept people here checking in -- even during your extended absences.

Finally, in reflecting on what is remotely possible, I hope that in your life, you haven’t had to learn that “Nothing is ever so bad that it can’t get worse.”

Indulto

12-21-2007, 02:57 AM

It's doubtful there are many upper middle class or wealthy people who would play slot machines. It seems to me they would prefer baccarat, 21, or maybe the dice.

I think it's correct to assume that most slot players are from the working class. However, I disagree with the idea that slot players are causing themselves serious financial hardship. How much can you possibly lose playing penny and nickle slot machines that pay back 92 cents of every dollar? What ought to concern people more is how the working class is doomed to lose the financial game in the end anyway, no matter how prudent they are with their money.

I've known people that earned a decent living who enjoyed playing slot machines, and there are plenty of weathly people who enjoy gambling in general. So here, Indulto, is another cliche - If you build it, they will come.Very thoughtful post, NYP. I hope there's an Erector Set under your tree.

Happy Holidays.

aaron

12-21-2007, 08:52 AM

the little guy

12-21-2007, 09:01 AM

freddymo

12-21-2007, 09:38 AM

It's doubtful there are many upper middle class or wealthy people who would play slot machines. It seems to me they would prefer baccarat, 21, or maybe the dice.

I think it's correct to assume that most slot players are from the working class. However, I disagree with the idea that slot players are causing themselves serious financial hardship. How much can you possibly lose playing penny and nickle slot machines that pay back 92 cents of every dollar? What ought to concern people more is how the working class is doomed to lose the financial game in the end anyway, no matter how prudent they are with their money.

I've known people that earned a decent living who enjoyed playing slot machines, and there are plenty of weathly people who enjoy gambling in general. So here, Indulto, is another cliche - If you build it, they will come.
NYP I think you are grossly underestimating how much money folks are capable of losing on dime slots.

Indulto

12-21-2007, 01:50 PM

Indulto-
I applaud your work. You have kept everyone well informed. I have always thought NYRA as an organization has been incompetent and acted has a patronage organization for the politicians. With that said,I have not seen any organization come forth with a plan that would benefit the player,so perhaps renewing NYRA is the lesser of the evils. People point to the new NYRA,as being competent,and perhaps they will show leadership and improve the facilities once there hands are untied. Only time will tell.A2,
Thanks for the kind words. The beauty of this forum is that posters like ourselves who disagree from time to time can still influence each other. I haven't been to AQU for a long time, but you helped give me a sense of it through a fellow outsider's eyes. I attended most of Dr. Fager's races there, and I won my last live bet there on True Knight over Forego.

Happy Holidays.

Indulto

12-21-2007, 02:14 PM

I understand that you have supported NYRA, but I don't think you did so with any kind of original agenda, and probably did moreso because of how much you researched the situation. There was no " drift " intended....and my words were sincere.tlg,
I’m sure your words were sincere. As was my holiday greeting. You and I suffer from miscommunication. One example is the interpretation of the word “drift” which you introduced, and which seems to have assumed multiple meanings across at least three posts. :bang:

Another example is the bolded portion which challenges my reading comprehension. I’m not sure what you mean by “original agenda,” but if I had one, it would have been to preserve Saratoga which captured my imagination and made me a life-long racing fan. I don’t believe I was posting here yet when FONYR announced its existence with funding from MEC and CDI. My initial warning-light alarm turned into a “Fear of Friends” upon reading Crist’s column referring to “foxes guarding the hen house.” :cool:

It was actually the emergence of Empire and its energetic engaging in artless deception that put me on the case. At that point, I started reading everything I could find on-line on the subject. Despite our personality clashes, I had great respect for your willingness to speak out frankly on ATRAB. Though I joked about it at the time, I regarded your on-air clash with Fox and Contessa as the high point because you were saying what had to be said when no one else was saying it openly. I can only imagine their peril had they been eating hot dogs. ;)

You and I have different perspectives of the game. You’re a “player;” I’m a “fan.” You’re an industry insider; I’m a way out there outsider. You view racing’s evolution from a sport/entertainment business into an investment market/tax revenue generator positively; I view it negatively. You see the AQU winter meet as a betting opportunity; I see it as unnecessary exploitation of man and beast. I suspect we provide each other a service in attempting to balance those perspectives. :ThmbUp:

Indulto

12-21-2007, 04:23 PM

http://news.bloodhorse.com/viewstory.asp?id=42856 (http://news.bloodhorse.com/viewstory.asp?id=42856)
NYRA Oversight Chair: No Guarantees
by Tom Precious

The new head of a state government panel that will oversee Thoroughbred racing in New York as of Jan. 1, 2008, said he could not guarantee that horses will be running at Aqueduct in two weeks. “I don’t think you can ever be certain of anything,’’ …

… But Newman, who comes to the job with no background in racing, said all sides including Spitzer, legislative leaders, and the industry, are working to prevent racing from shutting down after Dec. 31 when the New York Racing Association franchise expires.

… “It’s clearly in every party’s interest that it occurs,’’ he said of continuing racing on a temporary basis while the sides continue negotiations on the future of the franchise. “That doesn’t mean that sometimes people perceive their interest to be different from what’s logical, and it doesn’t mean that personalities don’t get in the way sometimes.”

... Newman said there are several possibilities of how the stalemate could be resolved. He said Spitzer and legislators could come to a handshake deal on a long-term franchise extension before Dec. 31, and then have the legislature return, as scheduled, in early January to ratify it. The oversight board would still take over racing until ratification.

… NYRA is operating under bankruptcy protection. It has a scheduled hearing before the federal judge Dec. 27, a session Newman said could provide an impetus for the sides to strike a deal.

“A motivation on all the people’s part should recognize the judge has an important role and is an independent actor in this,” he said. “The best way to show up at court is with a done deal for the judge to review. The likelihood of that is clearly an open question.’’

… Newman said he is convinced all sides want a resolution. “All parties to this are actively working at this everyday,’’ he said. “There’s nobody sitting around waiting for somebody else to do something or change their minds. There are constant discussions.’’

Spendabuck85

12-22-2007, 03:42 PM

http://www.drf.com/news/article/91141.html

From DRF.com
By MATT HEGARTY
A financial reorganization plan submitted by the New York Racing Association has been approved by 97 percent of its creditors, NYRA officials said on Saturday.

Court approval of the plan hinges on political negotiations involving a long-term extension of NYRA's franchise, which expires at the end of the year. Without a political agreement to extend the franchise that aligns closely with the terms of the reorganization plan, the bankruptcy court would likely put aside the plan until an agreement can be worked out. If a deal does not mirror the reorganization plan, the plan would likely be scrapped.

Indulto

12-23-2007, 09:49 PM

The following requires a DRF paid subscription, but tlg has said he would try to get permission to publish this in its entirety:

http://www.drf.com/drfNewsArticle.do?NID=91156 (http://www.drf.com/drfNewsArticle.do?NID=91156)
A down-to-the-wire disgrace
By STEVEN CRIST
... And that's the good scenario. The other one is that everything blows up between now and Monday. The NYRA has a key bankruptcy hearing on Thursday and is not going to back away from its pivotal claim that it owns the tracks in exchange for only a short-term extension. Joe Bruno, the state senate leader who has been singlehandedly blocking an agreement between NYRA and the state, continues to insist on involving failed franchise bidders in future track operations, firing NYRA board members he personally dislikes, turning racetrack functions such as simulcast sales over to bureaucrats, and holding NYRA to unrealistic benchmarks designed to make it fail. Whatever items among these bad ideas are reluctantly but inevitably thrown to Bruno as concessions for his blessing will only be further steps backwards for the industry. …tlg,
Has your buddy taken any of the action you offered? ;)

Indulto

12-24-2007, 07:10 AM

http://leftatthegate.blogspot.com/ (http://leftatthegate.blogspot.com/)
"Old News At The Track"
- That's the latest of what I'm being told about a 90 day extension of NYRA's franchise. "Everybody at the track is aware of the agreement," is what I was told by the reader, who was on the backstretch today. Why an announcement would be delayed, I can't say; perhaps to announce it on a certain day - Xmas eve, or maybe when they appear at court on Thursday. Or maybe there are still some details to work out. But I was told it's a "done deal."http://www.horseraceinsider.com/blog.php/At-the-Races/comments/the-cart-has-overtaken-the-horse/#comments
The cart has overtaken the horse
By Paul Moran
… Bruno’s other demand is that the NYRA board resign en masse. It should be noted before this suggestion is entertained that several members of the board are appointed by various elected officials and the difficulties that have come to a watershed in recent years are the result of the benign neglect of those who were trustees decades ago.

The gridlock in Albany that threatens to bring racing to a standstill in little more than a week is no longer about NYRA. Nor does it have anything to do with video lottery terminals. It is about overblown egos It is about mine is bigger than yours. It is about political power, which is defined by the amount of patronage under the control of a few. It is about who gets to appoint whom to what and how many.

Indulto

12-24-2007, 09:37 PM

http://leftatthegate.blogspot.com/ (http://leftatthegate.blogspot.com/)
Sunday Morning Notes - Dec 23" (http://leftatthegate.blogspot.com/2007/12/sunday-morning-notes-dec-23.html)
Comments
… Anonymous said...
Both the creditor's committee and the IRS objected to the NYRA bankruptcy Plan, and particularly the inadequate Plan Supplement. It's a matter of public record. If I am ever in real trouble, I hope the public relations firm that Ed Lewi runs will "spin" the truth and make it look like I am the victim. The DRF is nothing but a Lewi influenced dishrag of a publication, as it is the one that most frequently distorts the real story with the NYRA.

the little guy

12-24-2007, 10:12 PM

" Anonymous " now joins the large group of massively insane.

Indulto

12-25-2007, 02:48 AM

http://www.derbytrail.com/ (http://www.derbytrail.com/)
NERUD: No Stilling Racing's Greatest Voice
by Steve Byk

… He has a simple plan that can make the franchise work:

1.) Build a new state of the art, all season Belmont Clubhouse/Grandstand/VLT parlor on the backstretch side (Southern Exposure) of the track with main, turf and synthetic surface ovals;
2.) Race at Aqueduct while the new Belmont is being built and then sell the Big A to developers to pay for the reconstruction;
3.) Race 10 months at Belmont; 2 months at Saratoga;
4.) Incorporate the OTB operations into the franchise.DT,
Very interesting piece. Did he provide any details as to HOW to incorporate the OTBs into the franchise?

Indulto

12-25-2007, 03:43 PM

http://timesunion.com/AspStories/story.asp?storyID=650076&category=FRONTPG&BCCode=HOME&newsdate=12/25/2007 (http://timesunion.com/AspStories/story.asp?storyID=650076&category=FRONTPG&BCCode=HOME&newsdate=12/25/2007)
Racing board's chief expects deal
Latest appointee to panel predicts NYRA employees will return to their jobs, winter racing will resume
By JAMES M. ODATO

ALBANY -- The new head of the board authorized to take over Aqueduct, Belmont and Saratoga thoroughbred tracks in seven days predicted Monday that the 1,300 employees of New York Racing Association will have jobs and the 5,000 owners of New York-bred horses will have a winter competition in Queens.

… Newman said Spitzer's lawyers and officials with the Legislature are continuing talks aimed at a deal to let NYRA continue operating the tracks, and he's optimistic a deal will be in hand before the end of the week. "Negotiations will resume on the 27th," he said.

He said he has been involved in numerous discussions with representatives of the Assembly and Spitzer's office about the matter.

… He would not say whether he has begun working out terms for NYRA to be granted operating rights until the Legislature ratifies a bill the week of Jan. 7. He said he has had several discussions with the oversight board's lawyer, Alan Kornberg. Kornberg declined a request for an interview.

… Officials familiar with the private negotiations in the Capitol say the parties have yet to sign off on terms of a deal.

… Spitzer's negotiators have been pushing to delay talks about allowing VLTs at Belmont Park until budget negotiations during the first quarter of 2008.

NYRA officials declined to discuss the matter. The association said Saturday that 97 percent of NYRA's private creditors approved its bankruptcy reorganization plan.

… NYRA President Charles Hayward would not comment on the 3 percent of the creditors who voted against the plan. But Plainfield Asset Management, financial partners of one of NYRA's competitors for the franchise, Capital Play LLC, purchased about $500,000 of NYRA debt in an attempt to have standing in the bankruptcy case. It likely voted against the plan, a Capital Play official said.

Indulto

12-26-2007, 06:33 PM

http://www.pionline.com/apps/pbcs.dll/article?AID=/20071226/FREE/298357268 (http://www.pionline.com/apps/pbcs.dll/article?AID=/20071226/FREE/298357268)
PBGC seeks to terminate NYRA plan

… PBGC asked a federal court today to terminate the pension plans of the New York Racing Association Inc., …

… The racing association, which filed for Chapter 11 bankruptcy protection on Nov. 2, 2006, has five pension plans that are about 66% funded, with combined assets of about $137.3 million to cover benefit promises of about $208.8 million. …http://www.chron.com/disp/story.mpl/ap/fn/5405095.html (http://www.chron.com/disp/story.mpl/ap/fn/5405095.html)
Court Urged to Reject NYRA's Ch 11 Plan
By The Associated Press … Creditors of the New York Racing Association are urging a bankruptcy court not to confirm the ailing horse-racing organization's Chapter 11 plan.

NYRA's unsecured creditors, the Internal Revenue Service, the Pension Benefit Guaranty Corp. and other creditors argued that key elements of the plan, such as borrowing $75 million from the state of New York to repay creditors, is contingent upon receiving approval by the state legislature _ a feat that is unlikely to occur before the bankruptcy court confirmation hearing on Thursday.

… Plainfield Special Situations Master Fund Ltd., …
… it's time for the bankruptcy court to let creditors propose alternative reorganization plan for the horse-racing association.

… The unsecured creditors committee said it's "hopeful" NYRA will be able to secure the state legislature's approval or obtain financing that isn't subject to the legislative process but will allow the horse-racing association to meet its obligations under the plan.

However, the creditors committee said "such optimistic beliefs about what the future may hold are no substitute for concrete evidence that NYRA's plan is commercially viable."

Spendabuck85

12-26-2007, 07:18 PM

http://www.drf.com/news/article/91190.html

A hearing scheduled for Thursday in U.S. Bankruptcy Court to consider the reorganization plan approved by the creditors of the New York Racing Association was postponed to allow political negotiations on NYRA's racing franchise to go forward.

NYRA agreed to the postponement with the condition that a hearing be scheduled between Jan. 10 and Jan. 15, Rosen said.

Indulto

12-26-2007, 07:34 PM

http://www.drf.com/news/article/91190.html
From that article:

NYRA bankruptcy hearing delayed
By MATT HEGARTY... Brian Rosen, NYRA's bankruptcy attorney, said that NYRA asked for the adjournment so that the bankruptcy proceedings would not have an impact on a meeting scheduled for Thursday with New York Gov. Eliot Spitzer, assembly speaker Sheldon Silver, and senate majority leader Joseph Bruno. The three were scheduled to meet to discuss how to deal with NYRA's franchise, which expires at the end of this year. Negotiations are ongoing on either a temporary or long-term extension. …

Indulto

12-27-2007, 02:16 PM

I was a little surprised to see this published in Mr. Bruno's neighborhood:

http://www.saratogian.com/WebApp/appmanager/JRC/BigDaily?_nfpb=true&_pageLabel=pg_article&r21.content=%2FMAIN_REP%2FArticle%2F2007%2F12%2F24 %2F1318226 (http://www.saratogian.com/WebApp/appmanager/JRC/BigDaily?_nfpb=true&_pageLabel=pg_article&r21.content=%2FMAIN_REP%2FArticle%2F2007%2F12%2F24 %2F1318226)
2008: Hey you never know
By Jeff Scott

As the 2007 horse racing season staggers toward the finish line, with no guarantee that racing will continue in New York after Dec. 31, here are a few things that may (or may not) happen in 2008:

… June - NYRA announces its surprising choice as the subject of this year’s bobblehead doll giveaway at Saratoga Race Course - state Sen. Joe Bruno. The entire shipment is returned to China, however, when it is discovered the dolls all have their heads screwed on backwards. …

Indulto

12-27-2007, 04:30 PM

http://polhudson.lohudblogs.com/2007/12/27/nyra-gets-temporary-extension/ (http://polhudson.lohudblogs.com/2007/12/27/nyra-gets-temporary-extension/)
NYRA Gets Temporary Extension
by Joseph Spector
The state Racing and Wagering Board today approved dates in 2008 for the New York Racing Association to run racing temporarily at Aqueduct, Belmont and Saratoga.

But the 30-day approval is contigent on NYRA working out a deal with the state’s racing oversight board, which will take over racing on Jan. 1 when NYRA’s current contract expires.

… The Racing and Wagering Board said it would give NYRA a temporary deal to run the races so racing can continue until a permanent solution is found.I don't think that constitutes an extension, “Inspector.”

Indulto

12-27-2007, 06:55 PM

http://paulmoranattheraces.blogspot.com/2007/12/going-nowhere-fast.html (http://paulmoranattheraces.blogspot.com/2007/12/going-nowhere-fast.html)
Going nowhere fast
By Paul Moran… This is where the political ego and the prospect of new frontiers of patronage and kickbacks trump the good of the state and its people, who are trampled as the power play unfurls.

… For reasons discussed earlier, the Oversight Board will not conduct racing if no agreement is in place. For reasons beyond the comprehension of any except Bruno’s political, delusional, power and patronage-driven mind, there is virtually no chance an agreement will be reached, though negotiations resumed on Thursday. The current odds on a shutdown on Tuesday, 2-5.Hey tlg, you might have a taker here. I assume you've met the man.

the little guy

12-27-2007, 08:29 PM

Maybe I should call Paul tomorrow....you think he would give me $5K for my $2K?

Indulto

12-27-2007, 11:50 PM

Maybe I should call Paul tomorrow....you think he would give me $5K for my $2K?I'd guess for that kind of money, he'd rather play a Pick Six. It would sure be a bummer for him to win betting on Bruno. :(

the little guy

12-28-2007, 12:29 AM

I'd guess for that kind of money, he'd rather play a Pick Six. It would sure be a bummer for him to win betting on Bruno. :(

Too late......NYRA agreed to a three week extension a little earlier today.

Indulto

12-28-2007, 12:42 AM

Too late......NYRA agreed to a three week extension a little earlier today.Right you are!

http://www.newsday.com/news/local/longisland/ny-linyra1228,0,1120054.story?coll=ny_home_rail_headl ines (http://www.newsday.com/news/local/longisland/ny-linyra1228,0,1120054.story?coll=ny_home_rail_headl ines)
NYRA gets extension; pols urge VLTs at Belmont
BY BART JONESWith NYRA's franchise set to expire Monday, the organization was given a three-week extension Thursday even as doubts grew about whether video lottery terminals will be coming to Belmont Park anytime soon.

… Spitzer's office would not comment on the report Thursday.

… Silver spokesman Dan Weiler said yesterday the Assembly leader always has stated that "he has concerns about the negative effects of gambling," especially in places close to where people live.

Joseph Bruno, the State Senate majority leader, said through a spokesman yesterday that he supports video gaming at Belmont. NYRA spokesman John Lee also said that agency is open to having the machines at Belmont.

… Negotiators for Spitzer, Silver and Bruno met Thursday to try to resolve the wider NYRA issue, officials said, adding that they would like to reach at least a "handshake agreement" today that could be officially adopted by the legislature next month.

Because NYRA's franchise expires on Dec. 31, officials Thursday gave them an extension until Jan. 23 to keep operating as talks continue.

Officials cautioned that the talks were still going on and there was no certainty an agreement would be reached before Monday. …

Indulto

12-28-2007, 07:19 AM

http://timesunion.com/AspStories/story.asp?storyID=650705&category=FRONTPG&BCCode=HOME&newsdate=12/28/2007 (http://timesunion.com/AspStories/story.asp?storyID=650705&category=FRONTPG&BCCode=HOME&newsdate=12/28/2007)
Panel makeup snarls talks for tracks deal
Senate Republicans meet resistance in bid to overhaul NYRA board
By JAMES M. ODATO… Officials failed to reach a deal on the future of the state racing franchise Thursday as Senate Republicans ran into objections to its push for a dramatic overhaul of the New York Racing Association board, an official briefed on the talks said.

…The official briefed on Thursday's negotiations -- one of a series in recent weeks -- said the key stumbling blocks involve the Senate Republicans' demand for a substantial change in the the composition of the NYRA board. Further, the Senate wants to make sure the NYRA president and chairman is replaced.Replacing Haywood and Duncker sounds more personal than political to me. Who besides FONYR/Empire folks might have it in for these two? Is it now personal with Bruno too?… Bruno wants to limit the number of years for NYRA's extension to 15, with reviews every five years to evaluate performance based on race attendance and handle. …

… The Senate wants to make the simulcasting of NYRA races available for third parties to market. NYRA, … , considers selling the simulcast signal vital to its revenues.Who other than TrackNet markets simulcast signals for tracks?The negotiators … seem to want to give NYRA temporary authorization to continue running racing after the end of the year until a broader deal can be completed, the official said.Is there an extension or isn't there?

Why isn't the press explaining the nuances of Bruno's demands? Even the DRF's Crist and the Times Union's LeBrun seem to be holding back. Maybe only the Village Voice is willing to take Bruno on, but racing issues have a low priority with them.

Crist once warned of foxes in henhouses. Maybe he'll be ready to identify the skunks behind closed doors now that the stench in these proceedings can't be ignored.

Indulto

12-28-2007, 08:30 AM

http://www.saratogian.com/WebApp/appmanager/JRC/BigDaily?_nfpb=true&_pageLabel=pg_article&r21.content=%2FMAIN_REP%2FArticle%2F2007%2F12%2F27 %2F1334569 (http://www.saratogian.com/WebApp/appmanager/JRC/BigDaily?_nfpb=true&_pageLabel=pg_article&r21.content=%2FMAIN_REP%2FArticle%2F2007%2F12%2F27 %2F1334569)

Posted on Thu, Dec 27, 2007
NYRA, state agree to extension
Officials say racing won’t be interrupted
By PAUL POST…New York Racing Association has agreed to a temporary extension that would keep racetracks operating through Jan. 23, Oversight Board Chairman Steve Newman said Thursday.

… The temporary extension was agreed to Thursday between NYRA, the state and a five-member state Oversight Board. …Apparently the newly formatted "Saratogian" no longer allows all it's news articles to be identified directly through a Google news search. I had to go to the website and search for it there after seeing a reference to it in a blog comment without an accompanying link.

the little guy

12-28-2007, 09:04 AM

I ran into the same problem on the ridiculous new Saratogian website as well. A bad paper has now extended their ineptitude to the web. It's actually funny.

I guess I was right about the problems NYRA had with the demands being made about the Board. Insisting on replacing Duncker and Hayward is beyond ridiculous. These guys have been instumental in turning that place around. The nerve of anyone who is demanding their ouster. It simply has to be personal....and it's disgraceful. Assuming, of course, it's true.

the little guy

12-28-2007, 09:06 AM

Crist once warned of foxes in henhouses. Maybe he'll be ready to identify the skunks behind closed doors now that the stench in these proceedings can't be ignored.

You make a very large mistake in assuming that people know things they don't.....and are somehow holding out.

Paranoid?

Indulto

12-28-2007, 03:01 PM

You make a very large mistake in assuming that people know things they don't.....and are somehow holding out.

Paranoid?As my paranoia periodically proves presciently profitable, I nurture it daily. ;)

I WOULD be making a very large mistake if I were to assume that sources extremely close to the action DIDN'T know what was going on, or that various loyalties, liabilities, and/or agendas WEREN'T involved that inhibited full disclosure.

That might also explain tight-lipped tendencies while engaging in knee-jerk defenses of names frequently dropped here. :D

Speaking of which, whatever happened to your offer to post certain restricted columns? :bang:

the little guy

12-28-2007, 03:10 PM

Speaking of which, whatever happened to your offer to post certain restricted columns? :bang:

I was in Saratoga visiting my Mother this past weekend and barely spoke to Steve. I will try to remember to get his future permission next time we speak. In the future, I will always think of your needs before my dear Mother's. ;)

You're not really paranoid if everyone is out to get you. However, in this case you are imagining something that simply isn't true. You may have to take my word for it in this case....but that would be wise. I am usually pretty forthcoming if I tell you I don't want to discuss something. There is no inside knowledge here being withheld....by either myself or Mr. Crist.

Indulto

12-28-2007, 04:24 PM

http://www.drf.com/news/article/91224.html (http://www.drf.com/news/article/91224.html)
NYRA extension to avert Jan. 1 shutdown
By MATT HEGARTY… NYRA is currently in negotiations with state officials over a long-term extension to its franchise, but those negotiations have failed to produce a deal because of continuing opposition led by Sen. Joseph Bruno.

Under the agreement, NYRA will retain all of its legal rights to the three racetracks, according to an official with knowledge of the deal.

… Negotiations over the long-term extension between Spitzer officials and representatives of Bruno and assembly speaker Sheldon Silver took place all afternoon on Thursday. The negotiations were expected to continue on Friday, but the short-term extension is also likely to dampen the sense of urgency to reach an agreement.http://www.newsday.com/sports/horseracing/ny-spnyra1229,0,2681374.story (http://www.newsday.com/sports/horseracing/ny-spnyra1229,0,2681374.story)
NYRA extension will keep horses on track
THE ASSOCIATED PRESS
… A Spitzer administration spokesman confirmed the temporary extension while negotiations on a new franchise deal continue among staffs for the governor, Senate and Assembly leaders. …

… "What we've said all along is that if it is going to be NYRA that continues to run racing in New York state, it ought to be with increased accountability, increased oversight, and we need certain conditions met," Bruno spokesman Scott Rief said Friday. Bruno wants a term shorter than the 30 years Spitzer proposed, periodic franchise reviews, a more equitable deal for the horsemen and more comment from communities surrounding the tracks, he said.

… "Short term, it's our understanding that NYRA's applied ... for a temporary license that would permit racing to continue until Jan. 23," said Jeffrey Gordon, spokesman for the state Budget Division. "Gov. Spitzer remains committed to do everything possible to ensure racing will continue beyond January 1st."http://news.bloodhorse.com/viewstory.asp?id=42905 (http://news.bloodhorse.com/viewstory.asp?id=42905)
NYRA, Board Strike Temporary Deal
by Tom Precious… Senate Republican Majority Leader Joseph Bruno has called for letting an outside entity run NYRA’s simulcasting operation, and also demanded that some of NYRA’s leaders resign as part of a franchise extension deal.

Negotiators for Spitzer were said to be upset with Senate Republicans for refusing to compromise on some matters, according to officials involved in the talks.

... NYRA officials had expressed openness to a temporary extension, but they raised concerns that a short-term extension could lift some of the pressure off negotiators to strike a deal. They also said NYRA did not want the extension to jeopardize its existing land claims currently pending in its federal bankruptcy court case.

Steven Newman, chairman of the oversight board, confirmed the agreement, which has been signed by lawyers for the oversight board, the state attorney general’s office, and NYRA. He said he is confident the approval will come from the racing board for the temporary extension.

Asked if the agreement could take pressure off negotiators, he said: “You could look at it one of two ways. One is it allows more time and calm for it all to work out or, two, you could look at it the other way: that it lessens the pressure.’’

But Newman said he believes all the sides--given the length of the talks and that they are being led by top negotiators despite the holiday period--are serious about reaching a deal soon. “They wouldn’t be putting in all this time if they didn’t think they were getting somewhere,” he said. “They’re working at this.” …

Indulto

12-28-2007, 04:33 PM

I was in Saratoga visiting my Mother this past weekend and barely spoke to Steve. I will try to remember to get his future permission next time we speak. In the future, I will always think of your needs before my dear Mother's. ;) Either you've moved to the other extreme of providing too much information or else you've come up with a guilt-encrusted replacement for the "dog ate my homework" excuse. :D You're not really paranoid if everyone is out to get you. However, in this case you are imagining something that simply isn't true. You may have to take my word for it in this case....but that would be wise. I am usually pretty forthcoming if I tell you I don't want to discuss something. There is no inside knowledge here being withheld....by either myself or Mr. Crist.I have yet to see an article detailing the benefits of, arguments against, or motivation for, Bruno's proposal to give a third party marketing rights to the franchise signal despite the fact that this issue is constantly being mentioned as a stumbling block in the negotiations.

Are you're telling me that nobody has a clue as to what's involved?

the little guy

12-28-2007, 04:47 PM

I think nobody knows exactly because it's impossible to figure out without saying that Bruno is doing something corrupt....i.e. he is planning to sell the signal to a " friend " for a cheap rate.

I wish we could see two parallel universes....one where Bruno sells the rights and one where NYRA sells the rights. My guess? Bruno sells to one guy for pennies and NYRA to everyone for the best rates in the industry. It is absolutely and patently absurd to suggest that some government agency would be more adept at selling the signal than NYRA. NYRA has to be distinctly aware that the agreement between Magna and Churchill put them in the enviable position of watching how they deal with their contracts, as the new bohemith, so they could see what they might be able to do in the future. How anybody could suggest that they wouldn't be looking to do the best possible deal for themselves is completely beyond me. And, of course, the best deal for themselves is also the best deal for the State.

12-28-2007, 04:57 PM

And, of course, the best deal for themselves is also the best deal for the State.

As we know, Bruno, and many others involved, aren't really interested in what is best for the state.

Indulto

12-28-2007, 05:39 PM

http://news.bloodhorse.com/viewstory.asp?id=42911 (http://news.bloodhorse.com/viewstory.asp?id=42911)
NYRA Has New Content Deals for 2008
by Blood-Horse StaffThe New York Racing Association has entered into a content exchange agreement with TrackNet Media Group for 2008, NYRA officials said Dec. 28.

… The agreement will permit TrackNet Media-affiliated racetracks, wagering facilities, and account wagering providers to accept wagers on a non-exclusive basis on races from Aqueduct, Belmont Park, and Saratoga. Likewise, NYRA racetracks and its account wagering system will be permitted to accept wagers on a non-exclusive basis on races conducted at all TrackNet-affiliated racetracks.

The agreement also grants HRTV non-exclusive rights to televise races conducted at the three NYRA racetracks, according to a release issued by NYRA. TrackNet’s affiliated account wagering businesses, … , will be able to offer live video streaming of races from NYRA tracks.

… “NYRA is committed to securing the broadest possible distribution for its renowned racing product,” NYRA president and chief executive officer Charles Hayward said in a statement. “Partnering with TrackNet and its affiliated account wagering and television companies is a tremendous step forward in reaching that goal. Our patrons will be glad to know that tracks under the TrackNet umbrella will continue to be part of the wagering menu of our own NYRA Rewards account wagering platform.”

… NYRA also announced Dec. 28 it reached an agreement with Youbet.com, another account wagering provider, that will allow Youbet.com to offer wagering on NYRA races and offer video in 2008. Youbet.com now takes wagers on the NYRA product as a sub-licensee of TVG, but in 2008 will be a direct customer of NYRA.

NYRA said it had reached a similar non-exclusive agreement with TVG for 2008. Hayward called TVG the "key venue" for NYRA because it has the broadest distribution.http://www.thoroughbredtimes.com/national-news/2007/December/28/NYRA-races-to-be-available-on-TrackNet-outlets-HRTV.aspx (http://www.thoroughbredtimes.com/national-news/2007/December/28/NYRA-races-to-be-available-on-TrackNet-outlets-HRTV.aspx)
NYRA races to be available on TrackNet outlets, HRTV
by Frank Angst

Continuing a trend of opening racing signals to all major advance deposit wagering (ADW) sites, the New York Racing Association on Friday said it would allow wagering on its races through TrackNet outlets such as Twinspires.com and XpressBet.com.

The content-exchange agreement follows similar ADW arrangements for tracks in California and New Jersey that opened up wagering to all major ADW outlets. Previously, NYRA was an exclusive track with Television Games Network.

… Earlier on Friday, NYRA announced its franchise had been extended through January 23. NYRA President Charles Hayward said the new ADW agreement, which runs through 2008, would improve the availability wagering on New York racing.

… “New York offers some of the most dynamic horse racing in the country,” said TrackNet Chief Executive Officer Scott Daruty. “Officials with NYRA have demonstrated great foresight and customer focus by embracing an open-content model and making NYRA races available to a wide array of wagering outlets, including TwinSpires.com and XpressBet, and to more than one horse-racing television channel.

“New York horsemen and racetracks will benefit from this decision, as will wagering customers around the country who enjoy betting on NYRA races and who can now do so through their preferred on-track or off-track wagering platform.”What does this do to Bruno's proposal?

the little guy

12-28-2007, 06:38 PM

What does this do to Bruno's proposal?

Sounds like the right thing...it ignores it.

Indulto

12-28-2007, 07:21 PM

Sounds like the right thing...it ignores it.For a year anyway, but how does this development impact the negotiations?

And just to make Hayward's hair greyer:

http://paulmoranattheraces.blogspot.com/2007/12/caught-in-crossfire.html (http://paulmoranattheraces.blogspot.com/2007/12/caught-in-crossfire.html)
Caught in the crossfire
By Paul Moran… politicians remain unable reach accord and local politicians on Long Island clamor for video lottery terminals at Belmont Park, a crass and vulgar suggestion that thankfully appears off the table.

… The PBGC has acted to end the pension plans due to the uncertainty of NYRA’s ability to fund the plans in the future, and the likelihood that the racing franchise will not be renewed by the end of the year.

While it is virtually certain that the franchise will be renewed at some point after Jan. 1 since there is no longer a viable alternative, and that one of the immediate results will be NYRA’s emergence from bankruptcy, it is also possible that the court could vacate the pension plans as part of reorganization.

… The PBGC asked the District Court to terminate the pension plans to protect participants and limit losses to the pension insurance program.

… NYRA president Charles Hayward, in a memo to employees issued on Thursday, said: "... Notwithstanding the PBGC's determination to the contrary, NYRA believes it will be ablue to continue the plans and that the PBGC's concerns will be worked out once the franchise issues are resolved."

Indulto

12-29-2007, 02:27 AM

http://www.saratogian.com/WebApp/appmanager/JRC/BigDaily?_nfpb=true&_pageLabel=pg_article&r21.pgpath=%2FTST%2FHome&r21.content=%2FTST%2FHome%2FTopStoryList_Story_134 0434 (http://www.saratogian.com/WebApp/appmanager/JRC/BigDaily?_nfpb=true&_pageLabel=pg_article&r21.pgpath=%2FTST%2FHome&r21.content=%2FTST%2FHome%2FTopStoryList_Story_134 0434)
Racing board weighs extension
Approval needed to prevent shutdown as state leaders work on franchise agreement
By Paul Post and James V. Franco… Sources close to negotiations said the next franchise won’t be for 30 years, as Governor Eliot Spitzer had wanted, and that NYRA’s board will be somewhat smaller with several new faces. There could be as few as 10 existing members on the new NYRA board, but the final number was not agreed to on Friday, sources said.

… Spitzer, Senate Majority Leader Joseph L. Bruno, R-Brunswick, and Assembly Speaker Sheldon Silver, D-Manhattan, have teams of negotiators working on the franchise plan. Spitzer is represented by his special counsel Richard Rifkin, state Budget Director Paul Francis and Empire State Development Corp. Co-Chair Patrick Foye.

Bruno is represented by his counsel, Michael Avella, and Jeff Lovell, secretary to the Senate Finance Committee. Silver’s representative is Dean Fuleihan, secretary of the Assembly’s Ways and Means Committee.

“Talks are still ongoing,” said Jeff Gordon, a Budget Division spokesman.

… NYRA currently has a 28-member board including eight political appointees.

The NYRA-Spitzer plan called for a reduction to about 18 members, but Bruno has called for a complete resignation of the current board, saying NYRA needs to clean house and get a fresh start.

“We are optimistic we will get a negotiated agreement that will be of great benefit to everyone in the state,” he said Friday. “It will be a negotiated agreement, a compromise that will make New York the best racing state in the world.”

… There is a history of deals falling apart at the last minute in Albany, and that was before the acrimony between Bruno and Spitzer reached a fevered pitch.

JustRalph

12-29-2007, 02:53 AM

Indulto

12-29-2007, 03:15 AM

http://www.horseraceinsider.com/John-Pricci/ (http://www.horseraceinsider.com/John-Pricci/)
Bruno and Hayward Coming Saturday to a Computer Near You
By John Pricci… In the interests of morbid curiosity, you can tune into “Down the Stretch,” Capital OTB's weekly magazine show hosted by Mark Cusano and Michael Veitch. The show airs in New York’s Capital District on basic cable channel 12 and begins at 10 a.m., EST. Scheduled as guests are Senator Bruno and Charlie Hayward.

Hayward refused to comment on the extension yesterday but it will be interesting to see if that position changes overnight. At the close of business yesterday, NYRA announced that it had signed non-exclusive wagering-platform agreements with Youbet.com and TrackNet Media. Resultantly, NYRA's races will be available for simulcast wagering virtually everywhere, and would seen on both HRTV and TVG. That appears to solve the simulcast issue from NYRA's perspective. It will be interesting to see Bruno's reaction to this development and how the 11th-hour simulcasting accords ultimately affects resolution of the franchise question. The ball clearly has moved into Mr. Bruno's court.

If you live outside the New York area, you can see "Down the Stretch" by logging on to http://www.capitalotb.com (http://www.capitalotb.com/) and clicking on the program link.

Indulto

12-29-2007, 04:39 AM

I have ignored this thread and the NYRA story on purpose just because I knew it would come down to the the last minute and the worst possible state government except maybe Ohio and Michigan, it's a draw really except New York is the king of finding a new way to tax right in the middle of a crisis, and I am sure they will this time. I decided to catch up today with the end of the year on us.

I knew they would find a way to continue fighting past their deadline. New York Horse players will end up paying for this. I wouldn't be surprised if the citizens of New York get a back door job done to them somehow. It is in the genes of the State Government. Instinct is strong............

