Otb

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NY Breeders Group Issues Warning

The New York City Off-Track Betting Corp.'s bankruptcy petition and attempt to alter how it funds the industry risks undermining the state's already hard-hit breeding programs, New York's leading breeding group is warning.

Commentary: Get the Door, Please

By Dan Farley - I was intrigued when I read in Daily Racing Form that of the top 30 finishers in a recent million-dollar handicapping contest in Las Vegas sponsored by the National Thoroughbred Racing Association, six were women.

Fair Grounds to Open Five OTB Locations

  • News

Fair Grounds Race Course will open five of its Finish Line off-track betting locations Oct. 26, Fair Grounds President and General Manager Randall Soth announced Monday. Four of the OTBs reopening also offer video poker.

Ninth Colonial OTB Approved

The Virginia Racing Commission May 25 approved an application for Virginia's newest satellite wagering facility near Weber City, which is in Scott County in southwestern Virginia.

NYRA Claims $3.5 Million Undercutting by OTB

The New York Racing Association is filing paperwork stating its intent to sue the New York City Off Track Betting Corporation for undercutting simulcasting fees, the latest in a long line of tussles between the two influential industry groups.

Cornstein Re-Appointed Chair of NYC-OTB

  • News

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.

Rotten Apple

By Ray Paulick -- If the privatization of the New York City Off-Track Betting Corporation was a horse race, the inquiry sign would have lit up immediately after the city's mayor, Rudolph Giuliani, on Aug. 2 announced the bureaucracy would be sold to a group headed by Frank Stronach's Magna Entertainment and Bob Green's Greenwood Racing.

NYRA Employees Indicted; Giuliani Cancels News Conference

Four New York Racing Association employees have been indicted as part of a probe by state investigators into an alleged money laundering operation. New York City Mayor Rudolph Giuliani cancelled an 11 a.m. news conference at which he was to announce a group led by Magna Entertainment had won the purchase rights to the New York City Off Track Betting Corp.

NYCOTB, Standardbred Tracks at Odds

State racing regulators have begun investigating a nasty new battle between the New York City Off Track Betting Corp. and Monticello Raceway and Vernon Downs after the big betting outfit suddenly stopped simulcasting races from the two upstate Standardbred tracks.

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