Keyword: NYCOTB

  • 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.

  • Off Track Betting

    Suffolk OTB Files for Bankruptcy Protection

    Three months after the closure of the state's largest off-track betting corporation, Suffolk Regional OTB has now gone through with its threat to seek Chapter 9 bankruptcy reorganization protection.

  • New York City OTB

    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.

  • Judge Dismisses NYCOTB Bankruptcy Case

    A federal bankruptcy judge Jan. 25 dismissed the shuttered New York City Off-Track Betting Corp.'s Chapter 9 bankruptcy case, rejecting a motion by a union representing more than 1,000 fired workers.

  • New York Racing Association President Charles Hayward

    New Push For New York Off-Track Betting

    Seeking to make long-stalled legislative gains in the aftermath of the New York City Off-Track Betting Corp.'s shutdown, a number of racing interests are stepping up efforts to create a single, statewide OTB network.

  • NYRA Defends Raises; Others Question Timing

    The New York Racing Association board of directors awarded raises to several hundred non-union employees -- a day after threatening bankruptcy if a controversial bill involving New York City Off-Track Betting Corp.

  • Bettors Rapidly Closing NYCOTB Accounts

    Despite a furious push into the night Dec. 9 by unions to get the state Senate back to Albany to try another vote, the New York City Off-Track Betting Corp. remains closed with bettors fleeing its ADW accounts by the hour.

  • New York State Racing and Wagering Board chairman John Sabini

    NYSRWB Takes Action in Wake of OTB Shutdown

    The New York State Racing and Wagering Board pushed through new emergency rules to make it easier and quicker for NYCOTB bettors to sign up with internet and phone wagering platforms at the state's other OTBs.

  • Battle Between NYRA, OTBs Resurfaces

    With the future of the New York City Off Track Betting Corp. up in the air, the New York Senate returned to the Capitol to find itself in the middle of a long-standing battle between tracks and OTB corporations.

  • New York City OTB

    NYCOTB Could Be Reprieved by Senate

    The New York City Off-Track Betting Corp. could get a last-minute reprieve from its threatened shut-down Dec. 3, following a promise by the New York state Senate to take up a reorganization bill for the state-owned entity.

  • Off Track Betting

    Shut-Down Approved for NYCOTB

    The New York City Off-Track Betting Corp. board of directors Dec. 1 approved a resolution to shut down the betting giant, affecting 1,000 workers and leaving an uncertain future.

  • New York City OTB

    NYCOTB Could Close Dec. 3

    If New York senators don't approve a reorganization plan, the country's largest off-track betting operation will run out of money. Closing NYCOTB will mean 1,034 people will lose jobs.

  • New York City OTB

    NY Senate Walks; NYCOTB May Shut Down

    State legislators failed to pass a plan Nov. 29 to reorganize the New York City Off-Track Betting Corp. The Assembly could pass the measure but state senators have left town. NYCOTB is expected to issue pink slips.

  • New York OTB

    NY Officials Threaten to Close OTBs

    State officials threatened to close the New York City Off-Track Betting Corp. as early as next month, creating "chaos" and costing the racing industry thousands of jobs.

  • Tentative ADW Deal Reached in New York

    A tentative deal has been reached to let the New York Racing Association and other tracks take over the advanced deposit wagering system now run by the giant New York City Off-Track Betting Corp.

  • New York OTB

    Battle Lines Drawn in NYCOTB Reorganization

    Officials said they are close to a deal to try to bring New York City Off-Track Betting Corp. out of bankruptcy protection, but that a final agreement is being blocked by several harness tracks in the state.

  • NYCOTB Chairman Said to Have Resigned

    The head of the embattled New York City Off-Track Betting Corp. has resigned at a time when the betting giant is attempting to create a financial survival plan, sources close to the matter said the evening of June 4.

  • NYRA Seeks State Loan; NYOTB Cuts Staff

    NYRA may get a $17 million loan to help its cash crunch. Meanwhile, New York Off-Track Betting on April 23 cut 35 employees from his staff as it works through bankruptcy reorganization.

  • NYCOTB Bailout Deal Goes Up in Smoke

    An effort to bail out New York City Off-Track Betting Corp. collapsed April 14, leaving uncertainty over whether the betting giant will have to close its doors the weekend of April 17.

  • Lawmakers Working on NYCOTB Deal

    Negotiators are closing in on a deal to keep the money-losing New York City Off-Track Betting Corp. alive for another year, but last-minute sticking points have been jamming up a final agreement the past 24 hours.

  • New York OTBs Will Stay Open Another Week

    The Board of Directors of the New York City Off-Track Betting Corp. announced April 9 a temporary suspension of its planned layoffs of the organization's more than 1,300 employees, which was set to take effect April 11.

  • New York's OTB Facing April 11 Shutdown

    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.

  • NYCOTB to Close Down April 11

    Officials in New York have failed to agree on a bailout plan for the New York City Off-Track Betting Corp., which issued layoff notices Friday to its 1,300 workers as it prepares to close down April 11.

  • Facing Deadline, New York Seeks NYCOTB Fix

    A plan quietly floated to let the New York Racing Association take over management of the internet and phone wagering business at the struggling New York City Off-Track Betting Corp. has been rejected by Gov. David Paterson.

  • NYCOTB Asks For Help From Tracks, State

    With talks to avoid a shut-down of its operations so far stalled, NYCOTB has floated a plan to state officials to permit it to withhold certain payments to tracks and others to remain solvent the next three months