NYC OTB: Court dismisses bankruptcy case..

[Kasept]

STATEMENT OF RWB REGULATOR JOHN SABINI ON NYS SENATE OTB VOTE

New York State Racing and Wagering Board Chairman John D. Sabini issued the following statement today in reaction to the defeat of legislation by the New York State Senate that would have provided immediate relief to the New York City Off Track Betting Corp.:

“A pebble hitting the water causes a ripple – but this is a boulder hitting the pond. The $840 million in total handle reported by New York City OTB in 2009 represented nearly 40 percent of New York’s total racing handle of $2.2 billion. Now, not only will NYC OTB workers lose their jobs, but every segment of the racing industry – from feed store owners to horsemen to those who board the equine athletes – will feel negative consequences. Every county in New York State will experience an adverse impact.

“New York racing is a premier product nationally. It is critical that each segment of the industry look long and hard at their role at making the sport adapt to the entertainment and economic realities of 2011. The Racing and Wagering Board will conduct a meeting at 12 p.m. noon tomorrow, December 8, at our Schenectady office to consider emergency measures to allow our stakeholders to better adapt to the market realities in a post NYC-OTB environment.”

Where is teh Santa?

[freddymo]

Originally Posted by Kasept

STATEMENT OF RWB REGULATOR JOHN SABINI ON NYS SENATE OTB VOTE

New York State Racing and Wagering Board Chairman John D. Sabini issued the following statement today in reaction to the defeat of legislation by the New York State Senate that would have provided immediate relief to the New York City Off Track Betting Corp.:

“A pebble hitting the water causes a ripple – but this is a boulder hitting the pond. The $840 million in total handle reported by New York City OTB in 2009 represented nearly 40 percent of New York’s total racing handle of $2.2 billion. Now, not only will NYC OTB workers lose their jobs, but every segment of the racing industry – from feed store owners to horsemen to those who board the equine athletes – will feel negative consequences. Every county in New York State will experience an adverse impact.

“New York racing is a premier product nationally. It is critical that each segment of the industry look long and hard at their role at making the sport adapt to the entertainment and economic realities of 2011. The Racing and Wagering Board will conduct a meeting at 12 p.m. noon tomorrow, December 8, at our Schenectady office to consider emergency measures to allow our stakeholders to better adapt to the market realities in a post NYC-OTB environment.”

tear

[herkhorse]

http://www.youtube.com/watch?v=KS2khYJZKwA

[richard]

This should be a call for 21st century improvements to wagering . What about the idea of co-mingling races, harness and flat , within the Quik Draw channel ? Or a daily pick 9 lotto on race days ? The bets should be, as I read here before, exclusive to these bets . Like the pick 9 should be all 4 th place horses, something the tracks don't offer . Maybe a reverse super , or exacta or tri for the daily races or pick the exact order of finish for all the runners .

You've got wifi, internet, phones to access all standard wagers. There are solutions .

[Alan07]

Statement from Governor David A. Paterson

http://readme.readmedia.com/Statemen...terson/1792788

[Storm Cadet]

Thats some statement from his press office: maybe what he should have stated was I am sorry as well as the past three administrations for dicking along the VLT's for NYRA for 10 years assisting to the decaying state of racing and the 1,026 employees of NYC-OTB.

Originally Posted by richard

This should be a call for 21st century improvements to wagering . What about the idea of co-mingling races, harness and flat , within the Quik Draw channel ? Or a daily pick 9 lotto on race days ? The bets should be, as I read here before, exclusive to these bets . Like the pick 9 should be all 4 th place horses, something the tracks don't offer . Maybe a reverse super , or exacta or tri for the daily races or pick the exact order of finish for all the runners .

You've got wifi, internet, phones to access all standard wagers. There are solutions .

And more fluff pieces on decent looking women buying their first pony.

[richard]

tale of the handle @ Aq
1st race today $277,027...Thursday 12/2 $353,256
2nd $450,437...$447,214
3rd $483,541...$538,156
4th $506,269...$595,284
5th $710,782...$680,870
6th $635,790...$575,389

total handle for 12/2 was on track $475,393
intr-state $1,350,069
inter-state $3,832,800

total 12/8 on track $483,235
intra state $862,361
inter state $4,040,287

total 12/9 on track $536,360
intra state $822,361
inter state $3,883,443

http://www.thoroughbredtimes.com/nat...migrating.aspx

[Alan07]

The New York Racing Association is working on a number of initiatives it hopes can make up for an estimated $33 million shortfall in revenue for the company and purses caused by the shutdown this week of New York City Off-Track Betting Corp.

NYRA plans to open its own OTB parlor at Belmont Park beginning Sunday, has asked the state to allow for video-streaming of its races on the Internet, and hopes to make a deal with the city to put its races back on the television station formerly utilized by NYCOTB.

http://drf.com/news/nyra-makes-plans...ed-otb-closure