Amazingly embarrassing and dysfunctional is this process, yet it still continues unabated. This process should truly be a permanent stain on those involved. Yet I predict they will all come out glad handing each other and announcing to the world how they have saved racing in New York. There will be ribbon cutting and celebrations and somewhere somebodies brother in law will get rich. Carry on New York! The flagship of wronging your citizens and finding a way to pick their pockets. Long may you wave............

As somebody who used to play New York tracks.........and frankly has gotten over not having them available to me............. I am not so sure that I want my money encouraging this kind of activity in the future. Not when I get treated so well in other jurisdictions.JR,
Corrupt politicians can be found in every state. Some of California's elected representatives are now behind bars. More should be. Our answer to gridlock was to recall the governor. We're about to lose a Grade I venue to developers because carpetbagging CDI came in, ruined Hollywood Park, and then sold it to a land developer rather than a buyer interested in running a racetrack. At least the NY pols show up at Saratoga.

NYRA has the lowest takeout, makes the greatest effort to protect the bettor from fraud, maintains two of the best racing plants on the continent, and showcases more of the best horses most frequently. What have your "jurisdictions" got to recommend them?

Indulto

12-29-2007, 12:51 PM

http://www.newsday.com/news/local/wire/newyork/ny-bc-ny--racingfranchise1229dec29,0,5552337.story (http://www.newsday.com/news/local/wire/newyork/ny-bc-ny--racingfranchise1229dec29,0,5552337.story)
NYRA gets extension for racing franchise… The state Racing and Wagering Board acknowledged receipt of the New York Racing Association's request to continue operating New York's thoroughbred tracks through Jan. 23, but board members agreed they didn't legally need to vote on it for racing at Aqueduct to continue.

NYRA's franchise to operate the state's three thoroughbred race tracks, including Belmont and Saratoga, expires Monday. Racing officials noted Saturday that a special state Oversight Board already has the authority to keep racing going temporarily.

NYRA asked them to keep its license request confidential for competitive reasons. …http://www.drf.com/news/article/91254.html (http://www.drf.com/news/article/91254.html)
Good possibility Aqueduct will run Jan. 1
By MATT HEGARTY… Shortly after the Saturday board meeting, Bruno appeared on a television show sponsored by Capital OTB Corporation and said that a long-term deal on a NYRA franchise extension was “down to a couple of details,” but his comments were clearly based on his version of a deal.

… Hayward appeared right after Bruno on the show, and he said he “wished he could share the senator’s view that we are that close.” Hayward said he didn’t want to provide details about the current deal under negotiation.

… Bruno said the Republican-controlled senate would be ready to pass a bill extending NYRA’s franchise when the legislature returns to session on Jan. 9, but did not provide details about the legislation. At one point, Bruno repeated language he has used previously that called for other companies to run some of NYRA’s business operations – such as simulcasting – a prospect that NYRA has steadfastly resisted.

Bruno said one of the stumbling blocks on a deal is the 30-year extension sought by Spitzer and NYRA. Bruno has been pushing for a 15-year extension that would be reviewed every five years by a state oversight board. According to officials involved in the negotiations, Bruno softened his stance on Friday to a 20-year extension.

… Bruno also repeated assertions that he favored the legalization of slot machines at Belmont Park. The legalization of slots is favored by NYRA, Spitzer, and a large number of casino and real-estate development companies that have been aggressively lobbying the legislature, but the proposal is opposed by assembly speaker Sheldon Silver.

… “What is wrong with getting people like that involved?” Bruno said, referencing the real estate and casino companies. “NYRA hasn’t done it. And they’ve had years to do it. So we’re saying, let the professional business people do what they do best, and let NYRA do what they do best, which is running racing.”

Mag

12-29-2007, 01:39 PM

http://news.bloodhorse.com/viewstory.asp?id=42914

hibiscus

12-29-2007, 02:47 PM

Somebody help me out here. Has Bruno ever once mentioned the anticipated benefit of having someone other than NYRA run the simulcasting? Why is he so anal on that deal point? It’s such a 180 from common sense and so obviously punitive to NYRA (or beneficial to one of his buddies) I’m amazed he hasn’t been called on it more often. Maybe I missed something.

Indulto

12-29-2007, 02:59 PM

http://paulmoranattheraces.blogspot.com/2007/12/bruno-end-in-near-hayward-maybe.html (http://paulmoranattheraces.blogspot.com/2007/12/bruno-end-in-near-hayward-maybe.html)
Saturday, December 29, 2007
Bruno: The end in near; Hayward: Maybe
By Paul Moran… A showdown would have been better. A showdown would have made public Sen. Joe Bruno’s nonsensical, irrational stance on franchise issue. Drop the gloves. Lock the gates at Aqueduct. ...

... The New York Racing Association will likely sidestep what promised to be high drama when it accepted a three-week extension of the franchise to allow the nonsense in Albany more time to reach the conclusion that has been elusive in the face of Bruno’s obstructionist and intransigent position on matters that are essentially inconsequential to anyone else.

Bruno has apparently backed off on his position that NYRA’s simulcast signal be awarded to a third party and the term of the franchise, while it may fall short of 30 years, will approach that period of time as well as his demand that the NYRA board step down en masse.The senator also indicated that an operator for the VLT facility at Aqueduct has been chosen but declined to be more specific. …http://news.bloodhorse.com/viewstory.asp?id=42914 (http://news.bloodhorse.com/viewstory.asp?id=42914)
State Fails to Approve NYRA Deal
by Tom Precious… After the meeting, Senate Majority Leader Joseph Bruno confirmed that he has relaxed some of his previous demands, including his longstanding insistence that NYRA relinquish to an outside company such things as its simulcasting business.

… Bruno also appeared to drop demands that Belmont be permitted to open a VLT casino, and he hinted in the interview that top NYRA officials would not have to resign – as he had been demanding for several weeks.

Bruno, under mounting pressure by Saratoga Springs business interests concerned about next summer’s meet, did continue his opposition to a 30-year extension for NYRA, a time period NYRA and Spitzer agreed to in September. “What’s magic about 30 years?’’ he said. He added the franchise would be for at least 20 years.

Bruno said there would be beefed up oversight of NYRA during set timetables to see if certain benchmarks are being accomplished, and that the board would be “reconstituted.’’ He did not elaborate. The sides have already agreed the NYRA board would be reduced from its present 28-member size.

But NYRA Chairman Charles Hayward, who followed Bruno on the show, said he did not share the lawmaker’s optimism about the negotiations. He said there were some “substantial’’ issues still outstanding; he did not name them and Hayward did not immediately return calls for comment. …

Indulto

12-29-2007, 05:15 PM

http://www.thoroughbredtimes.com/national-news/2007/December/29/NYRA-extension-agreement-uncertain-after-meeting-with-regulators.aspx (http://www.thoroughbredtimes.com/national-news/2007/December/29/NYRA-extension-agreement-uncertain-after-meeting-with-regulators.aspx)
NYRA extension agreement uncertain after meeting with regulators
by Paul Post… On Thursday, NYRA reached an agreement with the state to keep operating beyond midnight Monday, when its current franchise expires. But the deal hinged on the state Racing and Wagering Board granting NYRA a license for the period January 1 to January 23.

Meeting in emergency session, the Racing and Wagering board on Saturday refused to vote on NYRA’s license application, saying their approval is not necessary. NYRA President Charles Hayward said NYRA will have to study its options before deciding on a next course of action.

“We’re disappointed,” he said immediately after the meeting, held at state Lottery Division headquarters in Schenectady, New York.

… NYRA submitted its extension application to the Racing and Wagering Board shortly after noon on Friday. The board, which regulates all types of racing and gaming, studied the application’s legal ramifications late into the night, Chairman Daniel Hogan said.

… “Everyone involved wants to see racing going forward,” Hogan said. “We’ve done our part to make sure racing continues on January 1. There’s got to be an agreement between the governor and the Legislature.”

Hayward said he does not believe the board deliberately tried to keep NYRA from running the tracks and described the situation as “a bump in the road.”

“Racing law has a lot of different parts to it,” he said. “It’s really a matter of interpretation.”http://www.drf.com/news/article/91257.html (http://www.drf.com/news/article/91257.html)
NYRA: Aqueduct staying open no sure thing
By MATT HEGARTYNew York Racing Association officials would not say with certainty on Saturday that Aqueduct would stay open after Monday, Dec. 31, when NYRA’s franchise to run three racetracks expires. NYRA has said it reached an agreement with the state to continue operating until Jan. 23, and on Saturday the New York State Racing and Wagering Board met to decide whether to approve the agreement. But the board determined that it did not have the power to rule on the agreement.

The lack of a ruling – and the byzantine structure of New York racing law and regulation – casts doubt on whether political leaders and NYRA would be able to forge an agreement to keep Aqueduct open on Jan. 1.

“I think it’s a very good possibility” that NYRA will open on Jan. 1, Hayward said. “But we want to make sure we’re doing everything right under the law and that our rights are protected.”

During an emergency meeting of the racing and wagering board on Saturday that lasted four minutes, members of the board unanimously agreed with Robert Feuerstein, its legal counsel, that the board had no power to approve NYRA’s agreement with the state. After the meeting, Dan Toomey, a spokesman for the board, explained that under the racing and wagering board’s interpretation of the law, only the Non-Profit Racing Association Oversight Board has the power to determine who will run Aqueduct after Dec. 31, making NYRA’s request it approve the agreement with the state to be licensed moot.

“It wasn't necessary to act on their request,” Toomey said.

NYRA officials said on Saturday afternoon that they were meeting with officials of the oversight board – which was created in 2005 to monitor NYRA’s operations – to work on language in the temporary agreement that would protect NYRA’s rights to owning Aqueduct, Belmont and Saratoga. The law that created the oversight board gave the agency the right to select an operator for the tracks if NYRA’s franchise expired without a successor named or an extension.

The board was called into emergency session on Friday to consider the agreement, which was reached between NYRA, the state’s attorney general, and the oversight board on Thursday night, NYRA officials have said. NYRA has not allowed any documents relating to the agreement to be made public, and has asked that they be protected under the state’s Freedom of Information Law. The law gives state agencies the right to block the release of documents if it believes information in them is sensitive or proprietary. …Makes you wonder what protection being licensed would have given NYRA and why the wagering board deemed it necessary to avoid getting involved. Sounds intentional to me. $$$$?

Indulto

12-29-2007, 05:54 PM

http://equidaily.com/ (http://equidaily.com/)
NY FRANCHISE:
>>> VIDEO: Sen Joe Bruno and NYRA prez Charlie Hayward on Saturday morning's 'Down the Stretch' with Mark Cusano and Mike Veitch form Capital-OTB TV [program is looped on a stream] (mms://72.10.193.200/otb)

Indulto

12-29-2007, 07:07 PM

Very thoughtful article from the "Troy Record" columnist who also contributes comments to the Pricci Blog:

http://www.troyrecord.com/WebApp/appmanager/JRC/BigDaily?_nfpb=true&_pageLabel=pg_article&r21.pgpath=%2FTRD%2FSports%2FHorse+Racing&r21.content=%2FTRD%2FSports%2FHorse+Racing%2FHeadl ineList_Story_1336106 (http://www.troyrecord.com/WebApp/appmanager/JRC/BigDaily?_nfpb=true&_pageLabel=pg_article&r21.pgpath=%2FTRD%2FSports%2FHorse+Racing&r21.content=%2FTRD%2FSports%2FHorse+Racing%2FHeadl ineList_Story_1336106)
Don't blame Senator Joe?
By Nick Kling… If you took a poll among racing industry stakeholders and others with an interest in the franchise, Senator Bruno would be the favorite to label as the person most responsible for holding up a final solution. I had the opportunity to speak frankly with the Senator about that on Wednesday. He respectfully rejected that notion, …

… the Governor should accept the resignation of current board members. "But that doesn't mean some couldn't be part of a 'new' board," Bruno said. He went on to note that many of the individuals on the NYRA board are people who have accomplished great things.

… He believes that the NYRA Trustees have failed to stem the flow of red ink which led the association to declare bankruptcy. "If any other board were in the same situation, wouldn't they have a fiduciary responsibility to repay the money?" he said. However, he did not suggest the NYRA Trustees (who serve in an unpaid capacity) should be required to do that. When asked if a reconstituted NYRA board would have to consist of a majority of state appointees, Senator Bruno said, "Absolutely not."

… As for NYRA's claim that it owns the land and property which comprise the racetracks, Bruno indicated doubts about the validity of such an assertion. …

… Senator Bruno did acknowledge that a legal challenge would delay a franchise resolution, which, in turn, could do harm to the industry.

… NYRA does have a history of colossal mismanagement. It began with the imperious way the association dismissed off-track betting in the 1970s as "gambling, not racing." It continued in the late 1980s with customer service from hell. …

… Bruno's Trustee issue is a double-edged sword. Some current members are state appointees. When the Non-Profit Racing Oversight Committee was proposed during Gov. George Pataki's administration, I asked Bruno at that time why the state-appointed Trustees and the New York State Racing and Wagering Board couldn't provide enough oversight. He acknowledged both could have done more to reign in NYRA's excesses. …

the little guy

12-29-2007, 09:16 PM

I completely disagree Indulto and think Nick, who I like, was somehow overly excited that Bruno spoke to him. Bruno has no plan and has never had a plan.....other than to try to help his friends. He has subverted this process for months now out of personal animus. He has made insane suggestions, like the State negotiating simulcast rights, with little to no understanding of the situation. Hell, as late as this Fall he publicly said Magna should be considered. For Nick Kling to now suggest that " Bruno makes some valid points " is absurd.

I only hope Mr. Bruno receives the welcome he has richly earned when he shows his face ( which he does pretty much everyday ) in Saratoga.

aaron

12-29-2007, 09:52 PM

the little guy

12-29-2007, 11:04 PM

I agree Bruno is a phony with self serving interests,but I don't see how you can argue about the onerall failure of NYRA and the system for over 30 years. Didn't Bill Nader negoiate the simulcasting fees that are now in place ?
The signal was sold cheap and undervalued,that can not be argued. Who would be best to negoiate simulcast fees ? If anyone has an opinion I'd be interested to hear it.

The undervaluing of one's signal was commited by all the big players in the industry in the mid 90s. That was clearly a mistake. Let's not pretend that NYRA made some isolated blunder with everyone snickering behind their back.

Who would be best to negotiate simulcast fees? Well, the easier question would be who would be worst. That's a layup.....somebody in the government who knows absolutely nothing about the business, or the players, and might, just might, be operating with some sort of favoritism....wink....wink.

Who would be best? The people who control the signal....NYRA. They know the rates in the industry and what they can and cannot do. You can't possibly believe they are currently selling their signal for less than they could receive....do you? Isn't this apparent from what transpired this week, with NYRA making their signal available to all players, and thankfully Bruno dropping his insistance on taking that right out of NYRA's hands?

Indulto

12-29-2007, 11:29 PM

I completely disagree Indulto and think Nick, who I like, was somehow overly excited that Bruno spoke to him.:lol:
A few things to consider, tlg:
1) I said his piece was thoughtful. I didn't say I agreed with it.
2) I did not attach any significance to the "valid points" statement.
3) Kling put a question mark in the title.
4) Kling took the obstruction issue right to Bruno.
5) Kling had already burned Bruno in a previous piece.
Bruno has no plan and has never had a plan.....other than to try to help his friends. He has subverted this process for months now out of personal animus. He has made insane suggestions, like the State negotiating simulcast rights, with little to no understanding of the situation. Hell, as late as this Fall he publicly said Magna should be considered. For Nick Kling to now suggest that " Bruno makes some valid points " is absurd.

I only hope Mr. Bruno receives the welcome he has richly earned when he shows his face ( which he does pretty much everyday ) in Saratoga.I don't disgree with what you just said, but at this point, I'm inclined to give Kling credit for providing a public service by letting Bruno appear to be saving face while he continues to make concessions.

But I have to give you credit too, tlg, for keeping the pressure on, and not taking any prisoners. :D

Keep snarling, and make sure your mother doesn't vote to re-elect him. ;)

the little guy

12-29-2007, 11:51 PM

and make sure your mother doesn't vote to re-elect him. ;)

I can take a lot, but even suggesting my Mother would consider such a thing is going too far.

Hell, she would probably even vote for you if you were running against him.

Indulto

12-30-2007, 01:03 AM

The undervaluing of one's signal was commited by all the big players in the industry in the mid 90s. That was clearly a mistake. Let's not pretend that NYRA made some isolated blunder with everyone snickering behind their back.

Who would be best to negotiate simulcast fees? Well, the easier question would be who would be worst. That's a layup.....somebody in the government who knows absolutely nothing about the business, or the players, and might, just might, be operating with some sort of favoritism....wink....wink.

Who would be best? The people who control the signal....NYRA. They know the rates in the industry and what they can and cannot do. You can't possibly believe they are currently selling their signal for less than they could receive....do you? Isn't this apparent from what transpired this week, with NYRA making their signal available to all players, and thankfully Bruno dropping his insistance on taking that right out of NYRA's hands?Will the actual figures ever be made public for comparison purposes? Will NYRA be able to get more from other tracks as well as from ADWs? What about OTBs?

On the OTB webcast, Hayward said that NYRA couldn't stream video from its own website without OTB approval.

the little guy

12-30-2007, 01:13 AM

Will the actual figures ever be made public for comparison purposes? Will NYRA be able to get more from other tracks as well as from ADWs? What about OTBs?

On the OTB webcast, Hayward said that NYRA couldn't stream video from its own website without OTB approval.

I don't know the answer to the first part but it's a good question. I'll see if it's public info. As for the OTBs, I may be wrong, but that cut may be a State mandate. I'll see what I can find out for you.

JustRalph

12-30-2007, 01:44 AM

NYRA has the lowest takeout, makes the greatest effort to protect the bettor from fraud, maintains two of the best racing plants on the continent, and showcases more of the best horses most frequently. What have your "jurisdictions" got to recommend them?

Ever been to Keeneland? Let's just say, knowing what I know and being able to view what has gone on in New York, I won't go out of my way to head to a NY track. Someday, maybe Saratoga. But to tell you the truth....... Del Mar runs at the same time............and I have been there..........and loved it.

I have family that live relatively close to Saratoga........a summertime visit might be in the offing some day......but I have to tell you......if there are other options..........?????

Indulto

12-30-2007, 02:46 AM

Ever been to Keeneland? Let's just say, knowing what I know and being able to view what has gone on in New York, I won't go out of my way to head to a NY track. Someday, maybe Saratoga. But to tell you the truth....... Del Mar runs at the same time............and I have been there..........and loved it.

I have family that live relatively close to Saratoga........a summertime visit might be in the offing some day......but I have to tell you......if there are other options..........?????Happy holidays, JR.

Of course DMR and KEE are in SAR's class. The two KEE meets are much too short and their weekday cards have no equal. KY's KEE/CD is strong, but I prefer betting on weekend/holiday cards at CA's DMR/SA which I still feel is second to that of NY's SAR/BEL.

Wasn't saying you're wrong, JR, just that it's all a matter of taste and, for a state with all it's politial problems, New York is still a great place to live, work, and race. If I could stand winter, I'd go back there to live and bet in a CA minute. ;)

aaron

12-30-2007, 05:23 AM

The undervaluing of one's signal was commited by all the big players in the industry in the mid 90s. That was clearly a mistake. Let's not pretend that NYRA made some isolated blunder with everyone snickering behind their back.

Who would be best to negotiate simulcast fees? Well, the easier question would be who would be worst. That's a layup.....somebody in the government who knows absolutely nothing about the business, or the players, and might, just might, be operating with some sort of favoritism....wink....wink.

Who would be best? The people who control the signal....NYRA. They know the rates in the industry and what they can and cannot do. You can't possibly believe they are currently selling their signal for less than they could receive....do you? Isn't this apparent from what transpired this week, with NYRA making their signal available to all players, and thankfully Bruno dropping his insistance on taking that right out of NYRA's hands?
tlg-
I don't believe NYRA is selling their signal for less than they could receive,but I do believe all signals are vastly undervalued. As long as the industry as a whole continues to undervalue its product,it would be hard for any jurisdiction to operate in a manner that benefits the jurisdiction and the players.
I haven't heard any idea's from anyone on how to improve the overall state of racing.At this point,it seems that it is just the lesser of the evils running racing.
The more all this goes on, the more it reminds me of boxing,where various venues run different parts of boxing,so now no one even knows who the heavywight champion is.
Racing,problem needs a central controlling agency with a commissioner.All major sports have this.Its obvious this agency is not NTRA.

Indulto

12-30-2007, 06:55 AM

http://www.fox23news.com/news/local/story.aspx?content_id=2d72924c-343e-4cb2-8978-367bbeeae194
Racing Future… the Racing and Wagering Board made an unexpected decision. Citing a section of the State's racing law, it decided not to vote on NYRA's application for a temporary license.

"We reviewed the request, we made a determination that we don't have to take any further action for racing to go forward in January. And quite frankly I'm not even sure we needed the meeting," says Board Chairman Dan Hogan.

Quite the opposite of what NYRA was told to do in an agreement reached Thursday with the Oversight Board and the Attorney General.

"The stipulation we agreed on with the Oversight Board and the Attorney General specifically said that we would seek the license. And now that we don't have it, we've got to go back and modify that agreement to make sure it incorporates the Board's view that we don't need a license," says NYRA Chairman Charlie Hayward.
Those changes need to be hammered out before midnight Monday. …http://www.nypost.com/seven/12302007/sports/nyra_extended_75877.htm (http://www.nypost.com/seven/12302007/sports/nyra_extended_75877.htm)
NYRA EXTENDED
By ED FOUNTAINE… "It's a done deal that racing will continue" at Aqueduct on New Year's Day. Bruno's guarantee came minutes after the State Racing and Wagering Board declined to grant the New York Racing Association, … , a temporary license to continue racing to Jan. 23, while Albany negotiates a long-term franchise renewal.

"There will be no interruption, even if we're not going to have legislation in place," Bruno said on Capital OTB's "Down the Stretch" cable TV show. "The law says the Oversight Board we created has the authority to extend racing and move forward. It is not up to [the SRWB]."

Friday, NYRA signed an agreement with the Oversight Board and state attorney general's office allowing it to apply for the temporary license.

NYRA and the Oversight Board were working yesterday to modify the language in Friday's agreement that protects NYRA's rights, …

… "The senator sounds committed to getting this done," NYRA President Charles Hayward said. "I don't share his optimism - there are still a couple of substantial hurdles - but he knows more about these processes than I do. Is there forward motion? No question about it. We're first and goal at the nine."Bruno mentioned that the SWRB’s granting a temporary license was unnecessary even while Hayward was attending the board meeting at a nearby location.

IMO it smells like a Bruno-influenced decision. I'd guess that granting NYRA any official recognition past Dec. 31 -- and prior to the legislation -- gives it some protection such a move was designed to prevent.

Indulto

12-30-2007, 08:02 AM

tlg-
I don't believe NYRA is selling their signal for less than they could receive,but I do believe all signals are vastly undervalued. As long as the industry as a whole continues to undervalue its product,it would be hard for any jurisdiction to operate in a manner that benefits the jurisdiction and the players.
I haven't heard any idea's from anyone on how to improve the overall state of racing.At this point,it seems that it is just the lesser of the evils running racing.
The more all this goes on, the more it reminds me of boxing,where various venues run different parts of boxing,so now no one even knows who the heavywight champion is.
Racing,problem needs a central controlling agency with a commissioner.All major sports have this.Its obvious this agency is not NTRA.A2,
I agree the NTRA is nothing more than a paid lobbyist and that a true national authority is long overdue.

But if NYRA and the industry as a whole are undervaluing signals, then how come the New York horsemens group hasn't joined the new "Thoroughbred Horsemens Group" (THG) which professes to be addressing just that issue? Doesn't the NYTHA share some responsibility for not demanding higher signal prices all along?

http://news.bloodhorse.com/viewstory.asp?id=42774 (http://news.bloodhorse.com/viewstory.asp?id=42774)TOC, Arkansas HBPA Join Coalition
by Blood-Horse Staff

… The respective boards of directors of the TOC and Arkansas HBPA voted to join the THG, which now has 10 member groups associated with 37 racetracks in the United States. The other members are the Delaware Thoroughbred Horsemen’s Association, Florida HBPA, Kentucky HBPA, Louisiana HBPA, Ohio HBPA, Pennsylvania HBPA, Texas Horsemen’s Partnership, and Virginia HBPA. ...

Indulto

12-30-2007, 05:09 PM

http://www.horseraceinsider.com/John-Pricci/
NYRA’s Temporary Franchise Extension? Whoa Back!
by John Pricci … Hayward said he was in Schenectady to appear with NYRA’s house counsel before the State Racing and Wagering Board to apply for a temporary license. While they agreed in principle, afterward the SWRB failed to take a formal vote, effectively denying the license.

While the NYRA is free to conduct racing Jan. 1 through 24, according to an agreement reached with the New York State Oversight Committee Thursday, it might not race on New Year’s if it has concerns that opening without a formal extension might somehow jeopardize its land claim issue vis a vis bankruptcy proceedings.http://news.bloodhorse.com/viewstory.asp?id=42917 (http://news.bloodhorse.com/viewstory.asp?id=42917)
NYRA Denied Temporary License
by Tom Precious… Concerned about the pace of negotiations, NYRA, a state oversight board and the attorney general’s office agreed on a deal permitting NYRA to continue racing until Jan. 23. But it called for NYRA obtaining a license from the state Racing and Wagering Board for the temporary period.

… Toomey said that since the oversight board is a state agency it does not need to get a racing license from the regulatory agency. He said the board’s inaction on approving a license for NYRA does not mean racing has to stop on Jan. 1. “We just want to make sure racing goes forward,’’ he said.

… Capital Play spokesperson Austin Shafran offered the following statement on behalf of Capital Play:"While Capital Play is concerned with keeping racing alive in New York, NYRA has once again showed that it is only interested in keeping themselves alive and not what is in the best interest of New York racing. NYRA says it wants to keep racing going, but NYRA has yet to accept an extension granted by the Oversight Board that would keep the tracks from going dark. Instead, NYRA has tried all possible methods to go around the Oversight Board while trying to cut a deal for themselves," …

… “This is government at its worst,’’ said Charles Wait, a NYRA board member and president of Adirondack Trust in Saratoga Springs.

… Wait, a longtime Bruno political supporter, said the lawmaker assured him that he is not looking for wholesale changes on the NYRA board. Bruno has told reporters that the NYRA board should be replaced. “He said we have a good management team in place,’’ Wait said of Sept. 28 conversation with Bruno.

… word spread over the past couple of days that Wait was preparing to take an advertisement out in a local newspaper in Saratoga calling on Bruno to settle the franchise dispute. Negotiators said talk of an ad targeting Bruno in his district helped move along the sides on some stalled issues.

“I don’t have an ad going in the Saratogian,’’ Wait said. But sources said a letter was drafted that was ready to be turned into an ad. …http://leftatthegate.blogspot.com/2007/12/bruno-backs-downa-bit.html (http://leftatthegate.blogspot.com/2007/12/bruno-backs-downa-bit.html)
Bruno Backs Down....A Bit… I believe that NYRA will hold firm to their position that 30 years is fair in exchange for the valuable land it insists it owns. Seems to me that the composition of the board is a more negotiable issu. Though I know NYRA feels strongly about that as well, I'd think that Bruno has to get something out of the deal, as a face saver if nothing else. …COMMENTS

… Anonymous said...… If NYRA is just managing racing under the auspices of the Oversight Board, then by what right is the Oversight Board using the land? NYRA is probably willing to grant permission for use of the land, but the Oversight Board may be hesitant to ask for it, for fear of solidifying NYRA's land claim.

… The economics of racing are bad enough without race track management having to call lawyers and lobbyists to vet every decision.

BitPlayer… alan (http://www.blogger.com/profile/12570505944559196118) said...… >>The frustrating thing is that, even if everything works out, NYS taxpayers will end up footing a lot of legal bills relating to a temporary extension that wouldn't have been necessary if the franchise had been awarded on a timely basis.

… that's only a small fraction of the legal expenses billed to the taxpayers; not to mention the time and money devoted to committees and hearings that ultimately added up to a whole lot of nothing.IMO it's time for NYRA to stand its ground. Wait's ad should say something like, "NYRA has attempted in good faith to work with state authorities to avoid shuttting down racing. They cannot legally conduct racing and wagering without a license to do so, and despite direction by the oversight board and attorney general to obtain that license, their application to the SWRB for it was denied becuse state officials apponted to that body were subjected to political pressure to avoid cooperating with that directive.

NYRA awaits the state's granting them full authorization to continue operating on a temporary basis while legislation is prepared to permanently renew the franchise in accordance with the memo of understanding."

the little guy

12-30-2007, 05:13 PM

I always love the " taxpayers footing the bill " argument.

Indulto

12-30-2007, 06:45 PM

http://www.nytimes.com/2007/12/30/opinion/30CIcrist.html?_r=3&oref=slogin&ref=nyregionopinions&pagewanted=print&oref=slogin&oref=slogin (http://www.nytimes.com/2007/12/30/opinion/30CIcrist.html?_r=3&oref=slogin&ref=nyregionopinions&pagewanted=print&oref=slogin&oref=slogin)
December 30, 2007
Op-Ed Contributor

All the Profitable Horses
By STEVEN CRIST… Shutting [NYCOTB] down would simply divert revenue away from the city by driving OTB customers to out-of-state phone and Internet betting operations.

… The biggest problem with OTB is that it was designed as a sprawling jobs program, not as a streamlined wagering service. When the state’s racetrack operators turned up their patrician noses at the prospect of running OTB back in 1971, politicians eagerly jumped in.

.. This hydra of duplicative companies has always been indefensible. As a member of Gov. Mario Cuomo’s advisory commission on racing, I questioned OTB officials at a 1993 public hearing on this redundancy.

… When the commission presented Governor Cuomo with a proposal to consolidate the six OTBs, he told us that while of course that was the way you would do it if you were starting over, the political reality was that legislators would never undo such a deep-rooted source of jobs.

… all that have followed have rejected [NY’s] flawed model of multiple regional corporations and of competition between tracks and government agencies.Does anybody know where to find a copy of that proposal and/or report(s) on -- or discussion(s) of -- that hearing?

Has anyone ever seen any specific plans or detailed suggestions for merging the OTBs with the racing franchise?

aaron

12-30-2007, 06:53 PM

This whole process is beyond belief. If you made this up,nobody would believe it.

Spendabuck85

12-30-2007, 07:02 PM

From DRF.com

NYRA official optimistic
By MATT HEGARTY

"Our lawyers are working diligently with attorneys for the state and the oversight board," Lee said. "It may not get done today, due to holidays schedules and such, but NYRA is doing the best that it can and remains highly confident that we will continue racing on Jan. 1."

Negotiations on a long-term extension of NYRA's franchise were not expected to begin again before the Dec. 31 expiration date, according to an official involved in the negotiations. The official said that the immediate concern for NYRA and the state was now the short-term extension, which would keep NYRA operating for two weeks after the state legislature returns to session on Jan. 9. Any long-term extension has to be approved by Gov. Eliot Spitzer, the Assembly, and the Senate.

The governor and the Assembly have approved a 30-year extension for the NYRA franchise in exchange for a concession by NYRA that the three racetrack properties belong to the state, not the racing association. The plan is opposed by Sen. Joseph Bruno, the Senate majority leader. The NYRA official said that NYRA received a counterproposal on a long-term extension from Bruno representatives on Friday night but that NYRA did not plan to respond to it until after the New Year.

Full article can be found at:
http://www.drf.com/news/article/91280.html

the little guy

12-30-2007, 07:18 PM

This whole process is beyond belief. If you made this up,nobody would believe it.

You know what's sadder? I actually do believe it.

I think Indulto should write the book. He's certainly got the material. It could actually sell.

the little guy

12-30-2007, 07:21 PM

Does anybody know where to find a copy of that proposal and/or report(s) on -- or discussion(s) of -- that hearing?[/font]

Has anyone ever seen any specific plans or detailed suggestions for merging the OTBs with the racing franchise?

Don't you have enough reading?

On the latter part, it sounds like the idea was shot down long before they got to that stage. However, a couple of 5th Graders with a few pieces of construction paper and a couple of colored pens could probably draw up a more efficient plan in about 15 minutes.

Indulto

12-30-2007, 08:03 PM

http://www.drf.com/news/article/91280.html (http://www.drf.com/news/article/91280.html)
NYRA official optimistic
By MATT HEGARTYAttorneys for the New York Racing Association and representatives of a state oversight board continued to work Sunday on a short-term agreement that would allow the association to operate Aqueduct racetrack until at least Jan. 23, and NYRA officials said they were "highly confident" that the track would remain open in 2008.

John Lee, a spokesman for NYRA, said Sunday that approval of the short-term agreement was being delayed by difficulties in crafting language in the document but declined to give further details.

… Lee said that the agreement would not likely be completed until Monday, Dec. 31, the day before NYRA's franchise to operate Aqueduct, Belmont, and Saratoga expires.

"Our lawyers are working diligently with attorneys for the state and the oversight board," Lee said. "It may not get done today, due to holidays schedules and such, but NYRA is doing the best that it can and remains highly confident that we will continue racing on Jan. 1."

… Negotiations on a long-term extension of NYRA's franchise were not expected to begin again before the Dec. 31 expiration date, according to an official involved in the negotiations.

… The NYRA official said that NYRA received a counterproposal on a long-term extension from Bruno representatives on Friday night but that NYRA did not plan to respond to it until after the New Year.

Indulto

12-30-2007, 08:57 PM

Sorry, S5.
I was distracted and never saw your post of Hegarty's piece. If a monitor wants to delete my post about it, it's fine with me.

tlg,
A book written by an insider who really knew who did what to whom and when would be a best seller. They could call it "Six Secrets of Franchise Survival" ;)

As to whether I have enough to read, the answer is "no." I still need to stay busy until my next interview for "Sex Secrets of Successful Bettors." :D

Indulto

12-30-2007, 10:56 PM

http://www.horseraceinsider.com/blog.php/John-Pricci/comments/nyras-temporary-franchise-extension-whoa-back/#comments (http://www.horseraceinsider.com/blog.php/John-Pricci/comments/nyras-temporary-franchise-extension-whoa-back/#comments)
A says:… Contrary to news reports, NYSRWB approves licenses to all racetracks and OTBs in NY except NYRA. The only license approved by the board for NYRA is for simulcasting. The racing franchise is awarded by the NYS legislature. The racing license is included. Since an extention of the franchise was granted until 1/23/08 the license is intact as well as the licensee. NYRA could race on 1/1 with no problem. So, what is going on here? Why does NYRA say maybe they’ll race or hopefully they’ll race?? I find the call by NYRA for a special R & W meeting on Saturday suspect. Why? Surely NYRA already knew what was going to happen. What’s going on here?
The R&W;chairman and company made the right call in the 3 min+ meeting. …:blush: If this poster is correct. ;)

NYPlayer

12-30-2007, 11:16 PM

...IMO it's time for NYRA to stand its ground. Wait's ad should say something like, "NYRA has attempted in good faith to work with state authorities to avoid shuttting down racing. They cannot legally conduct racing and wagering without a license to do so, and despite direction by the oversight board and attorney general to obtain that license, their application to the SWRB for it was denied becuse state officials apponted to that body were subjected to political pressure to avoid cooperating with that directive.

NYRA awaits the state's granting them full authorization to continue operating on a temporary basis while legislation is prepared to permanently renew the franchise in accordance with the memo of understanding."

I trust you had a happy and memorable holiday, Indulto. I would like to echo the sentiments of others and say "thank you" for your thorough coverage of this issue.

It seems to me that it's checkmate for NYRA. They are in possession of Bruno's counter-proposal on a permanent extension, which according to the media reports, NYRA will not respond to until after January First. I take that to mean that Bruno's proposal was less than satisfactory to NYRA, else Hayward would have been as confident as Bruno about the finality of the deal.

NYRA is now left to negotiate the terms of a temporary extension with the Oversight Board - the only entity capable of granting a temporary license to NYRA. NYRA will not sign anything that puts their legal claim of ownership in jeopardy, and it seems unfathomable that the Oversight Board will put any statement affirming NYRA's ownership in the tempory extension. Rather, it is likely that the temporary agreement will affirm the rights and control of the Oversight Board in granting the temporary license to NYRA, and that language may not sit well with NYRA.

If NYRA signs such an agreement, their claim to ownership will most likely be weakened, even if the language appears neutral with respect to ownership. If they do not sign the agreement, they will have to shut down racing operations. Under either scenario Bruno wins. If NYRA's claim to ownership is undermined by a signed temporary extension, then Bruno is more likely to have his demands met for the permanent deal. If NYRA shuts down racing, that will make them public enemy number 1, and will most likely be blamed for the shutdown. From that point on, they will lose the PR war that has already dealt them a perilous blow with the recent ads from Capital Play and their financial bankruptcy.

While it may not be obvious to many, the fact that we are now at the last minute of the 11th hour without a permanent deal means Bruno must still have have firm support from his Senate, or he wouldn't have gotten this far. I therefore declare him the winner.

Since NYRA has clung to the ownership card as its ticket to franchise renewal, it seems unlikely they will do anything to jeopardize that claim, so I think it's more likely they will shut down on the First and blame Bruno and the Oversight Board.

Well, I've successfully recovered the funds from my NYRA One account, and happily the OTB's will be taking the Gulfstream Park signal on Tuesday.

Thanks again Indulto, and I hope you have a very happy New Year!.

Indulto

12-31-2007, 03:39 AM

I trust you had a happy and memorable holiday, Indulto. I would like to echo the sentiments of others and say "thank you" for your thorough coverage of this issue.

