SARATOGA SPRINGS, NY, July 13, 2010--Maybe it’s because George Steinbrenner; owner, breeder, philanthropist, died today, but when I put his passing and the above-the-fold lead story in the Saratogian in perspective, the first thing that came to mind were Casey’s words: “Can’t anybody here play this game?” It’s a question that’s remarkably apt when describing the state of New York racing.
On Monday, an audit from New York State Comptroller Thomas DiNapoli’s office warned that unless VLT revenue or some derivative thereof, such as upfront money tended by the eventual winning franchise bidder that might provide a bridge for the immediate future, the road that the New York Racing Association must traverse without it would be a bridge that leads to nowhere.
Further complicating the issue--and a very real concern given how glacially wheels of justice turn and a track record of complete and total failure by state government to govern and problem solve--is a galling court injunction brought by the disqualified Aqueduct Entertainment Group, a suit that could delay or even derail the selection process which is down to a single remaining bidder.
There’s free money in the form of VLT revenue out there for the taking but precious few willing to become embroiled in New York State politics, no matter how potentially lucrative the project. All the gaming giants who wanted in since the process began nine years ago are on the sidelines now, wanting no part of the capricious and cavalier nature of how business is conducted in this state.
Clearly, AEG, which won the bid but was disqualified because the taint of back-room dealing wreaked of cronyism, wants back in the game. At this point they apparently figure they’ve got nothing left to lose but time and court costs for another shot at a brass ring, especially since the lone remaining bidder, Genting New York LLC, isn’t exactly floating anybody’s boat over at the State Lottery division.
According to the Saratogian story, the NYRA, which lost $9-million in 2009 is on track to more than double those losses this year. DiNapoli, to his credit, lays much of the blame where it belongs; on the state. The association is owed $30 million by New York State for failure to award a franchisee in a timely manner, this according to the terms of its own franchise renewal agreement that turned the deed to its three tracks over to the state, among other considerations.
Bankrupt New York City-Off Track Betting Corporation, now a ward of the state, also owes the NYRA $20 million. The NYRA might not be a model of efficiency and accountability, and also showed bad taste by rewarding its top executives with raises during difficult times, but math shows that $50 million minus $19 million worth of real and projected dollars more than balances NYRA’s books.
So the $25 million loan floated it by the state, enabling the NYRA to, among other things, open the gates of Saratoga Race Course July 23, is little more than a down payment on what they are owed. The NYRA, which had refused to open its books, later complied to a DiNapoli subpoena and received the loan that’s enabling them to operate.
But DiNapoli also painted NYRA with the same brush. He believes that the association should have restructured, cutting costs more aggressively, pointing out that payroll was up nearly $2 million, much of that from union contracts. But the more disturbing figure, however, was $6 million termed personal and miscellaneous services, whatever that is.
Included in that figure should be $125,000 a month it pays the firm of Getnick & Getnick for providing security services for NYRA’s three highly controversial detention barns. Those barns have proven bad for business by discouraging those who would ship in to race, and the real possibility that it wreaks havoc with form. It’s so unpopular with local horsemen (HRI archives: “
Horsemen Term Detention Barn a Failure,” Pricci June 11 column) they are threatening to boycott the entry box for Sunday's races, the final day of the Belmont summer meet.
The Comptroller has instituted an on-site audit beginning with Saratoga meet for an indefinite period. The auditors are to monitor cash flow and note a willingness from NYRA to follow recommended audit procedures. Then DiNapoli overstepped by showing his lack of racing expertise, questioning the $900,000 NYRA spends annually to shuttle horses between racetracks. DiNapoli recommends that NYRA charge a fee or discontinue the service. Considering 90 percent of owners lose money, this would be, at best, extremely counterproductive.
The entire mess could have been completely avoided, but nothing goes right in the Roman Empire State. The state could be devoting its efforts on straightening out their other massive problems and the citizens of New York already would be benefiting from VLT revenues for a few years now.
