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OTB Has Bad Odds to Stay Open
By
Sabrina Jaszi
Published Jan 26, 2010
Modified Jan 26, 2010
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By
Sabrina Jaszi
Published Jan 26, 2010
Modified Jan 26, 2010
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To keep tickets rolling out, NY off-track betting has tried appealing to the state and even hired sexy dancers—still, unless its bid for bankruptcy is approved the organization says it will be done for by the end of March, leaving 1,400 unemployed. The New York Racing Association, for whom OTB is an important customer, says it's "monitoring the situation closely" but another organization has dismissed the announcement as a "hollow threat." "NYC OTB used the same trick in 2008, the last time they went bankrupt," said New York Thoroughbred Breeders Executive Director Jeffrey Cannizzo. But Robert Garry, the OTB's chief financial officer, insists his organization will be broke by early April and in heavy deficit mid-month, reported the NY Daily News. This means the ticket stoopers might have to find real jobs, too!
Tagged
bankruptcy
betting
gambling
horse racing
New York Racing Association
Off Track Betting
OTB
Sabrina Jaszi
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