It seems to me that it's checkmate for NYRA. They are in possession of Bruno's counter-proposal on a permanent extension, which according to the media reports, NYRA will not respond to until after January First. I take that to mean that Bruno's proposal was less than satisfactory to NYRA, else Hayward would have been as confident as Bruno about the finality of the deal.

NYRA is now left to negotiate the terms of a temporary extension with the Oversight Board - the only entity capable of granting a temporary license to NYRA. NYRA will not sign anything that puts their legal claim of ownership in jeopardy, and it seems unfathomable that the Oversight Board will put any statement affirming NYRA's ownership in the tempory extension. Rather, it is likely that the temporary agreement will affirm the rights and control of the Oversight Board in granting the temporary license to NYRA, and that language may not sit well with NYRA.

If NYRA signs such an agreement, their claim to ownership will most likely be weakened, even if the language appears neutral with respect to ownership. If they do not sign the agreement, they will have to shut down racing operations. Under either scenario Bruno wins. If NYRA's claim to ownership is undermined by a signed temporary extension, then Bruno is more likely to have his demands met for the permanent deal. If NYRA shuts down racing, that will make them public enemy number 1, and will most likely be blamed for the shutdown. From that point on, they will lose the PR war that has already dealt them a perilous blow with the recent ads from Capital Play and their financial bankruptcy.

While it may not be obvious to many, the fact that we are now at the last minute of the 11th hour without a permanent deal means Bruno must still have have firm support from his Senate, or he wouldn't have gotten this far. I therefore declare him the winner.

Since NYRA has clung to the ownership card as its ticket to franchise renewal, it seems unlikely they will do anything to jeopardize that claim, so I think it's more likely they will shut down on the First and blame Bruno and the Oversight Board.

Well, I've successfully recovered the funds from my NYRA One account, and happily the OTB's will be taking the Gulfstream Park signal on Tuesday.

Thanks again Indulto, and I hope you have a very happy New Year!.Thanks, NYP.

2008 will indeed be another enjoyable year if I continue encountering posters with mutual interests, but different perspectives, willing to flexibly argue their viewpoint with a sense of humor. I have a hunch you’re going to be one of those who keep NYCOTB profitable with surcharges. ;)

When you finally acquire Bruno’s autograph, be sure to let me know. Maybe it will motivate me to try and trump it by finally obtaining Friedman’s autograph. :D

I agree that NYRA will probably go dark, but they won’t blame the oversight board. I realize a lot of your statements are tongue-in-cheek, so I'm sure you know that most people aren't fooled by Capital Offense's PR any more than they were by Empire's. They recognize the bad guys in this story for the corrupt, conniving, con men they are. That's why VLTs at BEL are now off the table. :jump:

Common sense tells them the deception practiced prior to obtaining the franchise pales in comparison to what would occur once the weasels got control of Toad Hall. :mad:

If this tale has a happy ending, I'm going to try and attend the Belmont Stakes next year. I've always wanted to give a hand-held betting terminal a workout. :cool:

Indulto

12-31-2007, 03:30 PM

http://leftatthegate.blogspot.com/ (http://leftatthegate.blogspot.com/)
Franchise Fiasco a Team Effort

I’m not going to include any quotes here because there are too many important thoughts contained in this blog entry that need to be read in context. There is also a discussion of Empire among the comments that provide some insight into the renewal process.

This blogger,(Alan), is very good and this entry IMO is the best of his I’ve read.

the little guy

12-31-2007, 04:01 PM

Indulto, how could you continue to believe there wouldn't be racing tomorrow?

InsideThePylons-MW

12-31-2007, 04:13 PM

It's really too bad they got the extension.

Racing needs to hit rock bottom before anything positive will ever happen.

Until then it's just bandages on a almost certain mortal wound.

Indulto

12-31-2007, 04:27 PM

Indulto, how could you continue to believe there wouldn't be racing tomorrow?IF NYRA hasn't compromised it's ownership claim, then I couldn't be happier that your prediction proved the correct one. :ThmbUp:

http://www.drf.com/news/article/91283.html (http://www.drf.com/news/article/91283.html)
NYRA gets extension through Jan. 23
By MATT HEGARTY… “On behalf of our fans, employees, and the participants in the racing industry, NYRA wants to thank Governor Eliot Spitzer and Steven Newman, chair of the oversight board, for their extraordinary efforts to continue racing at Aqeuduct,” a statement released by NYRA on Monday said.

… Still unsettled is NYRA’s long-term future as the operator of the tracks.

… Negotiations on the long-term extension occurred on Friday and Saturday, but NYRA officials have said they were put on hold while they sought the short-term agreement with the oversight board.

… The legislature is scheduled to return to session on Jan. 9, and negotiations on the long-term agreement are expected to begin in earnest at that time.

the little guy

12-31-2007, 05:17 PM

They aren't compromising their ownership claim....you can be sure of that.

Indulto

12-31-2007, 07:21 PM

They aren't compromising their ownership claim....you can be sure of that.And did you ever find any takers to extend your own holdings? ;)

Indulto

12-31-2007, 07:39 PM

http://news.bloodhorse.com/viewstory.asp?id=42935 (http://news.bloodhorse.com/viewstory.asp?id=42935)
New York Franchise Talks Lingering
by Tom Precious… government negotiators failed to resolve the permanent Thoroughbred franchise issue in New York.

Instead, the talks will now slide over into 2008, raising further uncertainty as the franchise negotiations could become embroiled in and linked to other, unrelated matters in an already poisoned atmosphere at the state Capitol.

… Whether another short-term extension will be needed again in three weeks depends on the course of the talks, which will have to now take place in period that includes the governor’s annual State of the State message and the unveiling of his 2008 state budget plan.

… Bruno, in a statement, said an agreement Dec. 31 on the franchise issue did not happen because of “NYRA’s intransigence on remaining issues that would assure accountability and oversight to prevent the mistakes of the past from occurring in the future.”

… While Bruno said he has dropped his demand that a new entity be brought in to run NYRA’s simulcasting operation, sources said that position has not been reflected at the negotiating table. The lawmaker is under growing pressure from business leaders in Saratoga Springs--a city he represents--who are fearful the impasse will have negative consequences on the 2008 summer meet.

By law, a state board that oversees NYRA’s finances takes control of the operation of the three tracks Jan. 1. The panel, in a down-to-the-wire deal reached Dec. 31 along with NYRA and the state attorney general’s office, agreed NYRA will continue the actual running of racing for the next three weeks.

NYRA officials had voiced concern about a temporary extension taking pressure off the state to resolve the broader franchise issue. They also insisted on language that preserves their bankruptcy court claims that NYRA, and not the state, owns the three tracks.

PaceAdvantage

01-01-2008, 02:55 AM

If NYRA shuts down racing, that will make them public enemy number 1, and will most likely be blamed for the shutdown. From that point on, they will lose the PR war that has already dealt them a perilous blow with the recent ads from Capital Play and their financial bankruptcy.

While it may not be obvious to many, the fact that we are now at the last minute of the 11th hour without a permanent deal means Bruno must still have have firm support from his Senate, or he wouldn't have gotten this far. I therefore declare him the winner.This is too funny. PR War? What PR war? I watch TV, I live within easy driving distance from both Belmont and Aqueduct, and I have yet to see this infamous Capital Play ad....and if *I* haven't seen it, you can bet a clear majority of NY State residents haven't seen it either.

Declare Bruno the winner? Winner of what? If anything, he continues to lose face and continues to back peddle on "demands" he made early on in this process.

If anything, it appears that NYRA is inching closer and closer to getting almost everything they have wanted from the beginning.

I'd be shocked if they weren't racing on Jan. 1. It's CALENDAR GIVEAWAY day, dontcha know?

Indulto

01-01-2008, 07:04 AM

This is too funny. PR War? What PR war? I watch TV, I live within easy driving distance from both Belmont and Aqueduct, and I have yet to see this infamous Capital Play ad....and if *I* haven't seen it, you can bet a clear majority of NY State residents haven't seen it either. ...Going by when you posted that, it's likely you were sleeping when those ads ran. ;)

https://www.blogger.com/comment.g?blogID=8711985&postID=5906063737818366213
Franchise Fiasco a Team Effort

Comments

…Anonymous said...… I too was enthralled with Empire, the concept of which came closest to matching my ideal.

In truth, hey had the best horse, but rode it pitifully.

First, they should have formed as a non profit.

Next they should have actively recruited a wide spectrum of resident NY horsemen, of which there are many with the means and motive to have invested the seed money in a not for profit venture.

Third, the initial investors that happened to be elected representatives of the Horseman's Group should have resigned from their positions citing conflict of interest.

Instead, they arbitrarily threw the support of the Group as a whole(this was never voted on) behind a venture in which they individually had a for profit interest. Classic conflict of interest.

The Horsemen as a group should have remained neutral, staying above the fray while representing the horsemen's interest in Albany and with whomever won the franchise, taking the high road as an "interested party".

Instead, by taking sides, and backing the wrong horse to boot, they lost their voice. Thanks a lot.

The next misstep occured when Empire accepted money from NY Racing's competitors, in exchange for the rights to the valuable simulcast signal.

This misguided attempt to claim industry support ruined any remaining chance of being viewed as the locally based entrant with the best interest of NY racing at heart.

Lastly, the hiring of questionable lobbyists and connected PR firms to do be their voice was the straw that broke this thoroughbred's back.

The anti NYRA PR campaign got so nasty that even the Albany politicians were disgusted by it, and thats a tough achievement. …

Indulto

01-01-2008, 07:12 AM

NYPlayer

01-01-2008, 10:12 AM

They aren't compromising their ownership claim....you can be sure of that.

It looks like the agreement was signed late yesterday afternoon, after five days of legal review, and just before it really would have been too late. I'd say some concession was made. The land claim doesn't really matter since NYRA will be around under the new deal anyway. But, if it came to eliminating NYRA, even if the court ruled that they owned the land, the state could recover it under Eminent Domain.

NYPlayer

01-01-2008, 10:37 AM

the little guy

01-01-2008, 10:55 AM

It looks like the agreement was signed late yesterday afternoon, after five days of legal review, and just before it really would have been too late. I'd say some concession was made. The land claim doesn't really matter since NYRA will be around under the new deal anyway. But, if it came to eliminating NYRA, even if the court ruled that they owned the land, the state could recover it under Eminent Domain.

No they couldn't.

Indulto

01-01-2008, 05:55 PM

Originally Posted by NYPlayer
Itlooks like the agreement was signed late yesterday afternoon, after five days of legal review, and just before it really would have been too late. I'd say some concession was made. The land claim doesn't really matter since NYRA will be around under the new deal anyway. But, if it came to eliminating NYRA, even if the court ruled that they owned the land, the state could recover it under Eminent Domain.No they couldn't.Thank you for your ruling, Judge __dy. :lol:

NYP, using your debate methodology, tlg is probably right. If the state could have have recovered it under ED, they likely would have. :jump:

Indulto

01-01-2008, 06:16 PM

http://www.drf.com/news/article/91303.html (http://www.drf.com/news/article/91303.html)
Account contracts await board approval
By DAVID GRENINGThough Aqueduct was open for business on New Year’s Day, fans who wished to wager on that track’s races via TVG, HRTV or Tracknet Media Group were shut out.

… Charlie Hayward said the board refused to address any of NYRA’s contracts before an agreement was reached that would allow NYRA to continue operating Aqueduct after Dec. 31, when its franchise was to expire. That agreement wasn’t finalized until mid-afternoon Monday, Hayward said.

… The board on Monday did approve pre-existing simulcasting and wagering contracts for that extension period. NYRA did not have contracts with HRTV and Tracknet – which owns Xpressbet.com and Twinspires.com – and its contract with TVG had changed dramatically from 2007. In fact, according to Hayward, NYRA and TVG on Tuesday were still working on details on a new contract. …

NYPlayer

01-01-2008, 09:42 PM

NYP, using your debate methodology, tlg is probably right. If the state could have have recovered it under ED, they likely would have. :jump:

Why would they have? The state's disposition is that the tracks are the property of NY. Eminent Domain could be used to reclaim the land if the federal court determined that NYRA owned the land. Without racetracks, the state's thoroughbred horsemen would have no venue for conducting the sport, and would suffer loss. The state has a right to use land for that purpose.

Indulto

01-01-2008, 11:03 PM

Why would they have? The state's disposition is that the tracks are the property of NY. Eminent Domain could be used to reclaim the land if the federal court determined that NYRA owned the land. Without racetracks, the state's thoroughbred horsemen would have no venue for conducting the sport, and would suffer loss. The state has a right to use land for that purpose.NYP,
Let's not make this an issue of past, present, or future tense. :bang:

IF ED were indeed applicable, why did Spitzer go ahead with the MOU? Are you crediting him with cleverly cajoling NYRA into ceding their claim to the land even while certifying their competence to continue operating the franchise? :ThmbUp:

Imagine of all that money going to pay off NYRA creditors that could have been used to pay attorney fees! :rolleyes:

Curse you, Red baron. ;)

Indulto

01-02-2008, 07:06 AM

http://paulmoranattheraces.blogspot.com/2007/12/there-is-little-on-which-it-is-possible.html (http://paulmoranattheraces.blogspot.com/2007/12/there-is-little-on-which-it-is-possible.html)
Saving Belmont from the VLT Huns By Paul Moran

COMMENTS
… A Friend said... … The clamor for VLTs at Belmont is one of the final last desperate measures of an organization losing its grasp after a century of domination. The Town of Hempstead Republican party wants the VLTs to financially support their struggle for survival. Any other professed concern for the citizens of Elmont, Floral Park or other "depressed" communities of western Nassau County is nothing more than flotsam and jetsum.

Unfortunately, the opposition of Shelly Silver is rooted in the preceding explanation. The Democratic Party sees the disintegration of the once invincible Hempstead Republican Party and will thoroughly enjoy stomping on its grave. As we've seen with the Franchise morass, there is no shortage of duplicity and cynicism in Albany. …http://www.timesunion.com/AspStories/story.asp?storyID=651778&category=REGION&newsdate=1/2/2008 (http://www.timesunion.com/AspStories/story.asp?storyID=651778&category=REGION&newsdate=1/2/2008)
Mayor: Track's future still strong
New Saratoga Springs chief says concerns about racing are being addressed
By CATHY WOODRUFF… In his first hours as mayor, Scott T. Johnson was off and running Tuesday in the quest to keep thoroughbred horse racing alive and well in the Spa City.

… Johnson, … , said he spoke with state Senate Republican Majority Leader Joseph L. Bruno, a key player in top-level negotiations over the state's next racing franchise, late Monday on the issue and has been invited to attend a meeting at the Capitol on racing this morning.

After speaking with Bruno, whose district includes part of the city, Johnson said he felt assured that city residents' concerns about continued payments-in-lieu-of-taxes from any operator selected for New York's racing franchise and protection of the historic and architectural integrity of 144-year-old Saratoga Race Course will be addressed in whatever long-term agreement is reached.

"I have been assured that (continued PILOT payments) will be a part of any agreement reached with any franchise," Johnson told reporters.

He said he also hopes that continued preservation of the racetrack, with its Victorian-era architecture and other historic touches, will be more formally addressed in the next franchise agreement. "I think we deserve, as a community, to have something in writing in that regard," Johnson said. "After all, we host the show." …tlg,
I think Johnson was even more excited than Kling may have been that Bruno spoke to him. ;)

Indulto

01-02-2008, 03:01 PM

http://leftatthegate.blogspot.com/
Just Zip It (Almost) A Winter Classic… - Paul Moran opines on his blog that "VLTs at Belmont amount to desecration and those who support their installation are little more than would-be vandals." For the most part, I personally have no argument with slots opponents, and I won't quarrel here with Moran's contention that a racino at Belmont will do little for the surrounding community, though that would remain to be seen. However, Belmont Park, in my opinion, is, in its present state, a desecration upon itself. The cavernous plant, the great majority of which stands unkempt, and unused except on the rarest of occasions, is a stark and dispiriting reminder of the sport's decline; and its sheer size makes it seem depressingly empty even when the crowd is decent by today's standards. If we must have slots in New York - and I suppose we must - I can't think of a better place for them than Belmont Park. It even makes more sense in terms of accessibility via public transportation, assuming that a racino would also entail a refurbishing of the Long Island Railroad station that currently stands as a ruined eyesore. It's a quick half hour or so train ride from Penn Station, while Aqueduct can be reached by subway only by the heartiest of fans. If that makes me a vandal, then so be it. …http://blogs.timesunion.com/capitol/ (http://blogs.timesunion.com/capitol/)
Bruno Criticizes NYRA and Public Integrity Boards
by James M. OdatoSenate Majority Leader Joseph Bruno told reporters today that he wants new blood on the New York Racing Association board and his push for a reconstituted board is one of the holdups in getting a racing franchise deal completed. He said he’s alright with NYRA having the majority of the board members as internal members but the trustees must be different, offering “new imagination.”…http://www.thoroughbredtimes.com/national-news/2008/January/02/Racing-goes-on-as-scheduled-at-Aqueduct.aspx (http://www.thoroughbredtimes.com/national-news/2008/January/02/Racing-goes-on-as-scheduled-at-Aqueduct.aspx)
Racing goes on as scheduled at Aqueduct
by Paul Post…Spitzer’s office announced on Monday that a new permanent franchise should be in place by January 24, with NYRA running the on-track product.

“From the beginning of this process, my priority has been to ensure the stability and growth of the horse racing industry in New York State,” Spitzer said. “I am pleased that the parties have entered into this interim arrangement to ensure the continuity of racing. I am even more pleased that all parties are embracing a construct for racing that is consistent with the goals I’ve previously outlined and includes a long-term franchise for NYRA as a not-for-profit entity whose sole interest is the improvement of racing in New York State.

“I look forward to finalizing franchise legislation for presentation to the legislature in January.” …

Indulto

01-02-2008, 06:32 PM

http://www.fox23news.com/news/local/story.aspx?content_id=e904e2ee-13f3-4d7c-94b3-73fb57bb36be (http://www.fox23news.com/news/local/story.aspx?content_id=e904e2ee-13f3-4d7c-94b3-73fb57bb36be)
Bruno Calls on Governor, Speaker for More Racing Negotiations
by: Walt McClure… Now that the holiday is over, Senate Majority Leader Joe Bruno wants Governor Spitzer and Assembly Speaker Sheldon Silver to come back to the table to reach a permanent deal on the state racing franchise.

… Actual developments on a permanent deal were hard to come by Wednesday, but the governor's staff and the legislative staffs were set to meet to see if they could iron things out.

Surprisingly, Senator Bruno says he and the governor are closer to seeing eye to eye than the Assembly speaker is with either of them.

Sen. Joseph Bruno/R-Majority Leader: “We have the opportunity of a lifetime to fix it through the next...permanently.”

But Senator Joe Bruno says that cannot happen without face to face meetings -- preferably in public -- to negotiate differences over an agreement to give NYRA the state racing franchise for possibly another 30 years.

Bruno says there is a lot of uncertainty for the people whose livelihoods come from racing -- and he believes that NYRA and Assembly Speaker Sheldon Silver are the most to blame for that.

Sen. Joseph Bruno: “They're not as optimistic because they're hanging out over a couple of issues a few issues that we think are important but they're not deal breakers.”

… Sen. Joseph Bruno: “We can fix it now and fixing it now doesn't mean rubber-stamping the status quo that has created the situation that presently exists.”

… A spokesman for Speaker Silver tells me that the issues Senator Bruno is bringing up now are things the speaker has been pushing for from the beginning -- and that it was Bruno who was holding up progress in negotiations until he backed off on some of his positions.

The spokesman also says there will be no announcement on an agreement until a bill is written and the public can see exactly what has been agreed upon.Any speculation as to what Bruno is trying to accomplish in a high-level public meeting? Based on Bruno's recent rhetoric, why should Spitzer and Silver view this as anything other than a way to provide Bruno with a forum to berate them with no guarantee that any progress will actually occur?

the little guy

01-02-2008, 08:00 PM

Bruno is an untrustworthy liar who is now trying to pretend that others are somehow to blame for his disgusting behavoir.

He's a disgrace.

OTM Al

01-02-2008, 08:17 PM

I must agree TLG. Simply put, he wants another new board, so he can put his own people in so as to have more people owe him. Split the casinos away, more boards, more appointees, more people in power in his pocket. Trying to get the simulcasting rights away, which of course would destroy the franchise owner, would simply mean to him the same. And he of course is beeing a bully also as this is one of the first big public things since Spitzer bungled nailing him for the improper use of state property with his helicopter rides...which by the way he is guilty of and it sure cost a lot more than what Hevesi cost the state when he lost his position. I would hope his act has caused the voters in his home district to better see that he could care less about their interests, but somehow jokers like him just keep getting elected.

Bobzilla

01-02-2008, 08:47 PM

Steven Crist's most recent blog entry in the DRF provides a link to an article printed in the 12/10 issue of the New Yorker. It's a fairly long read, but well worth the time, and goes a long way in illuminating many of the real causes behind the personal animus which has, unfortunately, painted the backdrop to this entire f'd up mess. I agree with many of the past posters in regard to Bruno. I only hope more of his constituents in the Capital Region begin to see the real picture.

Indulto

01-02-2008, 09:17 PM

Bruno is an untrustworthy liar who is now trying to pretend that others are somehow to blame for his disgusting behavoir.

He's a disgrace.Whatever else may be said about you, tlg, you are certainly no coward. To mouth off like that at arguably the most powereful individual in Saratoga who knows who you are, and could really make things difficult for you there, takes quite a pair.

I'm finally impressed. :ThmbUp:

Here's an article from another obvious skeptic who, hopefully, will be joined by others inspired by your illustrious candor:

http://wnyt.com/article/stories/S301018.shtml?cat=300
No progress on racing franchise
By: Bill Lambdin… Senate Majority Leader Joe Bruno surfaced Wednesday to brief reporters on what, he says, is holding things up.

“One of them that's got to happen is community input. The Assembly is resisting that,” Bruno said.

For Bruno there's blame for the stand-off to be assigned all around -- except him.

The New York Racing Association current operates the state’s three racetracks – Aqueduct, Belmont and Saratoga – and is the organization that appears will get the racing renewal. But Bruno says they're dragging their feet on reconstituting its board.

“And the real deal breaker is, do you just go forward and rubber stamp the status quo and the mistakes of the past or do we fix the broken model?” the senate majority leader asked.

Bruno complains Assembly Speaker Sheldon Silver is resisting video lottery terminals at Belmont. He says nobody else has a problem putting the pseudo-slot machines there in addition to Aqueduct where they've been planned for years. It's generally agreed that the machine revenue is needed to offset racing losses.

Bruno blames Gov. Spitzer for not pushing Silver harder and not conducting the racing talks in the open.

… Silver announced and then pushed back a media availability from Wednesday afternoon until Thursday. He wants to talk about sub-prime mortgage problems, although he’ll likely face questions about the racing franchise problems.

NYPlayer

01-02-2008, 11:14 PM

NYP,
Let's not make this an issue of past, present, or future tense. :bang:

IF ED were indeed applicable, why did Spitzer go ahead with the MOU? Are you crediting him with cleverly cajoling NYRA into ceding their claim to the land even while certifying their competence to continue operating the franchise? :ThmbUp:

The Spitzer memo is indeed meaningless, as events in the illustrious NY senate demonstrate. The final legislation must, of course, receive a majority vote in the Senate, and I doubt the legislation the Senate votes for matches the terms the governor set forth with NYRA.

Eminent domain is indeed applicable as an option, if the governor was of a mind to fight NYRA. Apparently he is not, and probably signed the memo to placate Hayward knowing Bruno would fight it. Spitzer, by the way, seems awfully nonchalant about the current situation. It's been Bruno on the soapbox.

Indulto

01-03-2008, 12:26 AM

The Spitzer memo is indeed meaningless, as events in the illustrious NY senate demonstrate. The final legislation must, of course, receive a majority vote in the Senate, and I doubt the legislation the Senate votes for matches the terms the governor set forth with NYRA.

Eminent domain is indeed applicable as an option, if the governor was of a mind to fight NYRA. Apparently he is not, and probably signed the memo to placate Hayward knowing Bruno would fight it. Spitzer, by the way, seems awfully nonchalant about the current situation. It's been Bruno on the soapbox.I think Spitzer genuinely believes that NYRA was the best option available, and that as long as the land issue is resolved the way he wants it, he comes out on top.

IMO the last remaining obstacle is slots at BEL. Just as Bruno is calling for NYRA performance standards, Silver can be expected to demand the same of the VLT slots operator at AQU before they can be approved at BEL.

The only performance standard for NYRA that makes any sense to me is ensuring that net revenue increases as well as the percentage of net profit from handle. Any financial performance standard is meaningless without eliminating the senseless competition between NYRA and the OTBs.

Indulto

01-03-2008, 06:45 AM

http://www.capitalnews9.com/content/top_stories/default.asp?ArID=228521 (http://www.capitalnews9.com/content/top_stories/default.asp?ArID=228521)
Still no NYRA deal
By: Kaitlyn Ross… Joe Bruno, the Republican Senate Majority Leader said, "Why don't we have a deal? A permanent deal? Why don't we talk about it?"

… what happens after January 23rd is still a big question mark. Bruno said, "We need reform, where is it? Everything that happens is behind closed doors?"

So why all the secrecy? According to Bruno, it's infighting about the committee members on the oversight committee, money for Video Lottery Terminals and exactly how long NYRA would have control over racing.

… Bruno hinted at a three year deal that's in the works with NYRA which would have specific bench marks for them to hit. He won't say anymore.

… Money for VLT's and the number of committee members don't have a direct impact on the Spa City, but Bruno said unless they're addressed, he's not going forward. Bruno said, "The real deal breaker here is do you just go forward and rubber stamp the status qou which is so clearly broken? Or do you change it and say we have a real chance for change for growth and huge success?"

… Bruno said, "I'm saying that it's there. I need the gov to come into town and sit and say, 'what are the outstanding issues?' And the speaker to come in and say, 'what are the outstanding issues?' let's pick 'em off, we'll do it in twenty minutes!" …Maybe it's Bruno that gets excited when people talk to him. ;)

Indulto

01-03-2008, 09:34 AM

Not sure how keeping people (New Yorkers) from destroying there lives and losing their money is a bad thing for the state to restrict or delay(not that the state delayed the slots for these reasons). Slots are crimnal and do way more harm then helping. I can't imagine that helping a few thousand horseman make a better living is worth slealing millions of dollars from the people.The whole lottery system save the huge jackpots are basic violations on what government is suppose to do. Government was created to protect not to disable people..

As much as I love racing I still think slots are a horrible way to defer it's continued demise.FM,
You and others here may be interested in this link:

http://elmontcivic.blogspot.com/2007/12/why-say-no-to-vlts.html (http://elmontcivic.blogspot.com/2007/12/why-say-no-to-vlts.html)
Locustwood / Gotham Civic Opinion Blog
"The Voice of the People" Elmont, Long Island, New York
Sunday, December 2, 2007Why Say No to VLTs?
There are numerous reasons why we oppose VLTs. Below are just some of the reasons.
1. VLTs provide the most addicting version of gambling. It is highly visual, quick and easy in that it requires no skills. VLTs display the greatest rate of gambling addicts. When gambling appears in a community, it brings a wave of addiction. In a mature gambling market, compulsive gambling typically seizes the lives of 1.5% to 2.5% of the adult population. That amounts to three to five times the number of people suffering from cancer. The New York Times published that brining VLTs is like going on the Wrong Track. And I quote, "The state should not be expanding gambling at its racetracks - the euphemistically named slot machines that are a gambler's version of crack cocaine."There are ten more points supporting the first one above.… We agree in a plan for beautification. We agree with a plan to improve upon the restaurants (3-4) already inside Belmont Park and perhaps add another. We agree to install stores and shops. We also would be in favor of a convention center / hotel inside Belmont Park, similar in nature to the historic club house demolished in 1960. Something that will highlight and showcase the historic nature of the grounds. There is no need for VLTs nor their consequences. ...I found the link to the civic opinion blog in the following Moran Blog entry comment section:

http://paulmoranattheraces.blogspot.com/2007/12/there-is-little-on-which-it-is-possible.html (http://paulmoranattheraces.blogspot.com/2007/12/there-is-little-on-which-it-is-possible.html)
Saving Belmont from the VLT Huns

Comments

…alydarjk said...… regarding the VLT question and Belmont. It is payback politics. Senator Skelos, of Nassau County, is the second in command to Senator Bruno. The connection to the rejection of the VLTs is clear. That said, what the world doesn't need is another casino. It is not the panacea that the government believes for financial woes. Ask the folks at Gulfstream. Better racetracks are needed-not more slots.… Friend of Elmont (http://elmontcivic.blogspot.com/2007/12/why-say-no-to-vlts.html) said...Everyone remains fascinated by the history of Saratoga. It's a shame that everyone forgot that Belmont has a far much richer, and more famous history. In addition, Belmont's history is not limited to just horse racing.
VLTs are being pushed by NYS Republicans, not necessarily ToH Republicans. That needs to be cleared out.
A good majority of the people surrounding Belmont Park are actually not to favor of them. Hopefully, Belmont Park will retain its quality of horse racing and its legacy and that its image is not hindered by that of VLTs.

Indulto

01-03-2008, 03:23 PM

http://www.thoroughbredtimes.com/national-news/2008/January/03/Bruno-Spitzer-sniping-escalates-as-NY-racing-awaits-its-fate.aspx (http://www.thoroughbredtimes.com/national-news/2008/January/03/Bruno-Spitzer-sniping-escalates-as-NY-racing-awaits-its-fate.aspx)
Bruno, Spitzer sniping escalates as NY racing awaits its fate
by Paul Post… Silver recently told the New York Daily News that Bruno only wants to talk about racing, while many other state problems need solving.

“The governor has expressed his willingness to sit down and govern,” he said. “The NYRA issue, basically, Senator Bruno has said that’s the only issue you can talk about. I’m sorry, there are other issues.”

… New York is losing huge sums of potential revenue to Canada and neighboring states, such as Connecticut and New Jersey that have full-blown casinos. Also, Pennsylvania has 62,000 slot machines “while we‘ve been fiddling for the past four years,” Bruno said.

… Silver has remained firm in his belief that gaming should be limited to Aqueduct alone. Staff members have declined to explain his reasoning.

“The governor agrees with us,” Bruno said about Belmont gaming. “Where is the speaker living?”

… Bruno also wants the next franchise to include community advisory boards that would provide input and oversight for the way each track is run.

… Bruno said Silver is opposed to community oversight.

… Bruno, however, says that plan [MOU] does not give horsemen a fair share of revenues and he has called for the resignation of the current NYRA board, which he said has been plagued by “mediocrity and failure.“

He said new people are needed to bring fresh ideas and input to the association, but he said top executive positions are an internal matter that should be decided by NYRA itself. …http://cityroom.blogs.nytimes.com/2008/01/03/silver-wont-quit-his-second-job/ (http://cityroom.blogs.nytimes.com/2008/01/03/silver-wont-quit-his-second-job/)
Silver Won’t Quit His Second Job
By Danny Hakim… “To my knowledge, I’m not under investigation as a result of my second job,” Mr. Silver said, referring to the fact that Mr. Bruno is facing a federal inquiry into his outside business interests. “I didn’t think I needed to make that statement, so I’m currently contemplating continuing to live within the law, making disclosures that are required by the law, and do that.”

… Last month, Mr. Bruno left his longtime post at a Connecticut investment company, Wright Investors’ Service, after a report in The New York Times detailed the company’s handling of tens of millions of pension fund dollars for more than half a dozen union locals in and around the senator’s district. Neither Mr. Bruno nor the company has ever said what he did beyond “business development.”

... “Let me very clearly state that nobody ever raised any serious questions about the kind of work that I do, it’s on my ethics form, and as far as certain principles that I might believe in, whether I give up a second job or not is not going to change my core beliefs in terms of who should be responsible to causing damages and injury to individual people.”

… He made his comments after a press conference to unveil a new Assembly plan to aid homeowners facing default. Among other things during a question-and-answer session, he reiterated his opposition to putting video gambling machines at Belmont, a sticking point in torturous negotiations over the future of the state’s three thoroughbred racing tracks — Belmont, Aqueduct and Saratoga.

… Asked about Mr. Bruno’s recent statements that the speaker has become overly beholden to the governor, Mr. Silver said: “The first principle we learned in law school was that if you’re wrong on the facts and you’re wrong on the law, dazzle ‘em with your baloney. I don’t know how far the senator went in law school, but he has that principle down.”

shanta

01-03-2008, 03:33 PM

Indulto

01-03-2008, 06:09 PM

Relating to Silver from the article:

"Silver has remained firm in his belief that gaming should be limited to Aqueduct alone. Staff members have declined to explain his reasoning."

"Bruno said Silver is opposed to community oversight."

This Silver is a nightmare. He has his blasted mitts in so many pockets it's ridiculous. :ThmbDown: :ThmbDown:

We're screwedS,
Permit me to play devil’s advocate here.

What has Silver done to incur horseplayer wrath? He supports the MOU. He appears to be against slots at BEL, not as an anti-gambling advocate, but from a community preservation standpoint. (Is he against Indian Casinos?). He’s been accused of wanting to keep slots out of BEL to divert all the revenue to Queens (NYC?), but how will they maximize slot revenue with competing racinos so close together and why should racing be de-emphasized at both venues?

Is his priority for non-racing issues unjustified? He’s not standing in Spitzer’s way with regard to the franchise…only Bruno’s whose goals and motives are questionable at best.

I don’t follow the other political issues in NY, but Silver apparently has served long enough to acquire unreasonable power, and on that basis alone, should probably be replaced (assuming it would be by someone no less competent) at the same time Bruno is.

I’m sure I’ll hear plenty for this post. ;)

Indulto

01-04-2008, 02:16 AM

http://news.bloodhorse.com/viewstory.asp?id=42971
New York Franchise a War of Words
by Tom Precious… After weeks of pounding by Republicans, Democratic Assembly Speaker Sheldon Silver charged that Senate Majority Leader Joseph Bruno is to blame for the lack of progress. Silver said a deal could have been made in August if the senator was serious about resolving the matter.

After Bruno questioned Silver’s leadership abilities, it was the Manhattan Democrat’s turn on Jan. 3. He said if Bruno had “cooperated” with the Assembly and Gov. Eliot Spitzer during the summer, the current scenario for New York’s Thoroughbred racing franchise would have been avoided.

Silver also accused Bruno of trying to keep intact two current state government regulatory panels that are dominated by Republicans appointed by the previous governor, George Pataki. And he said Bruno’s franchise plan calls for driving some proceeds from a video lottery terminal casino at Aqueduct--along with one the senator wants at Belmont Park--to Republican-led towns and schools in the districts of Bruno’s fellow GOP lawmakers.

… “He’s not telling the truth,” McArdle said of Silver. He said Assembly negotiators also “blew off” a closed-door meeting Jan. 2 to try to resolve differences between the sides.

… Silver again voiced his opposition to a VLT casino at Belmont. Aqueduct in 2001 was approved for a casino development, but a host of factors has kept the facility from being built.

“Belmont VLTs are the least important issue in this state,” Silver said.

Silver said the “case has not been made” that a casino in Belmont would work. He said having another casino so close to Aqueduct’s future facility would saturate the market. He also dismissed estimates that the casinos would generate $400 or more per machine in daily revenue. …

samyn on the green

01-04-2008, 02:28 AM

This slot issue is the biggest cash grab in New York since the Lufthansa Heist from JFK. The democrat slots at Aqueduct and the Republican slots at Belmont. Nobody gets a thing until everyone gets a piece of the action.

Does anyone else get the impression that the only people that realize what is happening in NY politics are horse players? No where else do I see this blatant corruption reported or talked about. I am embarrassed that I pay taxes to support this boondoggle.

highnote

01-04-2008, 02:46 AM

Indulto

01-04-2008, 06:49 AM

http://blogs.timesunion.com/capitol/
Silver Speaks Ill of VLTs, Bruno
by James M. Odato… Silver told reporters today he continues to dislike the notion of video lottery terminals at Belmont Park and doesn’t understand why supporters of such betting machines have such loftly expectations of revenues from them.

Silver said putting VLTs at Belmont would likely hurt a proposed casino at the Aqueduct track and the one already struggling at Yonkers Raceway, where per-machine revenues are well below expectations.

“People who have sold this idea of VLTts say $400 a day in revenue. It hasn’t happened anywhere in the state - not at Yonkers . . . Monticello. None of them have broken $200 a day. To put more machines five minutes from the existing authorization is only going to provide a saturation of machines . . . I really don’t understand, and the case has not been made to me . … as to why these machines at Belmont are so critical to the operation of the State of New York.” …http://www.nydailynews.com/news/2008/01/04/2008-01-04_silver_opposes_belmont_video_lottery-1.html
Silver opposes Belmont video lottery
By Joe Mahoney… Silver said he was out to prevent a "saturation" of gambling in the city and suburbs. He said gamblers will have plenty of opportunities to risk their money at Aqueduct, once the Queens track becomes a full-fledged "racino" featuring thousands of VLTs. The harness race track in Yonkers already has the machines, he said.

… Despite the delays, Silver insisted, "Negotiations are now moving ahead," and the franchise agreement could be hashed out by the time an extension awarded to the New York Racing Association expires on Jan. 23.

A spokesman for Bruno said Belmont, located in Nassau County just across the Queens border, needs VLTs to become "a true tourist destination." …http://www.timesunion.com/AspStories/story.asp?storyID=652381&category=OPINION&newsdate=1/4/2008
NYRA's board blinked, and horse racing in New York won
By Fred LeBrun…at the end of the day there will be few surprises over the franchise renewal. NYRA will run racing, Saratoga will remain unchanged and largely unaffected; there will be no VLTs at Belmont, and Aqueduct will be essentially a casino with horse sweat.

