UPDATE: NYC OTB HAS SIGNALS PULLED.. Left with NY, GG..

[Cannon Shell]

Originally Posted by Kasept

New York OTB to lose Pimlico next week
By Matt Hegarty

The signal from Pimlico Race Course in Baltimore will be unavailable to customers of New York City Off-Track Betting Corporation after Saturday's Preakness Stakes card because of concerns about OTB's finances raised by the New York regulators, racing officials said Friday.

The decision to bar the signal from New York City OTB's parlors and account-wagering operation was made on Friday afternoon, shortly after the New York State Racing and Wagering Board backtracked on a decision to pull the Pimlico signal from OTB as of Friday morning. Joe Mahoney, a spokesperson for the board, said on Friday afternoon that the board decided to allow betting on the signal by New York City OTB customers on Friday and Saturday because of the interest by racing fans in the cards Pimlico will offer those days.

"This is the best result for the racing fans," Mahoney said.

Pimlico's 20-day spring meet began on April 17. After Saturday's Preakness card, Pimlico will not run again until next Thursday, and the meet will close next Saturday.

The decision to bar the Pimlico signal follows the board's decision earlier this month to bar wagering by New York City OTB customers on Arlington Park near Chicago, Chester Downs in Pennsylvania, Louisiana Downs, and Thistledown racetrack in Ohio.

According to Mahoney, the board has declined to approve any simulcasting contracts for New York City OTB until the corporation "satisfactorily" responds to a request to provide the board with additional information about its financial situation. New York City OTB, which is owned by the state, filed for bankruptcy earlier this year, and it is reorganizing under the protection of Chapter 9 of the bankruptcy code.

So in effect NYS officials are banning wagers on out of state tracks for the good of the out of town tracks? But the instate tracks just have to suck it up and hope that they eventually will get paid?

[Kasept]

Originally Posted by Cannon Shell

So in effect NYS officials are banning wagers on out of state tracks for the good of the out of town tracks? But the instate tracks just have to suck it up and hope that they eventually will get paid?

Pretty remarkable, eh?

[johnny pinwheel]

Originally Posted by Cannon Shell

So in effect NYS officials are banning wagers on out of state tracks for the good of the out of town tracks? But the instate tracks just have to suck it up and hope that they eventually will get paid?

EXACTLY. then they all turn the blame on NYRA, you know, the guys that never get paid. REMARKABLE!

[viscount26]

The Wonderful folks at NYCOTB!!! are only taking bets from Belmont, Finger Lakes & Golden Gate. What a joke

[Cannon Shell]

The best way for the industry as a whole to deal with NYCOTB is to simply withhold the signals. If NYCOTB thinks things are bad now wait till they have nothing left to take bets on. Then they may go to the state and ask that they be able to keep 100% of the customers wagers because of the decreasing revenues. They would most likely assume that the customers mostly lose and wouldn't miss the winnings anyway.

[Kasept]

More signals pulled from New York OTB
By Matt Hegarty

http://www.drf.com/news/article/113152.html

The number of racing signals available to customers of the bankrupt New York City Off-Track Betting Corporation dwindled even further on Thursday with an order by state regulators to pull the signal from Hollywood Park, Churchill Downs, and Calder Race Course.

The order from the New York State Racing and Wagering Board reduced New York City OTB's Friday afternoon Thoroughbred menu to two New York tracks, Belmont Park and Finger Lakes - both are required to be carried by law - and Golden Gate Fields. In addition to ordering the signals pulled, the board also told New York City OTB that it would not approve the company's simulcast contract with Monmouth Park, which opens on Saturday.

In a letter sent to New York City OTB on Thursday, the board claimed that it "has no record" of approving simulcasting contracts with the tracks. The letter, which was released to Daily Racing Form after a request by the publication, said the board is "reviewing whether or not sanctions related to the simulcasting activity referenced should be recommended or imposed."

[Storm Cadet]

It seems lately that somebody IN THE INDUSTRY has finally gotten through to NYS Racing board and given them the insight how to finally cut off NYC OTB and their power.

Looks like the tide has finally turned against NYC OTB. Lets keep up the pressure!

[pointman]

Looks like they are pulling out the big guns now to force Fruchter to resign. I wonder why Paterson just won't fire him.

[philcski]

Originally Posted by Cannon Shell

The best way for the industry as a whole to deal with NYCOTB is to simply withhold the signals. If NYCOTB thinks things are bad now wait till they have nothing left to take bets on. Then they may go to the state and ask that they be able to keep 100% of the customers wagers because of the decreasing revenues. They would most likely assume that the customers mostly lose and wouldn't miss the winnings anyway.

LOL

[slotdirt]

Golden Gate? Really?

[Alan07]

Different Subject:

Monmouth, Meadowlands, Yonkers and Saratoga have blocked there signal from Rockingham.

[richard]

Originally Posted by Cannon Shell

The best way for the industry as a whole to deal with NYCOTB is to simply withhold the signals. If NYCOTB thinks things are bad now wait till they have nothing left to take bets on. Then they may go to the state and ask that they be able to keep 100% of the customers wagers because of the decreasing revenues. They would most likely assume that the customers mostly lose and wouldn't miss the winnings anyway.

Good point. The industry as a whole does have the leverage to shut down NYCOTB whether Albany likes it or not .

[pmacdaddy]

Will NYCOTB out efffect Monmouth handle significantly?

[pointman]

Have not been able to find an explanation, but NYCOTB has had many signals restored effectively immediately including Churchill, Calder, Arlington and Hollywood Park.