NYC OTB: Court dismisses bankruptcy case..

[hoovesupsideyourhead]

wtf..if spitzer can be on cnn .cant the otbs stay open?

http://www.drf.com/news/new-york-otb...friday-closing

[richard]

Shut this parasite down . No more bailouts for thieves .

[Cannon Shell]

Does the $120k a month guy keep getting paid after they shutdown?

[pointman]

Does anyone know whether the Aqueduct races will be broadcast to NYC residents if there is a shutdown?

[Mustanada]

Originally Posted by pointman

Does anyone know whether the Aqueduct races will be broadcast to NYC residents if there is a shutdown?

From what I understand NYRA rangled the OTB channels in NYC

[Kasept]

Originally Posted by Mustanada

From what I understand NYRA rangled the OTB channels in NYC

Wrangled? Uh... no.

NYRA is paying the City of New York between $2,200,000-$3,000,000/year for the broadcast access.

[Cannon Shell]

Originally Posted by Kasept

Rangled? Uh... no.

NYRA is paying the City of New York between $2,200,000-$3,000,000/year for the broadcast access.

(And it's 'wrangled' for its' next misapplication.)

Small price to pay for this

[freddymo]

Originally Posted by Kasept

Wrangled? Uh... no.

NYRA is paying the City of New York between $2,200,000-$3,000,000/year for the broadcast access.

Reverse engineer the fee. How much handle does that need to produce?

[Kasept]

Originally Posted by richard

Shut this parasite down . No more bailouts for thieves .

Without insulting you or anyone else that is confused by the equation here, "What bailout"? How is 'bailout' invoked in the state senate simply OK'ing a restructuring of OTB's statutory payouts and the move of its' ADW and phone-a-bet system to the harness/thoroughbred tracks? Because that's all that is necessary here. There is no taxpayer money involved in what is required of the senate buffoons in Albany to finalize these proceedings.

[Kasept]

Latest..

New York OTB talks continue
By Matt Hegarty

Leaders of the New York Senate remain in negotiations with legislators in an attempt to build support for a bill that would allow the New York City Off-Track Betting Corporation to cancel a plan to close at the end of Friday, officials for the legislature and Gov. David Paterson said on Thursday.

[richard]

NYCOTB should be sold to private interests so that all monies owed will be repaid and paid on time in the future . I don't appreciate tax payers money being drained by a corrupt public entity . God forbid NYCOTB was given a chance to run the Aqueduct Casino .

The Big A racino was put up for bid and so should the NYCOTB .

[Kasept]

Originally Posted by richard

NYCOTB should be sold to private interests so that all monies owed will be repaid and paid on time in the future . I don't appreciate tax payers money being drained by a corrupt public entity .

Please explain where taxpayer money is being applied in any manner here. (Nor has it been previously.) In fact, the OTB corporations, while generally mismanaged and under-performing, have STILL ADDED money to state coffers, tax roles and the racing industry for decades.

[richard]

It's clear to me tax payers are being ripped off all the time by the NYCOTB . If they weren't NYCOTB wouldn't owe more than the $100,000,000 they do , and counting .

I understand that keeping NYCOTB open would probably enhance the market value of the bids for it . To simply renegotiate and "shave" all parties owed money is criminal, imo . They need to be sold so they can pay all they owe now and in the future ; imo only .