The major hold-up in getting a permanent agreement has been the bone-headed board of trustees governing NYRA. The current board has been unusually stubborn about staying in place, and that's caused all kinds of delay. For the longest time, the assumption was the governor's office had the resignations of the sitting board members in hand, and that members would eventually do their duty. That turned out to be not so. And efforts to remove the sitting board met with extreme resistance, creating a frustrating impasse.

… The latest board-busting move worked out between Assembly Speaker Shelly Silver, the governor and Bruno simply shrinks the size of the board, and its makeup. Bruno has been instrumental in insisting the new board have a far broader representation from the horse racing industry than the current owners and breeders.

NYRA will continue to have a majority on the new board, but with nine fewer actual appointees than it has now. A neat twist of the knife, because in that arrangement NYRA has to reduce its own representation and sack some board members who are adamant on staying.

… Bruno is right for wanting more transparent oversight of NYRA, and changing the makeup of the governing board. That, and getting quality individuals on the new board, which comes at the insistence of the governor's office.

Along with the reconstituted board, we are apt to see new benchmarks established to grade NYRA periodically on how it's doing compared to the rest of the country, and advisory groups peeking in on its activities …http://leftatthegate.blogspot.com/2008/01/thursday-night-notes-jan-3.html
… I have it on good authority that the take at Yonkers is over $200 - it was reported to be $230 in this column from October - but Silver certainly makes a reasonable point given the disappointing VLT numbers we've seen. If there's only to be one racino, I personally think that Belmont makes a lot of sense for a number of reasons. Besides it size and accessibility via the railroad, an upscale establishment at Belmont could be marketed to the affluent Long Island suburbs just to its east; people who can actually afford it. I could see my parents making the trip from nearby Manhasset to see Steve and Edyie at Belmont; but probably not in Ozone Park.

OK, maybe in Ozone Park too. The fact is that without slots, Aqueduct would probably shut down, which would be a disaster for New York racing as far as I'm concerned, so of course it has to have them. Silver is looking to tie other issues in with the franchise, and will certainly demand a heavy price for his giving in on the issue. …

Indulto

01-04-2008, 03:44 PM

Video of Silver at this link:

http://www.capitalnews9.com/content/your_news/saratoga/?SecID=231&ArID=228633 (http://www.capitalnews9.com/content/your_news/saratoga/?SecID=231&ArID=228633)
By Kaitlyn Ross... Assembly Speaker Sheldon Silver fired back at Senate Majority Leader Joe Bruno, saying that it's the senator who's holding up the deal.

Silver said, "It's only now that we've reached these final critical days and deadlines that the Senate is finally starting to look at these issues."

… Silver said, "I don't really understand. The case hasn't been made to me or the members of the Democratic conference as to why these machines in Belmont are so critical to the State of New York. It's almost unrealistic to make that assumption."

… Regardless of the progress on the machines, Silver said they're making headway.

Silver said, "Let me now make it clear. The negotiations are now moving forward in a positive direction. Details are being worked out."

The exact details of that elusive agreement have been sparse. NYRA, Governor Spitzer, Bruno and Silver have been tight-lipped about the arrangement.

Silver said, "Clearly we're moving forward, but we're not ready to declare victory." …http://paulmoranattheraces.blogspot.com/2008/01/all-in-neighborhood.html (http://paulmoranattheraces.blogspot.com/2008/01/all-in-neighborhood.html)
ALL In The Neighborhood
By Paul Moran… configuration of the NYRA board of trustees with an increase in political appointments. Since there is no pay associated with membership on the board, these are unlikely to be high level appointments made by the governor, assembly speaker and senate majority leader. It may be difficult to get these people to meetings without the promise of free lunch.

Sen. Joe Bruno wants certain performance standards met in relation to attendance and purse guarantees. What’s wrong with this man? Attendance is no longer a meaningful issue. Someone please tell the senator about OTB, in-home simulcasting, phone accounts and the Internet. Purses are set by statue. They are already guaranteed and are expected to increase by about 30 percent after the VLT casino at Aqueduct is operational. Bruno has a great capacity for creating the illusion of issues where none exist. .. The now unrestrained Moran then proceeded
to deal with the “issue of community involvement.”

http://leftatthegate.blogspot.com/2008/01/bruno-seeking-higher-horsemen-cut.html (http://leftatthegate.blogspot.com/2008/01/bruno-seeking-higher-horsemen-cut.html)
Bruno Seeking Higher Horsemen Cut… I criticized the Senate Majority Leader for taking stances which I felt were more self-serving than for the good of the industry, questioning why, for example, he wasn't pressing for a larger cut of slots money for horsemen.

Well, he is. …
… Bruno says that the plan does not give horsemen a fair share of revenues. The MOU grants horsemen only 6.5% of slots revenue. That's less than any of the present racinos at the state's harness tracks; and pending legislation contains percentages of 8.25% and 8.75% in the Senate and Assembly versions respectively (with a carve-out allowing NYRA to have their own agreement).

I'd like to believe that Bruno is sincerely standing up for the industry against Spitzer and Silver, neither of whom have shown any indication that they care at all.

… I'd certainly like to hear more talk from the Senator of consolidating the OTB's, or of demanding a written plan on physical improvements to the downstate tracks. …COMMENTS

… jk said...… As far as the horseman's cut, it sounds heroic to stand up for more money for them. The question is at who's expense?

Most of the VLT/slot parlors in NY are performing poorly. The slot operators say they need a higher cut of the take to promote slots.

Does the Bruno proposal shortchange the new slot machine operator? In theory, there should be plenty of money for horseman and the slot operator. Why, at this late date, has this become a hot button issue?

Pace Cap'n

01-04-2008, 04:08 PM

You started a pretty good thread, but you forgot to state what year...

hibiscus

01-04-2008, 06:34 PM

A spokesman for Bruno said Belmont, located in Nassau County just across the Queens border, needs VLTs to become "a true tourist destination." …

That could be the most idiotic comment I've seen yet on this topic...and I've seen many.

Indulto

01-05-2008, 06:53 AM

http://www.newsday.com/news/local/state/ny-strace045524769jan04,0,495587.story
Assemb. Sheldon Silver opposes VLTs for Belmont
BY JAMES T. MADORE AND BART JONES… Assembly Speaker Sheldon Silver, in his strongest comments to date, yesterday voiced staunch opposition to installing slotlike machines at Belmont Park horse-racing track, saying it would "saturate" the metropolitan area with gambling and not generate the promised millions of dollars in revenue for the state.

… Without his support, legislation giving Belmont the lottery terminals is doomed despite strong backing from the Senate's Republican majority and Gov. Eliot Spitzer, a fellow Democrat.

… Silver has called for the issue to be set aside until budget negotiations begin in the spring.

… Gubernatorial spokesman Jeffrey Gordon declined to comment on Belmont specifically but said Spitzer was focused "on continuing to make progress" in the racing talks. …http://leftatthegate.blogspot.com/2008/01/thursday-night-notes-jan-3.html

comments:

ljk (http://www.blogger.com/profile/15345829432231688681) said...… Charlie was on Capital OTB during the Spa meet saying they had previously considered how to race winter long at Belmont. Seems to me he discussed utilizing the training track with a winterized or synthetic surface and smaller heated facility that could handle the "modest" winter attendance. I don't think that would be a disaster.

A month or two of no racing (a political impossibility) wouldn't be a disaster eitheralan said...… my comment is based on the thought of 10 1/2 months of one-turn dirt racing at Belmont. …
… it's the change from one-turn to two-turns and back again which I think provides a lot of angles and juice throughout the year.

… Belmont is aligned so that the sun would never shine on the front of the track during the winter …

… If Charlie has a plan to conduct two-turn races at an alternate oval at the Belmont site - one that people can actually go outdoors and observe without freezing to death - then I'd have an open mind about it.When the state takes possession of the tracks, its intended mission is to use that land to conduct thoroughbred racing. VLTs at AQU fueling purses at BEL and SAR while AQU provides stabling/training facilities in support of live racing still fulfills that primary purpose.

Surely its function is NOT to provide politicians and wealthy entrepreneurs with an opportunity to enrich themselves further at the expense of New York residents, industry workers, and racing fans nationwide.

At best, installing slots at AQU is a compromise of conscience forced on the racing franchisee by lack of management foresight and political avarice. The community hosting the AQU racino will likely pay a quality-of-living price that many of its taxpaying residents aren’t willing to pay even if others are.

It seems to me that Silver is showing himself to be more a man of principle and friend of the racing fan than Spitzer and Bruno combined. He is right to defer any immediate consideration of BEL VLTs. If the optimism of slots advocates proves justified, VLTs can always be approved elsewhere; and not necessarily confined to racetracks.

The racetracks are supposed to become the property of the state, not the local communities in which they are located. IMO VLTs on that property should exist there primarily to maintain thoroughbred racing as a self-sustaining entertainment attraction for generations of racing fans. If additional revenue can be generated beyond the legitimate needs of the non-profit racing franchisee, then it should benefit STATE residents, collectively … not private stockholders, individually. Meaningful oversight in that area is indeed warranted.

I’m not sure to what extent non-wealthy slotsplayers and local residents will be negatively-impacted by VLTs, but it seems to me that the less-than-enthusiastic response to slots in other parts of the state justifies caution as well as a wait-and-see approach with regard to BEL.

Indulto

01-06-2008, 05:32 PM

http://paulmoranattheraces.blogspot.com/2008/01/all-in-neighborhood.html
All in the Neighborhood
Comments:

… Michael McGuire said... … Belmont Park is a hulking neighbor casting a large and menacing shadow with the uncertain plans proposed. The low rent businesses on Hempstead Tpk are a reflection of many things but largely diminished attendance to the park. …

… I know that as long time resident I cannot ever recall any outreach from the racetrack toward the residential community. I agree that the day care debate was a particularly ugly and xenophobic incident but the park lies in unincorporated Town of Hempstead. The location for the day care center was opposed by Floral Park (wrongly in my opinion)but they had no jurisdiction over the decision. I know there are plenty of NIMBY's in the adjacent communities but large scale development ,transportation infrastructure and casino activity are community altering events that people are frightened by and have been given very little information or reassurances. I am in favor of many of the ideas for Belmont as a resident and business owner but understand many of my neighbors concerns. …http://en.wikipedia.org/wiki/NIMBY
NIMBY (an acronym of Not In My Back Yard) describes the opposition of residents to the nearby location of something they consider undesirable, even if it is generally considered a benefit for many.

theiman

01-06-2008, 06:48 PM

http://paulmoranattheraces.blogspot.com/2008/01/all-in-neighborhood.html
All in the Neighborhood
Comments:

… Michael McGuire said... http://en.wikipedia.org/wiki/NIMBY

I know there are plenty of NIMBY's in the adjacent communities but large scale development ,transportation infrastructure and casino activity are community altering events that people are frightened by and have been given very little information or reassurances. I am in favor of many of the ideas for Belmont as a resident and business owner but understand many of my neighbors concerns. …

What exactly are the people in the neighboorhood scared of by having slots installed at Belmont?

Large scale development? Wouldnt the slots be installed inside of the Belmont main building? Even if they werent they would still be inside of the fenced perimeter of Belmont, not outside.

Transportation was mentioned. Wouldnt that mean more LIRR trains coming into the track. How does this affect the area? For all I know the train tracks at Belmont are on the city side of the border. I doubt there would be a major influx of buses coming to Hempstead Turnpike, even if they did most would come from the city side and turn directly into Belmont as they do now. 95% of the car traffic would be on the Cross Island, which is in NYC and would enter straight into the parking lots.

And of course the all famous "Casino Activity" line, that has turned the inside of AC and LV and Indian casinos into scary places.

All of these are suppsed to be community altering events that people are frightened by?

What a bunch of bull crap.

99% of the people who would go to Belmont for slots action will probably eat at a restaurant or buffet that they would build inside the building. I doubt any would stop for anything on Hempstead Tpke, other than gas.

I dont know, but has anyone in the Yonkers area complained about the slots at their track? If so what were their complaints about.

It sounds more like community posturing supported by elected officials saying we want our hand in the kitty or you cant come in.

classhandicapper

01-06-2008, 07:05 PM

hibiscus

01-06-2008, 08:05 PM

Indulto

01-06-2008, 09:24 PM

With all due respect, this thread is a huge waste of time and energy.

The probability of Spitzer, Bruno, Silver, NYRA, or any other similar entity or group fixing racing over time is 0%.

The probability of them destroying economic value of all sorts is 100%.

They may meet some goals while destroying value, but they aren't even smart enough to recognize that and neither arel most horse players.

I don't even have to know any of these guys personally to know that they are all a bunch of self centered corrupt morons that don't even understand basic economics or business. This is all beyond a joke. This is the undoubtedly the dumbest or 2nd dumbest industry on the planet (the people that run pocket billiards may be even dumber). It's hopeless. Make your bets and watch politicians, fools, and corrupt scum sink this game further into the abyss. That's all you can do.CH,
Was one of your New Year's resolutions to go off anti-depressants? ;)

With all due respect -- and you have always had mine -- if this thread nelped open any additional eyes to the variety of negative aspects of this franchise renewal process to which you've referred, then I have no regets about any time and energy that I expended. Following this circus has certainly been as entertaining as frustrating.

But I disagree that we have to watch it sink slowly. We can become moth collectors and stop opening our wallets until reason prevails. That's the only answer.

Indulto

01-07-2008, 09:21 AM

Cheer up, CH.

Based on some of your earlier posts, I suspect the following article is more in line with your thinking, although I don’t know your position regarding Silver and Slots:

http://www.newsday.com/news/columnists/ny-opkea5528881jan07,0,7413679.column
New York racetracks mismanaged by state
Raymond J. Keating… The ongoing saga over thoroughbred horse racing serves as a glaring example. It shows that the last people you want operating a business or industry are politicians and their appointees.

… NYRA is a quasi-government, nonprofit entity that has wasted track assets, been plagued by various scandals, received assorted taxpayer bailouts, filed for bankruptcy and done nothing to stem the dramatic decline of racing in New York.

… For good measure, Silver is opposed to slots at Belmont. He says he's worried about the saturation of gambling. Hmmm, so VLTs could be trouble at Belmont Park, but not at other racetracks? And what about gambling through the state lottery, and government-owned and operated Off- Track Betting sites?

Seems a bit inconsistent, don't you think? The potential benefits to racing and Belmont Park from slots are denied due to the peculiarities and inconsistencies of one politician.

Finally, don't forget the recent cries of poverty at New York City OTB. While long a patronage cesspool, city and state politicians are arguing anew over revenue-sharing rules.

Mayor Michael Bloomberg even threatened to close down the city's OTB without a better deal from the state. Yeah, right, like Bloomberg would dump the patronage plums and 1,400 union jobs.

This is what happens when government is in charge. Battles over political turf are waged. Delays and incompetence become the norm. Politicians wrestle over how to get their hands on more dollars to spend, while protecting their buddies. And failure is rewarded.

… What needs to be done is obvious. Privatize OTB, and either sell off or have a private operator run the state's three racetracks. Socialism doesn't work, including in horse racing. Will New York politicians ever get it?Perhaps Keating didn’t read the following article:

http://www.zwire.com/site/news.cfm?newsid=19166867&BRD=1601&PAG=461&dept_id=479855&rfi=6
Neighbors bet against OTB plans
By Mike CaputoResidents in North Lawrence and Inwood said they are determined to end up in the winner's circle as they fight a proposal by OTB to relocate in their neighborhood.

Nassau Downs Off-Track Betting President Dino Amoroso did not get a warm welcome at a community meeting held in Inwood's Sons of Italy Hall on Dec. 18. Nearly 50 residents were invited to participate in a question-and-answer session with Amoroso, who is seriously considering a move from the current OTB location, …

… "It is a peaceful neighborhood and they are going to disturb our quality of life there," … , a longtime Inwood community leader who set up the public forum with Amoroso. "Everyone knows what OTB brings into the community and we are just not going to tolerate it."

An expired lease at OTB's current North Lawrence location in the Falcaro Shopping Center has forced Amoroso to look elsewhere. …

... Angry residents frequently interrupted Amoroso's opening presentation, expressing concern about OTB's clientele. While loitering outside the current property, OTB patrons have been seen urinating in public, drinking alcohol and bothering pedestrians, some residents said.

… In a phone interview, Amoroso denied that the OTB at its current location was responsible for an upswing in crime after analyzing police reports on file. According to police, there have been six reported incidents at the OTB within the last two years. A detective said none of the documented incidents were "major" and that the establishment is not viewed as a high-crime area.

… Nassau Downs OTB locations do not serve alcohol and are adequately staffed with security personnel, Amoroso said. … Opponents argued that the OTB attracts an undesirable crowd from outside Inwood and North Lawrence.

… Nassau Downs has yet to strike a lease … Amoroso said he is waiting to receive a letter from the community group, which would document concerns from the neighbors. …It doesn’t sound as if they’d like slots, either.

classhandicapper

01-07-2008, 07:39 PM

CH,
Was one of your New Year's resolutions to go off anti-depressants? ;)

With all due respect -- and you have always had mine -- if this thread nelped open any additional eyes to the variety of negative aspects of this franchise renewal process to which you've referred, then I have no regets about any time and energy that I expended. Following this circus has certainly been as entertaining as frustrating.

But I disagree that we have to watch it sink slowly. We can become moth collectors and stop opening our wallets until reason prevails. That's the only answer.

I take back the "waste of time" part of my comments. I just think it's hopeless. I guess watching some of the presidential debates has reinforced those feelings.

NYPlayer

01-07-2008, 10:31 PM

...The probability of Spitzer, Bruno, Silver, NYRA, or any other similar entity or group fixing racing over time is 0%...

...This is all beyond a joke. This is the undoubtedly the dumbest or 2nd dumbest industry on the planet (the people that run pocket billiards may be even dumber). It's hopeless. Make your bets and watch politicians, fools, and corrupt scum sink this game further into the abyss. That's all you can do.

I feel pretty much the same way you do. At least Bruno (who favors privatization) is working to incorporate some oversight measures that will keep NYRA under scrutiny and as a result more in the public eye. I feel reassured that privatization is, ultimately, the correct solution. Here's a link to the poll results that show that better than 65% of NY state residents feel the same way.

http://www.capitalplayny.com/pdf/project-07799-new-york.pdf.

The game in NY will go on, but by NY making the mistake of keeping the same organization, with all of its deficiencies, only helps the competition like Magna and CDSN. Those private enterprises have a vision for the future of the game and have renovated racetracks, and incorporate other gaming alternatives where possible. MTR gaming is one example where the racino model is clearly working.

So I'll continue to place my bets and watch the politicians and NYRA beauracrats play their little games, knowing that, in the end, the industry will continue to thrive and be transformed by profiteering visionaries in jurisdications that are possessed of common sense and the foresight to understand that change is a necessary and good thing.

Indulto

01-08-2008, 06:29 AM

http://www.newsday.com/news/opinion/ny-vpnyra085529734jan08,0,3859716.story
Editorial: Belmont should get share of video lottery terminal monies… The speaker is adamantly opposed to these high-tech slot machines at Belmont, even though it's clearly the better location for an entertainment destination and could bring more than $1 million a day to the state. His city delegation wants Aqueduct to be the sole local VLT venue, because that's the only way the aging Queens track survives the developers.

Apparently, Gov. Eliot Spitzer and Senate Majority Leader Joseph Bruno (R-Brunswick) will let Silver have his way for now. They've offered the dubious promise that Belmont VLTs will be revisited during budget negotiations, when there are more opportunities to deal - a risky and disappointing strategy, because Silver may never put Belmont in play.

Meanwhile, state leaders need to deliver a partial winning ticket to the Belmont community before any racing deal is reached this month. Belmont should at least get the same amount of host community money as Aqueduct does, and those funds should flow from the very first day the machines start whirling in Queens. And none of Belmont's money should cross the Nassau line, despite the few parking spaces and exit ramp that lie within Silver's city limits.

DerbyTrail

01-08-2008, 08:33 AM

The game in NY will go on, but by NY making the mistake of keeping the same organization, with all of its deficiencies, only helps the competition like Magna and CDSN. Those private enterprises have a vision for the future of the game and have renovated racetracks, and incorporate other gaming alternatives where possible. MTR gaming is one example where the racino model is clearly working.
Remarkable...

Bruno is in favor of 'privatization'? Really? When did he say that? He's in favor of getting a grip on franchise revenues to pay back the people who have been schmeering him and his dolt son for the past three years. NOTHING ELSE. Enough already with trying to legitimize his senility-addled machinations.

And which 'vision' that CDI and Magna has forwarded are you championing? The ruination of Gulfstream Park? The unfulfilled promises at nearly every Magna venue? The squandering of tens of millions of dollars that has MEI devalued to the point where it can no longer borrow a dime and is desperate to sell off as much property as it can?

Maybe it's CDI's renovated Churchill you're impressed with... Ask the KY horsemen how they feel about CDI's "vision". They spent $140MM to renovate CD for the 2 days people actually go there, and are paying for it by sticking it to the backstretch. How's their 'vision' working out at Calder? And their 'vision' having sold off Hollywood guaranteeing it gets bulldozed by 2010?

MTR is an example where racino is working? That's laughable. No one at MTR even knows there are horses running. The horsemen complain endlessly about how the track is maintained as the Gaming Execs do everything they can do to minimize the racing aspect there despite raking in junketeer nickels and dimes. (If you're going to use an example of success, at least use Remington, New Mexico and Pennsylvania.)

As usual, no realities actually apply when it comes to NYRA bashing.

hibiscus

01-08-2008, 10:13 AM

Excellent post Derby Trail. Couldn't have said it better myself.

OTM Al

01-08-2008, 11:30 AM

Indulto

01-08-2008, 12:15 PM

Not that I would wish this on anyone, even someone as much as I dislike as him, but this is probably going to put all business in Albany on hold for a couple days at least

http://www.nydailynews.com/news/politics/2008/01/08/2008-01-08_joe_brunos_wife_barbara_has_died-1.html
From the article:… Barbara Bruno, the wife of Senate GOP leader Joe Bruno, died Monday at the couple's home in Rensselaer County after a long battle with Alzheimer's disease. She was 77.

… Mayor Bloomberg said in a statement last night: "I have enormous admiration for the constant dedication that Joe showed to Barbara, which speaks volumes about his character."Few who have not actually experienced the not unusual agony and futility of caring for a loved one afflicted with this disease can appreciate its sometimes wrenching effects on the families involved.

One doesn’t have to agree with Mr. Bruno’s positions or approve of his actions to feel great sympathy for him. To say that one’s judgment can be clouded under such circumstances is an understatement.

Indulto

01-08-2008, 12:55 PM

http://news.bloodhorse.com/viewstory.asp?id=43035
New York Jockeys Call for Solutions
by Blood-Horse Staff… “This is the perfect time to initiate change,” said jockey John Velazquez, who is also the chairman of the board of directors of the Jockeys’ Guild. … We need to come up with a plan that better incorporates the OTB systems and maximizes VLT revenues to make New York racing the world leader and provides a long-term solution for the industry. New York is all about being the best. It’s practically the state motto. Racing fans in New York deserve no less. We have that opportunity right now.

“Purses and awards need to be increased," Velazquez continued. "Horsemen and breeders require a fair share of the VLT revenues. Facilities must to be improved and safety issues need to be addressed.”

… “Safety should be beyond discussion,” said Velazquez. “But the horsemen, breeders and jockeys need to have input into the decision-making process at the track and become partners with the franchise holder in presenting the best possible product to the fans. …Add horseplaying customers to that mix.

Indulto

01-08-2008, 03:08 PM

http://www.newsday.com/news/local/nassau/ny-linyra085529911jan08,0,4829051.story
VLTs no gamble, Jacobs says
Nassau legislator wants NY Assembly's Sheldon Silver to think twice about opposition to Belmont machines
BY BART JONES… Silver last week used his strongest language yet to state his opposition to VLTs at the track, prompting Jacobs - a fellow Democrat - to send him a letter.

"Nassau County would benefit greatly from this major source of employment, revenue and entertainment, not only in the immediate surrounding area, but for the entire county," Jacobs said.

… "It makes no sense that I can see to single out Belmont and not install VLTs," she said. "Instead of reinvigorating a shrinking economy, expanding a tax base, and providing funds for the local school system, we are watching our communities being passed over."

VLTs are potential pots of gold. The 4,500 proposed for Aqueduct are expected to produce up to $500 million a year in revenue. Most of that money is earmarked for education.

Jacobs joined other Nassau politicians including County Executive Thomas Suozzi, state Sen. Craig Johnson (D-Port Washington) and state Sen. Dean Skelos (R-Rockville Centre) who support VLTs at Belmont. So do Gov. Eliot Spitzer and state Senate Majority Leader Joseph Bruno, who are at odds with one another on most issues.

… With NYRA granted an extension to continue operating the tracks until Jan. 23, officials continued negotiating last weekend and yesterday.Wouldn’t Nassau County local schools benefit from the revenue already earmarked for education?

the little guy

01-08-2008, 03:28 PM

Add horseplaying customers to that mix.

Well, I suppose you could say that this just about sums up their selfishness and lack of awareness, but there is so much that is preposterous about this and the entire position of the jockeys that this is only a sliver sliding off their iceberg of ineptitude.

As an aside, I wonder what role the man they recently selected to head their guild holds in the recent problems at NYRA.

samyn on the green

01-08-2008, 03:36 PM

Nassau homeowners already pay 10K-30K in property taxes for a average home. If they can not edcuate the little horseplayers on that budget they have some serious budgeting/overspening issues out there. In all honestly I would rather not have slots at Belmont.

Indulto

01-08-2008, 03:45 PM

Well, I suppose you could say that this just about sums up their selfishness and lack of awareness, but there is so much that is preposterous about this and the entire position of the jockeys that this is only a sliver sliding off their iceberg of ineptitude.Is this Crist's influence? ;) As an aside, I wonder what role the man they recently selected to head their guild holds in the recent problems at NYRA.Wonder? I'm sure you could do 500 words on that subject off the top of your head! How about giving us 100? :bang:

the little guy

01-08-2008, 03:47 PM

:bang: is exactly right.

JustRalph

01-08-2008, 04:50 PM

I could give a damn what the jocks think. They have proven to be nothing but a cog in the machine and I have very little respect for most of them.

NYPlayer

01-08-2008, 10:08 PM

Remarkable...

Bruno is in favor of 'privatization'? Really? When did he say that?

He said it. I know he did! He said "I am in favor of privatization".:rolleyes:

He's in favor of getting a grip on franchise revenues to pay back the people who have been schmeering him and his dolt son for the past three years. NOTHING ELSE. Enough already with trying to legitimize his senility-addled machinations.
Your entitled to your opinion, however, I find resorting to personal attacks on elected officials an uncivilized and loathsome practice.

And which 'vision' that CDI and Magna has forwarded are you championing? The ruination of Gulfstream Park? The unfulfilled promises at nearly every Magna venue? The squandering of tens of millions of dollars that has MEI devalued to the point where it can no longer borrow a dime and is desperate to sell off as much property as it can?
Customers drive the business. CDI and Magna are doing what they believe is necessary to retain the exsisting customer base and attract new ones. That can't be done by patching up 100 year old facilities and selling only one product. The new Gulfstream is a nice facililty. It's comfortable, has fine dining and entertainment, a card room, and the simulcast center, I hear, is usually full. The slot machines have been disappointing...so far. There's a lot of competition from Indian casinos, but the ultimate result has yet to be seen.

Maybe it's CDI's renovated Churchill you're impressed with... Ask the KY horsemen how they feel about CDI's "vision". They spent $140MM to renovate CD for the 2 days people actually go there, and are paying for it by sticking it to the backstretch. How's their 'vision' working out at Calder? And their 'vision' having sold off Hollywood guaranteeing it gets bulldozed by 2010?
Sometimes tough decisions have to be made. It's customers that grow the business. CDI owns Holloywood, and the decision to sell is legitimately theirs to make. It's likely that the elimination of Hollywood Park is simply a boon to other tracks in CA. At least if Magna and CDI fail, their assets will be sold and there will be new track operators. They won't drag down taxpayers with them.

MTR is an example where racino is working? That's laughable.
They're laughing all right. All the way to the bank. Check out the annual report at http://www.mtrgaming.com/ir/ar06.pdf. They have a record of increasing revenues and a healthy net income. They have significant debt but they are expanding. They've just built a new track. Imagine that! They're expanding while NYRA wants to sell.

No one at MTR even knows there are horses running. The horsemen complain endlessly about how the track is maintained as the Gaming Execs do everything they can do to minimize the racing aspect there despite raking in junketeer nickels and dimes. (If you're going to use an example of success, at least use Remington, New Mexico and Pennsylvania.)

As usual, no realities actually apply when it comes to NYRA bashing.
As your post typifies, horsemen complain about everything. It's either the polytrack or the lack of a polytrack, the way a course is maintained, or about purses. They're like the degenerates who bet a race, curse when they lose and declare the game is fixed, then proceed to buy another ticket. You can always count on some folks to sing the same old song right on cue.

Indulto

01-09-2008, 08:05 AM

:bang: is exactly right.tlg,
I thought the following would be right up your alley:

http://blog.silive.com/trackside/
Sad citadels
by Bob Raimonto… It has even been left to New York's jockeys to call for a resolution of the crisis and the development of creative solutions to the industry's problems. And they have the cheek to call riders pinheads? How about the governmental leaders in Albany? That's right: Pinheads would represent a compliment for those people. Horses' asses would be more appropriate. …

Indulto

01-09-2008, 02:20 PM

http://www.horseraceinsider.com/John-Pricci/
Jockey Franchise Plan: Too Little, Too Late
By John Pricci… Yesterday, the New York jockeys officially entered the local franchise morass. Johnny Velazquez, sounding more like Barack Obama’s campaign chairman than Board Chairman of the Jockeys‘ Guild, called for legislators to “initiate change” by better incorporating OTB systems into the income sharing process and maximizing all revenue streams eventually lead to a long-term industry solution.

… As a group, the local New York riders are a little late in recognizing the problem to the point of their own participation, yesterday’s press release stating what is uppermost in the minds of local riders, 13 of whom adding their names to a roster in support of Velazquez.

Beyond calling for change, it would have been better had the riders proposed a plan, or at least some idea of how the situation might be resolved. The solution needn’t even be correct. God knows no one has supplied the right answer yet, and they’ve had nearly six years to find one.

… The most cynical among us might question their motivation, arguing that their positions address mostly what‘s in their own best interest.

… let’s not forget that jockeys are willing risk-takers, private contractors who are entitled to a fee for basic services and a healthy percentage of the winning purse. And let’s remember, too, that the least successful day-to-day journeyman in the New York jocks’ room earns six figures a year while taking none of the monetary risk.…

NYPlayer

01-09-2008, 07:26 PM

Excellent post Derby Trail. Couldn't have said it better myself.

Oh, come on now! Don't be so modest.

http://www.capitalplayny.com/pdf/Executive_Summary_080707.pdf

Indulto

01-10-2008, 05:07 AM

Originally Posted by hibiscus
Excellent post Derby Trail. Couldn't have said it better myself.
Oh, come on now! Don't be so modest.

http://www.capitalplayny.com/pdf/Executive_Summary_080707.pdf

NYP,
I read the pitch at the above link as well as their poll you referenced. I can’t find any third-party substantiation of their claims, and you are the only unpaid voice promoting them I’ve encountered anywhere in cyberspace.

Even if I could share your optimism that “privatization” would preserve the quality of the New York racing experience despite all indications that racing would become the VLT operator’s stepchild, what do you find so compelling about this bidder’s qualifications and motivation for implementing your vision?

I’d be interested in your opinion regarding the potential expansion of Indian gaming in California as well. I’m concerned it will make the state government there dependent upon gambling revenue. While I applaud the racing industry’s ability to benefit the residents of their host states by supplementing their education programs, I’m wary of funding critical functions such as law enforcement through such sources.

Political groups representing law enforcement personnel are among those supporting the upcoming ballot measures to implement that expansion while the owner of BM and HOL is helping to fund the opposition:

http://www.insidebayarea.com/sanmateocountytimes/localnews/ci_7920662
Bay Meadows owner fights Indian pacts
By Aaron Kinney… The owner of Bay Meadows race track has positioned himself at the center of a fight to defeat gaming agreements with four Southern California Indian tribes — pacts that would expand their gambling operations and funnel millions into the state's general fund.

Terry Fancher, … , spent more than $4 million in 2007 on a campaign to sink the tribal compacts, which go before the voters Feb. 5.

Bay Meadows Land Co. hopes that overturning the deals, which allow the tribes to add a total of 17,000 new slot machines, would give the state's race tracks a chance to improve their financial fortunes.

The race tracks could alleviate what they see as a competitive disadvantage with Indian casinos and tracks in other states by obtaining permission to install a type of video gaming device known as Instant Racing at their facilities, or by receiving financial compensation from the tribes. There is little chance that a breakthrough would come in time to save Bay Meadows from being torn down and redeveloped, since construction is set to begin late this year. But Hollywood Park could stand to benefit from any such tilt in the competitive balance.

Bay Meadows is part of a coalition fighting the tribal compacts — Californians Against Unfair Deals: No on 94, 95, 96 and 97 — that includes hotel and casino workers and other tribes whose interests are threatened by the deals.

Fancher's coalition is badly outgunned by the four tribes: the Agua Caliente Band of Cahuilla Indians, the Morongo Band of Mission Indians, the Pechanga Band of Luiseno Indians and the Sycuan Band of the Kumeyaay Nation.

… Magna Entertainment, which owns Golden Gate Fields in Albany and Santa Anita Park in Arcadia, has not contributed to the campaign against the compacts, while the Thoroughbred Owners of California have come out in support of the deals.

But state Sen. Leland Yee, D-San Francisco, whose district includes San Mateo, views Fancher's fight against the Southern California tribes as evidence of a commitment to save not just his tracks but California's horseracing industry as a whole.

Yee adamantly opposes the deals, arguing that they do not include enough protections for workers or mitigation for the effects that major gambling operations can have on communities.

"I think it's extremely important that Californians defeat these particular compacts," Yee said. "You can't balance this budget with money tainted with the blood of workers." … I have to admit to an additional motive for supporting the opposition because it supposedly could save HOL from developers if gaming expansion were to support racing, either by allowing VLTs at racetracks, or legislating casino support for purses.

I would prefer the latter because I have watched HOL deteriorate since the construction of the card casino there, and I don’t see that trend reversed through increased non-racing gambling there. AQU will IMO follow HOL’s example, but BEL doesn’t have to. Something to consider before flying headlong into a future funded from (disposable?) income of less-than-high-income slotsplayers.

Indulto

01-10-2008, 03:27 PM

http://www.chron.com/disp/story.mpl/ap/fn/5444175.html
NYRA, Insurer Clash Over Benefit Plans
By JACQUELINE PALANK… The federal agency that insures private pension plans is trying to block confirmation of the New York Racing Association's bankruptcy exit plan and is suing the horse-racing association.

Last month, the Pension Benefit Guaranty Corporation told NYRA that it intended to terminate five of the association's pension plans because NYRA hasn't met its funding obligations for the past two years. The agency also said it didn't think NYRA would be able to pay benefits as they come due.

… Also on Tuesday, the horse-racing association asked the bankruptcy court to throw out or amend several of PBGC's claims.

NYRA said it shouldn't owe the $71.5 million shortfall to the PBGC because the claim's contingency _ the termination of the pension plans _ hasn't happened yet. Also, the NYRA plans to cover the liabilities as it exits bankruptcy.

Further, NYRA wants to reduce the amount the PBGC says it owes in minimum funding contributions that federal pension law requires companies make to their pension plans. NYRA said it's willing to pay up to $28.5 million toward those liabilities instead of the $29.6 million that the PBGC said it's owed. …

Indulto

01-10-2008, 04:07 PM

http://www.thoroughbredtimes.com/national-news/2008/January/10/Spitzer-State-of-New-York-address-does-not-mention-franchise.aspx
Spitzer’s State of New York address does not mention franchise
by Paul Post… He might not have wanted to remind people about the state’s inability to reach an agreement, an obvious failure, while touting plans for future improvement.

“Racing is seldom mentioned in the State of the State Address,” said Bennett Liebman, head of Albany Law School’s Racing and Wagering Law Program. “If there was ever a time, I thought it was now. I can certainly understand not including it. A governor tries to set out big plans in his State of the State Address.

“I’m not sure how much you gain from that by including racing. It’s hard to say anything.”

… That leaves politicians with less than two weeks to reach a final agreement. The 2008 Legislative session begins Monday. The Assembly, Senate, and governor must all agree on the franchise plan.

Possibly, Spitzer avoided racing in order to strike a more conciliatory tone with his chief political rival, Senate Majority Leader Joseph L. Bruno (R-Brunswick), who was absent from Wednesday’s speech. Bruno's wife, Bobbie, died Monday following a lengthy illness.

… Staff for all three leaders negotiated through last weekend, but the two days preceding Wednesday’s speech were extremely quiet.

… Scott Reif, a Bruno spokesman, said that racing negotiations are expected to resume now that Spitzer’s State of the State Address is over.

… Bruno has called for creation of a new public authority with greater cooperation between NYRA and Off Track Betting, and during his address Spitzer mentioned possibly privatizing a portion of New York State Lottery, which could mean a consolidated wagering platform for several types of gaming.

NYPlayer

01-10-2008, 10:32 PM

NYP,
I read the pitch at the above link as well as their poll you referenced. I can’t find any third-party substantiation of their claims, and you are the only unpaid voice promoting them I’ve encountered anywhere in cyberspace.

Even if I could share your optimism that “privatization” would preserve the quality of the New York racing experience despite all indications that racing would become the VLT operator’s stepchild, what do you find so compelling about this bidder’s qualifications and motivation for implementing your vision?

I’d be interested in your opinion ...

Quite frankly, I'm impressed with O'Farrell's group. They believe in racing, and they say they know how to rehabilitate racing's image. I think their plan is credible, at least in concept. Whether NY customers think it's pie in the sky or not, at least people have to admit that Cap Play stands ready to inject lots of cold, hard cash into the game that won't cost NY so much as a nickle.