In November of 2006, the Ad Hoc Committee on the Future of Racing in New York voted overwhelmingly to award Excelsior Racing Associates the franchise to run racing in New York. But a few months later newly-elected Governor Eliot Spitzer gave the franchise back to NYRA for 25 years, forgiving NYRA’s debt to the state, but taking title to its three racetrack properties. This is part of what Excelsior brought to the table:
* A pledge of $175 million for badly needed capital improvements, including $75 million in the first year.
* $35 million in capital improvements for the backstretch alone in the first three years.
* The pledge to create backstretch villages at all three racetracks, including new groom's quarters, apartments for trainers, medical and dental clinics, commissary services for backstretch workers with hours of operation that met their needs.
* New, state-of-the-art television infield screens and monitors that can be viewed no matter where fans would be seated.
* All racing to be broadcast in Hi-Definition.
* The construction of all-weather broadcast studios in the paddock area of each racetrack.
* Sixty percent additional VLT revenue for the NY State Breeding Fund.
* Three $1 million New York-Bred showcase days at all three tracks.
After NYRA won back the franchise, the troubled organization was given an opportunity to partner with the Excelsior group by Richard Rifkin, special counsel to Gov. Spitzer.
Rifkin asked Excelsior if they could work with NYRA. They not only said yes but offered to absorb 100 percent of NYRA’s workforce. The NYRA said no. Now it’s fighting for its life with a potential VLT operator with warts, while another threatens to blow up the whole process. No need to worry about playing the game if there’s no game left to play.
14 Jul 2010 at 01:11 am | #
John, Another informative, on-target column. Thanks for you insight. What a mess. Dick
14 Jul 2010 at 01:16 am | #
JRP said, “Roman Empire State...”
Brilliant!
14 Jul 2010 at 01:39 am | #
you give the Roman Empire a bad name...more like the Hapsburg Empire...!
14 Jul 2010 at 01:48 am | #
You have to ask your self is it New York State that is trying to kill horse racing or just NYRA it self trying to make it look like the state of New York is trying to kill horse racing.
14 Jul 2010 at 02:45 am | #
The Boss Would Know What To Do.... Fire everybody responsible for this mess… R.I.P. George
14 Jul 2010 at 03:21 am | #
The only constant is change. I tell people up here that someday there will be no racing in Saratoga. Most respond, “The track’s been here forever, and will always be there”. Or, “It doesn’t matter, they only run for six weeks, it won’t affect the rest of the economy that much”. My response is that it may still be here in my life time but what will the quality of racing be? I think that it will resemble Finger Lakes before too long. Many residents of Saratoga Springs don’t understand that without high quality racing here, this place just becomes another downtrodden upstate city. Businesses will close, and they will roll up the sidewalks. They don’t understand that it is the outside people that come here for the high quality racing that make this place special. They are the ones who own the summer cottages, rent the houses, buy the condo’s on broadway, and frequent all the bars and resturants in town.
14 Jul 2010 at 04:30 am | #
The “BOSS” would fix this mess and made sure the stars(horses) showed up in NY. Sadly I could not accomplish his dream and win the derby, but my Wood was special! RIP George
14 Jul 2010 at 04:33 am | #
Great article, John. Regarding cost savings and payroll there are quite a few tracks in jurisdictions without slots who have had to substantially slash staff/payroll and other expenses to stay afloat over the past few years. The tracks in California and Kentucky immediately come to mind. I am sure they would have loved to increase payroll instead of slashing it. From the perspective of any outsider looking in, it would not appear that NYRA has not experienced the level of cutting to the bone as other non-slot jurisdictions.
14 Jul 2010 at 04:56 am | #
This again goes to prove how people think that throwing money at a problem will help solve all. Overspending has been a bad habit of racing for a long time. Yet here is another ridiculous offer that execelsior has made.
$35 million in capital improvements for the backstretch alone in the first three years.
* The pledge to create backstretch villages at all three racetracks, including new groom’s quarters, apartments for trainers, medical and dental clinics, commissary services for backstretch workers with hours of operation that met their needs.
