If he is cut without cause by NYRA within 365 days after a change in control of NYRA, he would get the one-year severance package. Kay also gets to bill NYRA "for actual and reasonable business ...

Kay said NYRA nevertheless had its work cut out, coming late to the market. He declined to say how much new betting NYRA hoped to attract, although the market could be as large as $3.5 billion ...

Other conditions for the money call for NYRA to come up with a plan to cut expenses, provide a cash-management plan to the state by the end of the month, possibly renegotiate simulcast contracts ...

And he said the dispute could have one "ironic'' impact: a cut in NYRA's purses because of the declining handle at NYRA. The TVG deal carried with it an arrangement to have TVG replenish the ...

Instead, NYRA cut its stakes schedule and lowered some purses to achieve a savings of $1.4 million. Among those stakes eliminated were the Peter Pan, Tom Fool, Nassau County, and the Poker.