NYC OTB: Court dismisses bankruptcy case..

[Alan07]

NYC OTB Bill May Not Get To The Senate Floor:
Read more: http://www.nydailynews.com/blogs/dai...#ixzz17S8OnpaS

Skelos: OTB will fail because three Dems are missing

[freddymo]

Originally Posted by Alan07

NYC OTB Bill May Not Get To The Senate Floor:
Read more: http://www.nydailynews.com/blogs/dai...#ixzz17S8OnpaS

Skelos: OTB will fail because three Dems are missing

Some special stuff...
Seems to me the rabbit is going to have to draw another line on the ground

[freddymo]

http://www.nyra.com/aqueduct/stories/Dec072010.shtml

Basically, NYRA is willing to take the hit on the NYCOTB debt if they get to keep the NYCOTB's customers. At least that is my understanding of the issue.

It looks like pandora's box has been opened..

[Alan07]

The NYC OTB bill has been reported out of committee and is heading to the NY Senate floor. It does not appear to have the votes to pass.

[parsixfarms]

Let's see what happens now, as OTB bill fails in Senate: http://www.timesunion.com/local/arti...ent-866442.php

If this is how the new Senate Republican majority is going to treat racing, it'll be more of the same old Albany games.

[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