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NYRA suspends top execs after overcharging bets scandal

1st May 2012 10:02 am GMT

The New York Racing Association (NYRA) has placed its CEO Charles Hayward and general counsel Patrick Kehoe on administrative leave following the release of a state report which claimed that approximately $8.5m was withheld from customers as a result of a wrong takeout rate applied to bets.

The actions follow the release of the New York State Racing and Wagering Board's interim report over the weekend into the matter of incorrect takeout [...]

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