UPDATE: Bankruptcy filing 12/09
From the DRF
Quote:
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Originally Posted by DRF
New York City Off-Track Betting Corporation will file for Chapter 9 bankruptcy protection on Thursday afternoon and seek to cut the amount of money it pays to the racing industry as part of its restructuring.
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The company estimates that it will have a $40 million deficit by the end of this year, Frucher said, and will run out of cash in March.
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How about installing an OTB with a profitable business model?