Showing posts with label OTB. Show all posts
Showing posts with label OTB. Show all posts

December 18, 2009

Killing the Goose?


http://www.nypost.com/p/news/opinion/opedcolumnists/why_killing_otb_is_losing_bet_PYWKuKSbmMb9Wih8GJI4uL

Why killing OTB is a losing bet
By MEYER 'SANDY' FRUCHER
New York Post
Last Updated: 4:02 PM, December 17, 2009
Posted: 1:07 AM, December 17, 2009

October 10, 2009

OTB Losing Money


"What happened? Back in the 1970s, the OTBs were gushers, spinning off tens of millions of dollars. But then came the Meadowlands, casinos everywhere, and finally video lottery terminal (VLT) slot machines at Yonkers and other racetracks. OTB got clobbered."
[. . .]
"it still books 80 percent of the pari-mutuel bets in New York. Last year, it distributed $87 million to NYRA, $11 million to Finger Lakes racetrack in upstate New York and $30 million to the harness industry,"

http://www.nypost.com/p/sports/horse_racing/racing_panel_bettor_find_way_to_EjRq7aGpM6yjmjmBCZVh7K

Racing panel bettor find way to boost OTBs
Ray Kerrison
New York Post
Last Updated: 7:27 AM, October 10, 2009
Posted: 1:33 AM, October 10, 2009

June 16, 2008

Misguided Wrath

Misguided Wrath

[This letter was published in the June 21, 2008 edition of the New York Post. It was edited.]

The new New York Governor directs his wrath at the wrong target.
(FREDRIC U. DICKER, "GOV BLASTS 'NASTY' MIKE," New York Post, June 16,
2008) The issue is a gambling operation that loses money, not a nasty
Mayor. Meyer Lansky recognized that if you run the house you cannot
lose. No need to cheat. That the NY OTB operation was costing the
city money shows that the skim was larger than it should have been to
keep nosy eyes away.

Roy Bercaw - Editor ENOUGH ROOM

GOV BLASTS 'NASTY' MIKE
SHOCKING BROADSIDES BY MILD-MANNERED DAVE
New York Post
By FREDRIC U. DICKER