Racing by itself just isn't all that popular, either as a sport or as a gambling entertainment. It has a negative image of being dominated by crooked, Tony Soprano types, and that racetracks are habited but a bunch of degenerate fuddy-duddies. And if you've ever doubted that, walking into Aqueduct will absolutely convince you (of the fuddy-duddies part, with a few exceptions, of course). ;)

Contrast that with Las Vegas, and here on the East Coast, Foxwoods, and Mohegan Sun casinos. These are places where there's lots of gambling, but there's also other things to do as well, and they're places that people want go, even if they don't gamble very much. Casinos attract people that have an average spending budget as well as high rollers, and without the stigma that horseplayers are branded with. Consider that, if a person believes in his own luck and just likes to play numbers, your much more likely to get him to spend on a VLT where he can emty his wallet in 20 minutes, rather than on the races where there's one every half hour. If you don't get anything out of handicapping and watching the races, there's no utility for you.

I think the natural solution is to bring these customers together. If racetracks can sell highly profitable alternative gaming, then they can use that money to improve purses as well as the facilities, and work on creating an experience that satisfies the modern consumer. Of course, it has to be done right and every market is different (I'll have to read up on the CA situation), but I think it can be done, and MTR is one example.

As for a VLT operator not caring about racing, I think there has to be some oversight. Here's a quote from MTR's annual report:

"If we fail to maintain operative agreements with the horsemen, we will not be permitted to conduct live racing and export and import simulcasting at those racetracks, and, in West Virginia and Pennsylvania,we will not be permitted to operate our slot machines (including if we do not have in place the required proceeds agreement with the Mountaineer parimutuel clerks union) and in Minnesota we will not be able to operate our planned card room. In addition, our simulcasting agreements are subject to the horsemen’s approval. If we fail to renew or modify existing agreements on satisfactory terms, this failure could have a material adverse effect on our business, financial condition and results of operations."

There's more on the legal obligations in the report. Clearly, MTR is commited to keeing their agreements with the horsemen, and that the relationship is beneficial for both parties.

Thanks for listening.:)

Indulto

01-11-2008, 06:14 AM

http://www.nypost.com/seven/01112008/sports/horsemen_seek_purse_protection_277454.htm
HORSEMEN SEEK PURSE PROTECTION
By ED FOUNTAINE… the NY Thoroughbred Horsemen's Association yesterday urged the state to protect the interests of its 6,000 members - "the backbone of New York racing" - when a final agreement is reached.

"We fully support the apparent decision to award a new franchise to NYRA," said a release from the NYTHA board of directors. At the same time, however, the horsemen took NYRA and the state to task for proposing to cut the revenue earmarked toward purses from the long-delayed video lottery casino at Aqueduct.

… the franchise-renewal agreement between the governor's office and NYRA, dependent upon legislative approval, reduces the horsemen's share to 6.5 percent, and could go even lower.

… By comparison, the percentage of casino revenue allocated for purses in other states includes 18 percent in Pennsylvania, 11.1 in Delaware, 10 in West Virginia and 8.25 in Florida.

aaron

01-11-2008, 08:43 AM

NY Player favors privitization of horseracing in NY. While most on this board are quick to criticize,none have given valid reasons to support a system that has failed for over 30 years. The best reason given by those against privitization is that the current NYRA executives care about racing. While this may be true,they seem to be lacking in expertise.
I feel at this point NYRA should retain the franchise,but to dismiss any group that Steve Wynn was part of is just stupid. The man knows how to manage and run gambling enerprises.
To see the failure of the current system all you have to do is attend the races at Aqueduct and Belmont. Saratoga stands alone,but that meet is 6 weeks,so if the other 46 weeks don't matter continue with the current system.

alysheba88

01-11-2008, 12:31 PM

Privatization is one thing. But just befuddled how anyone can cite anything good about Magna

Indulto

01-11-2008, 03:40 PM

http://news.bloodhorse.com/viewstory.asp?id=43100
New York THA Wants Issues Addressed
by Karen M. Johnson… Of utmost importance to the New York THA, … , is the equitable distribution of VLT revenue to horsemen through purses. Originally, the legislature stated, revenue from VLTs at Aqueduct would be 7.5% for the first three years, 7.75% in years four and five, and 10% thereafter.

… Another concern voiced by the New York THA is that its organization is the only horsemen’s group in the country not protected by the federal Interstate Horseracing Act, which means NYRA is not obligated to negotiate with, and secure simulcast and other approvals from, horsemen who conduct their business at Aqueduct, Belmont Park, and Saratoga.

“There is no rational, reasonable, or ethical reason that the New York horsemen racing at the NYRA racetracks should not have the same rights as every other horsemen’s group in the country,” Violette said.

Indulto

01-11-2008, 07:34 PM

In following the debacle at SA, a singular similarity between the CHRB synthetic surface mandate and the NY racing franchise renewal plan became apparent, i.e., the attempt to impose a standard set of operating parameters on diverse geographic locations and communities. Perhaps it would be instructive to view the NY issues not as privatization vs. government control, but rather as to what works best where at what time of the year.

For the sake of argument, let’s assume that state and local politicians are as hungry as private, for-profit operators for uncapped slots revenue while the horsemen and NYRA are content with purse and operations subsidies.

Even without slots, SAR is a profitable operation whereas even with slots, AQU might not be. While people who attend SAR also fuel local businesses, the same is not true of BEL and AQU where it’s in and out regardless of transportation type.

NYRA’s appeal is not for what changes it will produce in the future, but for what traditions it will preserve from the past. Everyone wants SAR to remain what it is. People interested in racing want what BEL was, and can still be. Whatever grandeur AQU once had has been compromised by the inner track meet which NYRA insists is necessary for the well-being of NY racing the rest of the year.

We can’t ignore the impact of technology on racing any more than we can on the rest of our lives. The fact is that for most racing fans, a large-screen TV in convenient, comfortable surroundings is more conducive to an enjoyable (and profitable?) experience than overcoming the hassle of getting to the track only to get a less than optimal view and audio enhancement of the proceedings under repelling circumstances. Attendance is totally dependent on marquee events and supporting weather, so attendance figure benchmarks are now meaningless everywhere.

While I disagree with NYP that the duplicitous Capital Offense is the appropriate vehicle for change, I now agree with him and A2 that experimenting with a different model where NYRA has proven to be less effective, is worthy of consideration. It may also the type of change necessary to resolve NYRA's competitive conflicts with the OTBs.

I still endorse NYRA’s running all warmer-weather dates (including the main track meets at AQU) while getting that 30-year extension at SAR and BEL, but a for-profit operation willing and capable of providing a large cash infusion should be attempted at AQU on a carefully-monitored, renewable, short-term basis with guaranteed subsidies for purses and NYRA operations at AQU, BEL and SAR in exchange for NYRA’s ceding their land to the state.

Perhaps guaranteed subsidies from AQU VLTs as opposed to a percentage of the take would be more acceptable to the horsemen, the state, and NYRA as well as make optimal slot profits at AQU preferable to competition with any at BEL in the near future.

trigger

01-11-2008, 08:46 PM

While I disagree with NYP that the duplicitous Capital Offense is the appropriate vehicle for change, I now agree with him and A2 that experimenting with a different model where NYRA has proven to be less effective, is worthy of consideration. It may also the type of change necessary to resolve NYRA's competitive conflicts with the OTBs.

.

NYRA gets ~17% of the NYOTB's handle on NYRA races. Whats wrong with that?

the little guy

01-11-2008, 08:52 PM

NYRA gets ~17% of the NYOTB's handle on NYRA races. Whats wrong with that?

I think you might want to check that.

Indulto

01-11-2008, 10:01 PM

the little guy

01-11-2008, 10:37 PM

In yet another senior moment I failed to remember SJ's long-time advocacy in this thread of for-profit racetrack managment.

Trig,
I was under the impression that OTB is the least rewarding off-track source of NYRA's handle. I don't remember whether NYRA actually broke it down in their re-submitted proposal to the Spitzer-apponted panel.

tlg,
Is it my computer, or did you NOT appear on ATRAB in the segment labeled with your name this week?

I don't know the exact numbers but I believe that NYRA gets a high percentage from OTB.

As for ATR......I will almost never be on and have only been on a handful of times in the last five plus months.

Indulto

01-12-2008, 12:52 AM

I don't know the exact numbers but I believe that NYRA gets a high percentage from OTB.I'm sure NYRA gets a high percentage of its handle from OTB, but what about percentage of wagered dollar through OTB? GP's price last year while they were negotiating with (and shutting out) OTB was mentaioned as being extremely low for the industry and I think I remember a comment that AQU's was lower than GP's.As for ATR......I will almost never be on and have only been on a handful of times in the last five plus months.Sorry to hear that. I thought "New York State Of Mind" was a regular feature.

the little guy

01-12-2008, 01:15 AM

They get a high rate from OTB. I knew what you were saying. I'm not that stupid.

bigmack

01-12-2008, 01:30 AM

I'm not that stupid.
It pains me to remind you.

http://i165.photobucket.com/albums/u70/macktime/NT_16_Dogschool_7777copy.jpg

the little guy

01-12-2008, 01:51 AM

He looks like a smart dog.

bigmack

01-12-2008, 03:11 AM

He looks like a smart dog.
Let not his sanguine eyes fool any into believing that his hindsight is anything less than a honed 20/20. He's the mascot for your run-of-the-mill red boarder.

Forgive the deviation on the construct of your robust thread, Duelto.

As you were.

Indulto

01-12-2008, 05:06 AM

... Forgive the deviation on the construct of your robust thread, Duelto.

As you were.BgM,
Thanks for that ever-popular reminder of the lowlights that sometimes occur in the limelight. ;) They get a high rate from OTB. I knew what you were saying. I'm not that stupid.tlg,
There’s plenty of confusion going around without you taking offense. In the first of the following links, NYRA claims it only retains 2.5% of each wager from OTB payments which average 15.5% of each wager according to the second link.

NYRA Franchise Bidder Proposal Addendum
ftp://ftp.racing.state.ny.us/april_bid_addendums/NYRA/ (ftp://ftp.racing.state.ny.us/april_bid_addendums/NYRA/)
Addendum Submission:…on-track handle, where NYRA retains 9.9 percent of each wager, accounts for only 12% of total wagering. The remaining 88 percent originates from OTBs and simulcast sites where NYRA retains only 2.5 percent of each wager. Therefore, throughout a period when total wagering was increasing, NYRA’s revenue declined. …
http://www.albanylaw.edu/media/user/glc/nyracingbythenumbers06.pdf (http://www.albanylaw.edu/media/user/glc/nyracingbythenumbers06.pdf).
… New York bettors are placing more and more money on races in other states. In 2006, 56.4% of the bets placed in New York were on out-of-state races, as compared to 55% of the bets in 2005. At the OTB’s 63.2% of the bets were placed on out-of-state tracks as compared to 62.3% in 2005. Of all the bets placed in New York on out-of-state tracks, 88.9% were placed at OTB’s. The amount of bets placed on out-of-state tracks at OTB’s has increased each year over the past decade. In 1997, $688.6 million was wagered on out-of-state races at OTB. By 2006, that number had reached $1.3 billion

… Since legislation was passed in 2001 to decrease takeout at NYRA (and hopefully increase handle at NYRA), live handle on NYRA races is down by 22.7%. Taking into account cost of living increases, the “real” decrease in live NYRA handle since 2000 is 34%. Perhaps the decreased takeout reduced the losses of handle at NYRA; it certainly did not grow the handle.

… NYCOTB now pays 17.5% of its NYRA handle back to NYRA. On the other hand, NYCOTB pays 2.1% of its out-of-state thoroughbred handle to out-of-state thoroughbred tracks.

… Capital returned 11% of its NYRA handle back to NYRA.

… Catskill returned 16.9% of its NYRA handle back to NYRA.

.. Nassau returned 13.8% of its NYRA handle back to NYRA.

… Suffolk returned 13.8% of its NYRA handle back to NYRA.

… Western returned 13.8% of its NYRA handle back to NYRA.

… Total OTB payments to NYRA represented 15.5% of total handle of NYRA at the OTB’s. …

Indulto

01-12-2008, 07:20 PM

http://www.drf.com/news/article/91540.html
NYRA talks focused on board, slots
By MATT HEGARTY… Though negotiations were conducted in earnest over the weekend of Jan. 4-5, the participants have not discussed the extension since Sunday, officials involved in the negotiations said Thursday, because of preparations surrounding Spitzer's State of the State address on Wednesday and the death in Bruno's family.

… Reif said that Bruno wanted to resolve the Belmont issue before the state's budget is drafted this spring.

… Silver has said that disappointing returns from other racetrack casinos in the state indicate that the market for the machines is not as robust as many analysts believed.

… NYRA has now indicated that it is willing to accept a 25-year extension, as a concession to allow the association more leeway in determining the composition of its board.

Bruno is pushing for a board that would include several appointees of the legislature and government, which would give political parties an ongoing say in NYRA's operations.

… NYRA is operating under the protection of bankruptcy court, and the association is scheduled to appear in court Monday to ask for an extension to its "exclusive period," which expires Tuesday. During an exclusive period, only the entity that is in bankruptcy can submit a reorganization plan, and NYRA is hoping to get a short extension to allow the negotiations to continue without the potential distraction of creditors submitting their own reorganization plans. …*** WARNING *** Anti-depressants may be required for some reading the following in its ironic entirety :( :

http://www.horseraceinsider.com/blog.php/Zasts-TrackWords/comments/2005-town-hall-meeting-forecasted-new-york-folly/#comments
2005 Town Hall Meeting Forecasted New York Folly
By Vic ZastIt was a weekday morning in midsummer 2005 … That was when the folly with which we’re left was pre-ordained.

The Friends of New York Racing, founded by former National Thoroughbred Racing Association commissioner Tim Smith, called a town hall meeting …
... about to go public with its recommendations to the Legislature on how to fix racing. “The model is broken,” one panelist after another persisted. But everything that was wrong with the sport could be fixed by going private, they (excepting Hayward) believed.

… Now, nearly 1000 days after the lackluster town hall meeting, racing in New York doesn’t even have its operator.

… Bruno got his sound bites in shortly after the town meeting …

… The 78-year-old equivocator declared, “If you know something’s not working, why do you want to wait two or two-and-a-half years to fix it? Why do you wait one year to fix it? Fix it!” How silly these pronouncements sound today. How duplicitous the man who said them appears.

… Dressed in the mantle of the establishment, NYRA appears to be an unlikely catalyst for change. But it owns the land and the not-for-profit model it espouses is the only one that works. The sorry reality is that only a governmental agency in receipt of the largesse of taxpayer funding can compete in the current casino gambling environment. In this regard, socialism, for the fans at least, is a good thing.

It’ll take the passing of an election year to right the mess that’s been created. These chickens won’t stick their necks out to remedy the game with a new gambling initiative. Once the sloppy business of extending NYRA’s franchise gets done, the inherent problems of the broken model won’t change. It’ll be business as usual – the role-playing, doublespeak and kickbacks. …

Indulto

01-15-2008, 01:39 AM

http://horseracing.sportsline.com/cbs/headlines/showarticle.aspx?articleId=24716
NYRA'S exclusivity extended
By MATT HEGARTYA U.S. bankruptcy judge on Monday approved a one-month extension to the period in which the New York Racing Association is the only entity allowed to submit a reorganization plan to the court, an attorney for NYRA said.

Judge James Peck of the U.S. Bankruptcy Court for the Southern District of New York approved the extension at the request of NYRA, which is hoping that legislators in New York will soon work out a long-term extension to its franchise. …

Indulto

01-16-2008, 02:56 AM

Regrettably, I’m a latecomer to Mr. Zast’s work, but the following excerpts from his November 19 column are still applicable:

http://www.horseraceinsider.com/blog.php/Zasts-TrackWords/comments/no-operator-not-the-problem-no-law-is/#comments
No Operator Not the Problem No Law Is
By Vic ZastIt’s not that several groups instead of one couldn’t run New York racing.

… Why, even in the Empire State, Finger Lakes has a license to operate outside of the purview of NYRA

… given Bruno’s apparent inclination to think of himself first before the electorate, how can anyone be sure that he hasn’t placed fundraising to the fore and governing to the aft in his scheming?

… Mind you, the snafu that’s coming with Bruno’s announcement of how he plans to fix racing by dividing the sport among the highest bidders has little to do with how he partitions the spoils. NYRA isn’t the only operator that can piss people off, so don’t worry if the current regime isn’t left with all the racetracks. A mere three years ago, when then Gov. George Pataki, another knight in shining stupor, began the bidding process, it was “off with their heads,” remember?

No, the real cause for concern is what happens when Bruno’s multiple entities begin clamoring for dates. Sooner or later, some numb-nuts will point out that New York City is three hours from Saratoga Springs, so why can’t the upstate and downstate tracks run currently, he’ll ask.

… Decades later, the people of New York will recall what used to be and say that the times, not the careless behavior of greedy men, caused the changes that led to the decline. Just like people now say that Hialeah was swept under because Spanish became the first tongue in its neighborhood.

There’s no doubt that hyperbole weakens most arguments, and, redundancy aside, you will find here an over abundance of the dastardly figure of speech. But are these dire conclusions more ridiculous than the farce that the fans of New York are enduring?

… Bruno is betting that the judge in NYRA’s bankruptcy hearing will determine that the racetrack land in Saratoga and Queens belongs to the state, isn’t he? He’s convinced that the board of NYRA won’t stop racing come January, right? The organizers of Empire, Capital Play and whoever else is out there lurking are most likely assuring him that they can step in on a moment’s notice. ….http://cityroom.blogs.nytimes.com/2008/01/14/senator-brunos-wife-is-eulogized/
Senator Bruno’s Wife Is Eulogized
By Danny HakimSeveral hundred people — including … a who’s who of state politicians — turned out today for a memorial service for Barbara Bruno, the wife of the State Senate majority leader, Joseph L. Bruno. Mrs. Bruno died on Jan. 8 after a long battle with Alzheimer’s disease.

Lining the first row: Attorney General Andrew M. Cuomo, Gov. Eliot Spitzer, Mayor Michael R. Bloomberg ... Assembly Speaker Sheldon Silver and State Comptroller Thomas P. DiNapoli.

… After his speech, Mr. Bruno hugged several of the politicians in the first row, including the governor, who has his been a bitter political rival. …Hopefully, now that Mrs. Bruno’s suffering is over, the Senator will be able to contribute to ending the delay in resolving ALL the states outstanding issues. The negative aspects of his prior political rhetoric certainly seem at odds with his reported devotion to his wife and the glimpses of their relationship that he shared in his eulogy.

http://sports.espn.go.com/sports/horse/columns/story?columnist=moran_paul&id=3198129
The state of racing
By Paul Moran… The future of racing in New York is in the hands of politicians and a bankruptcy court, dangerous places. While lawmakers, incapable arriving at some point of agreement on issues they see as important because they can be controlled from the halls of power, have left the New York Racing Association in a state of suspended animation, operating under piecemeal extensions of a franchise that expired on New Year's Eve while helpless to fill important if long-vacant positions, repair long-neglected facilities at Belmont and Aqueduct and move forward with the long-delayed development of a racino at the latter. Only when discussing racing in New York is it possible to use the terms long-vacant, long-neglected and long-delayed in the same sentence. So goes the state of the game.

Though for better or worse order in some form will prevail in New York, the political fraternity, presented with the opportunity to correct a 35-year-old mistake commonly known as OTB when New York City mayor Mike Bloomberg made known his desire to rid the city of the public benefit corporation it owns, has declined. …

classhandicapper

01-16-2008, 08:23 AM

>>No, the real cause for concern is what happens when Bruno’s multiple entities begin clamoring for dates. Sooner or later, some numb-nuts will point out that New York City is three hours from Saratoga Springs, so why can’t the upstate and downstate tracks run currently, he’ll ask.<<<

As retarded as that sounds, someone at OTB told me that idea is being floated around. When I heard it, I almost passed out at the level of ignorance. Now I'm sure someone among all those incompetent, brain dead, corrupt, scumbags working this out will point out why it won't work, but the level of ignorance leaves no doubt why putting anything in government's hands is a huge mistake.

Indulto

01-16-2008, 12:43 PM

>>>No, the real cause for concern is what happens when Bruno’s multiple entities begin clamoring for dates. Sooner or later, some numb-nuts will point out that New York City is three hours from Saratoga Springs, so why can’t the upstate and downstate tracks run currently, he’ll ask.<<<

As retarded as that sounds, someone at OTB told me that idea is being floated around. When I heard it, I almost passed out at the level of ignorance. Now I'm sure someone among all those incompetent, brain dead, corrupt, scumbags working this out will point out why it won't work, but the level of ignorance leaves no doubt why putting anything in government's hands is a huge mistake.CH,
You appear to have lost faith in your fellow man which is not necessarily a bad thing for a horseplayer. ;)

I agree that the OTBs should not continue to be instruments of political patronage, but the propensity for expansion of racing dates is not limited to NY, and IMO is more a function of greed on the part of horsemen and breeders. There is already too much racing and too many tracks in this new era dominated by off-track handle and viewership. Would synthetic tracks be necessary if racing weren’t year-round in NY, So Cal, No Cal, and other geographic locations? Or if horses were bred primarily for soundness and stamina?

Perhaps we’ve finally reached the maximum circumference of the pie:

http://www.drf.com/news/article/91609.html
U.S. wagering drops again
By MATT HEGARTYTotal wagering on U.S. races declined in 2007 for the third time in four years, even as purses climbed 5.5 percent, according to figures released by the National Thoroughbred Racing Association and Equibase on Tuesday.

Wagering declined 0.37 percent to $14,727,170,158, from $14,782,093,648 in 2006. Although handle rose in 2006 compared with the prior year, total wagering on U.S. races also declined in 2005 and 2004, and has declined 7.5 percent since the highwater mark of $15.9 billion in 2003.

… Total purses distributed at U.S. racetracks rose 5.5 percent to $1,177,782,612 in 2007. Purses have been increasing steadily over the past several years because of subsidies from slot-machine operations at a larger number of racetracks, which have offset the loss of purse revenues from the decline in wagering and allowed purses to keep up with inflation. Still, purses also reached their highwater mark in 2003, at $1.22 billion, prior to the beginning of the declines in wagering. …Apparently higher purses don’t necessarily raise the quality of racing which is the only sure way to increase both handle and attendance. We horseplayers like to think that lower takeout will drive handle up, but the ALS article referenced in post #926 of this thread, appears to disprove NYRA’s claims in that area.

We haven’t had a Triple Crown winner since Seattle Slew, and a dominant champion since Spectacular Bid. I would argue that the primary causes are too much racing, unprincipled breeding, and over-medication. There may be more horse races, but fewer horses per race, less competition among horsemen, a lower return on the wagered dollar, and lower expectations on the part of racing fans.

Where did you put those anti-depressants? :jump:

hibiscus

01-16-2008, 08:11 PM

If anyone is trying to look for contributing reasons for the overall decline in handle I’d start with the dysfunctional ADW situation and then take a peek at the synthetic surface debacle.

I live in New York and used to have a TVG account and wager there. One day I received a check and a note in the mail telling me that because I live in New York I suddenly couldn’t keep any account there anymore. So I opened an account with Youbet (which I think has the best user interface bar none) then a few days before the Kentucky Derby was notified that I couldn’t bet many major tracks through that site anymore. I tried to open an account with Twin Spiers but when I tried to submit the required information about my address New York wasn’t in the drop-down options. So sadly I sat out the 2007 Derby. I used to watch CD, Crc, FG, AP, etc on TVG in my living room. Over the past year all of those tracks have disappeared. I have DirecTV and therefore don’t get HRTV. Recently NYRA was available on both TVG and HRTV but after only a few days HRTV was forced to drop the signal. Needless to say my personal wagering handle is significantly down over the past year.

To further exacerbate the problem we have the complete upheaval of handicapping synthetic surfaces. Personally, I have not and will not wager on any race run on any synthetic surface for quite a long time. I won’t touch Keeneland nor will I play any California track. After watching prestigious races such as the Lexington and the Pacific Classic reduced to laughing stocks I can’t imagine that any serious players are going to touch those tracks for a long time. My favorite bet is the pick-4. I’m certainly no whale but I used to play the guaranteed pick-4s in California every Saturday and Sunday like clockwork. I was good for $1000 to $3000 per weekend. Since the switch to synthetics I haven’t placed a bet on a California race. It’s going to take many meets, yes meets, at these tracks before any type of predictability is established. Does anyone think that anyone in their right mind is going to be placing any serious wagers at SA this meet?

I believe that my personal experiences are a microcosm of the industry in general. I’d be willing and happy to bet on horse racing but the ADWs make me jump through too many hoops and the disruption of the racing surfaces makes me have no confidence in my ability to have a logical thought as to the outcome of a race over those tracks.

If anyone in the industry is truly interested in reversing the handle decline trend then I’d start with first making it so that all tracks are available on all ADWs and all tracks are shown on all broadcasting networks. I’d next pull out all the synthetic surfaces and put back the traditional dirt. For an industry where the single most important component is the bettor it’s remarkable how it’s that same bettor who’s constantly and continually thrown under the bus. It’s so simple it’s stupid.

Indulto

01-16-2008, 08:14 PM

http://www.drf.com/news/article/91621.html
NYRA settles with horsemen
By MATT HEGARTY… the horsemen's group has agreed to drop the suit and NYRA has agreed to adopt practices over the next six years that will reduce a reserve fund known as a purse cushion to $6 million by 2014. The purse cushion, which stood at approximately $20 million at the beginning of 2008, is kept by NYRA out of the horsemen's share of wagering revenues.

… The agreement needs to be approved by the U.S. Bankruptcy Court, and has been put on the docket for Jan. 23.

… Hayward, said Wednesday that the association was glad to put the lawsuit behind it, and said that the reasons for the ballooning balance in the purse cushion was not well understood.

"I think there was a lot of confusion over what the purse cushion was, and this settlement gives us a way in which we can manage it," Hayward said.

… As a result of the settlement, the NTRA has agreed to set NYRA's debt to the marketing group at $279,399, according to the documents.http://news.bloodhorse.com/viewstory.asp?id=43186
New York OTB Could End in June
by Tom Precious… The in-house management plan envisions laying off 1,508 workers — all but 131 are unionized — and closing 62 branches, three teletheaters and eight restaurant betting outlets. The OTB has an annual payroll of $64 million.

… Casey said that for years the state “has been either unwilling or unable to resolve the structural flaws in OTB’s distribution formula.” He said the OTB provides more than $125 million annually to the government and racing industry in revenues.

… “The fact is nobody knows for certain what the mayor’s intent is here,” said Bennett Liebman, … “The most likely scenario is they are trying to put significant pressure on state government, both the administration and legislature, to provide some relief to NYCOTB.”

… Liebman said closing the OTB would seem a premature step. “If the OTB is unprofitable, then get rid of those parts that are unprofitable,” he said. “You have to assume account wagering functions works, so keep account wagering and the best branches. If it’s a lack of profit, then it would make more sense to trim OTB rather than simply discard it.”

… “As long as they’re resolving the franchise issue, they should be looking at the OTB issues as well,” Liebman said.

hibiscus

01-16-2008, 11:18 PM

A scant 2 hours after I posted my most recent comment I received the following love note from Youbet.

Due to New York state regulatory restrictions, Youbet.com is unable to provide live video streaming for New York race tracks to New York residents until further notice. Race replays for Aqueduct, Monticello and Yonkers races will continue to be available approximately 30 minutes after each race has concluded."

That should certainly stimulate handle.

classhandicapper

01-17-2008, 10:11 AM

Indulto,

In the conversation I had with a "manager" at OTB, the person did not even know that the horses that run at AQU and BEL were essentially the same horses that run at Saratoga. As far as they were concerned, expanding Saratoga to 8 months would be great for the local economy and bring more money into OTB because it's such a popular track with bettors. :bang:

I don't want to be too hard on NYCOTB. I think the company is actually run a lot better than people think (and I have good reason to know).

IMHO, lowering the take does not generate increased money for the track UNLESS it is lowered enough to attract new players and dollars away from other forms of gambling. Even if lowering the take increases the handle, that does not automatically increase the amount to the tracks because a smaller part of a bigger pie isn't always as large as a bigger part of a smaller pie.

Also, even if lowering the take actually does take gambling dollars away from lotteries and other forms of legal gambling and increases revenue to the tracks, it might be lowering revenue to the city/state because the take is higher on those other forms of gambling. So why would the government want that?

classhandicapper

01-17-2008, 10:21 AM

http://www.drf.com/news/article/91621.html
NYRA settles with horsemen
By MATT HEGARTYhttp://news.bloodhorse.com/viewstory.asp?id=43186
New York OTB Could End in June
by Tom Precious[/color]

The Queens NYCOTB system has 1 or 2 branches that could probably be closed. I am not sure about the rest of the city, but that's probably true elsewhere also.

Major cuts are already under way anyway anyway.

Several branches that were open on Sunday have been closed. That's a major savings because managers, full time, and part time employees get double time for Sunday. It probably takes a very strong branch to make money on Sunday.

Many branches have seen a reduction in the number of betting clerks to better correspond with the betting activity at the branch.

It's not like the company is not trying. I think you would be suprised how well the company is run. It's not worse than any private company. Granted, jobs are often given out as a result of "who you know" and "union senority" as opposed to merit, but incompetents are shown the door.

Indulto

01-17-2008, 12:32 PM

http://www.thoroughbredtimes.com/national-news/2008/January/17/Spitzer-does-not-mention-racing-in-state-addresses.aspx
Spitzer does not mention racing in state addresses
by Paul PostWith a week to go before the New York Racing Association’s temporary extension expires, Governor Eliot Spitzer remained silent about the Thoroughbred industry during another keynote address to the state legislature.

Spitzer’s first-ever “State of Upstate” speech on Wednesday touted a $1-billion Upstate Revitalization Fund, but for the second time in a week he avoided any mention of racing. A week earlier, he failed to reference the racing situation during his annual “State of the State” address.

The latest omission is perhaps more surprising because Spitzer publicly stated when running for governor that the next franchise should be used to promote and develop the upstate economy.

… “We will never become a beacon of hope and opportunity again if part of our state is thriving and another part is falling behind,” Spitzer said.

… Meanwhile, the clock is ticking once again toward the end of NYRA’s temporary extension, which expires on January 23. On Monday, a federal bankruptcy judge postponed NYRA’s confirmation hearing until that date as well.

… “Until we get the legislation done, we can’t emerge from bankruptcy,” Hayward said. “I’m optimistic that we continue to make progress.”

Another extension might be necessary if a final agreement is not reached in time. Hayward said he would recommend such steps to the NYRA board if it appears state leaders are close to settling on a solution. If not?

“If we’re not there, we’ll have that conversation then,” he said. …This isn't a circus any more. It's a soap opera.

Indulto

01-17-2008, 01:23 PM

... IMHO, lowering the take does not generate increased money for the track UNLESS it is lowered enough to attract new players and dollars away from other forms of gambling. Even if lowering the take increases the handle, that does not automatically increase the amount to the tracks because a smaller part of a bigger pie isn't always as large as a bigger part of a smaller pie.

Also, even if lowering the take actually does take gambling dollars away from lotteries and other forms of legal gambling and increases revenue to the tracks, it might be lowering revenue to the city/state because the take is higher on those other forms of gambling. So why would the government want that?I'm now convinced that "equal rebates for all" would be better than lowered takeout. Where slots are fueling purses, the horsemen should not be opposing them. Where they aren't, I can't understand why it matters to them if an ADW is willing to make less profit unless they are protecting existing ADWs.

It's doubtful that NY OTBs, as presently structured, would never be able to compete unless rebates actually dramatically increased handle as some here believe they would.

If predictions of a recession prove accurate, how might that affect handle distributuon between racing and slots?

classhandicapper

01-17-2008, 05:20 PM

I'm now convinced that "equal rebates for all" would be better than lowered takeout. Where slots are fueling purses, the horsemen should not be opposing them. Where they aren't, I can't understand why it matters to them if an ADW is willing to make less profit unless they are protecting existing ADWs.

It's doubtful that NY OTBs, as presently structured, would never be able to compete unless rebates actually dramatically increased handle as some here believe they would.

If predictions of a recession prove accurate, how might that affect handle distributuon between racing and slots?

OTB will continue shrinking if everything remains the same.

I do think even now there's a role for OTB among $2 bettors. If you bet $25 - $50 per day and it costs you a few dollars because of lower prices to hang out with your friends in the neighborhood, that's actually better than going to the track and paying gas, entrance, parking, ridiculous prices for food etc...

Many people use them to make deposits and withdrawals from phone accounts that pay track prices anyway.

IMO NY OTB should be part of the track and the prices paid off track should provide some incentive for people to go to the track, but not so bad as to kill off the customers quickly the way it does now.

I don't think a potential recession should be part of the discussion about how to divide up the money. If we get one (and we may already be in one), it's just a snapshot in time within the long term.

Indulto

01-17-2008, 08:00 PM

http://www.drf.com/news/article/91660.html
New York's OTB details its closing
By MATT HEGARTY… The report states that "because surcharge revenue collected by the corporation belongs to the city, it will not be used to fund NYCOTB operations." OTB treats the surcharge distribution to the city as an expense on its financial statements.

… Company officials have said that the business needs to be given a larger share of the revenue, but any increase would have to come at the expense of the state or other racing-industry participants, such as racetracks, breeders, and horsemen.

… The report claims that 20 percent of the company's handle is now generated through the account-wagering operation. The report, however, makes no mention of closing a portion of the company's branches, but instead says that all of the branches would be closed.

… Bloomberg and OTB officials are clearly hoping that the report will put political pressure on legislators to include changes to the statutory revenue distributions within the bill granting the extension.How does the 20% account wagering breakdown between phone, internet, and OTB on-site?

classhandicapper

01-18-2008, 11:34 AM

http://www.drf.com/news/article/91660.html
New York's OTB details its closing
By MATT HEGARTYHow does the 20% account wagering breakdown between phone, internet, and OTB on-site?

Internet betting is brand new for NYCOTB. So it's probably still a very small part of the handle.

I think by definition, account wagering is phone wagering (until internet picks up). People come to the OTB to fund and withdraw from (mostly fund) their phone accounts. Some people even hang out at the OTB but make most of their bets by phone to get track prices.

I am not sure how much OTB gets to keep on phone wagers because they don't get any surcharge.

Indulto

01-18-2008, 12:57 PM

http://www.nydailynews.com/sports/more_sports/2008/01/18/2008-01-18_the_day_at_the_races.html
The Day at the Races
BY JERRY BOSSERT… Imagine where OTB would be without the $20 million it takes annually from the players in the form of a surcharge.

Lock the doors and throw away the key.

It's time for the Legislature, which currently is trying to figure out what to do with the expiring New York Racing Association, to merge the two into one.

Years of competing for the same dollar has crippled both organizations.

The time is now to let the future track operator take over control of the failing Off-Track Betting system.

… All the years of poor management, dirty betting parlors and political patronage have caught up to NYCOTB and now is the time to finally fix it.http://www.nydailynews.com/ny_local/2008/01/18/2008-01-18_otb_staffers_dont_like_their_job_odds.html
OTB staffers don't like their job odds
BY FRANK LOMBARDIThe threatened closing of the city's OTB operation is sending ripples of fear through the corporation's 1,508 employes and has virtually frozen planned improvements.

… Allen said closing OTB - with its annual $90 million payroll - would cause economic ripples throughout the city, where most workers live, shop and pay their bills.

While sympathetic to the possibility of layoffs, some critics of legalized gambling are not unhappy at the prospect of OTB going out of business.

"Good riddance," said state Sen. Frank Padavan (R-Queens), a longtime critic of legalized gambling of all kinds. "They're a blight on the community. I'd be delighted to see these places go."

To that, Allen responded, "While he likes it or not, gambling is here and won't disappear if OTB closes. They'll go to illegal bookmakers."

OTB's shutdown plan calls for layoff notices to go out April 17, with actual layoffs to follow June 16, when all 62 branches, three teletheaters and eight restaurant locations would close. June 15 would be the last betting day.

… Allen likened OTB to a cash cow being milked by too many hands. "If they want to take 100% of net, that's one thing, but they want to take 110%," he said.If OTB closes, the players will use the internet, not bookies. The more gregarious among them will get together with their buddies in front of a widescreen TV at one of their homes or a sports bar.

I doubt they'll close down completely. I expect some jobs will be lost, but not handle.

hibiscus

01-18-2008, 01:29 PM

If OTB closes, the players will use the internet, not bookies.

I agree. If the players were going to use a bookie they would already have done so and receive track odds and not the watered down OTB payouts.

However, as I've been complaining about for the past 36 hours, unless these players live out of state, they're not going to be watching their races live online.

If OTB closes the most likely outcome is that these players will dwindle and not bet at all.

Indulto

01-18-2008, 01:49 PM

I agree. If the players were going to use a bookie they would already have done so and receive track odds and not the watered down OTB payouts.

However, as I've been complaining about for the past 36 hours, unless these players live out of state, they're not going to be watching their races live online.I think this is a temporary situation, one NYRA and the state would correct in a "New York minute" if NYCOTB closed.If OTB closes the most likely outcome is that these players will dwindle and not bet at all.I disagree. These are perhaps the most ingrained horseplayers in the nation. They won't stop playing horses until the day they stop breathing.

Indulto

01-18-2008, 03:08 PM

http://paulmoranattheraces.blogspot.com/2008/01/otb-shutdown-yeah-thatll-happen.html
OTB shutdown: Yeah, that'll happen
By Paul Moran… While the sticking point on negotiations involving the racing franchise appears to be the now almost surreal issue of video lottery terminals at Belmont Park, meaningless to all except supportive Republican politicians at both the state and local levels and unlikely to gain purchase beyond the nonsensical ranting of Sen. Joe Bruno, Nassau County Republicans and a the largest daily newspaper on Long Island, Bloomberg’s threat to shutter 62 OTB branches, three teletheaters and eight restaurant-based facilities while banishing 1,508 employees to unemployment has been ignored in Albany.

