Thread: State calls Bloomy bluff, gloms OTB; Takeout up 1%
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Old 06-13-2008, 02:27 PM
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Steve Byk
  
Join Date: May 2006
Location: Greenwich, NY
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Default State calls Bloomy bluff, gloms OTB; Takeout up 1%
http://news.bloodhorse.com/article/45718.htm
By Tom Precious, B-H

Negotiators in New York the afternoon of June 13 were putting the final touches on legislation in which the state would take control of the New York City Off-Track Betting Corp., thereby averting a shutdown of the city’s betting operations for the weekend.

A deal could be announced later in the afternoon, though staffs representing Gov. David Paterson, the legislature, and New York Mayor Michael Bloomberg were holding one last negotiating session at the Capitol. Paterson had scheduled a 3 p.m. EDT news conference to discuss the NYCOTB situation.

If the pending deal does not blow up, the state would take over NYCOTB in about 90 days. It also calls for a 1% increase in the pari-mutuel takeout on wagers.
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