Keyword: New York City

  • Audit: New York OTBs in Financial Peril

    New York's top fiscal watchdog said payments to racetracks, competition from advance deposit wagering entities, and sharply rising simulcast fees are contributing to increasingly perilous finances at five OTB corporations.

  • NY Lawmaker: Return Betting to City Bars

    Using the Kentucky Derby Presented by Yum! Brands (gr. I) to make his point, New York Assemblyman Micah Kellner, who represents Manhattan, railed on officials for not moving to offer offtrack betting at bars in New York City.

  • NYC OTB Workers in Line for Pay Hikes

    More than 1,000 unionized workers at New York City Off-Track Betting Corp. are in still in line for pay hikes and severance deals but won't be paid until a long-term agreement is made.

  • Aqueduct Casino Project Finally Approved

    New York state officials finally gave Delaware North approval to build and operate a video lottery casino at Aqueduct. The racetrack will house New York City's only legal casino, which could generate tens of millions for purses and breeders' awards.

  • New Plan Has State Running NYCOTB

    Negotiators are eyeing a plan to have the state of New York take over the running of New York City Off-Track Betting Corp., which is threatening to shut down this weekend unless a revenue sharing structure is changed.

  • Belmont Bash Will Benefit Equine Research and Feature "Fab Faux"

    This year's Belmont Bash will be held at the historic Hudson Theatre at the Millennium Broadway Hotel in New York City June 8. Benefiting Grayson-Jockey Club Research Foundation, the Bash will feature cocktails, dinner, and musical entertainment by the Beatles tribute band The Fab Faux. Tickets are $350.

  • New York City OTB to Mark Sept. 11 Anniversary

    New York City Off-Track Betting Corp. said its two branches nearest to the World Trade Center site will be closed Sept. 11, the one-year anniversary of the terrorist attacks.

  • New York City OTB Gets New Boss

    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.

  • Schwartz on OTB Sale: It's NYRA or Nothing

    New York City Off-Track Betting Corp. falling into the hands of a consortium led by Magna Entertainment would be "an affront" to the entire racing industry, the head of the New York Racing Association charged.