Sale of NYC OTB seems unlikely
NEW YORK -- Racing and legislative leaders expressed doubts on Friday that the state would be able to proceed on New York City's plan to sell New York City Off-Track Betting Corporation, citing the vast amount of manpower and work being consumed by the effort to address the recent terrorist attacks on the city.
In July, the city tabbed a partnership headed by Magna Entertainment as the winning bidder for OTB, beating out the New York Racing Association. The sale cannot proceed unless an array ...
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