OTB

OTB Bankrupt: One Year Ago Paterson Claimed OTB was Permanently Fix

OTB Bankrupt: One Year Ago Paterson Claimed OTB was Permanently Fix


"The agreement ensures that the 1500 employees of the New York City OTB will keep their jobs and that the New York racing industry will continue to receive the critical financial support it gets from the New York City OTB. It is distressing to hear of the City's objection to an agreement that will meet the Mayor's long-stated demand for a permanent fix that would ensure that the City not have to subsidize New York City OTB. " June 13, 2008

New York's Sinking Economy OTB'S BANKRUPTCY OK'D Gov. Paterson issued an executive order to allow the New York City Off-Track Betting Corp. to enter bankruptcy in an effort to save the bookmaking operation from the glue *** SHUT DOWN OTB (NYP Editorial) *** OTB Is in Financial Trouble, but It’s Ready to Roll (NYT) OTB keeps a fleet of vehicles that costs more than a half-million dollars to operate each year, even as it may require a taxpayer bailout ***Paterson Grabs Sabini, Bails Out O.T.B. The New York Observer *** Queens Crap: Sabini charged with D.W.I. *** Paterson moves to revamp NYC OTB (Crains) *** OTB Will Be Restructured in Bankruptcy Court

Paterson's OTB Sink Hole Maybe it the record of governing that has turn the voters against Paterson? In June of 08 the governor bail out OTB and made John Sabini its head as part of a deal with the Queens Organization to avoid a serious primary with Hiram Monserrate Paterson Grabs Sabini, Bails Out OTB , Opposing the mayor who Citing a Drain on Profits, Bloomberg Wants to Close OTB Now we have the Monserrate problem and OTB draining the state budget You bet OTB is hurting , Monserrate Senate Query Takes Shape

OTB Keeping Politics First The little bookie that can’t OTB is probably the best argument out there against any government-run gambling operations (NYP Ed) Paterson's OTB Sink Hole Maybe it the record of governing that has turn the voters against Paterson? In June of 08 the governor bail out OTB in a takeover from the city and made John Sabini its head as part of a deal with the Queens Organization to avoid a serious primary with Hiram Monserrate Paterson Grabs Sabini, Bails Out OTB , Opposing the mayor who Citing a Drain on Profits, Bloomberg Wants to Close OTB Now we have the Monserrate problem and OTB draining the state budget You bet OTB is hurting , Monserrate Senate Query Takes Shape

Horse Head in Bed Message Again In 2007 Eliot Spitzer ruled that that the New York Racing Association (NYRA) continue to do what it’s done for more than 50 years—run thoroughbred racing at Saratoga Race Course, Belmont Park and Aqueduct. Many members in the legislature had their own campaign contributors who they want to run the state's racetracks. This split campaign contributor pay to play perks for New York's elected officials has continued with into the Paterson administration and is the main reason why a vendor for slot machines has not been chosen for Aqueduct, while the state continues to lose about a million a day in need tax revenues . State comptroller chosen by the legislature has delivered the horse head right into the bed of the NYRA, with the hope of removing them from running the tracks. This fight is about serious money, where the only winner are the elected officials on the winning side and they campaign contributors who get the contract. The public spin fight is about control. The NYRA says it was running out of cash and may be forced to cancel the storied Belmont Stakes set for June 5. DiNapoli is skeptical and wants to know what happened to the millions of taxpayer dollars the financially ailing group got while waiting to open video lottery terminals at Aqueduct. New York Racing Association will receive subpoena to turn over books to auditors in Belmont crisis *** State Comptroller Subpoenas Racing Association More Play to Pay for Albany and the lobbyist Hurdles remain for NY tribe's Long Island casino ***PM NYRA responds to DiNapoli