Whew.
A look at the economics of breeding, selling and racing thoroughbreds, and at the various players in the racing game, from race track operators to state governments to those of us who are crazy enough to own and/or place a bet on these gorgeous, courageous equine athletes.
Monday, May 24, 2010
NYRA Rescue Passes State Senate
I've been advised that the New York State Senate has approved the $25 million loan (not bailout) that will tide the New York Racing Association over until either NYC OTB starts paying what they owe or the state finally approves a slot machine operator for Aqueduct. The loan was tacked onto the weekly bill extending the state budget, since the legislature failed to meet the April 1 deadline for a new fiscal year budget. The measure now heads to the Assembly, where it should pass.
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