here we go again

[reenci]

FROM THE BLOODHORSE...."The governor said racing is an important economic development tool for New York. “We want to see it do well,” he said of NYRA. “The question is, ‘How does the state best accomplish that?’ "

One idea is, not unlike Mario Cuomo’s plan 20 years ago, is to change the makeup of the NYRA board to give state appointees–now a minority on the panel–majority status to make hiring and other decisions. Other top advisers already suggested that purses, which have gone up with Aqueduct’s new video lottery terminal casino, need to be addressed to possibly shift more of the proceeds to the state. ...really ? drain , steal, pilfer...call it what you want our gov. is a piece of horse manure just like his old man was...another loser...and i for one am tired of my states money going to all the welfare crowd that flocks here.i dont want another dime to go to the state.


Read more: http://www.bloodhorse.com/horse-racing/ ... z1uKYLzirQ

[bdw0617]

getting in bed with the government and being surprised that they will try to get over on you eventually is like sleeping with a hooker without a condom and being surprised you have herpes.


did anyone honestly think anything but this exact thing would happen? The Hayward firing was the spark they needed to wreck shop.

you can gripe about the government all you want but no one told you to lay in bed with them in the first place. It's like getting mad at a dog for biting your hand when you have a bone in it. The government is always looking for new streams of revenue to fill campaign promises.


i do not live in NY i can't tell you what your state should be doing with it's money. In arknasas when they passed the casino bill for oaklawn for slots, just about all the money went towards providing scholarships, as Arkansas is one of the worst states in the country as far as education is concerned. Since 2005 in state enrollment to the university of Arkansas has risen 33%, and just about all of this is due to the passing of the slots and the lotto we just got. kids that would not be able to afford college can now afford college and I don't have a problem with that.

[reenci]

NY state spends more than the majority of other states on education ..and what does it give us in return ? kids who cant do simple math, read or write !!!!!!!!!!!...like i said before its the WELFARE STATE ...it really is sick...the teachers union is all out for themselves and dont give a shit about the kids.....its the same ole same ole.

[bdw0617]

i will say that i do find the speed in which that they are trying to do this somewhat interesting. I mean they aren't even pretending like they give a shit. Not even half a year.

The irony of it all being that ever since I followed horse racing this whole deal was always in the back drop and that was 2006 and this was going on much longer than that. NYRA fought a 10 year war that they won't even be the benefits of the spoils for.

[bdw0617]

http://www.bloodhorse.com/horse-racing/ ... -franchise

i actually think at the end NYRA will lose the license and genting will stick around somehow. NYRA is literally about to kill the golden goose.

[TJ]

This whole thing is political....NY and every other state that has prosperous racesino's are trying to get their hands on that cash. NY State is trying to force NYRA and the NY horseman to agree with the ban on lasix. I saw this coming a long time ago....once the Gov opened his mouth about an increased number of breakdowns and that the cheap horses were breaking down because the purses were worth more than the horses...the handwriting was on the wall. They want the money.....that's why they withheld 22 million from NYRA that was their negotiated share from the slots prior to this State power play to take charge. TJ

[reenci]

thieves...plain and simple....SNAKE OIL SALESMAN AND EMPTY SUITS THE LOT OF THEM....STICK TO WHAT YOU KNOW ...WHICH IS NOTHING....hey wasnt our GOV. HOUSING SECRETARY when the real estate bubble was starting ...........snake loser...yes i dont care for him.

[bdw0617]

thieves...plain and simple....SNAKE OIL SALESMAN AND EMPTY SUITS THE LOT OF THEM....STICK TO WHAT YOU KNOW ...WHICH IS NOTHING....hey wasnt our GOV. HOUSING SECRETARY when the real estate bubble was starting ...........snake loser...yes i dont care for him.

you have your head in the sand if you think that ANY governor in place would have not done the exact same thing.

Ironically enough it's really only the horseman that did not see the writing on the wall on what was about to happen. TJ hit the nail on the head, NY is this big cow that just prints money and there are foxes all around and everyone is now sleep.


