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New York Officials Working to Save OTB

New York Officials Working to Save OTB

State officials are working on a plan to help keep the New York City Off Track Betting Corp. from shutting by shaving up to 20% of revenue-sharing the OTB now makes to various entities, including the New York Racing Association, out-of-state tracks, and breeding programs.

Star Bright: Belmont Celebrities

Funny Cide's bid to win the Triple Crown in the Belmont Stakes (gr. I) on Saturday is turning New York into a "one-horse town." Sackatoga Stable's hero will not only bring out the equine stars to challenge him and run on the undercard, but will bring out a gaggle of luminaries from Hollywood and New York as well as heavyweights from the political arena.

New York Deal Includes Other Pari-Mutuel Provisions

A deal to bring video lottery terminals to New York racetracks with an increased slice of the pie for track operators includes other provisions, including removal of restrictions on pari-mutuel takeout. The VLT deal is expected to bring the state $165 million this year, legislative sources said.

Cornstein Re-Appointed Chair of NYC-OTB

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New York City mayor Michael Bloomberg re-appointed David Cornstein as chair of the Off Track Betting Corp. (OTB) on Jan. 10. Cornstein was first appointed to the board in 1994.

New York City OTB Gets New Boss

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New York City Mayor Michael Bloomberg has named Ray Casey, who directed the city's Trade Waste Commission, to head New York City Off-Track Betting Corp., the New York Post reported Feb. 21. Bloomberg also said the city wouldn't sell the betting corporation, at least for now.

NYRA Plans to Make New Pitch for NYCOTB

Despite plans by the new mayor of New York City to delay the sale of New York City Off-Track Betting Corp., the head of the New York Racing Association said he will make a new pitch to purchase the lucrative corporation.

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