May
09

Ex-NYRA arch Hayward vows to be privileged in betting scandal

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Adam Sichko
Reporter – The Business Review

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The New York Racing Association Inc. dismissed a boss and CEO on May 4, who says he did zero wrong associated to a betting liaison now roiling a organization.

“I design to be entirely vindicated when all of a contribution come out,” pronounced Charles Hayward, a former boss and CEO of NYRA, pronounced in a matter over a weekend.

New York state grants NYRA a disdainful permit to work racer races during Saratoga Race Course—races 

State regulators have indicted NYRA of intentionally shorting bettors $8.5 million. Regulators also expelled emails they contend proof Hayward, who had been NYRA’s arch executive given 2004, perplexing to cover it up.

“The house takes all issues swirling around it really seriously,” house member Barry Ostrager pronounced in a brief interview. “We will continue to do what’s in a best seductiveness of racing.”

Ellen McClain, who is NYRA’s executive clamp boss and arch handling officer, is temporarily using a organization.

On May 4, a executive cabinet of NYRA’s 25-person house voted to glow Hayward and a No. 2 official, Patrick Kehoe, who was comparison clamp boss and ubiquitous counsel.

Hayward done $475,000 a year; Kehoe done $435,000. Both were primarily dangling but compensate on Apr 30.

NYRA authority C. Steven Duncker pronounced Hayward and Kehoe “failed to perform their duties during a turn compulsory by a board.” Calls to Duncker were not returned.

Duncker pronounced NYRA is auxiliary in ongoing bureaucratic investigations associated to a betting liaison and purported cover-up.

Sichko covers state government, manufacturing, law and sports business.

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May
06

NYRA betting liaison raises authorised questions, authority says

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Adam Sichko
Reporter – The Business Review

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The betting liaison roiling The New York Racing Association Inc. tops a list of troubles that have stubborn a classification for roughly a decade, says a state authority who chairs a Assembly’s racing committee.

“This surpasses all a other issues we’ve had with NYRA,” Assemblyman Gary Pretlow (D-Westchester County) said, issues that operation from NYRA’s failure in 2006 to past compensate raises for tip officials.

Still, Pretlow, like his Senate counterpart, would not undisguised call for NYRA boss and CEO Charles Hayward to renounce or be fired.

NYRA puts on a racer races during Saratoga Race Course 

State regulators, in an halt news expelled progressing this week, indicted NYRA of intentionally shorting bettors $8.5 million—and they also pronounced Hayward attempted to cover it up.

The state examiner general’s bureau pronounced it is also now doing a possess investigation.

“That (decision) is adult to a NYRA board. we don’t consider a house would do anything before a final news comes out,” Pretlow said.

“But something has to happen,” Pretlow said. “If Charlie intentionally pennyless a law, we have standards to uphold. No one should be authorised to fundamentally deceive a betting open and get divided with it.”

NYRA has temporarily dangling Hayward and barred him from collecting on his $475,000 annual salary. A orator declined serve comment.

Hayward has been boss and CEO given 2004. In past open statements, he had called a underpayment to bettors “inadvertent” and something that was “unintentionally overlooked.”

It is not nonetheless transparent what NYRA did with a additional money. State regulators contend their examine is ongoing.

“The one thing we can’t endure is a diversion that’s not fair,” Pretlow said. “If we travel into a casino, we know a contingency are opposite you, and we work with that. If someone using it is cheating, that’s only bad. Unfortunately, that is what was function here.”

Sichko covers state government, manufacturing, law and sports business.

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May
03

Senator calls for new execs during NYRA amid betting scandal

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Adam Sichko
Reporter – The Business Review

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The authority of a state Senate’s racing cabinet has called for The New York Racing Association Inc. to immediately implement new executives amid a flourishing betting scandal.

State regulators this week pronounced their review reveals that NYRA intentionally shorted bettors $8.5 million, and that boss and CEO Charles Hayward attempted to cover it up.

The state examiner general’s bureau reliable to The Business Review on Wednesday that it is questioning a situation.

NYRA has affianced to respond by May 4; it is not nonetheless transparent what it did with that money. NYRA curators have temporarily dangling Hayward and barred him from collecting on his $475,000 annual salary.

Sen. John Bonacic (R-Orange County) stopped only brief of job for Hayward’s ouster. Hayward has been boss and CEO given 2004.

“We need a non-NYRA chairman to run a operation immediately … positively on an halt basis, and it could be permanent if we have a right person,” Bonacic pronounced in an interview.

NYRA binds a disdainful rights to work racer races during Saratoga Race Course 

“Running a government-granted corner on a state’s largest marks requires 3 things: Humility, firmness and common sense. NYRA was never clever on a first, a second is now in critical question, and we can never have a third if a initial dual are problematic,” Bonacic said.

“This all could not have happened during a worse time for a industry. Things were looking brighter, until this happened,” Bonacic added.

Bonacic pronounced he will entice NYRA officials to attest during a cabinet conference subsequent week, along with John Sabini, who chairs a state Racing and Wagering Board. The house is heading a ongoing examine of NYRA.

Sichko covers state government, manufacturing, law and sports business.

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