Comptroller: NYRA on "very shaky financial ground"
 

http://www.bloomberg.com/news/2010-0...poli-says.html

http://poststar.com/news/local/artic...cc4c002e0.html

Scary stuff.. State screws NYRA and then State comptroller declares NYRA was bailout by the Taxpayers? NYRA should be looking at a Plan B since there is 0.0 chance the Genting bid will go thru. But come Napoli have a heart..

For anybody actually interested, Bloodhorse presented the full report, which includes the NYRA responses.


http://www.bloodhorse.com/pdf/09s89.pdf

andy where is all the $$ going , how could you guys be broke?

He will tell us on the next installment of "Trips & Traps". lol

It is available in the documnet Andy attached. It will take time to read but it becomes clear as to where the problems are.

I wish that would get posted in the papers up here, from Albany to Glens Falls.

Its ridiculus how many people I run into a day that are b!tching about the "bailout" NYRA has got, and the crazy salaries. Then when you try to expalin the VLT mess, and point out NYC OTB, they have no interest and walk away.

NYRA
 

After reading the report, what else can NYRA do without the VLT revenues and the money owed by NYC OTB? NYRA appears to putting forth their best effort under less than ideal circumstances. The economy is not helping either that has direct negative results in field sizes and corresponding $$$ wagering. The five recommendations made to NYRA i believe were fairly minor in nature.....

Until VLTs are approved the negative cash flow will continue..... It is that simple. One can argue that salaries are too high at the top but that is a common complaint for all corporate officers.

Overpriced Yankee tickets

Honest to god Marty, you must wake up daily having retained no prior accumulated information. You're like a human Etch-a-Sketch.

Classic

Can we please get the unelected Comptroller to audit the NYC OTB's books.

:tro:

May I use this as my signature?

LOL

We didn't need DiNapoli to spend who knows how much money to say that, if the state continues to botch the OTB and VLT situations, NYRA will be faced with financial difficulty. That being said, could some one please explain Heffernan's response on the Getnick & Getnick issue? Exactly what value does New York racing derive from their presence to justify over a $1 million per year in legal fees? Aside from Neil Getnick showing up for various fundraisers in Saratoga, why is July/August considered "peak season" for integrity issues?

DiNapoli is an absolute political hack that got this position through patronage after he was unable to win a primary against Tom Suozzi despite having the Democratic party's support. He has no experience or background for the comptroller position and his report shows an absolute lack of knowledge as to the business that NYRA runs. He is likely using this for political gain as he runs for another position he is unqualified to serve, attorney general.

This report is garbage and should be treated as such by the media, yet for some reason the mainstream New York media eats it up and only reports the negative towards NYRA.

Gales is the guy from Memento

chuck , all i know is i get the plays from RHT the $ goes into the window at BEL and does not come back , could Madoff have taken it too?