To keep tickets rolling out, NY off-track betting has tried appealing to the state and even hired sexy dancers—still, unless its bid for bankruptcy is approved the organization says it will be done for by the end of March, leaving 1,400 unemployed. The New York Racing Association, for whom OTB is an important customer, says it's "monitoring the situation closely" but another organization has dismissed the announcement as a "hollow threat." "NYC OTB used the same trick in 2008, the last time they went bankrupt," said New York Thoroughbred Breeders Executive Director Jeffrey Cannizzo. But Robert Garry, the OTB's chief financial officer, insists his organization will be broke by early April and in heavy deficit mid-month, reported the NY Daily News. This means the ticket stoopers might have to find real jobs, too!
OTB Has Bad Odds to Stay Open
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"It puts more of a burden on New York — puts more of a burden on 49 other states."
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