Keyword: off-track betting

  • 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.

  • 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.

  • NJ Report: More Questions Than Answers

    A transition committee has submitted a report that recommends statewide consolidation of the New Jersey horse racing industry, shorter Thoroughbred meets at Monmouth Park, and the opening of more off-track betting parlors.

  • NY OTBs Ordered to Pay Harness Track Millions

    New York's rules governing racetrack and off-track revenue-sharing took another twist Dec. 15 as state racing regulators ordered four downstate off-track betting corporations to pay millions of dollars to Yonkers Raceway.

  • Ellis Park

    Ellis Park to Suspend Simulcast Operations

    Ellis Park officials said Oct. 27 the racetrack will shut down after Nov. 8 and suspend simulcast operations until April 1, 2010. The move affects 75 full- and part- time employees at the Western Kentucky track.

  • NYCOTB Changes Needed to Avoid Insolvency

    The New York City Off-Track Betting Corp., which is now controlled by the state government, is facing insolvency unless it can get its financial affairs in order, state Comptroller Thomas DiNapoli reported Aug. 14 in a long-awaited audit.

  • Nassau Regional OTB to Show Saratoga Racing

    At the urging of the New York State Racing and Wagering Board, the New York Racing Association July 29 -- opening day of the Saratoga meet--authorized restoration of its televised signal to the in-home distribution network of Nassau Regional Off-Track Betting Corp.

  • Colonial Downs

    Colonial Trims Staff, Closes OTB Parlor

    Colonial Downs may be looking for a manager to operate its live Thoroughbred and harness meet after releasing general manager Iain Woolnough Nov. 10. It also closed one of its nine off-track betting parlors in Virginia.

  • It's Official: State Takes Over NYCOTB

    New York officials announced the evening of June 15 a deal to avert the closure of New York City Off-Track Betting Corp. by having the state take over the entity. The move could be a prelude to a statewide consolidation of all OTB corporations.

  • NYCOTB Takeover Plan Appears Likely

    Negotiators in New York the afternoon of June 13 were putting the final touches on legislation in which the state would take control of the New York City Off-Track Betting Corp., thereby averting a shutdown of the city's betting operations for the weekend.

  • New York Horsemen Oppose OTB Proposal

    The New York Thoroughbred Horsemen's Association said June 4 it recognizes the contribution made to purses by New York City Off-Track Betting Corp. but won't support a proposal that would reduce the amount NYCOTB pays to purses and the New York Racing Association.

  • Compromise Urged on New York City OTB

    With the clock ticking on the closure of the New York City Off-Track Betting Corp., officials from the Bloomberg administration are stepping up their calls for industry stakeholders to compromise on a bill or face the loss of more than $100 million in OTB distributions.

  • TOC: Partial Signal Consent Given

    The Thoroughbred Owners of California has given limited consent to New York's off-track betting corporations to accept wagers on California races, but is holding firm on its stance against allowing wagers from the companies'out-of-state account deposit wagering customers.

  • New York OTB Could End in June

    The New York City Off-Track Betting Corp. will cease operations June 16 unless state officials provide regulatory relief before then, according to a Jan. 16 report to the corporation's board of directors.

  • Greenwood's Handel to Focus on Jersey Operations

    Harold G. "Hal" Handel, chief executive officer for Greenwood Racing, Inc. since 1998, has left his day-to-day duties at Philadelphia Park Casino & Racetrack and assumed responsibility for Greenwood's New Jersey operations, which include the revitalization of Atlantic City Race Course.

  • No Gulfstream Signal for New York OTB Parlors

    With the Florida Horsemen's Benevolent and Protective Association seeking a higher rate for the Gulfstream Park signal, and the existing rate governed by a contract with the racetrack, the six off-track betting corporations in New York didn't carry the Jan. 3 opening-day program from the South Florida racetrack.

  • Breeders' Cup Signal Withheld From Indiana OTB Parlors

    Breeders' Cup officials are working with Churchill Downs and the Kentucky Horsemen's Benevolent and Protective Association to ensure wagering on this year's World Championships is available at two Indiana off-track betting parlors near the Kentucky border.

  • Legislators to NJSEA: Move Faster on OTB Network

    The New Jersey Assembly stepped up the pressure on the New Jersey Sports and Exposition Authority May 22 when it passed a resolution urging the agency to open off-track betting parlors that were authorized by a 1998 constitutional amendment legislatively enacted in 2001. Not one parlor has been built to date.

  • 'Friends' Releases Legislative Proposal for Racing

    New York should permit public and private partnerships to bid on the New York Racing Association franchise, allow bettors to wager via computers, introduce frequent-betting rewards programs at tracks, and approve the merger of the state's off-track betting corporations, according to an ambitious legislative package proposed March 9 by Friends of New York Racing.

  • Indiana Legislation Targets Incoming Simulcasts

    Legislation to be considered by the Indiana Senate would mandate that incoming simulcasts be made available to all wagering outlets in the state or not be available at all. The bill was reported out of the Senate Committee on Homeland Security, Utilities, and Public Policy Jan. 24.

  • Meeker Optimistic about Future of Fair Grounds

    Churchill Downs Inc. president and chief executive officer Tom Meeker said that in the weeks since Hurricane Katrina devastated CDI-owned Fair Grounds in New Orleans, the company has been working with federal, state, and local governments on a reinvestment plan that could include revamping the historic racetrack into a tourist destination.

  • FNYR Study, OTBs Differ on Health of System

    Revenue to localities in the six off-track betting regions in New York is down more than 50% from 2000 to 2004, according to the results of a study commissioned by Friends of New York Racing, the organization that seeks to build a better economic model for the pari-mutuel industry in the Empire state. Two OTB corporations, Capital and New York City, have issued responses to the report, which they believe doesn't tell the whole story.

  • Kentucky OTB Parlor to Mark 10th Anniversary

    Kentucky Off-Track Betting's facility in Pineville will celebrate its 10th anniversary this weekend of Sept. 2-4. More than $51 million has been wagered at the facility since it opened in 1995.