Charlie Hayward, NYRA President and CEO, is shown speaking at a press conference last June at The Desmond Hotel & Conference Center in Albany. Inset left, the state Racing and Wagering Board's interim report on NYRA's incorrect takeout rates.
ALBANY New York Racing Association President Charlie Hayward was placed on administrative leave without pay Monday following release of a scathing report alleging he knew that NYRA was withholding too much from winning bettors but kept quiet.
Patrick Kehoe, who serves as general counsel and senior vice president, was also put on unpaid leave.
The suspensions follow Monday’s release of a New York State Racing and Wagering Board report into NYRA’s problems with exotic bets.
“It was shocking to me and if the facts are correct, it is very troubling to say the least,” Gov. Andrew Cuomo said when questioned about the report at a Monday news conference. His office has asked the state Inspector General’s Office to review the possibility of criminal or civil charges.
Racing and Wagering Board issues report
The New York State Racing and Wagering Board has released a 19-page preliminary report indicating that the New York Racing Association knew it withheld payouts to bettors on exotic wagers and allowed the practice to continue. For more on the story, and to view the report, click HERE.
NYRA holds a long-term franchise to run racing at the Aqueduct, Belmont, and Saratoga race tracks.