08/05/2002 11:00PM

New York, Del Mar in pact


SARATOGA SPRINGS, N.Y. - Del Mar Thoroughbred Club and the New York City Off-Track Betting Corporation have reached a three-year agreement for New York City OTB to accept simulcast wagering on Del Mar races.

The deal ends a two-year stalemate between the racetrack and New York City OTB, with the two unable to reach an agreement on the rate for the signal. Del Mar had contended that New York City OTB was seeking to pay well below market price for the signal, one of the most popular in the country.

Craig Fravel, executive vice president of Del Mar, said Tuesday that "it will be nice to back on the New York network and in the New York market." New York OTB operates 75 parlors and takes in more than $1 billion in wagers annually. Fravel declined to provide additional terms of the agreement.

Earlier Tuesday, Ray Casey, president of New York City OTB, said the corporation intended to better serve its customers. Later, in a statement, he said "New York horse-racing fans have told us they would like to wager on Del Mar."

New York City OTB is not allowed to take Thoroughbred signals after 7:30 p.m. because of restrictions designed to protect harness racing. Del Mar has a first post of 5 p.m. Eastern every day except Friday, when post time is 7 p.m. Eastern.