NYC-OTB: Understanding the phony 'crisis'

[freddymo]

Originally Posted by Stall Mucker

Be interesting to see how a bankruptcy judge handles state legislative mandated payments that NYC is supposed to pay NYRA.

This really takes the cake:
As for whether the legislature will embrace OTB's plan to change the statutes governing the company, Frucher said that the state or New York City will face a $600 million charge to completely fund the company's liabilities if they do not agree to a plan that will restore the company to financial solvency. With New York facing an estimated $9 billion budget deficit next year, it's likely that the legislature will agree to most of OTB's demands.

NY State BROKE
NY City BROKE
OTB BROKE
NYRA BROKE

Better get the SLOTS churning soon so everyone is BROKE together..

How does OTB lose money it's insane?