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

[Cannon Shell]

Originally Posted by freddymo

Yep that condition book must be a real puzzle..They are fn toll collectors.. What does NYRA do other then facilitate the rake? Please its a non profit which is in business to make sure the rake is as big as it can be nothing more and nothing less and I hope they succeed

They are a non-profit because that is the only way that the state can maintain control over the business. They knew if they disbanded NYRA and brought in a for profit company they would have to cut the tentacles wraped around the business in the form of NYCOTB and the choice of the VLT partner. Once the debacle of bidding on the franchise had run its course it was the only way for the state to save face.