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Article: New York Racing Association Is Facing Loss of Payments – NYTimes.com

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New York Racing Association Is Facing Loss of Payments – NYTimes.com

http://www.nytimes.com/2012/05/16/sports/new-york-racing-association-is-facing-loss-of-payments.html?_r=1

The administration of Gov. Andrew M. Cuomo asked Tuesday that payments from the casino at Aqueduct racetrack to the New York Racing Association, which runs the track, be suspended immediately. It also said it was exploring revoking the association’s racing franchise.

“Unless NYRA immediately starts to act in the best interests of racing and the taxpayers of this state, we will pursue a course of action to re-establish the racing franchise with a qualified, ethical, and responsible steward of horse racing,” a letter sent to NYRA’s chairman, Steven Duncker, stated. It was signed by John Sabini, the chairman of the New York State Racing and Wagering Board, and Robert Megna, the chairman of a NYRA oversight panel.

Charles Hayward, the association’s chief executive, and Patrick Kehoe, its general counsel, were fired last week after the release of an interim report that said they delayed payment of more than $8 million owed to bettors.

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