by | 11.17.2010 | 12:47am

The following is a statement from NYRA Chairman C. Steven Duncker on the $25 million loan to NYRA:


The Board of Directors of the New York Racing Association, Inc. (NYRA) along with its management and dedicated employees are grateful for the State legislature's approval last evening of a $25 million loan which guarantees world class thoroughbred racing at Belmont Park, Saratoga Race Course and Aqueduct Racetrack.


We appreciate the dedication and perseverance of Governor David Paterson, Assembly Speaker Sheldon Silver, Senate Conference Leader John Sampson, Senate racing committee Chairman Eric Adams, and Assembly racing and wagering committee Chairman Gary Pretlow, and their respective staff members, which resulted in this legislation.


We also express our profound gratitude to the New York Thoroughbred Horsemen's Association, the New York Thoroughbred Breeders, our horse owners, and all of the community leaders surrounding our respective tracks for their unwavering assistance and support.


We await the State's August recommendation of the firm to develop and operate the Aqueduct VLT facility so that the revenues fundamental to our 2008 Franchise Agreement with the State can commence and NYRA can continue its leadership role in the North American thoroughbred industry.

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