Keyword: raymond casey

  • New York City OTB President Resigns

    The financially struggling New York City Off-Track Betting Corp. has accepted the resignation of its long-time president, and quickly filled his job with a replacement making nearly 10 times as much.

  • 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.

  • Non-Carryover Pick Six Takeout Drops; OTB Balks

    As some lawmakers and off-track betting corporations push for an increase in pari-mutuel takeout, New York regulators March 30 agreed to lower the takeout on certain pick six wagers at New York Racing Association tracks.

  • Takeout Rates Again Fuel Conflict in New York

    Pari-mutuel takeout wars have begun in New York, where a state senator has introduced legislation to increase the amount the New York Racing Association keeps on wagers. Though the measure's sponsor said the takeout hike is needed to help stop NYRA's financial bleeding, NYRA chairman Barry Schwartz insists the legislation would turn off bettors and decrease purses.

  • New York OTB Rejoins NTRA

    The New York City Off Track Betting Corporation (NYCOTB) has rejoined the National Thoroughbred Racing Association.

  • 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.

  • New York City OTB and Churchill Downs Team Up in Mystery Voucher Giveaway

    The New York City Off-Track Betting Corporation and Churchill Downs are teaming up to giveaway 2,500 "mystery vouchers" on April 25. The vouchers will be distributed in front of NASDAQ headquarters at 43rd St. and Broadway before the opening of the market. Raymond Casey, president and CEO of NYCOTB and Tom Meeker, president and CEO of Churchill Downs, will assist in the giveaway.

  • 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 Chief Has Plans for Operation

    On the sales block just a year ago, New York City Off-Track Betting Corp. is shedding its fire-sale image and moving ahead with plans to bring back bettors and forge new ties with racetracks, its new president said.

  • New York City OTB Has Big Belmont Day

    New York City Off-Track Betting Corp. had the second-biggest day in its history on June 8, Belmont Stakes Day, with total handle of $7,850,099.