NYRA awarded 25-year franchise

Horseracing Betting Lines

02/14/2008 - Albany, NY (Sportsbook Betting Lines) - The New York State legislature has voted to award the New York Racing Association (NYRA) a new 25-year franchise to continue operating its three racetracks. The vote occurred on Wednesday, hours before NYRA would have ceased operation.

NYRA's franchise to operate Saratoga, Belmont Park and Aqueduct expired at the end of 2007, but two extensions were granted to extend operations to Wednesday, February 13.

"This plan really came together in the last two days through the diligent efforts of State government: in particular, speaker Silver and his staff were tireless in their efforts to make this significant piece of legislation a reality. We especially appreciate the tremendous work of the Governor and his staff as well as the Senate Majority leader and his staff," said NYRA chairman C. Steven Duncker. "This legislation contains the key components for us to emerge from bankruptcy and to improve upon what is already the best racing in the world."

Over the previous few weeks negotiations to implement a long-term agreement appeared to have bogged down. NYRA officials had plans to close Aqueduct after racing on Wednesday and lay off most employees.

Last September New York Governor Eliot Spitzer announced that he was backing the effort of the NYRA to retain operation of Belmont Park, Saratoga Race Course and Aqueduct. The NYRA has operated the tracks since 1955.

"This a great day for thoroughbred racing in New York and for all the people involved with the State's vital thoroughbred industry," said NYRA president and CEO Charles Hayward. "I especially want to thank and acknowledge all the NYRA employees who worked so hard to put on the best racing in the country, despite the uncertainties and distractions of this process. We all deeply appreciate the efforts of our franchise working group, made up of NYRA trustees and senior management, who worked tirelessly and with tremendous commitment to secure this positive outcome."

NYRA will be able to come out from Chapter 11 bankruptcy with a $105 million bailout from the state. A casino operator will be selected by the state for a casino at Aqueduct and the operator will be required to pay back the $105 million. The casino at Aqueduct will have 4,500 slot machines.

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It's less than a month until the NHL hockey betting season opens at MySportsbook.com and preparations are underway for another battle in the race to hoist Lord Stanley's mug in 2007.

As cup crazy fans prepare to place their bets, one online sportsbook ,MySportsbook.com, is offering hockey betting lines on the 2007/2007 Stanley Cup , who will bring it home this upcoming season.

Despite a poor showing in last season's playoffs and the loss of Steve Yzerman to retirement, the Detroit Red Wings are early favourites at this online sportsbook with wagering odds of 6-1. The Wings will look to offensive powerhouse Pavel Datsyuk and newly appointed captain Nicklas Lidstrom to lead one of the league's most prominent franchises.

Always a threat are the Ottawa Senators, with newly acquired goaltender Martin Gerber from the Stanley Cup champion ,Carolina Hurricanes. The Sens are second best in the rankings at a 7-1 bet, and odds makers at this sportsbook are optimistic that the Ottawa squad will fare better than last season's Eastern Conference semi-final upset to the Buffalo Sabres.

Also worth noting are the defending Stanley Cup champs Carolina Hurricanes, a 10-1 bet to repeat. Behind the Canes are the New Jersey Devils, Calgary Flames, Buffalo Sabres, Philadelphia Flyers, and Anaheim Mighty Ducks all sit at 12-1. In the basement are the Washington Capitals, Chicago Blackhawks, and St. Louis Blues who all have 100-1 odds to win.

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MySportsbook.com: NBA Championship Odds

With the playoffs about two months away, the top two teams in the Western Conference are the clear cut leaders to win the NBA Championship. The Dallas Mavericks have the best record in the NBA (44-9) and have been absolutely scorching since the second week of the season.  What makes the Mavs’ record more impressive is the fact that they dropped their first four games of the season.  Currently they have won 17 out of their last 18 and are MySportsbook.com’s favorite (2-1) to win it all.  Right behind the Mavs are the Pacific leading Phoenix Suns (39-13).  Last season, the Suns lost in the Conference Finals to non-other then the Mavericks four games to two.  Of course the Suns were without center Amare Stoudemire who has is averaging 19.9 PPG and 9.5 RPG since coming back from his knee injury.  Unlike the Mavs, the Suns have struggled a bit lately having lost their last three and four out of their last seven.  Of course the main reason for their three straight loses is due to the absence of two time MVP Steve Nash, who is out with a shoulder injury.  Heads-up, the Mavs have beaten the Suns in both of their meetings this season.

In the Eastern Conference, the Pistons (32-19) are the favorites to win it all at 6-1. The addition of Chris Webber seems to have been a good move for the Pistons.  Since coming over from the 76ers, Webber has averaged 13.1 PPG and 7.3 RPG and the Pistons are 11-4.  Even though the defending champion Heat are currently on the playoff making cusp, they are the Eastern Conference team that is getting the most action to win it all (9-1).  The fact that Shaquille O’Neal is back in the starting lineup after missing 39 games probably has something to do with this.  No doubt, Shaq makes a difference when in the lineup as their winning six out of their last seven would indicate.

Just because it is the All-Star break doesn’t mean that you can’t bet on NBA hoops this weekend.  Be sure to log onto MySportsbook.com to bet on who you think will cut down the nets this July. Also, be sure to check out all of the lines and props for All-Star weekend.  With the highest credit card acceptance rate in the industry, there are plenty of ways to cash in on the NBA this weekend.

MySportsbook.com’s NBA Championship odds:

Atlanta Hawks 1000-1

Boston Celtics 5000-1

Charlotte Bobcats 5000-1

Chicago Bulls 20-1

Cleveland Cavaliers 20-1

Dallas Mavericks 2-1

Denver Nuggets 25-1

Detroit Pistons 6-1

Golden State Warriors 250-1

Houston Rockets 12-1

Indiana Pacers 60-1

Los Angeles Clippers 45-1

Memphis Grizzlies 5000-1

Miami Heat 9-1

Milwaukee Bucks 1000-1

Minnesota T-Wolves 200-1

New Jersey Nets 50-1

New Orleans Hornets 150-1

New York Knicks 150-1

Orlando Magic 75-1

Philadelphia 76ers 1000-1

Phoenix Suns 5-2

Portland TrailBlazers 1000-1

Sacramento Kings 250-1

San Antonio Spurs 9-1

Seattle Sonics 5000-1

Toronto Raptors 35-1

Utah Jazz 20-1

Washington Wizards 25-1

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