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Business
April 9, 2024
Churchill Downs Finalizes Sale of United Tote Stake to NYRA
A few years ago, Churchill Downs Incorporated (CDI), the parent company of Churchill Downs, announced its intention to divest its stake in United Tote, a provider of totalizator equipment and services for parimutuel wagering at racetracks. CDI initially acquired the stake in United Tote back in 2010 as a part of an acquisition of Youbet.com. […]
Sports
February 19, 2024
NYRA Leads Efforts in Studying Racing Surface Safety After Horse Tragedies
In response to mounting concerns over equine injuries and fatalities in horse racing, the New York Racing Association (NYRA) has taken the lead in forming an All-Weather Surfaces Committee. This committee aims to delve into the effects of various racing surfaces on equine well-being. Notable Industry Figures Convene for NYRA-Led Committee Amid Horse Racing Safety […]
Business
August 12, 2022
NYRA Purchases 49% of Churchill Downs’ Subsidiary United Tote
Churchill Downs Incorporated (CDI), the parent company of Churchill Downs, has announced that it will sell 49% of United Tote’s shares to NYRA Content Management Solutions. NYRA Content Management Solutions is a subsidiary of the New York Racing Association, whereas United Tote is a subsidiary fully owned by CDI. The Goal of the Deal Is […]
Sports
December 9, 2021
NYRA Needs State-Backed Bonds for Belmont Park Redevelopment
The redevelopment of Belmont Park will not go ahead without state-backed bonds, representatives of the New York Racing Association (NYRA) told legislators Wednesday, reported Daily Racing Forum. Smaller Building Means More Green Space NYRA’s ambitions redevelopment plans include the construction of a new, smaller building to open up more green space and the renovation of […]
Sports
July 16, 2021
Kentucky Derby-Winning Trainer Baffert Gets New York Suspension Lifted
Bob Baffert has won. He isn’t yet in the clear on suspicion that Medina Spirit, the Kentucky Derby-winning colt he trained, had been given steroids before the race, but he can claim a small victory after a New York judge ordered the New York Racing Association (NYRA) to back down on Wednesday. Brooklyn Judge Carol […]