Keyword: OTB

  • Colonial Owner to Sell Off-Track Properties

    Jacobs Entertainment announced Jan. 8 the selection of Cushman & Wakefield-Thalhimer to sell the properties formerly used as off-track betting facilities in conjunction with its Colonial Downs in New Kent County, Va.

  • 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.

  • Colonial Downs

    Virginia Horsemen and Track Move Bit Closer

    While no agreement is in place and the two sides still disagree on some important details, Colonial Downs and the Virginia Horsemen's Benevolent and Protective Association have moved closer to an agreement.

  • New York Racing

    NY Lawmakers Work On Racetrack Bill

    State lawmakers in New York are trying again to get legislation approved permitting tracks and off-track betting corporations to work together on race date start times and simulcasting schedules.

  • New OTW Facility Planned for South Jersey

    Penn National Gaming Inc. has signed a lease to renovate a former restaurant in Gloucester Township and turn it into New Jersey's fifth off-track wagering facility, the company announced Jan. 16.

  • Racing-Related Bills Clear NJ Committees

    A bill authorizing small offtrack betting operations in bars and restaurants, and another measure giving Atlantic City Race Course a larger chunk of revenue from casino race books, passed New Jersey legislative committees.

  • NY Breeders Group Issues Warning

    The New York City Off-Track Betting Corp.'s bankruptcy petition and attempt to alter how it funds the industry risks undermining the state's already hard-hit breeding programs, New York's leading breeding group is warning.

  • Commentary: Get the Door, Please

    <i>By Dan Farley</i> - I was intrigued when I read in <i>Daily Racing Form</i> that of the top 30 finishers in a recent million-dollar handicapping contest in Las Vegas sponsored by the National Thoroughbred Racing Association, six were women.

  • Fair Grounds to Open Five OTB Locations

    Fair Grounds Race Course will open five of its Finish Line off-track betting locations Oct. 26, Fair Grounds President and General Manager Randall Soth announced Monday. Four of the OTBs reopening also offer video poker.

  • Ninth Colonial OTB Approved

    The Virginia Racing Commission May 25 approved an application for Virginia's newest satellite wagering facility near Weber City, which is in Scott County in southwestern Virginia.

  • NYRA Claims $3.5 Million Undercutting by OTB

    The New York Racing Association is filing paperwork stating its intent to sue the New York City Off Track Betting Corporation for undercutting simulcasting fees, the latest in a long line of tussles between the two influential industry groups.

  • Belmont Fall Meet Numbers Decline

    Daily average attendance and handle were off across the board at the recently concluded 38-day Belmont fall meet.

  • Cornstein Re-Appointed Chair of NYC-OTB

    New York City mayor Michael Bloomberg re-appointed David Cornstein as chair of the Off Track Betting Corp. (OTB) on Jan. 10. Cornstein was first appointed to the board in 1994.

  • Ray Paulick&lt;br&gt;Editor in Chief

    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.

  • New York Mayor Rudolph Giuliani postponed announcement about off-track betting corporation sale.

    NYRA Employees Indicted; Giuliani Cancels News Conference

    Four New York Racing Association employees have been indicted as part of a probe by state investigators into an alleged money laundering operation. New York City Mayor Rudolph Giuliani cancelled an 11 a.m. news conference at which he was to announce a group led by Magna Entertainment had won the purchase rights to the New York City Off Track Betting Corp.

  • NYCOTB, Standardbred Tracks at Odds

    State racing regulators have begun investigating a nasty new battle between the New York City Off Track Betting Corp. and Monticello Raceway and Vernon Downs after the big betting outfit suddenly stopped simulcasting races from the two upstate Standardbred tracks.