NY racing operator wants out of bankruptcy
September 12, 2008
Lawyers for the New York Racing Association are going to court to ask a judge to help them get out of bankruptcy.
NYRA, which holds the state’s franchise to run thoroughbred racing at Aqueduct, Belmont and Saratoga race tracks, has filed for Chapter 11 bankruptcy protection but was expected to emerge from it earlier this summer, [...]
NYRA: Bankruptcy done in two weeks
August 26, 2008
A state panel that monitors New York Racing Association is expected today to approve another temporary franchise extension to help NYRA get out of bankruptcy.
On Feb. 13, the state granted NYRA a new 25-year contract to run Saratoga Race Course, Belmont Park and Aqueduct, but it still hasn’t become official because of complicated legal details [...]
Still No Plan to Rescue the City’s OTB Parlors
June 13, 2008
Gov. David A. Paterson and the State Legislature did not reach an agreement on Thursday on a plan that would rescue New York City’s Off-Track Betting Corporation before Sunday, when Mayor Michael R. Bloomberg is scheduled to shut down the city’s 60 betting branches.
The OTB was one of several issues on the table during a [...]
