Updated 09/03/2012 01:31 PM
Future of NYRA remains uncertain
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SARATOGA RACE COURSE -- As the season comes to an end, the future of NYRA is far from certain.
Earlier this year, some top NYRA officials - including former President Charlie Hayward - were implicated in a report from the state Racing and Wagering Board that found NYRA had knowingly withheld $8.5 million in winnings owed to bettors. That prompted Governor Cuomo to call for a 17-member Reorganization Board to improve the horse racing industry. The board would consist of 12 state officials and five from NYRA.
YNN's racing analyst says the actual changes this shake-up will have on racing next year remain to be seen.
"I think we can all feel comfortable that Saratoga will be here next year," said Mike Kane. "It'll be the big race meet that it's been all along. It's such an important part of our economy and our culture here in the Capital Region. I think state government fully understands that. They get that part of it. But there are a lot of questions as to who is going to be in charge what their approach is going to be. That's what we'll be paying attention to."
Governor Cuomo is expected to make an announcement on the new board of directors sometime this fall.