NY Senate Weighs OTB Rescue Before Doors Shut

ALBANY, N.Y. (AP) — The livelihoods of about 1,000 Off-Track Betting Corp. employees are caught in a political struggle in New York’s Senate, which is now weighing two rescue plans.

The Senate’s Democratic majority lacked the votes to pass their party’s plan to reorganize the state-owned gambling operation and keep it from closing by midnight Tuesday, the latest bankruptcy deadline.

The Assembly has already passed that bill drafted by Gov. David Paterson, who would immediately sign it.

But Republicans currently in the Senate’s minority want the bill expanded to help the other half-dozen regional OTBs on Long Island and upstate. All OTBs are suffering losses and want to modernize.

Negotiations continued early in the afternoon.

The Assembly doesn’t plan to return to session.

(Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

One Comment

  1. cathy says:

    oh so have the bookies take over, and over 30,000 people lose their jobs

  2. Ariela De La Cruz says:

    For the sake of Sarasota…Please pass the Assembly’s OTB version.

  3. Fred says:

    Why does it always smell like p|ss outside of an OTB.

  4. Tito says:

    Close OTB. Don’t throw good money after bad. It is a cesspool of political patronage.

Comments are closed.

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