Faced with a shortfall of more than $3.6 million it has not been paid by New York City OTB, Finger Lakes has slashed overnight purses by 12 percent and eliminated four stakes from its 2010 schedule.
In a release issued Friday afternoon, Chris Riegle, Finger Lakes president and general manager, said the track was left with no other option than to make drastic cuts after NYCOTB would not cooperate and make payments that are mandated by New York statutes.