A last-minute deal was worked out between Governor David Paterson and Mayor Michael Bloomberg to save Off-track Betting, but the road to the agreement was rocky. Bloomberg had been unhappy with how OTB provides money for the state but the city ends up subsidizing it, thanks to a formula that gives the state a cut of revenues (not profit). According to the NY Times, the city will now "earn some $4 million from the winning-bets......

Some gamblers don't need their legs broken by loan sharks if they're paranoid enough. The FDNY discovered four men lying in an alley at 35-12 Farrington St. in Flushing, Queens while responding to a call about a smoke condition at the building. According to WNBC, the building houses a not-that-secret illegal gambling operation. Police surmise that when the poorly poker-faced bettors heard the FDNY trucks' sirens responding to the smoke condition call, they figured the......

After years of warnings, the city's Off Track Betting business may be out of luck as Mayor Bloomberg said the city may pull its funding and let the gambling business close. He told the OTB Board of Directors, "The City simply cannot take dollars away from schools and hospitals to pay for a gambling operation. We have no business subsidizing betting parlors at the expense of City taxpayers, particularly at a time when we're asking......

New Jersey police have arrested a number of members of the Lucchese crime family. In the process of breaking up a multi-billion dollar betting organization, cops discovered that the old school mafia family had also teamed up with the more street-level gang the Bloods. The two groups were working together to smuggle things like iPods, cell phones, and drugs into the East Jersey State Prison. The betting ring was fairly sophisticated, utilizing Internet sites, an......

The underground Flatiron poker club robbery that left one player dead on Friday may be connected to a robbery at a swank Upper East Side club back in June. The Post notes that the two robberies were similar, with gunmen holding up patrons and making off with a lot of cash. The Upper East Side robbery at the National Card Room (a joint that Alex Rodriguez used to frequent) did not turn violent, whereas the......