Monday, April 30, 2012
Contact: Dan Silver
dsilver@nyrainc.com
NYRA EXECUTIVE COMMITTEE PLACES CHARLES HAYWARD AND PATRICK KEHOE ON ADMINISTRATIVE LEAVE PENDING FURTHER REVIEW
ELMONT, N.Y. – C. Steven Duncker, Chairman of The New York Racing Association, Inc. (NYRA) Board of Directors, has announced that the NYRA Executive Committee has placed NYRA President and CEO Charles Hayward and NYRA Senior VP and General Counsel Patrick Kehoe on administrative leave without pay, pending further review. The actions follow the April 29 release of the New York State Racing and Wagering Board’s interim report into the matter of incorrect takeout rates at NYRA and a letter to Duncker, also dated April 29, from Robert L. Megna, Chairman of the Franchise Oversight Board.
“NYRA takes the matters identified by the Franchise Oversight Board and the New York State Racing and Wagering Board extremely seriously, “said Duncker. “NYRA will take all appropriate steps and actions to cooperate with the State’s inquiries and insure the integrity of our operations. As part of these efforts, we will respond to Chairman Megna’s letter as requested by May 4th. NYRA has worked diligently over the past number of years to improve the racing and agricultural industries in New York State and enhance its national status as an industry leader, and we will continue with that commitment.”
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