NYC OTB says it will shut down Friday
A day after New York’s Senate failed to act on a rescue plan, New York City Off-Track Betting Corp. announced it will close its offices “permanently” at the close of business Friday. The public benefit...
View ArticleNYC OTB board votes to shut down
New York City Off-Track Betting Corp. is moving to close the enterprise and lay off more than 1,000 employees. The unanimous vote of the OTB board came with a plea for the state Senate to return to...
View ArticleNYC OTB closing after Senate nixes rescue plan
New York City Off-Track Betting Corp. is shutting down after the state Senate rejected a plan to rescue the struggling 40-year-old bookmaking operation. A message on OTB‘s website Wednesday morning...
View ArticleChurchill Downs files to block OTB bankruptcy
Churchill Downs, the home of the Kentucky Derby, is trying to stop Suffolk’s off track betting operation from reaching the finish line for its bankruptcy filing. One of the Suffolk County Regional...
View ArticleNassau OTB still fighting to buy Wantagh parlor
The new landlord of a Wantagh betting parlor claims the tenant, Nassau OTB, is wasting taxpayers’ money in its pursuit to purchase the property. Larry Weinberger, who owns several retail properties...
View ArticleNY Legis. clears way for Suffolk OTB bankruptcy
When it comes to Suffolk Regional Off-Track Betting Corp., it looks like the on-again, off-again bankruptcy, which was scratched after objections, may be nearing the starting line once more. After a...
View ArticleWe’ll put $5 on Hosanna in the second
A NY legislator wants to allow betting on Palm Sunday.
View ArticleReport: OTBs in financial jeopardy
The comptroller's report found that total OTB wagering is down $1.2 billion during the five-year period of 2009-2013 compared to the previous five years.
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