Thread: NYC OTB: Court dismisses bankruptcy case..
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Old 12-06-2010, 07:52 PM
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Kasept Kasept is offline
Steve Byk
  
Join Date: May 2006
Location: Greenwich, NY
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Originally Posted by freddymo View Post
If the guy making 150k a month thought so I would think we would have said as much..These 1.8mil jobs in companies earning 12 mil a year aren't bad.
Not sure what you're saying here Freddy. The numbers that Crist and Hegarty presented, and Pretlow backs up, say that OTB basically had been breaking even WITHOUT applying the surcharge (typically worth about $12 million annually, the $1,000,000/month net).

Now fold in the $40-50 million in operational savings Pretlow proposed to Sheldon Silver, (that have gone ignored by Albany), and you can see where NYC OTB's entire premise of insolvency is bullschit.
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