Loading chat...
NY S00623
Bill
Status
1/5/2011
Primary Sponsor
Jeffrey Klein
Click for details
AI Summary
-
Adds Section 113 to the racing, pari-mutuel wagering and breeding law to create antitrust exemptions for horse racing industry agreements approved by the State Racing and Wagering Board.
-
Exempts joint agreements between non-profit racing associations, thoroughbred/harness/quarter horse racing associations or corporations, and regional off-track betting corporations from state and federal antitrust laws when coordinating racing program dates and times.
-
Exempts joint agreements to sell, transfer, assign, or purchase rights to broadcast, simulcast, electronically transmit, or offer pari-mutuel wagering on horse races from antitrust laws when approved by the State Racing and Wagering Board.
-
Requires the State Racing and Wagering Board to consider and approve such agreements based on whether they further the state's interest in ensuring the viability and continued existence of the horse racing and agriculture industries.
-
Takes effect immediately upon enactment.
Legislative Description
Provides that antitrust laws shall not apply to any joint agreement entered into, in consultation with and approved by the state racing and wagering board, by or among non-profit associations, thoroughbred racing associations or corporations, harness racing associations or corporations, quarter horse racing associations or corporations and regional off-track betting corporations to coordinate the dates and times under which they will conduct programs of racing and offer pari-mutuel wagering; also provides that such laws shall not apply to agreements entered into to sell, transfer, assign or purchase the rights to broadcast, simulcast, electronically transmit or offer pari-mutuel wagering on horse races.
Last Action
REFERRED TO RACING, GAMING AND WAGERING
1/5/2011