STATEMENT FROM DR. DAVID J. SKORTON
CHAIRPERSON, BOARD OF DIRECTORS
THE NEW YORK RACING ASSOCIATION
"The New York Racing Association is a far different organization than it was two years ago when Governor Cuomo and legislative leaders appointed a new Re-Organization Board of Directors, comprised of subject matter experts and others. In addition, the new Re-Organization Board's Audit and Compliance Committee is led by New York State's first Inspector General, Joseph Spinelli, and that committee has instituted new internal audit policies, procedures and controls.
"In addition, the new Re-Organization Board has also transformed the management of thoroughbred racing in New York State by appointing a new CEO. The CEO has recruited a new executive team, including a new General Counsel, a new Chief Compliance Officer and other key executives with no connection to these events cited by the Inspector General.
"The new management team has already instituted sweeping changes that coincide with the Inspector General's recommendations. Our new Re-Organization Board of Directors and senior management team share a steadfast commitment to greater transparency, compliance and accountability.
"The Re-Organization Board of Directors and new management team have - and will continue to work in collaboration with the State of New York and the Gaming Commission. This is important, as we promote the vitality of a sport that generates more than $2.1 billion in economic impact across New York State, and is responsible for creating more than 17,400 jobs for New York State residents.
"We thank the Inspector General for her professionalism and guidance."