NYRA Board Prepares Privatization Plan

After three and a half years under the supervision of New York State, the New York Racing Association is preparing to return to private control, board chairman Michael Del Giudice said at a meeting of the association’s board of directors March 10 in New York City.

Though the plan for privatization, due to be submitted to Gov. Andrew Cuomo in April by state statute, is still being finalized, NYRA chairman and chief executive officer Christopher Kay said the plan will be largely unchanged from the one the association expected to submit a year ago.

During last year’s state budget process, Cuomo announced he was extending by one year state oversight of NYRA. Kay said he expects no such extension to be announced this year.

Continue reading at The Blood-Horse

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