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NY Assembly Approves Lower Purse Surcharge

NY Assembly Approves Lower Purse Surcharge

The state Senate in New York has approved a measure to pick a new private company to run the closed New York City Off-Track Betting Corp., while the Assembly has backed a bill lowering a surcharge imposed on purses.

 Wednesday, March 16, 2011
Closing of New York City OTB Delayed

Closing of New York City OTB Delayed

The New York City Off-Track Betting Corp., facing a shutdown later in the day, was given a four-day reprieve Dec. 3 when the state Senate is due back to consider passage of a bankruptcy reorganization plan

 Friday, December 03, 2010

New York OTB Seeks Merger With New York Racing Franchise Holder

New York's largest off-track betting corporation wants to be able to merge with the next holder of the state's Thoroughbred franchise to help end the "perpetual cycle of conflict'' between tracks and OTBs.

 Friday, December 01, 2006

NYRA Chief Expects Financial Tide to Turn

Newly hired New York Racing Association president and chief executive officer Charles Hayward said Nov. 22 the racing organization is close to operating in the black again.

 Monday, November 22, 2004