Results tagged “racetrack”

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 all agencies to cut their budgets." And what's more, the board agreed and approved the shutdown!