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This profile was last updated on 11/24/14  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Christopher K. Kay

Wrong Christopher K. Kay?

President and Chief Executive Off...

Local Address: Jamaica, New York, United States
The New York Racing Association Inc
Belmont Park 2150 Hempstead Turnpike
Elmont, New York 11003
United States

Company Description: The New York Racing Association, Inc. is a private, non-profit association that owns and operates the three largest racetracks in New York: Aqueduct, Belmont Park...   more
Background

Employment History

Board Memberships and Affiliations

Education

  • J.D.
    Duke University School of Law
  • B.A. , Political Science and History
    University of Missouri Columbia
190 Total References
Web References
Asked if the decision had resulted ...
www.saratogian.com, 17 Nov 2014 [cached]
Asked if the decision had resulted from pushback from those opposed to changing the length of the meet, NYRA president and chief executive officer Chris Kay said, with revealing pathos, It would be fair to say that no matter what Ive said since I started here, theres always been somebody who gives me pushback [quote from bloodhorse.com, Nov. 12].
Strategic Advisors | Penta Mezzanine Fund
www.pentamezz.com, 13 April 2014 [cached]
Christopher K. Kay | Senior Advisor
The former managing director of Universal Parks and Resorts, and the former chief operating officer for Toys "R" Us, where he implemented new business strategies, technologies, processes and disciplines throughout the entire corporation. He is also a member of the American Medical Association (AMA) Board of Trustees (BOT). Mr. Kay is the chief operating officer for the Trust for Public Land (TPL), a national tax-exempt organization that conserves land for people to enjoy as parks, playgrounds, community gardens, farms, historic places and wilderness. Mr. Kay practiced law for 24 years, handling cases ranging from complex business litigation to corporate mergers and large real estate transactions. Mr. Kay has served as a member of the board of directors of a number of charitable organizations, including the PGA Caddie Foundation (which he co-founded along with Mark O'Meara, a professional golfer), the Toys "R" Us Children's Fund, the Florida Citrus Sports Association and the Universal Studios Florida Foundation. He is a graduate of the University of Missouri and received his JD from the Duke University School of Law. He is a board-certified trial lawyer and a board-certified business litigator, as well as a fellow in the American Bar Foundation.
NYRA CEO Kay gets $250,000 ...
www.saratogian.com, 6 Aug 2014 [cached]
NYRA CEO Kay gets $250,000 bonus
...
SARATOGA SPRINGS>> New York Racing Association has approved a $250,000 performance bonus for President and CEO Chris Kay, who joined the firm July 1, 2013.
Kay was hired at a base salary of $300,000 with an opportunity to earn the bonus based on achievement of predetermined incentives set by NYRA Chairman Dr. David Skorton and NYRAs Compensation Committee, chaired by Vincent Tese.
...
Published reports say Kay also received a 3 percent raise in addition to his bonus, meaning his total pay exceeds $550,000.
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Wait said Skorton had final say about whether Kay should receive the $250,000 bonus, after reviewing recommendations from the boards Compensation Committee.
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Kay could not be reached for comment regarding specific requirements for achieving the bonus.
Prior to hiring Kay, NYRA had been without a CEO since May 2012 when Charles Hayward was let go.
...
Kay, a 61-year-old attorney, was chosen for the NYRA job last year from a field of more than 100 candidates. Before joining NYRA, he was most recently chief operating officer of the San Francisco-based Trust for Public Land, a national conservation organization, and previously held the same job for Toys R Us, a Fortune 500 company.
Kay spent considerable time at Wednesdays meeting, held at Saratoga National Golf Club, outlining various accomplishments during his first year on the job.
...
SARATOGA SPRINGS, N.Y. - Noting that the reforms and initiatives that we have collectively implemented are beginning to generate real, tangible results, The New York Racing Association, Inc. (NYRA) CEO and President Chris Kay delivered a positive and forward-looking report at this mornings Board of Directors meeting.
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Kay welcomed the organizations newest Board Member, Marc Holliday.
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Kay noted that it has been nearly two years since a confluence of events led New York State Governor Andrew M. Cuomo to direct the formation of a temporary, publically controlled body - the NYRA Reorganization Board - tasked with transforming the New York Racing Association into a model of accountability, efficiency and sustainability.
...
