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NYRA advised to control finances (with link to report)

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State watchdogs of the New York Racing Association want it to rein in its spending and learn to operate without relying heavily on millions of dollars in video lottery terminal revenue. For months, members of the state’s Franchise Oversight Board have chastised NYRA for its reliance on VLT funds, which NYRA projects will enable it to turn a profit for the first time in recent years. In its 2012 budget, NYRA projected that VLTs at ...


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