New York News - Page 52

Regulators haven't yet studied whether new rules are needed to govern private equity funds, the multibillion-dollar investment vehicles that are now all the rage on Wall Street.

ews Brief: Vernon Downs is losing $500,000 a month and needs help from the state if it's going to survive, one of its owners said.

News Brief: A proposed Mohawk casino in the Catskills received environmental approval from federal officials, bringing the long delayed $600 million project a step closer to reality, tribal representatives said on Dec. 15.

Saratoga Gaming and Raceway proudly presented $90,000 in charitable donations to nine local organizations.

News Brief: The New York Racing Association has sued the state for failing to approve a video lottery terminal casino at Aqueduct, a move that could complicate matters if the state tries to give a different operator its racing franchise.

ews Brief: The U.S. Department of the Interior has determined that the proposed casino for Monticello Raceway would have no significant environmental impact, clearing the way for final approval by the governor’s office.

News Brief: The U.S. Supreme Court on Monday turned down the appeal of the Oneida Indian Nation, providing the tribe no legal basis for the operation of the Turning Stone Casino in Verona.

News Brief: New York has no independent way to ensure that it's getting its fair share of millions of dollars in slot revenues from Indian-owned casinos, including the two run by the Seneca Nation of Indians, a state comptroller's audit charged Thursday.

News Brief: Both the New York Racing Association, the current holder of the track franchise, and Empire Racing said the recommendation by the Ad Hoc Committee on Racing is not binding on the state Legislature and new Gov. Eliot Spitzer.

News Brief: The video slot-machine parlor at Yonkers Raceway has hit the jackpot since opening last month.

News Brief: The state, on behalf of Seneca Gaming Corp., is offering $2.6 million to City Hall for portions of five downtown streets and two alleys near the Seneca Niagara Casino & Hotel.

Queens DA announced the indictment of twenty-seven individuals and three corporations on charges of unlawfully operating a highly sophisticated online gambling operation in Queens County and elsewhere in the world.

Nevada Gold & Casinos reports the appointment of Robert Farinella as Senior Vice President and General Manager of Tioga and Vernon Downs in New York State.

News Brief: The New York agencies involved in opening and operating a $240 million video lottery casino at Yonkers Raceway maintain that the facility is safe as they address dozens of fire code violations.

Nevada Gold & Casinos, Inc. reports the grand opening of the new 33,000 square foot gaming facility at Vernon Downs and the completion of the $4,000,000 renovation.

News Brief: New York state allowed Yonkers Raceway's new video lottery casino earlier this month, despite more than 50 fire safety violations, according to a report.

News Brief: When Vernon Downs opens its new video gambling facility Oct. 26, the long-suffering harness track expects to receive a major infusion of revenue that it could depend on year-round.

News Brief: Angry horse owners and trainers plan to protest Yonkers Raceway's decision to open its $240 million new video lottery casino before it is ready to resume live harness racing.

News Brief: Gamblers with an urge to test their luck today will get their first chance to hit Yonkers Raceway , the only casino merely minutes from the New York City border.

News Brief: After a summer of sometimes frosty relations, the Seneca Nation of Indians and Buffalo Mayor Byron Brown have struck a deal that will enable the Senecas to build the casino it originally envisioned.