The nation's largest off-track betting corporation will be shut down on the night of April 11 if a deal to provide it with financial help does not come together over the weekend, officials warn.
New York's lottery director caused a bit of a stir this week when he suggested to state lawmakers that racetracks are a drag on the profitability of their racino operations - leading to less money going to the state's education budget.
With New York losing nearly $3 million a day, Gov. George Pataki Feb. 15 told legislative leaders he wants a quick resolution to a dispute that has kept casino operations from opening at Aqueduct and Yonkers racetracks.
Horse racing was called off Tuesday at two tracks in the New York area because of the threat of a snowstorm. The Thoroughbred card at Aqueduct on Wednesday also was scrapped; there was no racing at Aqueduct on Tuesday.
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