The state’s rusting political machine seems to have ground to a chilling halt. No substantive talks have been held on the franchise in more than a week and the matter of New York City OTB, an important element of the state’s racing industry, has yet to be raised.

… a substantial reduction in the number of traditional storefront betting shops is overdue in light of the market shift to account wagering accessible by telephone and eventually via the Internet, an option already offered by NYRA and Capital District OTB but not the three downstate OTB networks, two on Long Island.

While the threatened shutdown is farfetched, the Bloomberg administration has positioned itself to undertake a much needed streamlining of the OTB operation, which is crippled by political patronage and heavily laden with debt. There will inevitably be static, but stay tuned.

classhandicapper

01-18-2008, 06:38 PM

I think this is a temporary situation, one NYRA and the state would correct in a "New York minute" if NYCOTB closed.I disagree. These are perhaps the most ingrained horseplayers in the nation. They won't stop playing horses until the day they stop breathing.

The probability of NYCOTB closing is 0%.

Believe me when I tell you I have very good reason to know what's going on there. There have already been significant good faith cuts. Some branches have closed on Sunday to save double time and others are getting fewer clerks to handle the work load.

This is the way it works.

There are full time and part time employees assigned to branches (managers, clerks, and a janitor) that can handle the "average day". There are also per diem/pool workers assigned to these branches on busy days and to replace workers who are out sick, on vacation, etc....

There won't be any cut back of workers assigned to branches. If anything, they will be asked to handle a larger volume of bets. As a result, per diem workers will get fewer assignments for awhile on busy days and when someone is out. That won't cause much of a problem though. There is a turnover of per diem workers because as assigned clerks retire, per diems get promoted to branch assignment. Others leave before getting a promotion. Because of the age of OTB and the fact that many workers started there when they were young, MANY workers are now approaching retirement age. If they need to reduce the work force, it will happen in a short period of time without laying anyone off.

Contrary to popular belief, most branches are run exceptionally well. I'd be the last person in the world to say something like that if I didn't know it to be true. Some probaby need to be cleaned up a bit, the but the operations are excellent.

If there are any cuts made they will done in systems areas, administrative areas, etc... at the main office.

Indulto

01-21-2008, 12:54 PM

http://paulmoranattheraces.blogspot.com/2008/01/monday-in-albany-status-regrettably-quo.html
Monday in Albany: Status regrettably quo
By Paul MoranAdmission of failure, incompetence and futility was apparently first thing on the holiday agenda in the state capital on Monday. Before lunch, the temporary extension of the New York Racing Association franchise, due to expire on Wednesday, was again extended temporarily until Feb. 13. Among other loose ends still in the winds of negotiations, the upholstery of seats for the eventual beneficiaries of patronage awards, and – after lo these many, many months, the award of the contract to a company that would operate the video lottery casino at Aqueduct. …http://leftatthegate.blogspot.com/2008/01/tensions-cool-but-nyra-impasse-remains.html
Tensions Cool But NYRA Impasse RemainsThe rhetoric has cooled in Albany …

… But Bruno's "nice" phase has not quite halted all of the partisan sniping. …

… And then there's the franchise matter … The issues - the length of the extension, VLT's at Belmont, and the makeup of the NYRA board - remain the same; except that there's a new player in town.

Officials with the New York Off-Track Betting Corporation were also on the scene at the Capitol Jan. 18, one day after the release of an internal report that sets the stage for the shut-down of the OTB June 16. …

… The OTB wants its concerns addressed in the franchise discussions, leading some negotiators to theorize the talks could lead to some sort of new model to end the decades of fractured relations between the OTB and NYRA.

… Of course, such a new model is something we've been hoping for all along; it took OTB's threat of closure to bring the matter to Albany. Like the horsemen's plea for a higher cut of VLT revenues, OTB's bid for more money comes well after the original Dec 31 deadline, which, in retrospect, nobody really seemed to take too seriously.

… attention has turned once again to another temporary extension, one which could, this time, coincide with the annual March 31 budget deadline drama. …http://paulmoranattheraces.blogspot.com/2008/01/today-in-albany-philistines-at-impasse.html
Today in Albany: Philistines at impasse
By Paul Moran… It may be time to assemble the horseplayers of New York, the horsemen, owners, trainers, breeders, groom, hotwalkers, admission and betting clerks, parking lot attendants the peanut vendor at the Aqueduct clubhouse, take up torches and march on the State Capital, surround it with an angry mob and remain until the politicians inside clear up the matter of the racing franchise. We are indeed in the hands of philistines.

… I’ve checked. Being a philistine is not grounds for impeachment. Think torches. Think angry mob brandishing the Daily Racing Form.

… These issues will soon be overwhelmed by the annual budget free-for-all, or as some refer to it the Albany Pork Festival. It would not be a surprise were the budget go pass – well beyond deadline – with a franchise provision attached. …http://www.troyrecord.com/WebApp/appmanager/JRC/BigDaily?_nfpb=true&_pageLabel=pg_article&r21.pgpath=%2FTRD%2FSports%2FHorse+Racing&r21.content=%2FTRD%2FSports%2FHorse+Racing%2FTopSt oryList_Story_1440676
Clueless
By Nick Kling… City OTB got into more trouble a few years ago when it was part of a poorly-negotiated business deal. In return for the approval to show Thoroughbred racing in the evening hours, state OTBs agreed to pay a percentage of revenue to compensate harness tracks, which traditionally had nighttime racing to themselves. The OTB handle proved to be far less than anticipated.

Rather than try to negotiate a more realistic deal, Bloomberg and City OTB are now whining. Nor have they made a substantive attempt to improve the efficiency of their bloated operation. OTBs exist to facilitate betting on horse racing and to provide revenue for localities. They do not exist to extract money from racetracks which are already fighting to stay afloat.

Someone explain that to Mayor Bloomberg.

As for his threat? Don't expect New York City OTBs to close. They are a patronage haven for downstate politicians and provide jobs for over 1,500 people.

Indulto

01-21-2008, 07:29 PM

http://news.bloodhorse.com/viewstory.asp?id=43244
NYRA Gets New Temporary Extension
by Tom PreciousNegotiators in New York have agreed to another temporary extension to keep racing operating while talks continue on a longer-term franchise deal to operate Aqueduct, Belmont Park, and Saratoga, officials said Jan. 21.

… The sides have agreed in principle to let NYRA continue running racing. But they are still discussing the length of the franchise, as well as what other private companies could be involved in other aspects of the franchise.

Also still on the table is who will run the planned Aqueduct video lottery terminal casino, whether a casino will be permitted at Belmont, and the shape of a state entity to oversee NYRA and the franchise operation.

When agreement can't be reached, such extensions are common. And industry observers said they wouldn't be surprised if yet another extension is needed before Feb. 13. NYRA has said to be opposed to long-term extensions for fear it would take pressure off Gov. Eliot Spitzer and lawmakers to broker a long-term deal.http://www.drf.com/news/article/91728.html
NYRA extension now through Feb 13.
By MATT HEGARTY…NYRA needed to secure another short-term extension because negotiations on a long-term extension of its franchise to operate the three tracks have not yet produced an agreement, and without an extension, the association would have been required to close its doors.

… "While we are disappointed that a final resolution has not been reached, we appreciate the diligent efforts of the Spitzer administration," said NYRA's chairman, Steven Duncker, in a prepared statement. "The latest temporary agreement provides the necessary time to enact legislation granting a long-term racing franchise."

… Bruno and NYRA have clashed on the composition of NYRA's board. Bruno is seeking a board that would have as a majority appointees of state officials, while NYRA has sought to preserve a board structure that would give its own appointees a majority, according to officials.

NYRA officials were initially reluctant to accept a short-term extension to its franchise, and it was not until Dec. 31 that the association reached an agreement with the oversight board …

… NYRA officials had also resisted a second short-term extension, but several developments softened its stance. Bruno's wife, Bobbie, died on Jan.7, which put negotiations over the franchise on a back burner. In addition, NYRA officials have said that negotiations over a long-term franchise have not yet reached a stalemate, and so they wanted to continue to work on an extension without putting a halt to racing operations.

Indulto

01-22-2008, 01:21 PM

http://timesunion.com/AspStories/story.asp?storyID=657183&category=FRONTPG&BCCode=HOME&newsdate=1/22/2008
NYRA receives a second extension
Oversight board chairman says deal is within reach as franchise gets new date of Feb. 13
By JAMES M. ODATO… The latest extension, to Feb. 13, should be the last, said Steve Newman, chairman of the NYRA oversight board.

… "There is no reason why there can't be a negotiated agreement with NYRA long before Feb. 13," Newman said. "I believe this is the last extension."

He said the differences holding up a deal are narrow and can be bridged by "reasonable people."

The major obstacles, according to people familiar with the private talks on the racing franchise, are a proposed reduction of NYRA's board, which would result in the racing association losing much of its control. Also, Senate Republicans continue to push for authorization of video lottery terminals at Belmont Park, which Assembly Democrats oppose. NYRA Chairman C. Steven Duncker said he was disappointed a permanent deal has not been achieved.

"We appreciate the diligent efforts of the Spitzer administration," he said. ...http://leftatthegate.blogspot.com/2008/01/tuesday-morning-notes-jan-22.html
Tuesday Morning Notes - Jan 22… if lawmakers really intend to fully explore the OTB issue in the light of NYCOTB's threatened closure, it's going to take a lot more than three more weeks. The scenario suggested the other day in which the franchise becomes entwined in the annual March 31 budget deadline drama makes a lot of sense, and perhaps is one we should have expected all along.

Of course, NYRA, if it really, really, really, really, really was 100% solid in its belief that it would ultimately prevail on the land claim issue, could put a stop to continued delays by threatening to halt racing and go to bankruptcy court. …NYRA’s extended bankruptcy period of exclusivity is set to expire on February 11. If the judge doesn’t grant another extension, the creditors will be able to file alternative reorganization plans as well.

OTM Al

01-22-2008, 01:28 PM

One of the creditors is Capital Play, who went out and bought up some debt so it could monkey with this process. Makes one wonder if the delaying may be intentional.

Indulto

01-23-2008, 03:29 AM

http://news.bloodhorse.com/viewstory.asp?id=43287
NY Panel Stymies Chairman's Actions
by Tom Precious… The Non-Profit Racing Association Oversight Board on January 22 adopted a resolution severely cutting short the power of Steven Newman, the new chairman recently appointed by Gov. Eliot Spitzer.

"The purpose is to shut him down," said one government source.

Beyond the immediate nature of the move, the panel’s resoluton was been seen as a further sign of troubles in the broader franchise negotiations. The panel is run by appointees of top government officials involved in the talks, and the latest power play could represent a set-back in the more important, permanent franchise discussions that have been going on for months now.

The Republican-dominated board had given its previous chairwoman, Carole Stone, who was appointed by former Gov. George Pataki to the post, broad powers to unilaterally act on the board’s behalf in negotiating deals with NYRA or selecting another entity if NYRA could not or would not keep racing going. …

… But Stone was bounced from her chair position by Spitzer, a Democrat who then appointed Newman, an ally of Democratic Speaker Sheldon Silver, as chairman. Since his appointment in December, Newman has brokered two temporary extensions to keep NYRA racing while state negotiators try to broker a more permanent solution. …

… The panel’s resolution noted that a deal might not be in place in three weeks when the extension expires, thereby requiring further action by the board to keep racing going. Instead of giving unilateral power to Newman, the board’s resolution requires that a majority of the board approve any further extensions.

... The action came the same day Spitzer unveiled his 2008 state budget plan — a document that includes a proposal to open a casino at Belmont. The preceding suggests that political partisanship is turning into tribal warfare.

http://www.newsday.com/news/local/state/ny-stbelm0123,0,310419.story?coll=ny_home_rail_headli nes
Spitzer backs video lottery terminals at Belmont
BY ERIK GERMAN… "It's something I think we should move forward on and something that I've favored for quite some time," Spitzer said, speaking to reporters after unveiling details of his latest budget. "In the context of where we are going in racing, I hope we can get it."

The state would receive a one-time $250-million payment from the company buying the video terminal franchise, according to Spitzer's spending plan.

It's still unclear how much annual cash terminals at Belmont would generate for state schools. But New York State Lottery spokesman John Charleson said the number of machines at Belmont is likely to be "equal to or greater" than those at the racetrack in Yonkers, which has churned out $20 million for education so far this fiscal year.

… Silver seems determined to see the plan stopped. "I've said it before and I'll say it again," Silver said. "Working men and women have a hard enough time making ends meet. Their government shouldn't be tempting them to play with their limited resources." ...

Indulto

01-23-2008, 12:16 PM

http://www.drf.com/news/article/91766.html
Vote could hinder NYRA negotiations
By MATT HEGARTYA New York racing panel has voted to rescind a resolution that gave its chairman unilateral power to negotiate with the New York Racing Association on temporary franchise extensions.

The Non Profit Racing Association Oversight Board nullified the resolution by a vote of 4-1 on Tuesday with the board's only Democratic appointee, chairman Steven Newman, in opposition.

… The vote to rescind the resolution requires a majority of the board to approve any extension to NYRA's franchise and may have a significant political effect on the negotiations to grant NYRA a long-term extension to its franchise …

… Before the vote to rescind the resolution, Newman asked board members to explain the intent of the actioin, and Stone answered: "The intent is for [future extensions] to be brought to the full board."

… "I don't think it's particularly helpful," Newman said. "I will obviously honor the resolution, but I honestly don't know what we will do if there is an extension and you have a problem with it. So be it."

The previously negotiated short-term extensions included language sought by NYRA that reserved its rights to claim ownership of Aqueduct, Belmont, and Saratoga. … The ability of Newman - who is allied with NYRA's supporters - to broker the deals was seen as critical to NYRA's efforts to protect its claims.

… The earlier adoption of a rule granting the oversight board's chairman unilateral power in dealing with NYRA was at first seen as a ploy by Bruno to put pressure on NYRA to accept a long-term deal that Republicans favored, by making it difficult for NYRA to receive a short-term extension. This would result in NYRA having to face a decision to shut down racing.

… In other developments Tuesday, Spitzer proposed as part of the state's budget that slot machines be legalized at Belmont Park, a measure that is favored by NYRA and Bruno. …

… The effort to legalize slot machines at Belmont is also supported by casino operators, who are expected to receive contracts from the state to operate the slot machines.http://www.thoroughbredtimes.com/national-news/2008/January/23/NYC-OTB-could-close-in-June.aspx
NYC OTB could close in June
by Paul PostHorses are leaving, New York Racing Association is bankrupt and operating with a temporary agreement, and Governor Eliot Spitzer will not discuss the still unresolved franchise situation.

The real crisis confronting New York’s Thoroughbred industry might be even larger, however, with the failure of New York City Off-Track Betting a distinct possibility.

NYC OTB provides $6.5-million, or roughly 42% of New York State Breeders and Development Fund revenues, which enrich purses and pay for breeders’ and owners’ awards.

“[NYC OTB’s] closure would be catastrophic,” Breeders’ Fund Executive Director Martin Kinsella said. …

… “I don’t think this is a bluff,” Kinsella said. “Everyone in Albany has known that the revenue distribution formula has been flawed for years. We’ve already lost 1,000 mares. People are just fleeing New York. I think it’s a disaster.”

… Spitzer, on Tuesday, made an 80-minute presentation on his proposed 2008-'09 state budget, dealing almost exclusively with how to fund education and health care. It was his third major address in two weeks, following on the heels of his “State of the State“ and “State of Upstate” messages. In each case, racing was never mentioned.

… Bennett Liebman, head of Albany Law School's Racing and Wagering Law Program, speculated that Spitzer has not wanted to address the franchise publicly, because any long-term racing solution will rely heavily on casino-style gaming.

“When you look at the governor’s budget, it’s a very long press release for what you want to do,” said Bennett Liebman, head of Albany Law School’s Racing and Wagering Law Program. “Getting involved with gambling is often not the subject you want to lead with. It has as many negatives as positives.”

… “The issues of the OTBs have to be resolved before June,” Casey said.

But if state leaders still haven’t decided who should run New York’s racetracks, the prospect of solving NYC OTB’s complicated problems appears to be a longshot at best.

Indulto

01-23-2008, 03:40 PM

http://paulmoranattheraces.blogspot.com/2008/01/huns-storm-gates-of-belmont.html
Huns storm the gates of Belmont
By Paul Moran… a proposal for 4,500 video lottery terminals at Belmont Park … a blow to anyone who regards the site of the final leg of the Triple Crown and more Grade I races than any track in the world, …, as hallowed ground that should be kept safe from the vulgarity of casino-flavored gambling.

Apparently, Spitzer … has capitulated to those who support the desecration of one of racing’s most historic sites … Huns to Sen. Joe Bruno’s Attila.

… the Non-profit Racing Association Oversight Board – the establishment of which is one of the countless blunders left by the Pataki administration – passed a resolution that makes it impossible … to broker even the most basic of agreements with the New York Racing Association without a vote. These are political appointees who would not have acted without direction from those whose largesse placed them in the positions they occupy. Untimely power plays are never encouraging.

The process is going backward and this maneuver, which guarantees forthcoming confrontation, is a setback of proportions yet incalculable. It is no longer a foregone conclusion that racing will survive this state government …The preceding reminded me of the following:

http://www.horseraceinsider.com/blog.php/Zasts-FastWords/P39/
New York Politicians - No Friends to Racing
Friday, May 18, 2007
By Vic ZastPoliticians do a lot of harm to people under the pretense that they have the public’s interest at heart. …
… Their own incompetence and inability to focus on racing as an issue has left the sport with time running out and no new legislation to help it along. The last ones the politicians will blame for racing’s demise in the state are themselves.

Meanwhile, ambitious groups such as NYRA, Excelsior, Empire Racing and Capital Play have been put through hoops to keep their bids alive. The prize must be mighty big for them to spend money like they are in order to maintain their intentions.

… Racing fans have suffered enough. How long has it been in New York since the horses was the topic instead of mass confusion? People in elected jobs are out for themselves and not for the sport. Remember that.

Indulto

01-24-2008, 05:10 AM

http://www.drf.com/news/article/91785.html
More pressure on NYRA deal
By MATT HEGARTY ... New York racing oversight board ...
... will now require a majority of the board to approve any short-term extension to NYRA's franchise if ongoing negotiations by legislative leaders on a long-term extension are unsuccessful by the Feb. 13 deadline. The Republicans control the board by 4-1, and opposition to a long-term extension is being led by senate majority leader Joseph Bruno, also a Republican.

… Bruno has long taken issue with the length of the extension and with the composition of NYRA's board, favoring one that contains a majority of state appointees.

… Although some NYRA officials have said they support the legalization of slot machines at Belmont, one NYRA official said privately on Wednesday that enthusiasm for the machines has waned as more interest groups seek a share of the revenue. In addition, the official said, the recent upheaval in the financial markets will likely take a toll on state tax revenues and put pressure on legislators to earmark an even larger share of casino profits to non-racing groups.

… Given all the turmoil, it is becoming more likely that NYRA will not participate in another short-term extension. Without a long-term legislative deal, NYRA officials could threaten to shut down racing on Feb. 13 and seek a resolution through the U.S. Bankruptcy Court.

… If NYRA officials were to prevail on their property claim, the state's negotiating position would be considerably weakened, although the impact is far from clear. Any resolution to the property issue would likely take several years, and NYRA officials have said they would try to block any state effort to install an operator for the tracks while the issue is under litigation. ...http://www.dailygazette.com/news/2008/jan/23/0123_budgetlocal/
Silver criticizes Spitzer's VLT proposal; Stratton likes increase in aid
By Bob Conner… Gov. Eliot Spitzer’s reliance on an expansion of gambling to balance the state budget drew criticism Tuesday from Assembly Speaker Sheldon Silver, D-Manhattan, who is usually an ally of the Democratic governor.

“I am always concerned by the social ills that an expansion of gambling brings,” the speaker said at a news conference. “We are concerned by talk of ‘monetizing’ the Lottery and the proposal to expand video lottery terminals to Belmont race track. Working men and women have a hard enough time making ends meet. Their government should not be tempting them to play with their limited resources.”

… Spitzer’s proposed budget Tuesday also called for installing VLTs at Belmont Park in Nassau County …

… Senate Majority Leader Joseph Bruno, R-Brunswick, also has called for VLTs at Belmont but wants to use some of the revenue for investing in the racing and breeding industries and for economic development around Belmont.

Spitzer, however, said the $250 million raised — in what he acknowledged would be a “one-shot” of revenue — would go to help plug the projected $4.4 billion budget gap.

… VLTs have been approved for Aqueduct but are not yet installed there, and Silver said their installation at nearby Belmont would cut into the take at Aqueduct.

… Bruno also said spending was too high but declined to say where it should be cut. Silver also declined to say how he would balance the budget. He and Bruno, in their separate news conferences, said they would study it. Silver suggested that neither he nor Bruno would propose lower spending than Spitzer.That $250 million in “one-shot” revenue is the VLT operator franchise fee, and the reason Spitzer is willing to sacrifice BEL to Moran’s “Huns.” I also suspect it is his way to bring Excelsior back into the picture since they were not interested unless slots at BEL were included. So Excelsior gets the VLT franchise, Nassau county gets slots revenue, Bruno saves face with LI Republicans and claims victory for “improving” Spitzer’s original plan, and Spitzer gets credit for resolving the renewal impasse. Hi Ho, Silver, a-w-a-a-a-y.

Hang in there, Mr. Speaker, Sir. Only your bullet can slay the vampire circling Elmont. Be the hero and don’t let Belmont become a better-lit Bat Cave for blood-sucking bandits – one-armed, masked, or neither. Make them establish benchmarks for combined slots revenue IN EXCESS of actual productivity demonstrated at AQU without facing competition 7 miles away. Have them perform marketing analyses to determine whether an additional 4500 slots deployed at BEL will produce more in combination than adding them to AQU. At that time also weigh whether that combined total will warrant altering Belmont’s historic landscape while further reducing warm-weather on-track handle. You can’t un-ring a bell. Above all, make sure the decision to deploy slots at BEL is based on reason and merit, not political expediency, horse-trading, or corruption.

Stick to your guns, Kemo Sabe, and keep slots on "the outskirts of town." Show Bruno a wimp can whump a chump, especially when the latter is a paid chimp engaged in monkey business.

Indulto

01-24-2008, 07:24 PM

http://paulmoranattheraces.blogspot.com/2008/01/government-at-expense-of-poor.html
Government at the expense of the poor
By Paul Moran… Those who hold firm the belief that everything not covered by the 10 commandments should be legal have no objection to gambling in any of its forms but taxation in the guise of gambling targets the poor and lower middle class and, though legal, the argument can be made that it violates the seventh commandment. Regressive taxation cloaked in the garb of a game of chance that promises instant wealth and delivers 12 million-to-one odds buried in fine print is called the lottery and the governor’s proposed 2008 budget calls not only for the installation of 4,500 video lottery terminals at each downstate racetracks operated by the New York Racing Association but also an expansion of the Quick Draw game, which is often referred to as video crack.

This is a sinister game played through the day and into the night in New York, 13 hours of daily televised pocket picking played primarily in small neighborhood stores, bars and restaurants. Now, there are no Quick Draw monitors in places frequented by people of means, but it is not uncommon to see groups of people obviously with time on their hands gathered in neighborhood stores and bars staring blankly at the screen …

… This goes beyond de facto taxation of those who can least afford to lose their money, it is aggressive financial debilitation of those on the lowest economic stratum and speaks directly to the desperate.

… No one pulls up to a neighborhood shop in a Ferrari and spends the afternoon playing Quick Draw. …

… Nor is the typical video lottery casino crowd exactly upscale and while the concept is embraced by the racing industry as a fact of economic necessity, it is a defensive measure not a welcome addition that will enrich the racing experience.

The dollar and a dream concept, in practice, takes the dollar and leaves the dream -- inevitably a nightmare about being broke.

Indulto

01-25-2008, 03:05 PM

http://www.troyrecord.com/WebApp/appmanager/JRC/BigDaily?_nfpb=true&_pageLabel=pg_article&r21.pgpath=%2FTRD%2FSports%2FHorse+Racing&r21.content=%2FTRD%2FSports%2FHorse+Racing%2FTopSt oryList_Story_1476358
Death watch resumes
By Nick Kling… One month ago … I asked Senator Bruno if a reconstituted NYRA board would have to consist of a majority of state appointees. His answer to me, at that time, was clear.

"Absolutely not," Bruno said.

However, Daily Racing Form reported in its Jan. 21 on-line edition that Bruno is now striving for exactly that.

If correct, the story leads to one of two possible conclusions. Either there has been a substantial hardening of Bruno's position, or state control of the NYRA Board was his goal all along.

A NYRA official indicated to me weeks ago it was unlikely the current Board of Trustees would ever accept such a position.

… Spitzer's budget proposal for this year includes revenue from video lottery terminals (VLTs) installed at Belmont Park. That is a gigantic leap of faith unwarranted by the facts.

For starters, VLTs have not been approved for Belmont Park, and Assembly Speaker Sheldon Silver has opposed them. In addition, the Spitzer budget covers the period from April 1, 2008 to March 31, 2009. If these VLTs were approved tomorrow, it is unlikely they would be operating for at least a year. The Spitzer budget revenue projection from VLTs is fantasy. …

Indulto

01-26-2008, 05:05 AM

http://leftatthegate.blogspot.com/2008/01/franchise-notes-jan-25.html
Franchise Notes - Jan 25… A shutdown would become even more likely, indeed, inevitable, should the Republicans on the Oversight Board flex their newfound muscle and seek to dilute the language which, in NYRA's view, fully protects their land claim. I still lean to the opinion that they won't do that, as the fingers would still point to Bruno as the Man Who Stopped Racing. On the other hand, NYRA may finally be ready to take this to the brink and demand a resolution or else. If they fully believe in their legal stance, why wouldn't they at this point? NYRA's influence on the negotiations figures to greatly diminish once the issue becomes entwined with the general budget negotiations (which may already have occurred given Spitzer's inclusion of Belmont VLT's in his proposal). And after all, the state has backed down every time that the land claim has threatened to go to court. However, I'm not even going to try to guess at this time if they'll do the same next month.Suppose the land ownership issue goes to court -- where does NYRA get the money for legal fees? Would a capable firm take their case on a contingency fee basis?

Where could racing be conducted by the Oversight Board? Probably nowhere during Jan. and Feb., but considering that NJ racing is desperate for funding, could they lease the Meadowlands for daytime racing?

Indulto

01-27-2008, 03:39 PM

http://timesunion.com/AspStories/story.asp?storyID=658660&category=SPORTS&newsdate=1/27/2008
Threats in air worry horsemen
At Aqueduct, anxious talk about racing's future in state
By Tim Wilken... What if there were no horse racing in New York?

… "I don't lose any sleep over it," said Gary Contessa, 50, the leading trainer at the Aqueduct winter meet. "I can't imagine that anyone would allow racing to come to a screeching halt in New York."

... "Whatever solution they come up with," said trainer Todd Pletcher, 40, whose mammoth stable stretches from California to New York, "we need to have racing in New York."

… "This is really scary," trainer James Bond said. "I don't think people realize how much trouble this game is in. People should be scared to death." ...
… "They make their bread and butter in the winter," he said. "The big outfits, like Todd (Pletcher) and Kiaran (McLaughlin) are gone to Florida. The races that are run for $50,000 (in New York) are a little lighter. People have a chance to run in New York, myself included."

Leah Gyarmati, a 43-year-old former jockey who turned trainer in 1999 …
… "You don't come to the racetrack because it's easy," Gyarmati said. "You'll always find a way to make a living. If we closed, it would not drive me out of business. But this is where I live. This is where I choose to work. This whole thing is very alarming because I think it is a lot of politics and a lot of people playing games. I don't know if anyone has done the numbers to find out how many people depend on winter racing."

Hayward said there are 1,200 employees who work for NYRA and close to 2,000 horsemen. That includes trainers, assistant trainers, grooms, hotwalkers and exercise riders. There are also about 50 jockeys who ride at the Aqueduct meet. They are individually contracted.

If racing stopped, Hayward said others would be affected. Workers who provide the feed for horses, those that remove manure from the backstretch, veterinarians and horse van companies would have less work.

And don't forget the horses. Hayward said all 600 stalls at Aqueduct are full, and there are about 2,000 horses stabled at Belmont, eight miles from the Big A. They would have to be placed someplace else to run. ...Interesting distribution of horses among "horsemen". How many of that 2000 are trainers? Does the NYTHA include grooms, hotwalkers, and exercise riders among its members?

Indulto

01-28-2008, 04:35 PM

http://www.chron.com/disp/story.mpl/ap/fn/5491875.html

IRS to Reduce Claim Against NYRA
By JACQUELINE PALANK… The Internal Revenue Service announced plans to reduce its tax claim against the New York Racing Association to $15.2 million from $1.6 billion, but an attorney for the horse-racing association said negotiations continue over the disputed claim.

… Back in November, NYRA said the IRS agreed to withdraw the $1.6 billion claim and to file a new claim that was $25 million or less. The two parties said in documents filed with the U.S. Bankruptcy Court in Manhattan this month that the IRS will file a new claim for $15.2 million, subject to further changes.

The IRS filed its claim amid an ongoing audit of NYRA for the years 2000 through 2005, pointing out 16 adjustments to NYRA's tax returns. The new agreement resolves issues with all but two of the adjustments, which the IRS values at about $23 million and which NYRA disputes.

NYRA, … , will try to resolve disputes with some of its major creditors as the clock ticks on its exclusive right to file a bankruptcy exit plan. NYRA has until Feb. 11 before other parties can offer competing plans for reorganizing the company and repaying its creditors.

NYRA said it plans to present the stipulation with the IRS to the bankruptcy court on Feb. 4. Ten days later, it will face off with the federal government's private pension insurer, the Pension Benefit Guaranty Corp., at a hearing to work out disputes over at least $100 million in claims that the PBGC says it's owed. …

Indulto

01-29-2008, 05:58 AM

http://www.allamericanpatriots.com/48741573_nyc-mayor-michael-r-bloomberg-testifies-state-asse
NYC Mayor Michael R. Bloomberg Testifies Before The State Assembly Ways And Means Committee And State Senate Finance Committee
… "Consider the contrast between the financial condition of New York City's Off-Track Betting Corporation and that of the New York Racing Association, NYRA. Currently, NYC-OTB brings in more than $1 billion a year and generates an annual operating profit of approximately $125 million. Its income subsidizes the state racing industry. Last year alone, NYC-OTB paid the racing industry approximately $98 million, of which $54 million went to the Racing Association, and close to $10 million to thoroughbred and harness breeding funds.

"On the other hand, in addition to what it has received from NYC-OTB, the Racing Association has so far also received $51 million from the State. Now, according to their bankruptcy documents, they also owe the State more than $200 million, including some $70 million to the Racing and Wagering Board. And now a State bailout of as much as $75 million for NYRA of is being bruited about.

"By contrast, the only thing NYC-OTB is asking the State for is the ability to do business without so much money being siphoned off its gross revenues. The increased distributions that are legally required to make to the State and to the racing industry are eroding our ability to stay in business.

"If NYC-OTB were to close its doors in June - as at this point it's on track to do, and anybody that thinks I'm kidding doesn't know me very well. This City is not going to subsidize a bookie operation. It's bad enough we have gambling as a revenue source. I understand the need for it. But it's going to be a source for us or we're going to close it. It also, sadly, will affect 1500 people who work directly for it, so its ripples will be felt throughout the state.

"The discussion in Albany about the NYRA franchise ought to prompt some serious consideration and open discussion of integrating the on- and off-track operations in New York State. The current system doesn't work, and the best course may be putting it out to pasture. Now I'm not opposed to subsidizing the racing industry; it is a big industry in the city, it brings people to New York, helps tourism. I happen to own a bunch of horses as well. But the bottom line is, we just can't have a city that doesn't have enough schools, doesn't have enough police officers, doesn't pay its employees as well as we'd like to, can't invest in culturals and parks for the need that we really- things that we really have, doesn't have enough money to improve its environment, and yet we're sending money to a bookie operation. That's just not tolerable. …http://www.newsday.com/news/local/newyork/ny-nyotb295555827jan29,0,1384415.story
State offers "anything to assist" ailing OTB
BY KARLA SCHUSTER… The chairman of the Senate Racing, Gaming and Wagering Committee expressed support yesterday for New York City's position that the state's off-track betting operations need to be reformed.

As the state tries to figure out a long-term plan for its racing franchise, "we might as well do something" for the OTBs, Sen. William J. Larkin Jr. (R,C-Cromwell-on-Hudson) told Mayor Michael Bloomberg. "I personally think it's long overdue [and] I will do anything to assist you."

… Between 1997 and 2001, the city received an average of $11 million a year from OTB. That number fell to just $1 million in 2002, and the city got no money in 2003 and 2005, according to a 2006 report by city Comptroller William Thompson. …

Indulto

01-30-2008, 05:26 PM

http://paulmoranattheraces.blogspot.com/2008/01/perfect-location-for-barbaro-memorial.html
A perfect location for Barbaro memorial
By Paul Moran… OTB: Bloomberg – State showdown looms

Though the Senate Racing, Gaming and Wagering Committee chairman expressed support on Monday for New York City's position that the state's off-track betting operations need to be reformed, we’re in the early phase of doubletalk and vagueness, so as the worm turns, it appears that not only do we await the possibility of a showdown between the New York Racing Association in mid-February, when the extension of the franchise extension expires, but yet another in June, this one involving New York City OTB.

… City OTB is profitable, but under state law it must turn over so much of its revenue to the state [Note: Ain’t New York grand?] that the net result is negative. OTB is apparently not at its worst a zero-sum business. …http://www.thoroughbredtimes.com/national-news/2008/January/30/Racing-a-hot-topic-at-New-York-Association-of-Counties-meeting-Tuesday.aspx
Racing a hot topic at New York Association of Counties meeting
by Paul PostAssembly Minority Leader James Tedisco (R-Schenectady) on Tuesday blamed Speaker Sheldon Silver (D-Manhattan) for delays in getting New York’s Thoroughbred racing agreement approved.

… “The real holdup here is Sheldon Silver,” Tedisco said. “I don’t know if the speaker’s trying to play a card to get some more funding or assistance for the downstate area in delaying this process, but I know the longer we go the worse impact it has on the economy of Saratoga. It’s a real concern.”

His district includes Saratoga Race Course, as does Senate Majority Leader Joseph L. Bruno (R-Brunswick) the state’s most powerful Republican.

… Bruno, on Tuesday, repeated his call for a public racing and wagering entity that would handle all aspects of the franchise, including gaming, marketing, and track real estate development. New York OTB’s situation should be dealt with in franchise negotiations, which have been sidetracked by Spitzer’s 2008 budget preparations, he said.

“We need the governor and the people who are representing him to get to the table,” Bruno said. “We can’t get the support for that from the others that we need, the Assembly and the governor. We have to have one racing and wagering venue and this was an opportunity for us to do it. …http://news.bloodhorse.com/viewstory.asp?id=43420
Will NYRA Take Temporary Extension?
by Karen Johnson
With another deadline looming that could shut down racing at Aqueduct Feb. 14, rumors are circulating among horsemen that the New York Racing Association might not be willing to accept another temporary extension to keep racing going.

… “There seems to be rumblings that NYRA may not accept (another extension) at the deadline,” trainer Rick Violette said from Florida Jan. 28. “I don’t think NYRA is blowing smoke. I don’t think it is a bluff.

“There are easily two mindsets here: We all would like to have seen this resolved months ago because it isn’t doing anybody in the industry any good. But if NYRA stopped racing for a few days, or a few weeks, could that bring a resolution? That is where the devil lays.”

Violette is the president of the New York Thoroughbred Horsemen’s Association, which represents the interests of 6,000 people in the racing industry.

“It’s a very fine line you have to walk,” Violette said. “It’s unacceptable to lose even one day of racing. On the flip side, extension after extension doesn’t do anyone any good. It’s a dire time, no doubt about that.”

… A wrinkle took place after the most recent extension was granted when the state government panel overseeing Thoroughbred racing made a resolution Jan. 22 restricting the power of its new chairman, Steven Newman, who was appointed by Gov. Eliot Spitzer to unilaterally broker deals with NYRA on short-term extensions.

The sides have agreed in principle to allow NYRA to continue running racing at Aqueduct, Belmont Park, and Saratoga. Two of the issues that have caused stumbling blocks between the sides are the length of the franchise, and if another entity should be involved in overseeing the operation of video lottery terminals at Aqueduct.

Indulto

01-31-2008, 04:44 PM

http://paulmoranattheraces.blogspot.com/2008/01/tale-wags-dog.html
Tail wags dog
By Paul Moran… Another voice:

While the rumor mill surrounding negotiations in Albany has been eerily silent of late, the New York racing franchise dialogue continues and a variety of opinions, primarily those of concerned participants in the industry, too often lacks a forum.

The author is president of International Racing Management, Ltd.

… Re: “Open Letter from Owners-Trainers-Breeders-Agents-Farmers & Fans of NY Racing”

… Governor, we APPEAL to you to seize the moment: KEEP THE TRACKS PRIVATE: We ask you to Re-open MOU talks with NYRA, thereby freeing it to negotiate a merger with Capital Play - the only entity that has the financial wherewithal and comprehensive plan to allow the new entity to begin immediate negotiations with the State and NYSRWB Re: 1) Getting Aqueduct’s VLT Engine up and running. (CP has a brilliant plan to turn “A” into "JFK’s waiting room”). 2) Rolling OTB's and Racing into one operation. 3) Solving Horsemen’s VLT & Simulcast Revenues.

