Issues: Racing

Joint Public Hearing - Investigation & Gov't. Ops. and Racing, Gaming & Wagering - Part 3

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Elmont Memorial Library, 700 Hempstead Turnpike, Elmont, NY

February 3, 2010
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Public Hearing: Hearing on NYRA's Fiscal Health

Senate to Hold Hearing on NYRA's Fiscal Health

 

February 3, 11:00 AM - 12:00 PM
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Senate to Hold Hearing on NYRA's Fiscal Health

Senator Craig M. Johnson, (D-Nassau), Chairman of the Senate Standing Committee on Investigations and Government Operations and Senator Eric Adams (D-Prospect Heights), Chairman of the Senate Standing Committee on Racing, Gaming and Wagering, will be holding a joint hearing on the fiscal condition of the New York Racing Association (NYRA) and how thoroughbred racing in New York compares to other states.  

February 2, 2010
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NYS Senator Eric Adams' statement on the selection of AEG for Aqueduct

MEDIA ADVISORY:  NYS Senator Eric Adams, Chair of the Senate Committee on Racing, Gaming and Wagering, releases a statement on the selection of AEG for Aqueduct: “I wish to commend the Governor on his selection of an operator for Aqueduct; the development is of major importance to the thoroughbred industry in New York and to the State as a whole, especially during our current economic and budget crises. 

January 29, 2010
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Statement from NYS Senator Eric Adams, Chair of the Senate Committee on Racing, Gaming and Wagering Regarding the Selection of AEG for Aqueduct

I wish to commend the Governor on his selection of an operator for Aqueduct; the development is of major importance to the thoroughbred industry in New York and to the State as a whole, especially during our current economic and budget crises.  The project will provide a significant economic engine for the future, and it will supply many much-needed jobs and stimulate our economy. 

January 29, 2010
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Committee Meeting: Racing, Gaming and Wagering Committee Meeting

Upcoming Meeting scheduled for Feb 9, 2010. 

**Please note time/location change to 9:30AM, 124 CAP**

Agenda

Nominations: Charles Diamond to the NYS Racing and Wagering Board

No Speakers

Bills:

February 9, 9:30 AM - 12:00 PM
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Racing, Gaming, Wagering Committee Meeting; January 20, 2010

Racing, Gaming and WageringMet: January 20, 2010Original Meeting time 10AM- Postponed and met at 2:30PMLocation: Capitol 123

No NominationsNo Resolutions

Speakers: John Sabini, Chairman, NYS Racing and Wagering Board

Bills:

January 20, 2010
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Committee Meeting: Racing, Gaming and Wagering Meeting

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January 19, 10:00 AM - 11:00 AM
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Public Hearing: Joint Hearing on NYRA's Finances and viability of thoroughbred racing in New York State

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In 2008, New York State provided the New York Racing Association (NYRA)

nearly $105 million in funding and forgave nearly $100 million in outstanding debt to enable the

association to emerge from bankruptcy and continue racing operations. After stating in mid-

2009 that it was financially stable, NYRA announced in December that unless a Video Lottery

Terminal (VLT) operator were selected shortly, the association would become insolvent. This

hearing will determine the accuracy of NYRAs declaration and investigate the basis for

February 3, 11:00 AM - 5:00 PM
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Senator Adams Co-presides at Joint Senate-Assembly Hearing on the Future of NYC Off-Track Betting Corporation

PRESS ADVISORY

SENATOR ERIC ADAMS, CHAIR OF THE NYS SENATE COMMITTEE ON RACING, GAMING AND WAGERING, WILL CO-PRESIDE AT A JOINT SENATE-ASSEMBLY PUBLIC HEARING ON THE FUTURE OF NYC OFF-TRACK BETTING CORPORATION

NYS Senator Eric Adams, Chair of the Senate Committee on Racing, Gaming and Wagering, will co-preside at a public hearing to probe issues surrounding the bankruptcy of NYC OTB  

January 7, 2010
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Senator Johnson Urges Belmont Summit

Senator Craig M. Johnson wrote the following letter to the Governor, seeking a summit with state officials, community leaders and representatives from the Shinnecock Indian Nation to discuss potential development at the Belmont Park Race Track. 

December 19, 2009
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Senator Adams' statement regarding the NYC OTB filing for Chapter 9 bankruptcy

Statement of NYS Senator Eric Adams

New York City Off Track Betting Corporation has been running an unsustainable financial deficit, and it has filed for Chapter 9 bankruptcy as a necessary step towards its continuance as a viable entity.  As Chairman of the NYS Senate Committee on Racing, Gaming and Wagering, I endorse the petition as the best available alternative to a cessation of NYC OTB operations. 

December 3, 2009
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