Why would trainers need apartments when they live better lifestyles than most people we know. Most tracks including nyra provide services that meet the needs of there backstretch workers. The plan of Excelsior was the same at any other idiot that has no idea about racing. The more you give to these people the more they will want. NY already leads with purses in the country. You want to clean up and give racing a chance start at the top. Remove all the people who don’t belong in management positions. stop nepotism at the racetrack with joe smoe brother getting a job there cause he knows somebody in the front office. Shut racing down for a month and revamp it. guess what you people will believe in a product that believes in itself.
14 Jul 2010 at 05:04 am | #
Lets invite companies to come in a run the slots just as is happening in West Virginia now. Where horsemen are in peril of losing racing completely because of a greedy company who wants to stop racing and is trying to make the rules so strict that if a horse eats a dandelion he is immediately disqualified from racing. That doesn’t mean from a race that means from even entering a race. Is NYRA going to fall victim to the same casino predators that are lurking and waiting for NYRA to make a mistake.
They all said the detention barn was a mistake. But is it such a mistakes considering 3 people that we know of were caught doing lets just say less than scrupulous. There is a need for such a barn as there will always be people thinking they can get away with murder. The solution for shippers in come in earlier. We did the same in kentucky. May be something to consider here.
14 Jul 2010 at 06:34 am | #
In the interim, the current NYRA administration should do what it can do and what it should do....
that means consolidate the racing product and tighten their belts.
Now I understand that the NYRA is contractually obligated to run a certain amount of race cards but if the NYRA had any clout left it should be able to get that changed in Albany.
Most of us here have grown to learn and appreciate the NYRA racing product over the years, I don’t think anyone wants to watch a sinking ship while powerlessly sitting on the pier.
It appears to have been a mistake for the NYRA administration to have relieved their debts in exchange for running the operations with one hand tied behind their backs.
That hand is held firmly by the NYSRWB while Albany applies the duct tape.
14 Jul 2010 at 06:44 am | #
JP,
I seem to remember Excelsior being “tainted” in the IG’s report to Spitzer, but let’s suppose they had been awarded the Franchise by Spitzer, could they have lived up to expectations given 1) the economic downturn, 2) the state’s takeover of NYCOTB and its subsequent bankruptcy, 3) the close ties of some principals to Spitzer following his demise, 4) the end of Steinbrenner ‘s daughter’s marriage, and 5) the dysfunctional State Senate and replacement Governor?
Just as NYCOTB needs a housecleaning, so does NYRA. It’s time to jettison Hayward, Handel, Getnick, the Detention Barn, Aqueduct, and winter racing. If the VLT franchise is transferred to BEL, does AEG even have a case?
How about holding the SRWB accountable for their role in the NYCOTB fiasco? Sabini should explain every decision they make in detail. Why can’t NYRA compete with MTH with 15% takeout and lowering the Pick Six minimum to $1—$.50 on the days they run head to head if there’s no carryover?
If you’re going to look back wistfully at what might have been, you don’t need to lack that far. The logical place to start would be Delaware North’s getting an extension on their VLT franchise fee. Yet as inept as Paterson has proven to be on this issue, Pataki and his cronies are the biggest villains in the VLT saga.
14 Jul 2010 at 09:18 am | #
Indulto, you remember your history pretty well but I don’t recall any misdeeds or inappropriate beavior by Excelsior. Yes, the economy tanked but we are talking some very well heeled people able to secure a HUGE line of credit.
Sky, it’s true that every time NYRA sneezes it applies to the SRWB for Kleenex. In the big picture, however, NYRA ultimately must take responsibilities for its actions.
David, I’m only aware of one person being “caught” by the detention barn scenario. In the previous piece on this subject (link above) I talked about better ways to police the barn area. Even if it were three, that’s not the entire point. Expense and negative impact on shipping notwithstanding, I would argue that the negative effects of taking a horse out of its routine for six hours prior to race time does as much to alter performance, vis a vis form, as enhancers do. Yes, performance can improve with illegal substances or too much of the legal ones, masking issues and the like. But when horses go off form when subjected to unnecessary stress, isn’t that just as injurious to bettors’ bankrolls? In that context, form is compromised, only on a different side of the spectrum.
