UPDATE: State meets obligation to NYRA; Legislature OK's advance

[Cannon Shell]

Originally Posted by freddymo

So NYRA told the State in advance that there plan for operating in 08-10 would fail to be cash flow positive and as such the state said don't worry about it you keep losing money and will fund it because you told us so..Is that the way it happened if so the idiots polictians that said that they would bankroll a flawed business should be arrested.

Come on first NYRA is getting money and the horrendous publicity they continue to spew is madding.. HI fans and gamblers we are going out of business after are biggest purse day of the year and if you want to deposit money in your NYRA account please dail 1800 BIG AVLT. How the heck do you run a business promoting its life and joy in one breathe and telling your fans and customers its dying on the other. Why are the publizing all this negative stuff with such vigor? I really hope NYRA gets to operate and be successful!! This stuff just is foolish

Freddy the flaw is the states control over NYRA's ability to proceed with its VLT plans for 9 years and its harrassment and politically motivated campaign against it over the last 7 years. The other flaw is the state run entity NYCOTB failing to pay NYRA the money it legally owes them. If NYRA could simply sue NYCOTB and/or shut off the signal to them that problem would have been solved years ago. The state made the deal with its eyes wide open. What exactly is NYRA supposed to do? Say things are peachy?