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#1
10-12-2011, 09:12 AM
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NYRA pressing forward on NYC parlor opportunity
NYRA to pursue OTBs in New York City
By Matt Hegarty The New York Racing Association intends to pursue licenses to open offtrack betting parlors in New York City, according to written testimony submitted to a state senate committee by the association’s chief executive, Charles Hayward. The testimony, which was submitted to the Senate Racing, Gaming, and Wagering Committee on Tuesday, includes the strongest statements yet on NYRA’s intentions to operate OTB parlors in New York’s five boroughs, a politically charged endeavor that needs approval from city and state officials. In the testimony, Hayward contends that NYRA is best suited to operate the OTBs, and he argues against granting licenses in the city’s five boroughs to any of the five existing OTB companies in New York state, citing the dissolution last year of New York City Off-Track Betting Corp. and the bankruptcy filing this year of Suffolk OTB. “An analysis of NYCOTB, which is endemic of the other regional OTBs, demonstrates that the parlor distribution system, combined with excessive operational and legacy costs, resulted in its financial demise,” Hayward wrote. Under a decades-old law, NYRA has the authority to operate up to eight OTBs in New York City, provided it receives approval from the city and state regulators. In his testimony, Hayward said that NYRA intends to establish OTB parlors in “selected bars and restaurants” in the city so that it can “successfully recoup much of the handle that was lost” when New York City OTB closed.
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All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984. 
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#2
10-12-2011, 09:15 AM
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I hope they put one back in Playwrights in the West 30s. That was always a nice place to spend the Breeders Cup.
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Gentlemen! We're burning daylight! Riders up! -Bill Murray
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#3
10-12-2011, 09:19 AM
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It's a good idea, as long as it's NYRA running the show.
__________________
Felix Unger talking to Oscar Madison: "Your horse could finish third by 20 lengths and they still pay you? And you have been losing money for all these years?!"
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#4
10-12-2011, 09:57 AM
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The NJ and Colorado OTB models are nice. The places are decent restaurants and bars in addition to being OTB. Makes it feel more like Vegas which is nice. Used to work in NYC and would hit the one bar near South St. Ferry all the time. Kind of dumpy but fine for me.
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don't run out of ammo.
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#5
10-12-2011, 11:44 AM
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This needs to happen. Put an organization that actually has a clue what it's doing in charge, go easy on the number of locations, give track prices, and you'll see OTB in NYC flourish.
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#6
10-12-2011, 11:55 AM
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The few OTB's I've been to in New York State were all absolute disasters in every way possible.
I can't imagine how they couldn't be improved upon by anyone who is not intentionally trying to screw everything up.
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