TVG Position of NYRA Overcharge of Takeout

Yes, I'm laying off TVG now.

Right, not their fault but I'm somewhat familiar with settlement procedures between ADW's and racetracks. TVG and other ADW's were the recipients of the "windfall" profits due to the universal underpayments to customers. In round numbers, the underpayment was around $8 million; about 3/4 of that or more didn't remain in NYRA's coffers.


Ocala Mike