2016 New York Laws
PML - Racing, Pari-Mutuel Wagering and Breeding Law
Article 2 - (Racing, Pari-Mutuel Wagering and Breeding Law) THOROUGHBRED RACING AND BREEDING
244 - Revocation of license or franchise.

  244.  Revocation  of  license  or  franchise.  The state racing and
  wagering board may revoke a license issued by it under this chapter or a
  franchise granted pursuant to section two hundred six of this article if
  the corporation to which such  license  or  franchise  shall  have  been
  issued,  or  its  officers or directors, shall not conduct racing at its
  track, including pari-mutuel betting on  races  thereat,  in  accordance
  with  the  terms  and  conditions of such license or franchise, with the
  rules of such board and with the provisions of this chapter; or if  such
  corporation  or  its officers or directors shall knowingly permit on its
  grounds or within  the  enclosure  of  its  racetrack,  lotteries,  pool
  selling  or  bookmaking,  or any other kind of gambling, in violation of
  this chapter or of the penal law.