Showing posts with label OTB. Show all posts
Showing posts with label OTB. Show all posts
December 18, 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
"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
Labels:
Casinos,
Harness Racing,
Horse Racing,
OTB,
Slots
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
[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
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