Sincerely,

Pamela Stokes Donehowerhttp://leftatthegate.blogspot.com/2008/01/no-progress-to-report.html
No Progress To Report… Senator Bruno said that the ball is in Gov. Eliot Spitzer’s court, which means, of course, in Brunospeak that it's up to Spitzer to accede to Bruno's demands on the NYRA board and the length of the franchise. The two agree, however, on Belmont slots, and it's Silver who is holding up an agreement on that.

Regarding OTB, Bruno said: “We should be rolling all of that in while we’re addressing racing and wagering here in the state....We can’t get the support for that from the others that we need, the Assembly and the governor. We have to have one racing and wagering venue and this was an opportunity for us to do it. So we’re still going to keep working toward getting that done.”

Bruno has been talking about the OTB issue, but only since the time that the Senate put forward their response to the MOU; and it has only gained prominence since Bloomberg's threat to close the City OTB. So it would be false for him to imply that he's been out front on the matter all along while the others have waffled. In fact, enhancing his political influence in the new franchise has seemed to be his top priority. …http://www.newsday.com/news/local/nassau/ny-liotb315558221jan31,0,2990548.story
Hempstead wants to restrict OTB parlor locations
BY EDEN LAIKINSpurred by residents' complaints about a proposal to relocate an Off-Track Betting parlor to a North Lawrence neighborhood, the Hempstead Town Board wants to set restrictions on where such parlors may be located.

… They are asking Nassau OTB President Dino Amoroso and Nassau Legis. Jeff Toback (D-Oceanside), whose district includes the area, to rescind the plan to move the OTB parlor from Rockaway Turnpike to the corner of Burnside Avenue and Lawrence Lane.

… The town hopes to craft legislation to keep the parlors out of residential areas.

… The town board will hold a public hearing Tuesday to help decide whether to create a new zoning ordinance that would prohibit OTB parlors within 500 feet of homes and 1,000 feet of schools and houses of worship.

… Town officials said they have received more than 100 letters from residents, asking for help in keeping the parlor out of their neighborhood. Their concerns include the transient nature of OTB clients and often extensive hours of operation.

… "It is ill-advised and will adversely impact the character of residential homes that surround the site," the letter read. "Residents should be protected from unwarranted commercial intrusions into their neighborhoods."How do they feel about VLTs at BEL?

Pace Cap'n

01-31-2008, 05:40 PM

What's the MOU?

Indulto

01-31-2008, 06:22 PM

What's the MOU?Memorandom of Understanding -- the signed agreement between Spitzer and NYRA that Bruno opposes. It renews the franchise for 30 years without authorizing slots at BEL and allows NYRA to retain control over a smaller board of directors.

Indulto

01-31-2008, 09:42 PM

http://paulmoranattheraces.blogspot.com/2008/01/law-of-diminishing-returns.html
The law of diminishing returns
By Paul Moran… While the politicians in Albany haggle over, among other things germane to the continuation of racing in New York, about 9,000 video lottery terminals are proposed for Aqueduct and Belmont Park, which would increase the number of such machines in the metropolitan area to about 15,000 counting those already in operation at the harness track formerly known at Yonkers Raceway.

… According to reports published on Thursday, the New York State budget division predicts Aqueduct will generate $150 million in lottery machine proceeds for the state in 2009-10, followed by $300 million in 2010-11.

If approved, the Belmont machines would go into operation in September 2010 and the forecast is for a contribution of $150 million to Albany in 2010-11 and $300 million in 2011-12.

As the crow flies, Aqueduct and Belmont are six miles apart, 15 minutes in routine traffic. If the budget gurus believe that a second casino in that span of distance-- especially one that, like Belmont, is difficult to reach by public transport and offers the identical product-- will double the betting handle, they are at best very wrong, hopefully just foolish and at worst disingenuous. In practice, one will cannibalize the other – another reason for a VLT-free Belmont.

… Not all will prosper in such an environment. Increased supply in the face of stagnant and dwindling demand is not a sound business model. It is, however, the one that we have in New York.Estimates of the distance between BEL and AQU keep decreasing (from 12 to 6 miles), but the estimates of slots revenue keeps increasing. ;)

Indulto

02-01-2008, 12:16 PM

http://www.saratogian.com/WebApp/appmanager/JRC/BigDaily;jsessionid=hM2sHvnYzqSv3nGlMLTvSVPqP23twG 2FBxfpwVmTrQY2GbsNqQvy!-1019023892?_nfpb=true&_pageLabel=pg_article&r21.pgpath=%2FTST%2FHome&r21.content=%2FTST%2FHome%2FTopStoryList_Story_151 4737
Friday, February 1, 2008
State: Franchise first, OTB decision later
By PAUL POST… The state’s racing franchise might get settled by Feb. 13, but it won’t address New York City Off Track Betting’s financial woes, one of Gov. Eliot Spitzer’s chief negotiators said Thursday.

… “There’s no question the issue of NYC OTB has to be dealt with this legislative session, but it won’t get dealt with by Feb. 13,” State Budget Director Paul Francis said.

The first priority should be reaching a franchise agreement, then shifting the focus to OTB, he said.

Francis has been at the heart of franchise talks along with Richard Rifkin, Spitzer’s special counsel, who chaired a committee the governor named to choose the next track operator.

… “I don’t expect that we’ll need any more extensions,” Francis said. “At this stage a lot of what’s being done is drafting with periodic reviews of the work that’s been produced. There continue to be issues, but we believe they are all resolvable.

“It’s taken a little longer than people expected. Part of that is the complexity of getting to a definitive statute.”Also from the article:On Thursday, the group International Racing Management voiced its opposition to Belmont gaming, too.

“Horsemen everywhere are appalled with your proposal to install VLTs at historic Belmont Park,” President Pamela Stokes Donehower wrote in an open letter to Spitzer.

… IRM’s mission is to attract new owners to the thoroughbred industry. The firm wants NYRA, which is currently bankrupt, to merge with Australia-based Capital Play Inc., which it says has the financial means to make racing profitable again.

Capital Play wants to make a huge investment at Aqueduct with entertainment and retail facilities. …The brilliance of Capital Offense’s inspired ploy to portray themselves as protectors of unspoiled racing at BEL almost escaped me. While Moran has been critical of this bidder in the past, it must have been their paraphrasing him that prevented him pointing that out when presenting that letter:

http://paulmoranattheraces.blogspot...of-belmont.html (http://paulmoranattheraces.blogspot.com/2008/01/huns-storm-gates-of-belmont.html)
January 23, 2008
Huns storm the gates of Belmont
By Paul Moran … a proposal for 4,500 video lottery terminals at Belmont Park … a blow to anyone who regards the site of the final leg of the Triple Crown and more Grade I races than any track in the world, …, as hallowed ground that should be kept safe from the vulgarity of casino-flavored gambling. …http://paulmoranattheraces.blogspot...e-wags-dog.html (http://paulmoranattheraces.blogspot.com/2008/01/tale-wags-dog.html)
January 30, 2008
Tail wags dog
By Paul Moran … Another voice:

While the rumor mill surrounding negotiations in Albany has been eerily silent of late, the New York racing franchise dialogue continues and a variety of opinions, primarily those of concerned participants in the industry, too often lacks a forum.

The author is president of International Racing Management, Ltd.

… Re: “Open Letter from Owners-Trainers-Breeders-Agents-Farmers & Fans of NY Racing”

… Horsemen everywhere are appalled with your proposal to install VLTS at historic Belmont Park – site of the final leg of the Triple Crown and more Grade I Races than any track in the world. Your statement [Newsday (01/22/08) “Spitzer backs VLTS] shows a dearth of appreciation for Belmont Park as a revered national treasure; and NO REGARD for COMMUNITY EFFORTS (Elmont / Floral Park) to preserve and beautify it. …

Sincerely,

Pamela Stokes Donehower …Does this mean Moran would embrace this bidder if they are content to leave his beloved Belmont out of their equation?

http://www.dailygazette.com/news/2008/feb/01/0201_trust_nyra/
Bank’s president chides Bruno for inaction
Adirondack Trust leader urges senator to sign NYRA deal
By Bob Conner… Charles Wait, president of Saratoga Springs-based Adirondack Trust Co., criticized Senate Majority Leader Joseph Bruno on Thursday in the bank’s annual report, saying the Senate leader is the obstacle to reaching a long-term agreement on New York’s thoroughbred horse racing franchise.

… Bruno, Wait said, is jeopardizing the area’s economy by refusing to compromise. “It is entirely within the power and ability of Senator Bruno to solve this problem immediately and without further delay,” he wrote.

Wait cited Bruno’s accomplishments and benefits he has helped confer on the area, concluding: “It would be a great shame if his record of achievement were tarnished by a failure to find common ground with the governor and the New York Racing Association.”

… Wait said he resigned this week from the NYRA board, “because I didn’t want the appearance of any conflict of interest.” A longtime Republican and Bruno supporter, he said it was “unprecedented” for him to use the bank report to make a political statement.

… “[Spitzer’s] tactic is to create pressure instead of negotiating,” Bruno said. He said he is fine with NYRA running racing at the three tracks, but outside investors need to come in at Aqueduct and Belmont to do development and run video lottery terminals. The composition of the NYRA board also is an unresolved issue, Bruno said, but one that the parties are not far apart on.

There is widespread concern in Saratoga, even among longtime Bruno allies such as Chamber of Commerce President Joseph Dalton, that the racing impasse is a threat both to the summer season and the industry’s long-term future, especially if a track is shut down. Horses and trainers will follow the money, Dalton said, to other states where they can race.

NYRA’s franchise expired at the end of last year, and it has received two temporary extenders to keep the winter meet at Aqueduct going through Feb. 13. After that, Dalton said, “It could be the Valentine’s Day massacre.”

… But Dalton said the blame does not lie just with Bruno, but with Spitzer, too, and all the leaders in Albany.

Spitzer spokeswoman Jennifer Givner said the governor expects a long-term agreement to be reached by Feb. 13.

… Asked why he doesn’t cave in to Spitzer, Bruno said it is “naive” to think that way because that’s not how government works — or at least not how he works.

“[Spitzer] figures people like you are going to get me to sweat,” Bruno said to a reporter, smiling as he headed back to his office. “I’m not sweating,” said the shirtsleeved Senate leader, raising his arms to demonstrate.

… Dalton said the agreement between Spitzer and NYRA is vague, with lots of details that need to be worked out. Wait, however, said Bruno should sign on the broad outline, and the details could then be dealt with. … http://www.nydailynews.com/sports/more_sports/2008/02/01/2008-02-01_the_day_at_the_races-2.html
The Day at the Races
BY JERRY BOSSERTUnfortunately, there is still no resolution from Albany regarding the New York Racing Association franchise, which is currently running racing under a temporary extension that expires on Feb. 13.

While the horsemen and employees count down the days until an expected stoppage, progress is being made, according to Scott Reif, spokesman for the State Senate Majority Leader Joe Bruno.

"Discussions have moved forward," Reif said. "We believe there will be uninterrupted racing at Aqueduct."

Reif did say one stumbling block continues to be the makeup of the NYRA Board of Trustees, and also mentioned that Bruno is frustrated because he wanted an open public leaders meeting about the franchise, but that the governor's office had refused. …Has anyone ever seen anything from Bruno and his boys explaining in detail what they hope to accomplish in such a meeting?

Indulto

02-01-2008, 01:05 PM

http://timesunion.com/AspStories/story.asp?storyID=660223&category=&BCCode=&newsdate=2/1/2008
NYRA trustee quits, blasting Bruno
By JAMES M. ODATO… Saratoga Springs lost its representative on the New York Racing Association board today when Adirondack Trust President Charles Wait quit as a trustee, criticizing Senate Majority Leader Joseph Bruno for not serving the best interests of racing and the community.

Wait said he could not stay quiet about his frustration with Bruno's refusal to go along with an agreement between Gov. Eliot Spitzer and NYRA for an extension of the racing franchise. He suggested that racing could go dark in Saratoga, as well as at Aqueduct and Belmont, if Bruno continues his demands for new elements beyond those agreed to in a September deal with Spitzer.

Bruno has blasted that agreement because it was worked out privately and without legislators' input. He has sought assurances that NYRA would be held accountable. He also wants to shrink the size of the NYRA board and increase the number of trustees appointed by the governor, Senate and Assembly.

"I believe that it is important for Saratogians to understand that we are facing a crisis in racing," Wait said in news release. "I know that Senator Bruno is powerful and popular and I know that criticizing him in public may bring retribution."

In an interview, Wait said he had to resign to make his feelings known because trustees shouldn't be acting independently, particularly when they criticize the leading Republican in New York. A trustee for 23 years, Wait was a NYRA stockholder appointed to the board by the racing association itself.

"It is also my opinion that there is no plausible reason for the New York state Senate to continue to delay ratification of the memorandum of understanding first proposed by Gov. Spitzer," he said. "I urge my senator, Sen. Bruno, to use his power and popularity to end the discord and uncertainty clouding the future of the Saratoga race meet. I urge him to encourage the Senate to agree to the memorandum of understanding. I urge him to safeguard the most important engine of economic prosperity in his district."

… A Feb. 13 deadline looms and NYRA can't wait much longer before it runs out of money and will have to take actions such as cessation of racing, Wait said. NYRA would continue to sue to prove it owns the track properties, which it must clarify to either sell real estate or borrow against it to pay off more than $300 million in debt, he said.

… Bruno's office had no immediate response.

Wait's resignation leaves the NYRA board with 23 members.

Indulto

02-01-2008, 03:10 PM

http://www.thoroughbredtimes.com/national-news/2008/February/01/Group-asks-Spitzer-to-avoid-putting-VLTs-at-Belmont.aspx
Group asks Spitzer to avoid putting VLTs at Belmont
by Paul PostThe group International Racing Management, dedicated to attracting new owners to the Thoroughbred industry, wants New York Governor Eliot Spitzer to prevent video gaming at Belmont Park.

Spitzer’s 2008-'09 budget proposal, unveiled last week, calls for authorization of video lottery terminals at Belmont as well as Aqueduct.

… “Horsemen everywhere are appalled with your proposal to install VLTs at historic Belmont Park—site of the final leg of the Triple Crown and more Grade 1 races than any track in the world,” IRM President Pamela Stokes Donehower wrote in a January 30 letter to Spitzer.

The governor’s proposal “shows a dearth of appreciation for Belmont Park as a revered national treasure; and no regard for community efforts to preserve and beautify it,” she said.

IRM supports plans by Australian-based Capital Play Inc. to overhaul Aqueduct with a high-profile gaming venue that would include entertainment and retail opportunities. IRM supports a merger between Capital Play and the New York Racing Association that would see NYRA handle the on-track racing product.

Donehower described Capital Play as “the only entity that has the financial wherewithal and comprehensive plan to allow the new entity [franchise] to begin negotiations with the state and state Racing and Wagering Board,” she said.

“Governor, we all appeal to you to seize the moment: keep the tracks private.”

... Aqueduct is slated to get 4,500 VLTs, and a gaming facility could be up and running 12-14 months after a franchise agreement is reached.

Some people have questioned whether Belmont and Aqueduct both could support large-scale gaming venues because the tracks are only about ten miles apart. In addition, VLTs have not lived up to financial projections at New York’s harness tracks, where they already have been installed.

“We need to grow racing, not kill it with slots,” Donehower wrote Spitzer.Interestingly, Googling “International Racing Management” found that phrase on the following website:

http://www.capitalplayny.com/pdf/Executive_Summary_080707.pdf

where this franchise bidder refers to itself as “a top international racing management team."

Wouldn’t you think journalists like Paul Post and Paul Moran would at least have included some details of their research on “IRM,” e.g., like how long they’ve been in existence, where they’re located, the source of their funding, etc.? I wonder if either of them explored the possibility of a link between Ms. Stokes and Capital Play or perhaps their marketing consultant(s)?

Should we expect more of reporters than of politicians?

Indulto

02-01-2008, 05:24 PM

http://news.bloodhorse.com/viewstory.asp?id=43457&source=rss
NYRA Trustee Resigns, Blasts Bruno
by Claire NovakCharles Wait, ... , has resigned from his position on the New York Racing Association’s board of trustees, citing his dissatisfaction with the position of Senate Majority Leader Joseph Bruno as the main reason for his decision.

“I feel strongly at odds with the Senate’s position, or really, their lack of one,” Wait wrote in a letter dated Jan. 30 to NYRA chairman Steve Duncker. “I also feel that Saratogians need to know where I stand on this most important issue to our city.”

Bruno is refusing to go along with an agreement to extend the racing franchise which was made between Gov. Eliot Spitzer and NYRA because the arrangement was worked out privately and without input from legislators. The Senator also has stated his desire to increase the number of NYRA trustees appointed by the state government, and has expressed an intent to reduce the size of the 23-member NYRA board overall.

“Publicly articulating a position of disagreement with a popular and powerful Senator may not be well received,” Wait continued in his letter. “Should there be retribution, I have no desire for NYRA to be the target. In addition, some might regard my support of NYRA as a selfish desire to promote my own interests as a member of the board of trustees. For these reasons, I have reluctantly concluded that my proper course of action is to publicly articulate my support of NYRA and resign my position as a member of the board of trustees.”

A trustee for 23 years, Wait was selected by the racing association to serve in that capacity after holding NYRA stock for several years.

“The contribution Charles has made to the racing industry and to NYRA throughout his tenure as a NYRA Board member is enormous,” Duncker said. “As has been his practice throughout his years of service on the NYRA Board, Charles’ resignation is motivated by his selfless desire to do what is best for Thoroughbred racing and the Saratoga community. He has taken decisive action aimed at protecting the interests of his community.” …http://www.drf.com/news/article/91990.html
NYRA board member resigns
By MATT HEGARTYCharles Wait, … , resigned from the board of the New York Racing Association on Wednesday, one day prior to openly criticizing senator Joseph Bruno for his role in negotiations over a long-term franchise for the association.

… “As of this date, the Senate has still refused to compromise, putting the citizens residing in Senator Bruno’s district at risk of seriously adverse financial consequences,” Wait wrote. “It is entirely within the power and ability of Senator Bruno to solve this problem immediately and without delay.”

Bruno released a statement on Friday in response to Wait’s criticism that called the deal supported by Spitzer and Silver “not in the best interest of taxpayers,” but also said that he expected a long-term deal to be completed within the next two weeks.

“We’ve made clear that the old racing model does not work and that significant changes are necessary to make racing even better for horsemen, for communities that host the tracks, for employees of the racing industry and for fans,” Bruno said. “That has been our consistent focus and it is a goal we will soon achieve.”

Wait’s criticism underscores the anxiety felt by many residents of Saratoga County, where the six-week Saratoga meet, which runs from late July to early September, is a significant economic driver for small businesses and homeowners. NYRA has been unwilling to sell tickets for the meet because of uncertainty surrounding the franchise, and some real-estate agents are allowing potential renters to sign leases that will become void if a meet is not held. …

aaron

02-01-2008, 07:29 PM

Typical NYRA spin on the resignation of Charles Wait. " Contribution Charles has made to NYRA throughout is tenure is enormous."
I shutter to think what position NYRA would be in without his contribution. Maybe they would be bankrupt.
Won't they ever learn sometimes its better to say nothing.

Indulto

02-02-2008, 05:21 AM

http://www.newsday.com/news/local/state/ny-strace315558220jan31,0,5218769.story
State: Racetrack VLTs would generate $600M a year
BY JAMES T. MADORE… Spitzer's budget division predicts Aqueduct will generate $150 million in lottery machine proceeds for the state in 2009-10, followed by $300 million in 2010-11, according to spokesman Matt Anderson.

If approved, he said, the Belmont machines would go into operation in September 2010 and contribute $150 million to Albany in 2010-11 and $300 million in 2011-12.

Anderson was responding to questions raised by Assembly Speaker Sheldon Silver (D-Manhattan) about Spitzer's 2008-09 spending plan, which includes a $250-million one-time payment from the future operator of the Belmont lottery machines.

Silver, who opposes more gambling at Belmont, questioned why the governor is expecting revenue from a machine deal that has yet to be approved by lawmakers and none from Aqueduct.

Anderson replied that Spitzer didn't include Aqueduct revenue in his budget proposals for 2008-09 because none will be available until the following fiscal year.

Silver doubted that adding lottery machines at Belmont would generate $300 million over Aqueduct's take, based on his conversations with casino experts.

"Belmont is five or 10 minutes away," Silver told reporters Tuesday. "All you are going to accomplish is a saturation of the business ... You wouldn't increase the market, you would reduce it."

Silver also took aim at Spitzer's plan to expand the Quick Draw lottery game in order to help close a $4.4-billion gap in the 2008-09 budget.

He said, "I believe very honestly that we shouldn't be balancing the budget by in effect taxing lower-income working men and women in this state ... through more gambling."

Spitzer has characterized his proposals as "responsible and prudent," given the state's fiscal shortfall next year.What about the franchise fee for the AQU VLT operator?

For DRF subscribers only (unless tlg comes to the rescue):
Bruno loses backing from an old ally
By STEVEN CRIST… It's one thing for the New York racing industry and Democratic politicians to continue blaming state Sen. Joe Bruno for singlehandedly blocking an agreement for racing in the state to continue and move forward.

… It's an entirely different matter when one of Bruno's and the Republicans' closest allies and supporters ends a 30-year relationship over their current obstinacy on the racing issue. …

… The memorandum signed by Spitzer and NYRA … effectively ended a franchise-renewal process during which no superior or even plausible alternative to NYRA had emerged. A few issues remained to be ironed out and debated, but everyone involved in the process considered it a done deal - except Bruno.

The 77-year-old senate majority leader scheduled a series of redundant and pointless public hearings, raised objections to the deal that ranged from the picayune to the bizarre, continued to promote competing bidders who had abandoned their efforts, and demanded that his fellow senators block the agreement. The senate's inaction has forced NYRA to remain in bankruptcy and operate on two short-term extensions, the latest of which expires Feb. 13. ... the situation is so hopelessly deadlocked that it may take a shutdown to break the stalemate.

… Locked into a war with Spitzer where he reflexively opposes anything the governor supports, he seems blind to the fact that he alone is blocking the only feasible resolution of the issue. …Like Moran's, Crist's Bruno-bashing has a certain literary elegance, but takes no prisoners. ;) I suspect selling Bruno dartboards right about now could achieve a life-changing score.

But, sadly, such efforts are wasted on their target who at this point appears unlikely to be affected by what would shame most other politicians. The "antics" described are reminiscent of Reagan's before he was diagnosed with Alzheimers.

Whatever the problem might be, IMO some authority needs to step in and replace a malfunctioning component. The Senate Republicans should consider assuming that responsibility. It might get some of them re-elected.

Indulto

02-03-2008, 02:38 AM

http://www.drf.com/news/article/92025.html
N.Y. OTBs can't take California
By DAVID GRENING… The Thoroughbred Owners of California withdrew its consent based on a dispute over rates that New York's OTBs pay for the signal, after learning that New York's OTBs take wagers from account holders that don't reside in the state of New York.

TOC president Drew Couto said that New York OTB wants to pay "a rate less than half'" of what is charged to other interstate providers such as TVG, Xpressbet, and Twinspires.

"Why should OTB receive a rate that's less than half of what all other companies pay?'' said Couto, who added that OTB paid the same rate as everybody else during Hollywood Park's fall meet.

… Ira Block, legal counsel for New York City OTB, which negotiated on behalf of the state's six OTB systems, said OTB had reached agreement with all racetracks represented by TrackNet Media Group, which includes Santa Anita and Golden Gate.

… Block said. "They want to have a contract with us, they want to send us their signal, they want us take wagers on their races, but they're being prevented from doing so by the position that the horsemen of California have taken.''What is NYRA paying for SA and GG signals? Be interesting to see what the impact on So Cal P6 is. Will this drive OTB players to other ADWs, increase the AQU P6 pool, or both? NYCOTB might have to close before June.

highnote

02-03-2008, 03:17 AM

By DAVID GRENING[/font]What is NYRA paying for SA and GG signals? Be interesting to see what the impact on So Cal P6 is. Will this drive OTB players to other ADWs, increase the AQU P6 pool, or both? NYCOTB might have to close before June.

Nice to know that the industry once again puts the players first.

Think of all those players that handicapped the SA and GG cards in advance. Only to arrive at NYOTB and find the signal had been pulled.

Thanks TOC. Thanks NYOTB. :rolleyes: :ThmbDown:

Indulto

02-03-2008, 10:36 PM

Nice to know that the industry once again puts the players first.

Think of all those players that handicapped the SA and GG cards in advance. Only to arrive at NYOTB and find the signal had been pulled.

Thanks TOC. Thanks NYOTB. :rolleyes: :ThmbDown:At least the CA horsemen didn't knuckle under to DragNet like the FL horsemen did at GP.

Perhaps the NY OTBs will have to merge with NYRA to get the lower rate exchanged between out-of-state tracks, but who knows how long even that pricing model will last?

http://leftatthegate.blogspot.com/2008/02/sunday-morning-notes-feb-3.html
Sunday Morning Notes - Feb 3His day of reckoning has been twice delayed by temporary extensions. But one of these days, quite possibly on February 13, Senator Bruno is going to be - or not be - the man responsible for stopping racing at the NYRA tracks. I believe that to be a fact - regardless of what your position is regarding the merit of awarding NYRA a 30-year franchise in exchange for it giving up the land, the fact is that the Senator is the lone opposition to the plan. ...

...Comments

Anonymous said...
One of the major reasons there has no resolution of the franchise is that Governor Spitzer unilaterally negotiated an agreement with NYRA, choosing not to involve the State Senate until releasing the Memorandum of Understanding. That was his prerogative, but no one should be surprised that the Senate refused to sign on the dotted line.

Perhaps the MOU would have been well received had it accomplished anything.

… The amazing thing is that it took nine months for Spitzer to come up with this dog.

Charles Wait confuses ‘compromise’ with ‘capitulation. ...

... Green Mtn Punter says…
… Spitzer, as is his arrogant wont, has this annoying habit of presenting a proposal- the MOU- as a fait accompli rather than something to be discussed with, and perhaps amended by, the Senate. And, yes, also agree that the MOU failed to address the broken NY racing model, so, when are the really key business issues addressed? Or, are we just supposed to be eternally thankful the Triumverate kept us in business (for now) and not press too hard for the sensible reform which they apparently can't deliver? …So far no details of the Senate’s position -- supposedly presented for negotiation to representatives of the Governor, the Assembly, and NYRA – have been made public for media commentary, yet Bruno wails that opposition leadership is depriving him of a public meeting with them where he will magically convince them of his wisdom. Can anyone point out one statement of substance he has uttered since the MOU was signed?

If indeed the Senator/Emperor has no clothes, then it’s time for Spitzer’s representatives to reveal those details and why they're being rejected.

http://www.equidaily.com/
NYRA response to resignation of Charles Wait from NYRA Board of Trustees:
Steve Duncker, NYRA chariman, "It is with great reluctance that I have accepted Charles Wait’s letter of resignation from the NYRA Board. The contribution Charles has made to the racing industry and to NYRA throughout his tenure as a NYRA Board member is enormous. Charles personifies intelligence, hard work, and integrity.
Charles' statement clearly and eloquently explains the reason for his resignation. As has been his practice throughout his years of service on the NYRA Board, Charles’ resignation is motivated by his selfless desire to do what is best for thoroughbred racing and the Saratoga community.
The citizens of Saratoga are fortunate to have someone like Charles Wait who possesses the character and integrity to stand up for his beliefs. He has taken decisive action aimed at protecting the interests of his community. Charles’ presence on our Board will be greatly missed."

highnote

02-04-2008, 12:08 AM

At least the CA horsemen didn't knuckle under to DragNet like the FL horsemen did at GP.

I have no problem with them not knuckling under. Good for them.

However, if they did not give the NY players any notice they were pulling the signal, then I would have problem with that.

How would you feel if you spent all night and part of a morning handicapping the a California card, commuted to the OTB, and then found out the California signal had been pulled? I know how I'd feel -- DISRESPECTED.

Indulto

02-05-2008, 12:17 AM

http://www.nypost.com/seven/02042008/sports/santa_anita_washes_out_848465.htm
SANTA ANITA WASHES OUT
By ED FOUNTAINE… Thoroughbred Owners of California used its veto power to pull the plug on Santa Anita simulcasting to New York's OTB network, saying OTB must pay same percentage as other wagering platforms, such as TVG, that serve multi-state customers via account wagering. NYC OTB counters that out-of-state account wagering is negligible amount of its handle; and besides, if dispute is over account wagering, why pull the plug on simulcasting to OTB parlors?

A year ago, Florida horsemen, also seeking a higher rate, withheld permission for Gulfstream Park to simulcast to New York OTB; that dispute lasted several weeks. …http://www.drf.com/news/article/92061.html
No new talks for California, New York OTB
By MATT HEGARTY… Ira Block, the general counsel for New York City Off-Track Betting Corporation - which negotiates simulcasting contracts for all six state OTB companies - said that no discussions have taken place between the two parties since the the owners' group rescinded its approval for the OTB to take bets on California signals on Friday.

… Block said the California owners asked for a "premium rate" for bets made by customers of account-wagering operations who do not reside in New York, but he declined to provide details.

Drew Couto, president of the owner's group, said that New York's OTBs had previously paid a higher percentage for out-of-state wagers during the Hollywood Park fall meet but refused a higher fee for signals from other California tracks.

Other account-wagering companies pay more for an out-of-state bet, Couto said, adding, "We can't have New York OTBs getting a special deal."http://paulmoranattheraces.blogspot.com/2008/02/critical-week-ahead-in-albany.html
A critical week ahead in Albany
By Paul Moran… The next three days are crucial in bringing a settlement. In the words of one NYRA executive, “There will be a lot of balls in play.”

The impediment to averting what would be a dire crisis is Senate Majority Leader Joe Bruno, who lost the support of a long-time ally last week when Charles Wait, chairman of the Adirondack Trust in Saratoga Springs and an established pillar of the racing community, resigned from the NYRA board of trustees, issued a scathing statement in his company’s annual report and another in the form of a press release citing his former friend’s intransigent, obstructionist and obviously personal position that prevented settlement by the original Jan. 31 deadline and now threatens the future of an industry that supports roughly 40,000 people.

There is a body of opinion that believes Wait’s bold move, a crippling body blow to Bruno and his future, may result in a more cooperative mood in the 79-year-old career power broker. The Saratoga community, in which Bruno must run for re-election, has turned on the senator, viewing any threat the racing there as a threat to the region’s economy.

If Wait’s high-profile condemnation of Bruno is the catalyst for conciliation in what is nothing more than a partisan tug-o-war in that has taken none of the ramifications into consideration, then he will take a place in history as one of the sport’s giant figures.http://leftatthegate.blogspot.com/2008/02/things-not-going-wright-for-bruno.html
Things Not Going Wright For Bruno… And now, that pesky federal investigation into Bruno's business dealings which has been lurking ominously in the background of the franchise and other Albany matters, has reared its ugly head once again. …

… FBI agents served subpoenas last week on the unions' pension and welfare fund leaders. The unions include Laborers Local 190 and Teamsters Local 294, among others.

The FBI told the labor organizations to produce records involving Wright Investors Service of Milford, Conn., and its holding company, Winthrop Corp., Bruno's longtime employers before his abrupt resignation in December.

Of course, the investigation has been going on for two years, and, given this apparent new phase, nothing will happen to affect the franchise situation and the fast approaching Feb 13 deadline. Nor is Bruno likely to doing the perp walk before the March 31 budget deadline. …

… Assembly Speaker Sheldon Silver has stayed mostly in the background of the franchise negotiations, except for his staunch opposition to slots at Belmont. Whether he's really sincere in that stance, or if he intends to use it as a negotiating card in the larger matter of the state budget, we don't really know. Spitzer included Belmont VLT's in his budget proposal, so the governor may feel it's the latter.

… In any event, I personally don't believe that Silver's opposition to Belmont slots will hold up the franchise if and when Bruno and Spitzer finally reach an agreement; he'll either trade it away, or Spitzer will ditch the proposal, for now, and move on. …

Indulto

02-05-2008, 08:57 AM

http://www.timesunion.com/AspStories/story.asp?storyID=661140&category=REGION&newsdate=2/5/2008
Odds are, dispute over racing franchise could go on and on
By Fred LeBrun… Behind the scenes, Senate Majority Leader Joe Bruno is insisting on a new board structure that has fewer NYRA appointees and more oversight before giving NYRA its franchise back. He's right, of course. But that's what is holding up a settlement; a bunch of veteran, blue-blooded NYRA board members who don't want to give up their seats.

Since NYRA is in bankruptcy, and the oversight judge is waiting for the new franchise arrangement before approving a reorganization, the simple truth is NYRA doesn't have a lot of options. Neither do those board members. [Rumors] are rife that legislation detailing a deal is circulating among legislative committees, and that a public announcement is only a day or two or three away. Not that we haven't heard that before.

… On Friday, frustration over the lack of resolution chased one of Saratoga Springs' leading citizens from the board of trustees. Charles V. Wait … went public with a blast at Bruno, blaming him for the holdup because Joe's Senate is balking at the agreement reached by the governor's office and NYRA last September. It's Joe Bruno who wants to change the rules and create a more open and responsive and accountable NYRA.

Then that previous September agreement keeps several more NYRA board members, and maintains more of the status quo. …A different tune from Fred LeBrun or has the board always bothered him more than Bruno?

OTM Al

02-05-2008, 09:04 AM

Just for fun here's an opinion piece on Bruno in today's Daily News

http://www.nydailynews.com/opinions/2008/02/05/2008-02-05_joe_brunos_burden_of_proof-2.html

Indulto

02-05-2008, 03:12 PM

Just for fun here's an opinion piece on Bruno in today's Daily News

http://www.nydailynews.com/opinions/2008/02/05/2008-02-05_joe_brunos_burden_of_proof-2.html
Thanks, OA.

Indeed nothings entertains as effortlessly as exposing hypocrisy. I noticed the following no longer accompanies a Hammond column:...Bill Hammond is an Albany-based columnist and editorial writer for the Daily News. A newspaperman for the past 19 years, he has covered the shenanigans and squabbles at the state Capitol full-time since 1998. He lives with his family (and pays taxes) in Joe Bruno's Senate district. To blow the whistle on a corrupt politician, contact him at bhammond@nydailynews.com (bhammond@nydailynews.com)
Hammond is a longtime Bruno basher who may be better known here for this anti-NYRA article:

http://www.nydailynews.com/opinions/2007/12/18/2007-12-18_hold_your_horses_governor.html

which was panned by a variety of critics. In going there again, I found this reader comment from Steve Davidowitz Dec 20, 2007 12:26:07 AMA very poorly researched column with several factual errors and misstatements about the process and the so called competing bidders, two of which actually have been diluted and unmasked as mostly interested in the slot potential of the franchise. Moreover, the NYRA has a strong, legitimate claim to the land the tracks are on, the adjudication of which would tie up New York racing in the courts for many months if not years. Why in fact would the NYRA give up its claim to the land before a deal is struck? Hammond should think before he writes such airhead solutions. If the NYRA did that, they would be throwing away any real chance to run the tracks that even Hammond grudgingly admits are being run well--despite the hampering freeze (on installing the APPROVED slots) imposed by Spitzer and Pataki political appointees before him and even more recently via stalling actions perpetrated by by State Senator Bruno, who BLOCKS the recommeded deal to turn over the francise in exchange for thPerhaps Hammond will attempt a similar analyis of the opposing positions currently negotiated by the various political interests that might redeem his reputation.

Indulto

02-05-2008, 06:41 PM

http://news.bloodhorse.com/viewstory.asp?id=43512
NYRA Working on 'Contingency Plans'
By Karen M. JohnsonThe New York Racing Association is working on putting “contingency plans” in place should Aqueduct be forced to close Feb. 14, NYRA’s president and chief executive Charles Hayward said Feb. 5.

… “We should be able to share it over the next day or so with our employees. It will probably be in the form of a written commentary, and there will be an employees’ meeting. Possibly this will be done (Feb. 7).”

… Hayward said he “hasn’t lost hope” that a deal between NYRA and the state can be worked out for a long-term extension before the temporary extension runs out, and noted that talks are still ongoing.

… Hayward said the $32 million loan from the state’s comptroller’s office, received by NYRA in 2007 after it filed for bankruptcy in 2006, was only intended to aid in keeping racing afloat through 2007. NYRA has submitted a reorganization plan to the U.S. Bankruptcy Court for the Southern District of New York, but that plan’s financial details are based on a long-term extension.

… Think about the people living in the dormitories on the backstretch, and the surrounding (retail) areas, where these people spend their money.” …http://www.thoroughbredtimes.com/national-news/2008/February/05/As-deadline-looms-New-York-horsemen-prepare-for-shutdown.aspx
As deadline looms, New York horsemen prepare for shutdown
by Frank Angst and Paul Post… Rick Violette Jr., president of the New York Thoroughbred Horsemen’s Association, said NYRA officials have advised owners and trainers that they will have to remove their horses from the Aqueduct backstretch if NYRA shuts down. Violette believes there will be no more temporary agreements.

… According to Violette, NYRA will give horsemen the option to move their horses to Belmont Park for training.

“It looks like we would have about a week to remove all horses from Aqueduct,” Violette said. “Then Aqueduct would be closed and Belmont would be kept open for training.”

In terms of horsemen who want to ship their horses to another regional track currently racing, Violette said it appears Laurel Park and Delaware Park could provide limited stall space. Philadelphia Park has no room.

While some trainers would have to share barns, Violette said Belmont does have enough room for the affected Aqueduct horses. Any shutdown, however, could create even more expenses for horsemen..

“We’ve been told that NYRA would have enough money to keep Belmont open as a training facility for about three weeks,” Violette said. “After that, horsemen would have to pay some kind of stipend to allow NYRA to continue to keep it open for training.”

