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What you need to know for 02/21/2017

Cuomo to sign temporary NYRA takeover into law

Cuomo to sign temporary NYRA takeover into law

The storied and sordid history of the New York Racing Association is at a crossroad.

The storied and sordid history of the New York Racing Association is at a crossroad.

Gov. Andrew Cuomo is expected to sign into law his temporary takeover of NYRA to reorganize the private entity that has operated thoroughbred racing at three New York tracks since 1955. But even as it has run historic races at Aqueduct, Belmont and Saratoga, NYRA has been plagued by management scandal and bankruptcy.

The new board dominated by Cuomo appointees is expected to make significant changes, possibly including hiring a new operator or operators to run racing, promote events and create a better, more lucrative racing product.

The move also gives Cuomo control of racing as he revamps gambling statewide in an attempt to build casinos away from Indian reservations and potentially away from racetracks.

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