Kay outlined an overview of the actions taken by the Board of Directors and the management team in partnership with the State of New York and the Gaming Commission since that time; all in a continuing, successful effort to safeguard the integrity of business and racing operations, while growing the sport to attract a new generation of horseplayers and fans.
...
Kay outlined the success of the 2014 spring/summer Belmont Meet. Despite running two fewer days, total and on-track year-over-year handle and attendance increased at the 2014 Belmont Park spring/summer meet, which ran 54 days from May 1 through July 13. All-sources handle on NYRA races was $592 million, up 4 percent from $569.6 million in 2013. On-track handle on NYRA races was $84.6 million, up 8 percent from $78.5 million in 2013.
Additionally, Kay reviewed the success of the organizations two must-see events at Belmont Park. In addition to Belmont Stakes Day, which set records for handle and featured a revamped, enhanced race card featuring 10 graded stakes races with $8 million in purses, the New York Racing Association debuted a second such event over the 4th of July weekend -Stars & Stripes Day. With $3.25 million in purses and five stakes races, this festival featured an enhanced racing card, in addition to family-friendly activities and a food truck showcase. Belmont attendance for those three days rose 33 percent, and total handle rose 18 percent over last year.
Kay provided a status update on this years Saratoga Meet, which is off to a strong start. Through the first week of the Meet, on-track attendance is up 10 percent over last year, on-track handle is up five percent over last year, and per-capita spending on food, beverages and other incidentals is up 19 percent over last year. Further, Kay recognized Stewarts Shops for its new, successful partnership which resulted in the sale of season passes more than quadrupling over the previous year.
Finally, Kay provided an update on the organizations preparations for re-privatization by 2015. This includes the development of a three-year financial plan and potential utilization of real estate assets. He noted that progress is continuing in this area, with further updates to be provided to the board in the coming months.
NYRA appoints ...
www.onlinecasinonews.com, 20 June 2013 [cached]
NYRA appoints Kay
By staff
The New York Racing Association (NYRA) incorporated has announced that its board of directors has unanimously approved the appointment from next month of Christopher Kay as its new President and Chief Executive Officer.
...
"After a careful search involving many highly qualified candidates, we are delighted to select Chris as our new President and Chief Executive Officer," said David Skorton, Chairman for the NYRA.
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For six years from 2001, Kay served as Chief Operating Officer for Toys 'R' Us and was previously the retailer's Operations Executive Vice-President and General Counsel.
New York Racing Association Chief ...
www.standardbredcanada.ca, 14 Nov 2014 [cached]
New York Racing Association Chief Executive Officer and President Christopher Kay introduced several potential elements of a re-organization plan. This included incorporating best practices for governance as employed by Fortune 500 companies and successful not-for-profit organizations, as well as a potential three-year business plan.
...
"As you may recall, we called for an operating surplus of $250,000, exclusive of the VLT funds, for our operating budget when we came to you last December," Kay stated to the board. "I'm pleased to be able to report to you that we will do much better than that, perhaps six times better than that, with a projected surplus in the neighborhood of $1.5 million for 2014."
Kay added the projected surplus for 2015 would be greater than that of 2014, and the projected increase of surplus for 2016 would be greater than in 2015.
"Our business plan reflects a business headed in the right direction," he said.
Additionally, Kay added that the 2015 budget would reflect a six-day-a-week schedule for Saratoga Race Course, beginning on July 24 and finishing on September 7, contingent on approval from the New York State Gaming Commission.
After having consulted with various stakeholders, Kay said it would not be appropriate for the current transitional board to make any long-term decisions on the real estate holdings. He noted that NYRA has made significant changes to Aqueduct Racetrack, devoting more than $14 million in capital improvements over the past 18 months.
The final piece of a reorganization plan, said Kay, involves potential amendments to specific laws and/or applicable regulations, adding that he was encouraged by the working relationship between the New York Racing Association and the Gaming Commission.
Kay thanked the board members for their ideas, their talent and their commitment to the process. He expressed the belief that their collective efforts will result in a re-privatization plan that will give the New York Racing Association a better future; one that will permit NYRA to continue to play a major role in providing significant economic impact - and jobs - in the horse racing industry in New York.
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