Belmont Day Sets Wagering Record for NYCOTB
Belmont Day at New York City Off-Track Betting facilities set a record for the highest Belmont Day handle in the corporation's 32-year history. NYCOTB patrons wagered $8,456,289.
Keyword: new york city off-track betting corporation
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NYRA Chairman Criticizes Magna Investment in Maryland
Early in a program about the Saratoga season at the National Museum of Racing Monday night, New York Racing Association chairman Barry Schwartz criticized the recent purchase of a majority interest in the Maryland Jockey Club by Frank Stronach's Magna Entertainment.
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Schwartz Proposes Merger of NYRA, Off-Track Betting Corp.
To end the "destructive competition" and bolster revenues for both entities, the New York City Off-Track Betting Corp. should be merged with the New York Racing Association to create a new industry powerhouse, NYRA chairman Barry Schwartz said.
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Giuliani: Sell NYCOTB to Raise Revenue
New York Mayor Rudolph Giuliani is urging state lawmakers and the governor to approve his plan to sell the New York City Off-Track Betting Corp. to a Magna Entertainment-led consortium as a way to raise much-needed revenues in the aftermath of the Sept. 11 terrorist attacks.
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Rotten Apple
<i>By Ray Paulick</i> -- 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.
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Delays Could Impact New York City OTB Sale
A deal to sell the New York City Off-Track Betting Corp. still awaits final approval from New York Mayor Rudolph Giuliani, and the delay could thwart the plan for this year.
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New York OTB Deal Awaits Mayoral Approval
A deal to sell the New York City Off-Track Betting Corp. still awaits final approval from New York Mayor Rudolph Giuliani, and the delay could thwart the plan for this year.