… Bruno has been a strong advocate for horsemen and wants them to get a fair share of gaming revenues, said Jack Knowlton, Sackatoga Stable’s managing partner.

“The Assembly doesn’t seem to be engaged at all in the racing issue or minimally at best,” Knowlton said. “Here we are in February. In my mind it’s just ridiculous that there hasn’t been ongoing meetings the past few weeks to get this resolved. I don’t think it’s a priority for the governor, either. …http://www.saratogian.com/WebApp/appmanager/JRC/BigDaily?_nfpb=true&_pageLabel=pg_article&r21.content=%2FMAIN_REP%2FArticle%2F2008%2F02%2F04 %2F1522131
Editorial: We must avert racing catastrophe... NYRA should abandon its claims to owning the track properties and the state should lift NYRA out of bankruptcy.

The New York Racing Association needs to clean house, much like the purging that preceded the turnaround of the Saratoga Performing Arts Center. The old boys’ club didn’t mind the store the way it should have.

A sufficient percentage of racing and VLT revenue must be re-invested into prize money and capital improvements.

A new franchise agreement should protect, in writing, things that make Saratoga Race Course so successful, such as the quality and quantity of the races, the length of the season, the commitment to the training track, and the historic integrity of the racecourse.

Saratoga must be guaranteed payments equivalent to the property taxes paid to the city, school district and county, with the amounts increasing as the value of the land increases.

Boosting interest in the dismally attended Belmont Park should be a priority, whether or not the track ends up having VLTs. NYRA and the state were asleep at this wheel.

Whoever runs the tracks and the VLTs should be subject to public scrutiny.

Thirty years is too long to commit to one track operator. …http://www.saratogian.com/WebApp/appmanager/JRC/BigDaily?_nfpb=true&_pageLabel=pg_article&r21.content=%2FMAIN_REP%2FArticle%2F2008%2F02%2F04 %2F1526591
Veitch: Loss of Wait will be felt
By MICHAEL VEITCH… The MOU is far from a perfect document.

I wish it did not include the surrender of track properties to a state that has a broken government.

A state with arrogant leadership incapable of properly managing historic property.

Still, the MOU is a foundation upon which a future can be built, one that provides for the continuation of racing.

NYRA made concessions on its part, and reached an agreement with Gov. Spitzer that will enable it to emerge from bankruptcy and pay off its creditors in full during a 30-year renewal.

Since its franchise expired on Dec. 31, NYRA has been operating in a twilight zone of suspended animation.

It is a dangerous situation, and coupled with Sen. Bruno’s opposition, one that threatens a shutdown of racing at the end of the Feb. 13 program at Aqueduct.

… there is no doubt that Wait agonized over his decision.

I know that many of his fellow trustees have also agonized these last few years as the once-proud New York Racing Association has fallen on hard times.

There is no denial here that some of it has been self-inflicted.

I have not seen New York political leadership giving the same concern to the racing and breeding industry.

I have seen flip remarks by a variety of elected officials when it comes to racing, pointless statements reflecting utter ignorance as to what this is all about.

For this, Saratoga Springs could pay one hell of a price.

Indulto

02-06-2008, 05:53 AM

http://news.bloodhorse.com/viewstory.asp?id=43516
TOC: Partial Signal Consent Given
by Ryan Conley
… TOC president Drew Couto said the horsemen’s group on Feb. 4 gave its consent for the six New York companies to accept wagers from customers frequenting “brick and mortar” establishments, and those New York residents with ADW accounts.

Couto told The Blood-Horse Feb. 5 that the issue was never about walk-up customers and New York residents with ADW accounts, but with the companies' ADW customers that are non-New York residents he claims were conducting inter-state wagering.

… Couto said New York’s OTB system has operated with California under a two-tier agreement rate for “brick and mortar” customers who frequent the dozens of physical facilities scattered about the state, and those New York residents who have accounts that allow them to wager either by telephone or the Internet. Those rates, he said, are well known for being among the lowest in the industry, and called the rate given for walk-up facilities the lowest “by far.”

“In the past, the New York OTBs operated under one rate, which everyone in the industry felt was ridiculously low," Couto said. "So we developed a second tier. What we didn’t know until recently was that we needed a third tier.”

Ira Block, ... , said he felt it was “inappropriate” to negotiate business matters in the press.

… Block did say a previous statement made by Couto in Daily Racing Form was “100% inaccurate.” In that article, Couto was paraphrased as saying the New York OTBs had paid a higher rate for out-of-state wagers during the Hollywood Park fall meet, but declined to pay higher fees for other California signals.

… Both Couto and Block declined to identify the specific percentage rates involved in the agreements.

… Scott Daruty, the president of TrackNet, said he couldn’t comment on the situation “given the sensitivity of the ongoing negotiations.”

… Couto said the New York’s OTBs will have California signals available to them, but it’s up to the companies to prohibit wagering by out-of-state ADW customers.

“Every other ADW company can tell where the residency of their account holders is,” he said.http://capitalnews9.com/content/headlines/110049/more-clashing-over-future-of-nyra/Default.aspx
More clashing over future of NYRA... Senate Majority Leader Joseph Bruno said he doesn't see any major sticking points as to why an agreement hasn't been reached. He said there's a lot they've come to an agreement on, including the number of years of NYRA's contract and the number of members who go on the re-constituted NYRA board.

Governor Eliot Spitzer made his NYRA recommendation back in September. Since then Bruno and Spitzer have been at odds about the details of the contract. Bruno said the governor seems to be dragging his feet.

"We were ready three or four weeks ago, really, to come to a conclusion. So it just seems that there's other motivation there that's more political than relating to the merits,” Bruno said. ...

Indulto

02-06-2008, 01:03 PM

http://paulmoranattheraces.blogspot.com/2008/02/enough-already-get-to-work.html
Enough already; get to work
By Paul Moran…No one in the NYRA hierarchy remains from the operatives involved in the “old model” and all agree that a new course is necessary. The old-line powerbrokers have been on the sidelines for a long time now.

… Hello, Joe! No model is now in place and the structure of the board is largely in the hands of the same politicians who have created this mess.

If Aqueduct is dark on Feb. 14 and vans are removing horses from the backstretch trailing disrupted lives and unemployed people, the smoldering remains of racing in New York will be at the feet of the Senate Majority Leader, long considered a supporter of the racing industry, from which he has benefitted both politically and financially during a long tenure as a professional politician, a term intended here in a purely pejorative sense not to be confused with one engaged in intelligent public service.http://www.horseraceinsider.com/blog.php/John-Pricci/comments/shut-it-down-now/#comments
Shut It Down Now
By John Pricci… I don’t know for certain what was in the first draft of a bill put forth by the governor last weekend for parties to reach an accord on the New York racing franchise. But if there’s no agreement, it won’t matter anyway. The status quo holds. So just shut it down.

There’s one elephant left standing in the room and he’s going to hang on to the only thing he has left: power. And it’s too bad, too, because he has been a force for so much good. But the respect and good will he earned is gone. …

… Whether their claim is valid or not, it’s time for NYRA to play the land card. It’s time to figuratively ask the state whether it wants to fight it out in bankruptcy court? Whether it really wants to roll the dice. Clearly the governor didn’t or there never would have been a Memorandum of Understanding. “Sometimes funny things happen when you go in front of a jury,” Eliot Spitzer said in the Saratoga press box last summer. He ought to know.

… Incredibly, at this late date, reportedly there are only two issues holding this whole thing up--and it’s not a casino at Belmont Park. It’s about the composition of the Board of Directors and the term of a franchise extension. Those are Bruno power issues that have little or nothing to do with preserving New York as the country’s preeminent racing center, as he claims his goal to be.

But Bruno’s not sweating anything. … No NYRA? No problem. The state will just come in and run everything, with or without the help of his friends at Capital Play. But that’s only if NYRA happily hands over the keys to the kingdom. So let’s find out. Let’s see who blinks. …http://www.saratogian.com/WebApp/appmanager/JRC/BigDaily;jsessionid=SHhNHpvd92xsQTgFtTlyl9r5DVqrCL q2B5TC1bJpMQG6gcj8Yt07!-596657927?_nfpb=true&_pageLabel=pg_article&r21.pgpath=%2FTST%2FHome&r21.content=%2FTST%2FHome%2FFeaturedArticle_Story_ 1536936
NYRA, horsemen talk shutdown
By PAUL POST… Today, NYRA will meet with the horsemen’s association board and a trainer’s advisory council comprised of 10 horsemen and jockeys, NYRA President and CEO Charles Hayward said.

Without an agreement or strong indications of one close at hand, NYRA probably won’t agree to another extender.

“These three-week extensions are no way to run a business,” Hayward said.

… “Everybody’s hoping that if there’s a stoppage it would be short-lived,” Violette said. “Any loss of racing days is extremely detrimental. I’m still hopeful that good men will do the right thing.”

… Saratoga County Chamber of Commerce President Joe Dalton said, “I don’t think that NYRA is going to fall for this ‘we’re making progress.’ They want a deal.

“I don’t think they are bluffing.”

the little guy

02-06-2008, 01:14 PM

After yesterday's Mensa meeting with Senator Bruno I'm sure everything will be straightened out. If only Homer Simpson hadn't been previously engaged.

Indulto

02-06-2008, 02:50 PM

After yesterday's Mensa meeting with Senator Bruno I'm sure everything will be straightened out. If only Homer Simpson hadn't been previously engaged.How does the Dunce Cap go over at those Mensa meetings, tlg? ;)

the little guy

02-06-2008, 02:54 PM

Yesterday's meeting involved a group that aren't sharp enough to wear dunce caps.

Indulto

02-06-2008, 08:51 PM

http://news.bloodhorse.com/viewstory.asp?id=43526
NYRA Deal Said to Be Within Reach
by Tom Precious and Karen M. Johnson… Officials, who spoke on condition of anonymity, said a framework deal includes a newly composed NYRA board, though NYRA would retain voting-majority control of the new board. It also imposes 10 benchmarks NYRA would have to meet over a four-year period, involving such things as attendance, fiscal performance, and backstretch conditions; failure to meet the benchmarks could result in revocation of the franchise.

… “From our standpoint, these details aren’t going to change," a legislative source said.

… The components of what legislative sources called a tentative deal also include a new 22-member board, with 11 appointed by NYRA, three by the governor, one each by horsemen, breeders, and labor groups, and two each by the Senate and Assembly majorities.

The framework provisions also call for a term limit on future NYRA board chairs. Current NYRA chairman Steven Duncker would remain on board for four years; after that, future NYRA chairs would be barred from serving more than two four-year terms, an official said.

The state’s oversight panel that now monitors and approves NYRA finances would remain in place. However, its control would be turned over to Spitzer, who would get to appoint three members, with Bruno and Silver each getting one appointee. The board is now run by holdovers from former Gov. George Pataki and Bruno.

… One negotiator urged caution about reporting a tentative deal and suggested legislators, especially Bruno, want to portray talks as closer than they actually are at this point.

… The current and incomplete bill, drafted by Spitzer’s office, leaves blank the number of years NYRA would have to operate racing, as well as the number and configuration of the NYRA board of directors. … In the original MOU accepted by NYRA, the board was to be comprised of 13 NYRA appointees plus six state appointees. …http://www.drf.com/news/article/92098.html
Horsemen gird for closure, consider options
By DAVID GRENING… NYRA officials sent letters to horsemen and employees on Wednesday advising them of a possible shutdown of racing beginning Feb. 14, the day after a short-term franchise extension expires. Furthermore, the letter stated that if no franchise agreement can be reached by Feb. 27, all horses, horsemen, and backstretch employees must vacate the grounds of Belmont and Aqueduct. About 1,000 backstretch employees live on the grounds of the two tracks.

NYRA management also met with seven members of a trainers’ advisory council on Wednesday. Those trainers were Tom Bush, Carl Domino, David Donk, Dominic Galluscio, Leah Gyarmati, Pat Kelly, and Linda Rice.

… On Tuesday, members of the Jockeys’ Guild met with Bruno as well as representatives from Silver’s office, asking that money from either slot machines or uncashed parimutuel tickets be earmarked for jockeys’ health benefits. Guild president Terry Meyocks as well as jockeys John Velazquez, Mike Luzzi, and John Grabowski were at that meeting.The Bruno-Meyocks meeting must be the Mensa moment to which tlg referred.

http://www.drf.com/news/article/92106.html
NYRA issues shutdown schedule
By MATT HEGARTY… In letters the association distributed to employees, trainers, and the media, NYRA's chief executive, Charles Hayward, said that nearly all employees would be laid off, with the exception of a small number of maintenance workers, administrative staff, and executives. NYRA employs 1,300 people full time, according to Hayward, including 900 union members.

… At Aqueduct earlier in the day, Hayward said that if racing were to shut down, then NYRA would close the backstretch at Aqueduct beginning Feb. 21, unless "a collective decision is reached by horsemen to fund the direct costs of track maintenance and backstretch operation." The cost of operating Belmont as a training center is approximately $280,000 a week, Hayward said.

Hayward said that NYRA hopes to keep the training track at Belmont open until Feb. 27 and that all horses and backstretch workers would be required to vacate barns and dormitories at both tracks by that date. He said that NYRA would ship any of the 300 horses based at Aqueduct to Belmont from Feb. 13 to 20 as a courtesy.

Last year, NYRA received a $32 million loan from the state so that it could continue operating throughout 2007, and the money from that loan has nearly run out, Hayward said. NYRA typically operates on a negative-cash basis during the winter months.

… "We don't have enough cash to make it through the end of the Aqueduct meet," Hayward said. "It's a better option to stop accepting short-term extensions and to shut down now rather than whimper and run out of all of our cash right before the Wood Memorial," a major 3-year-old prep race for the Kentucky Derby that is scheduled for April 5 at Aqueduct.

… The new agreement that was scheduled to be discussed on Wednesday night would extend NYRA's franchise 25 years and subject the franchise to a review every four years, according to the official involved in the negotiations, who spoke on condition of anonymity because he is not authorized to speak about the details. Under the review process, NYRA would have to meet benchmarks to retain the right to operate the tracks.

In addition, NYRA's board would be pared to 21 people, with NYRA responsible for appointing 11 of the directors. …http://www.bizjournals.com/albany/stories/2008/02/04/daily25.html
NYRA announces layoffs
by Adam SichkoThe New York Racing Association Inc. expects to lay off at least half of its employees on Valentine's Day, after its horse racing contract expires.

NYRA officials are planning to drop 600 to 700 staffers. Those cuts include 20 maintenance workers, plumbers and carpenters at Saratoga Race Course, which currently has a small off-season staff, officials said.

Remaining employees, including NYRA administration and executive officials, will work only four days a week. Their pay will be cut 20 percent while operations are suspended.

… More layoffs would likely occur if the shutdown lasts longer than two weeks, said NYRA spokesman John Lee.

Hayward's letter said everyone from pari-mutuel betting workers who handle bets, maintenance staff, jockey valets, cleaners and parking attendants will be affected. …

Pace Cap'n

02-06-2008, 09:35 PM

"It also imposes 10 benchmarks NYRA would have to meet over a four-year period, involving such things as attendance..."

Uh - Oh...

hibiscus

02-07-2008, 01:19 AM

"It also imposes 10 benchmarks NYRA would have to meet over a four-year period, involving such things as attendance..."

Uh - Oh...

Attendance is easily controllable. All they need to do is have more useless giveaway days during the Saratoga meet. The hillbillies descend on the track and rotate through the turnstiles to get their free valuable giveaway.

As the first useless giveaway I propose a Joe Bruno bobble head.

Indulto

02-07-2008, 07:06 AM

Attendance is easily controllable. All they need to do is have more useless giveaway days during the Saratoga meet. The hillbillies descend on the track and rotate through the turnstiles to get their free valuable giveaway.

As the first useless giveaway I propose a Joe Bruno bobble head. It hardly seems necessary to impose attendance benchmarks on SAR, but NYRA may be forced to take better care of on-track customers at BEL and AQU. Admission, parking, and Live Race PPs/Programs might prove the preferred downstate giveaways.

Bobzilla

02-07-2008, 07:22 AM

It's inconceivable to me how the NYRA would ever agree to an attendance benchmark. Attendance is irrelevant this day of age, obviously. Seems like an unrealistic benchmark designed to assure failure. If the NYRA would agree to this condition then they would deserve the inevitable.

Indulto

02-07-2008, 07:23 PM

http://www.drf.com/news/article/92141.html
NYRA deal not yet done
By MATT HEGARTY… Representatives from Bruno's office and officials with the staffs of Gov. Eliot Spitzer and Sheldon Silver, the speaker of the assembly, met on Wednesday night to discuss a deal offered by Bruno that would extend the franchise for 25 years. As of Thursday, Silver's staff had not signed off on the agreement, and officials at NYRA said the agreement contained several provisions that the association would not accept.

… Late Wednesday and again on Thursday, Bruno said that he believed a deal was imminent, and he characterized NYRA's threat to shut down as "scare tactics."

… NYRA's chief executive, Charles Hayward, took issue with Bruno's characterization, contending that NYRA had a responsibility to inform its employees of the association's plans in the event of a shutdown.

"You can't wait until the last minute, like Albany always wants to do, without informing people of what they need to do to prepare," Hayward said.

Hayward declined to answer questions about NYRA's opposition to the Bruno deal, saying, "The senator has a propensity to negotiate in the press, and in a matter as delicate as this, I don't think that's a good strategy."

… NYRA officials said privately, however, that the Bruno deal contained a number of provisions that the association opposed, including language that required a supermajority vote for any decision by the NYRA board. Under the Bruno plan, NYRA would appoint 11 directors to a 21-member board while government officials would appoint 10 members. The officials said that the deal, contained in a 178-page draft version of a bill, needed a thorough reading.

Bruno's office declined to make the draft legislation public. …Sounds as if there are more serious dealbreakers than attendance benchmarks.

Indulto

02-07-2008, 07:35 PM

http://news.bloodhorse.com/viewstory.asp?id=43548&source=rss
Bruno: 'Scare Tactics' Must End
by Tom Precious… Bruno called the NYRA threats unnecessary, unrealistic, and not very forthright. He noted that laying off employees without providing 60 days notice would violate federal labor laws.

… In a bid to make a deal before NYRA’s temporary extension to keep Aqueduct open expires Feb. 13, Bruno said he has agreed to shelve a number of key issues, including whether to change the state's off-track betting structure and whether to permit a video lottery terminal casino at Belmont Park. Bruno said a group will be charged by the end of May 2009 with coming up with recommendations involving a possible merger of off-track betting and NYRA operations.

The final deal will include a VLT casino at Aqueduct, but Bruno said picking an actual operator can be done within the next month and does not have to be part of what he believes is an impending franchise deal. NYRA still needs to sign off on whatever Bruno, Gov. Eliot Spitzer, and the Assembly Democrats agree to on the franchise.

... The deal would increase the percentage of VLT revenue going to horsemen and purses. Under a memorandum of understanding between Spitzer and NYRA, the horsemen would get 6.5% of VLT revenue through higher purses, while the breeding fund would get 1%. Under the deal Bruno said is coming together, it would go to 7.5% for purses over three years and to 1.5% for the breeding fund.

… Anxious to stop the portrayal of him as the obstacle to a deal, Bruno said he made his Feb. 7 announcement to improve the comfort level of NYRA workers and horsemen and others in the industry who have been getting increasingly worried about a possible racing shutdown.

Still, he was unable to say the deal he outlined will be in place by Feb. 13 when the NYRA racing extension expires. “Hopefully, we can announce an agreement,” he said.

Sources close to the talks said a number of issues have not been resolved, including whether NYRA will be able to legally borrow money. With NYRA giving up its land-ownership claims, whether it can borrow money by pledging future revenue is one of the questions.

… Paul Francis, a senior aide to Spitzer, told reporters a couple hours after Bruno's appearance that he didn't have "any problems'' with Bruno's outline of the framework of what the sides could approve.

Francis cautioned that details change every day, but that he is "very hopeful'' a final deal will be in place before the February 13 deadline for the current NYRA extension to run racing.

Indulto

02-08-2008, 01:08 AM

http://www.reuters.com/article/bondsNews/idUSN0742130220080208
NY lawmakers near a "substantive" pact on racing
by Elizabeth Flood Morrow… Paul Francis, who runs government operations for Spitzer, did not confirm many details disclosed by Republican Senate Majority Leader Joseph Bruno, including whether a deal for video lottery terminals at Aqueduct Racetrack with Capital Play Inc or SL Green Realty Corp could be signed within 30 days after an accord was signed.

... Capital Play's partners include the Mohegan Tribal Gaming Authority and Victoria Racing Club, according to its Web site ...

… Bruno had fought hard against extending the association's franchise and on Thursday he did not say why he backed down.

Spitzer's aide, who spoke to reporters after Bruno, said: "The differences between us are language issues."

... Bruno said the accord calls for the state to appropriate $75 million to help the racing association exit bankruptcy and $30 million to keep it afloat during its first year.

… The oversight board now monitoring the association would remain in place, Bruno said. The governor might name six or seven people to the association's new board and the senate and assembly would each name two, he said. Bruno added it was not clear how many board members the association would name.

Spitzer's latest budget includes revenues from video lottery terminals at Aqueduct. Francis said the state would borrow money to help the association exit bankruptcy, and get repaid by a private investor in video lottery terminals or revenues from the machines. He did not disclose any figures.

Francis added the accord now being negotiated does not include video lottery terminals for Belmont, which Democratic Assembly Speaker Sheldon Silver on Thursday said he still opposes.

Nor does the agreement solve the problem of New York City's Off-Track Betting Corporation, Francis said.

… Silver was a bit less optimistic, telling reporters: "Until there is a deal put forward that is spelled out clearly, there won't be a deal."http://www.newsday.com/news/local/ny-linyra0208,0,2867309.story
NYRA says without agreement it may close Aqueduct
BY BART JONES AND MELISSA MANSFIELD… Lee also said NYRA will not agree to another temporary extension of its franchise. It has agreed to two extensions since Jan. 1 to keep racing alive.

… Bruno, who insisted a new racing deal will get done, accused NYRA of brinkmanship.

"I don't want these scare tactics to continue," he said. "People ought to be weighing in, in the spirit of compromise, getting things done. That's how government works. Not by threats, not by intimidation."

He also said the three parties negotiating the new racing deal -- his office, and the offices of state Assembly Leader Sheldon Silver and Gov. Eliot Spitzer -- agree that slot-like terminals at Belmont will not be part of the agreement.

… Community leader Pat Nicolosi said he was outraged by yesterday's news.

"The people of Elmont are getting shafted," he said. "It's a sad day for the state of democracy in New York."

… "Can I tell you this is a done deal?" Bruno said to reporters yesterday. "No, I cannot tell you that."

Bruno had also predicted just before the new year that a deal would be announced shortly. His erroneous predictions earned a rebuke yesterday from his counterpart in the State Assembly, Silver.

"The senator just wants to be out there, saying there is a deal because of pressure in his district," which includes the Saratoga Race Track, Silver said.

Bruno shot back that every time he has made an announcement, he genuinely believed an agreement was imminent.

… The secrecy surrounding the negotiations is helping to sow confusion, said Bennett Liebman, a professor at Albany Law School who specializes in the field. "There's been a flurry of activity but we're not sure everybody is on the same page." Still, he added, "My sense is we're very, very close to a deal."

Indulto

02-08-2008, 06:33 AM

http://timesunion.com/AspStories/story.asp?storyID=662082&category=FRONTPG&BCCode=HOME&newsdate=2/8/2008
A sure thing, or bad bet?
Some say the deal on tracks is near, but NYRA still wants some changes
By JAMES M. ODATO… Gov. Eliot Spitzer and legislative leaders are preparing what appears to be a take-it-or-leave-it deal for the New York Racing Association to continue running the Aqueduct, Belmont and Saratoga thoroughbred tracks.

The franchise extension, which comes with $105 million in bailout money for the racing association, is portrayed by government officials as an offer that would be hard to refuse. NYRA is operating under protection of the U.S. Bankruptcy Court in Manhattan.

Yet NYRA has so far balked at accepting the deal, according to an official involved in the negotiations. It is threatening to close down Aqueduct on Feb. 14 and furlough employees, because the association's board of directors think the deal substantially undercuts an agreement NYRA made with Spitzer in September.

… The terms include stripping NYRA of control of its own board. Talks have involved 21 or 23 members, with NYRA getting just one more appointee than the number of appointed by the governor and Legislature.

Any NYRA decision would have to be backed by a supermajority of a reconstituted board, which means NYRA would need support from the government appointees to take action. Even appointment of its own trustees would require a vote of the full board.

The new proposal also calls for labor representatives on the board, Bruno said.

NYRA, which has run the tracks since 1955, historically has been controlled by a group of wealthy horse owners with shares in the private company with the deeds to the tracks.

NYRA wants terms closer to those it worked out privately with Spitzer in the fall, under which the association agreed to relinquish its claims to ownership of the tracks in exchange for a 30-year extension and a restructured board that would give NYRA 13 of the 18 trustees.

… Bruno relented in his demand for a new structure for off-track betting operations, leaving that to a new commission that will make recommendations in May 2009. He also dropped his desire for VLTs at Belmont for another time.

Bruno said he thought those compromises would lead to a final franchise deal.

Silver said he believes there is momentum toward an agreement, but added: "It's everybody's job to hammer out a final deal ... I can't predict how reasonable Sen. Bruno will be." …http://leftatthegate.blogspot.com/2008/02/nyra-not-feeling-ityet.html
Thursday, February 07, 2008
NYRA Not Feeling It....Yet… NYRA's communications director John Lee told Newsday: "We're not optimistic. We're not feeling it."

… NYRA could soon find itself getting stared down by the three politicians, and I don't believe it would fare well in the court of public opinion if they shut down the track over issues that are perceived as selfish or not substantive.

… Bruno mentioned Capital Play and SL Green as possible operators of the Aqueduct racino. The latter is a real estate company that was a partner in Empire Racing. So a remnant of the Empire lives on...http://www.nydailynews.com/sports/more_sports/2008/02/08/2008-02-08_nyra_bailout_nears_finish.html
NYRA bailout nears finish
By JOE MAHONEY… Bruno said the deal would also transform Aqueduct into a full-fledged "racino" with VLTs.

Bruno and aides to Gov. Spitzer voiced disappointment that Belmont would not also get the slot machine-like devices.

But they said they will seek during state budget talks to win over Assembly Speaker Sheldon Silver, who fears the metropolitan region would be saturated with VLTs if they go to both Aqueduct and Belmont. ...

Indulto

02-08-2008, 02:05 PM

http://paulmoranattheraces.blogspot.com/2008/02/be-afraid-be-very-afraid.html
Be afraid; Be very afraid
NY Paul MoranJoe Bruno’s characterization of the New York Racing Association’s briefing of horsemen and employees this week concerning ramifications of a Feb. 14 shutdown as “scare tactics” is evidence of something deeply troubling about the senate majority leader. Obviously, he is delusional. Or, worse, he is an undercover operative of Capital Play, the Australian client of his lobbyist son and still hovering like a stalking kangaroo in the Albany shadows.

… The delay in forging an agreement on the racing franchise has gone beyond the point at which it can be written off as typical New York political dysfunction. There is the sense of a hidden agenda that in the end will benefit no New Yorker not named Bruno.

… The process is no longer a negotiation, it is a charade. Bruno’s hidden agenda is becoming transparent. He is carrying the water for Capital Play and his son. The Darth Vader of racing will force a confrontation that …
… quite possibly ends racing in New York for years if not forever while the courts decide the question of land ownership – a battle that the state is neither anxious to join nor certain of winning. …http://www.saratogian.com/
Inching toward a deal
NYRA: Track will close next Thursday if deadline isn’t met
By PAUL POST… “What was presented in the (Bruno) press conference is not consistent with the bill that we’re working on,” NYRA President and CEO Charles Hayward said. “We’re not negotiating in the press, which Senator Bruno seems to want to do.”

… NYRA says it won’t agree to another extender and has told employees the track will close next Thursday if the deadline isn’t met.

… Only two firms — Capital Play Inc. and SL Green — are still vying for the right to run Aqueduct gaming, he said. An announcement will be made within 30 days, he said.

Capital Play’s gaming partner is Connecticut-based Mohegan Sun. Capital Play has retained high-profile public relations specialist Howard Wolfson to handle its publicity campaign. Wolfson is a spokesman for U.S. Senator Hillary Rodham Clinton’s presidential campaign.

SL Green has been allied with Empire Racing Associates, one of three firms that challenged NYRA for the next racing contract.

… Franchise proposals … outlined by ... Bruno on Thursday:
NYRA gets new 25-year franchise.

State gives NYRA $105 million — $75 million to pay off creditors and get out of bankruptcy; $30 million to cover 2008 operating costs.

NYRA relinquishes ownership of its racetracks to the state.

Horsemen and breeders get 7.5 percent and 1.5 percent of gaming revenues, respectively.

NYRA will keep 11 to 13 of its current 19 board members. Ten other board seats named by Bruno, Gov. Eliot Spitzer and Assembly Speaker Sheldon Silver including three representatives of horsemen’s, breeders and labor groups.

… Gov. Eliot Spitzer’s Sept. 4 memorandum of understanding with NYRA:
NYRA gets new 30-year franchise.

State gives NYRA $75 million to pay off creditors; forgives NYRA’s $125 million state debt ($200 million total).

NYRA relinquishes ownership of its racetracks to the state.

Horsemen and breeders get 6.5 percent and 1 percent of gaming revenues, respectively.

NYRA board goes from 28 to 19 members. NYRA chooses 13 of its own members. State leaders and horsemen’s groups make remaining appointments.http://www.thoroughbredtimes.com/national-news/2008/February/08/New-York-franchise-deal-still-not-finalized.aspx
New York franchise deal still not finalized
by Paul Post… NYRA is operating with a temporary extension that expires on Wednesday. Without a finished agreement, it says it will stop racing on Thursday and start laying people off.

Backstretch workers and nearly 2,000 horses would have to vacate Belmont and Aqueduct by February 27 if the stoppage continues, NYRA says.

Bruno, however, fired back by saying that federal labor law prohibits such layoffs without 60 days’ notice.

… He said that only two groups—Capital Play Inc. and SL Green—are still in the running to operate gaming at the downstate tracks. Last fall, six organizations submitted bids to Spitzer’s office, including Connecticut-based Mohegan Sun, which is Capital Play’s gaming partner.

Spitzer’s office would not confirm that Capital Play and SL Green are the only two firms under consideration to run gaming.

Capital Play has proposed making a huge investment at Aqueduct with entertainment and retail features that would attract a younger crowd to help create a new generation of racing fans.

… Bruno said he has no preference about who runs gaming.

On another front, he said the state would evaluate OTB’s problems and make recommendations by May 2009.

New York City OTB also is in dire straits and might close down by this coming June. Bruno said that OTB is simply too complex to address in the initial franchise agreement, but he said the state will deal with it moving forward.

Kelso

02-08-2008, 03:14 PM

PA, what's the record for posts in a thread hereabout?

Indulto

02-08-2008, 04:35 PM

PA, what's the record for posts in a thread hereabout?5x,
Was the odometer rolling over cause for celebration in your family?:jump: Why don't you make the next several posts so that yours will be #1000. :cool:

It wouldn't surprise me if I now hold the record for posts in a single thread? :D Get busy Tom and 46! :lol:

Indulto

02-09-2008, 07:57 PM

http://leftatthegate.blogspot.com/2008/02/coming-up-empty.html
Coming Up Empty… I will be going to the track, if for no other reason to take all the money out of my wagering account. Horseplayers have not received a notice from NYRA like the horsemen and employees did. So we don't really have any idea what the status of our NYRA Rewards accounts will be if they shut down on Thursday. As of this writing, there's not a single acknowledgment of the situation on NYRA's website.

… if we ever get to the point where the three politicians can stand together in agreement and proclaim that it's NYRA that is in opposition, the association better have some very good reasons to shut down racing. And by "very good reasons," I mean reasons that they can justify to the public, no matter how legitimate they really may be. Because despite their efforts, all of the bashing over the years by clueless newspaper editorials, politicians, and the other franchise hopefuls have certainly had an effect. The package is routinely referred to as a "bailout" despite Hayward's protestations, and NYRA is still perceived as incompetent and corrupt. So I think that NYRA stands to get absolutely savaged in the court of public opinion if the track goes dark on Thursday, unless they can somehow make a case that resonates with the public and the press. ……Comments:

Jk said…… What are the chances of the 3 men in a room agreeing on anything? It has not happened yet. All they could agree on is to punt on the slots and OTB.

There is $1 billion of real estate on the line so NYRA may not care much about public opinion. They will want material benefits for giving up their billion dollar claim.

At this point, I can't see NYRA taking a watered down deal. The elected officials will take plenty of heat. They have had years to get this done.

There is still time for the last minute deal to get done but I do not see NYRA blinking.Anonymous said...NYRA will have to blink.

Even if NYRA is triumphant in their land claim, what's the best outcome they can hope for? A return to the 1955 statute under which they were created? Everyone fortgets that the 1955 law had the land distributed to 501(c)(3) charities designated by the Governor at the conclusion of the franchise. NYRA doesn't get to keep the assets; the trustees don't get to divy the proceeds and get rich.

Mr. Hayward bristles at the deal being called a 'bailout'? What's his favored term? Charity? Hand out? The NYRA trustees may not be corrupt, but they presided over the decline of New York racing. Any idiot can complain about the state of affairs; it takes intelligence to offer workable solutions. Charles Wait's resignation was a step in the right direction.

It will be interesting to see if NYRA is truly interested in the best interests of racing, as opposing to simply clawing to stay in control. (http://www.blogger.com/delete-comment.g?blogID=8711985&postID=4135052571391583606)What are the best interests of racing? Whose interests are being served by the revised MOU?

Indulto

02-10-2008, 11:19 PM

http://www.saratogian.com/
Racing deadline closes in
Details expected this week, but questions remain unanswered
By PAUL POST… “Belmont is a disintegrating, echoing grandstand with no people in it,” New York trainer Gary Contessa said. “Silver is out of his mind not allowing us to have gaming at Belmont and he’s screwed up this whole deal.”

Others say casino-style gaming would ruin Belmont’s historic character.

For the time being, Bruno has agreed to put Belmont on the back burner while dealing with NYRA’s imminent new 25-year contract. He said that only two firms … are still under consideration for Aqueduct’s redevelopment.

… Six firms submitted bids to the governor’s office last fall for the gaming contract. What happened to the others? Spitzer’s office would not confirm that only two groups remain.

“I don’t think we have any idea what’s going on with the gaming,” said Bennett Liebman, head of Albany Law School’s Racing and Gaming Program.

The fate of OTB is another huge issue.

… “I don’t believe they’ll close and shut down,” he said. “OTB really should be combined (with NYRA) but we just can’t get there. It’s too complicated.”

… “I don’t see a pretty picture,” said Hall of Fame jockey Jerry Bailey, who represented Excelsior. “VLTs are a band-aid. I’m very concerned that they’re not doing the right thing.”

VLTs will simply prop up racing without creating new fans, a scenario that’s happened at many harness tracks, he said. Bailey said New York should replicate what Woodbine Entertainment Group has done in Toronto with a full-blown casino, retail, entertainment and restaurants.

“That’s exactly what we’re proposing (at Aqueduct) except there are no table games,” Mohegan Sun President and CEO Mitchell Etess said.

… Bailey said Belmont is a better venue for such plans. Two months ago, Excelsior rejected a proposal from the state to develop a hotel and convention center only at Belmont, without gaming, he said. Since then, for all intents and purposes, the firm no longer exists.

“Not with what’s on the table from the Legislature,” Bailey said.

Last fall, most of Empire Racing’s coalition disbanded. … CEO Jeff Perlee could not be reached for comment regarding the firm’s current status. …http://www.nytimes.com/2008/02/09/opinion/09sat2.html?ref=opinion
On Investigating a Republican
EditorialThe federal investigation involving Joseph Bruno, the New York Senate majority leader, reportedly broadened this week. The wider investigation raises new questions about Mr. Bruno’s own conduct, of course. But, the sluggish pace also makes us ask whether White House politics could be dragging out an investigation of considerable importance to New Yorkers and to Washington.

… it is hard not to be at least a tad skeptical of the pace at which the investigation is proceeding. Last year, it became clear that the Bush Justice Department was driven by political partisanship. After revelations pointing to political motives in hiring and firing United States attorneys, which led to former Attorney General Alberto Gonzales’s resignation, the Justice Department hardly deserves the benefit of the doubt in its handling of investigations of Republicans. …

NYPlayer

02-11-2008, 12:24 AM

...What are the best interests of racing? Whose interests are being served by the revised MOU?

New York racing will be well served by an agreement that demands accountability from NYRA (short of privatization of the franchise, which would actually be the best scenario). That's what the Bruno proposal does. For the most part, I think it is a pretty reasonable deal. It gives NYRA control for a full 25 years, and they would still select more than half the board trustees. As a further concession, I would drop the super-majority vote requirement, raise the loan amount to the Spitzer level, and limit reviews to once every five years. I think the periodic review process is absolutely critical to any new deal. That will allow sufficient monitoring of the health of industry, and give the state the ability to make changes if NYRA should fail during its quarter century tenure.

I feel as though we've gone over the issues about a thousand times already. Why NYRA thinks this deal is unreasonable is nearly incomprehensible. I agree with HK that they probably don't care about public opinion. Horse racing has been christened the sport of kings. Well, now you can replace kings with opulent and narcissistic businessmen who want to run NYRA as their own private club without any interference. I think their threats are real, and if a shut-down occurs, it will last for at least a few months. Obviously, they're trying to get Bruno to blink, and a lot of very nervous Saratogan businesses are going to be very unhappy if racing shuts down. Can Bruno face them empty-handed? I hope that Bruno perseveres, and that NYRA listens to reason - for the good of the industry.