Thanks all very much. Good job!
JP
14 Jul 2010 at 10:56 am | #
The other people who were caught in that barn incident quietly turned over there licenses and left the sport all together. So there wasn’t much publicity about her . The other gentlemen also walked away from the game. Milk shaking isn’t allowed in racing anymore Without steroids the advantage is to the better. We have all seen the races lately and i have cashed more tickets than ever valued over 40 dollars because racing stopped steroids. IF all illegal drugs are stopped and gambling is made on the pure performance of these horses more people would be interested in betting cause they have a fair shot. Have you guys noticed the standings lately. The lake effect is gone. Why cause you cant juice them anymore. now its all how long you can play with the days since you medicated him.
14 Jul 2010 at 11:02 am | #
The only one stressed is the horse trainer and owner cause he cant get in there to juice the horse. on shippers i can see a slight problem with causing the horses stress but races are over in the afternoon shippers can arrive and overnight at the track without causing confusion. and making it less stressful on them. I think to much emphasis is being placed on the horsemen and what they want and not on the fairness of racing. I am sure if we cleaned out the backside and took most of the horses that are not actually racing we would have enough room to house so many of these shippers that come in. so again Tell the complaining horsemen to follow the rules and they shouldn’t have any issues. But as always they look to sneak and cheat all the time
14 Jul 2010 at 11:11 am | #
And yet again as of today someone has gone to court and blocked the racino idea yet again.
14 Jul 2010 at 11:28 am | #
You may be right, JP. The following article debunks a lot of negative assertions made in the Inspector General’s “Integrity Report”
<url>http://www.governmentlaw.org/files/IGGossip.pdf
The Inspector General,, Ethics, and the New York Franchise Applicants</url>
However, I still have my doubts that all promises to benefit the racing side of the equation could have been kept, and certainly NYRA’s ownership of the land would have made them a far bigger legal nuisance than AEG could ever hope to be,
14 Jul 2010 at 01:45 pm | #
When you have employees of NYRA that are making $100,000.00 to $250,000.00 dollars a year and get a raise in pay when state employees and taxpayers in general are losing there jobs because of the economy, yes there is a problem. The question is do casinos bring in revenue, well lets just ask the Indians that own and operate casinos what they think. New York Lawmakers and the acting Gov. have to get there heads out of there ---. When you hear the phrase money is the root of all evil who do you blame the lawmakers or NYRA.
14 Jul 2010 at 01:52 pm | #
Nobody was watching BP and if they were they were being paid off. Nobody is watching NYRA, well and if they are then what do you think is going on right now at this very moment. Follow the money.
16 Jul 2010 at 06:37 am | #
May 13, 1819: Religious cult proclaims the 2nd Coming will occur on that future date.
Nothing happened.
June 3rd, 1832: Religious organization sees the end of the world occurring on this future date.
June 4th, 1832: The Sun rose again. Birds sang. Farmers sowed the fields.
November 4th, 1853: The Messiah is coming - the prophets of a sizable sect predicted.
Nada.
Now, in this century, a similar pattern remains the same.
NYS government proclamations:
AQ will have VLTs in March 2002…June 2004… August 2007. February 2009.
Zip. Zip. Zip. Zip.
Guest Editorial:
Prince Charles of England: “I really do sympathize with these most unfortunate American owners in New York - seeing as how I myself have been waiting for forty or so years to be able to move up the ladder, so to speak.
“We just might send over the RAF to dust up their state capitol if this bloody stalemate should continue.
“If you see symbols underneath the wings that look like the Camel cigarette smoke rings, that will be us.”
16 Jul 2010 at 06:50 am | #
By the way, when they do finally get this thing going, it will have been too late - Aqueduct will have already physically collapsed from 30 years of negligence.
Not to worry.
They’ll create the “New Aqueduct Casino” with the detention tents that were disassembled and put into storage in Saratoga in 2010.