From the Daily News:
The agency that runs the state's major thoroughbred racetracks says it will close them down on June 9 unless lawmakers agree to a bailout.
The New York Racing Association, which operates the Belmont, Aqueduct and Saratoga tracks, made the announcement Friday after sending out layoff notices to its 1,400 employees.
The financially beleaguered NYRA said it would "begin the implementation of plant closures" at the tracks on June 9 - three days after the prestigious Belmont Stakes.
"NYRA continues to pursue solutions with the state of New York that may avert the cessation of operations," NYRA said in its statement.
The Belmont meet is scheduled to end on July 18. The storied Saratoga season runs from July 23 through Sept. 6.
UPDATE: Crisis averted!