I do not understand, what everyone honestly thought was going to happen? a circuit that for 10 years plus now has tried to get money from these people only to be thrawrted time and time again because everyone at the table wanted too big a peice, only for them to finally get the money they want and we are in the middle of a slight depression and you have this cash cow just printing millions of dollars. This was going to happen or something similar to this was going to happen.


Really, NYRA's problem is too bad to fix if you want my opinion. The government, at least that government needs to get out of the racing business. Until it does it will continue to be a cesspool, giving a circuit that is really a government agency a casino and expecting them to play nice, that's funny. NYRA did not see past or want to see past that 300 million dollar check that was cut.

Monmouth had it right. IN particular now that NYRA is not having to carry all those OTB's that were burning money, but NYRA needs to somehow some way become privately owned. there is no reason a circuit that big should be doing this bad. at least in my opinion.

[TJ]

Hi Reenci, bdw,
Reenci I know how upsetting this can be...but it is what it is, at least for now. There's nothing we can do about the politics behind this and NYRA lost many of their go to guys in Albany. New regime....new rules, granted a bit dictatorial but it's their house now. I worked front and backside of all the NYRA tracks for more than 38 years. When NYRA had the power in Albany, they got what they wanted all the time....in most cases right before midnight on the day of the deadline. They used their strong arm tactics and power as well as this new regime does. I've never seen NYRA lose when they had their friends in Albany....but now it isn't in their favor and the opposition waited a long time to put NYRA in this position....not to mention get even:>) They take the moral high ground and say it's being done for the good of racing, fans and the horses. The rash of breakdowns and the error in the takeout that the Gov seized to jump on NYRA were blown out of proportion and not reported accurately. They just want their hands in the money draws. In any case there's nothing anyone can do about it....this is all political and it can only be turned around in the voting booths. TJ

[Patuxet]

NY Regulators reject NYRA hires and withhold casino revenue

http://saratogian.com/articles/2012/05/ ... =fullstory

[reenci]

NYRA PRESS RELEASE........The New York Racing Association, Inc. (NYRA) Board of Directors exercised its business judgment as a private, not-for-profit corporation to appoint a President and Secretary. These appointments were made to stay in compliance with NYRA’s Bylaws, Article VII, Section 7.01.

NYRA’s Board acted to insure that there was professional management in place to operate a complex business which has a significant economic impact on New York State. The NYRA Board has a fiduciary obligation to exercise its business judgment to protect the best interests of racing and the income stream that pari-mutuel wagering provides to the state.

On May 1, 2012 Racing and Wagering Board Chairman John Sabini sent a letter to the NYRA Board of Directors, which stated “…it is imperative that you provide an interim operational plan to the Board, especially who will be performing functions as Chief Executive Officer and Counsel.” This letter contained no indication of any concerns or limitations with respect to these appointments. The NYRA Board acted to name a President and Secretary without any knowledge of any concerns by either the Franchise Oversight Board or the Racing and Wagering Board...........

[TJ]

This whole thing is political....NY and every other state that has prosperous racesino's are trying to get their hands on that cash. NY State is trying to force NYRA and the NY horseman to agree with the ban on lasix. I saw this coming a long time ago....once the Gov opened his mouth about an increased number of breakdowns and that the cheap horses were breaking down because the purses were worth more than the horses...the handwriting was on the wall. They want the money.....that's why they withheld 22 million from NYRA that was their negotiated share from the slots prior to this State power play to take charge. TJ

Like I said....it's all Politics so NY State can get its money hungry hands on that VLT money! TJ

http://www.drf.com/news/new-york-racing ... trol-state

[bdw0617]

by Aqu winter meet that slot money will be all but gone

[TJ]

by Aqu winter meet that slot money will be all but gone

Hi bdw,
Did you notice the 3 year term of this deal coincides with the length of time Cuomo has left in office. TJ

[reenci]

cuomo does look like a reptile ..does he not ?