NEW YORK - The outgoing president and COO of the New York Racing Association believes the organization should attempt to reenter the New York City market by offering an upscale offtrack betting model, but believes it would require regulatory change to do so.
Ellen McClain, who last month announced her resignation from NYRA, said Wednesday at the NYRA Reorganization Board of Directors meeting that there is an opportunity to recapture about $200 million in handle lost when New York City Off-Track Betting closed in December 2010.