NY Gambling News

Robot baccarat in Cambodia. The machine allows some game parlors to skirt a law that says no live table games can be dealt near the capital city.

Quote: FleaStiff

Does Off Track Betting still take the fleas away from serious bookies and lead housewives into debt?

There is no more Offtrack Betting. It went broke a while ago.

BY Jerry Bossert
DAILY NEWS SPORTS WRITER
Friday, February 25th 2011, 5:58 PM
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OTB boss making $125G for nothing

It appears New York City-Off Track Betting wasn't the only bookmaker that lost money. So did Suffolk County OTB.

On Thursday, officials at Suffolk OTB met to decide if the broke bookmaker should file for Chapter 9 Bankruptcy protection with a decision expected to be announced next week.

"Nine months ago, I released a report showing that the financial condition of the state's Off Track Betting Corporations outside of New York City had substantially deteriorated over the past five years," said State Comptroller Tom DiNapoli. "I recommended several changes to keep these operations afloat, but they went unheeded."

New York Racing Association President and CEO Charles Hayward announced that Suffolk OTB owes the NYRA $1 million during a Feb. 7 Senate hearing held by Senator John J. Bonacic.

"First New York City OTB failed, and now Suffolk County Regional Off Track Betting Corp. is on the verge of filing for bankruptcy protection. Others will follow," DiNapoli warned.

NYCOTB filed for bankruptcy in Dec. 2009 before closing for good on Dec. 8 of last year. nydailynews

SR 14 runs from Lake Ontario(Sodus Point) South, through Lyons, Geneva, Watkins Glen to Horseheads. That's where it intersects with the Southern Tier Expressway SR 17. That sounds like the Eastern border of the compact area.

My Dad frequents the Racino at Finger Lakes Race Track in Canandaigua, a few miles south of the Thruway exit for Canandaigua.

Quote: ten2win

SR 14 runs from Lake Ontario(Sodus Point) South, through Lyons, Geneva, Watkins Glen to Horseheads. That's where it intersects with the Southern Tier Expressway SR 17. That sounds like the Eastern border of the compact area.

My Dad frequents the Racino at Finger Lakes Race Track in Canandaigua, a few mile south of the Thruway exit for Canandaigua.

Yup, that's the one. Runs along the western border of Seneca Lake bewteen Seneca and Keuka. SR17 (I-86) has no bearing though, Rt 14 runs into PA and the "compact area" extends there as well.

Early line on new Aqueduct racino revenues: New York State hits the jackpot Glitzy gaming hub rakes in $14 million in first 10 days

BY IRVING DEJOHN
NEW YORK DAILY NEWS

Originally Published: Wednesday, November 9 2011, 6:00 PM

The newly opened Aqueduct racino has kicked off its first 10 days in Queens with a hot hand, recently released figures show.

The South Ozone Park gaming hub raked in more than $14 million in revenue, according to figures released by the New York Lottery.

“These results are simply amazing. They far exceeded our expectations,” said Gordon Medenica, Lottery director.

Of that profit, 44% goes into a state education fund and 31% goes back to racino operator Resorts World New York.

The remaining 25% is distributed to the New York Racing Association and the casino vendors.

“Money is being spent in-state. That’s just a great change for New York,” Medenica said.

Michael Speller, president of Resorts World, said racino officials are “fully aware the results will stabilize” and credited their 1,200-person staff.

In its infancy, the Queens attraction’s returns are already rivaling the more established Empire City in Yonkers.

Empire City and Aqueduct revenues both topped $10 million in the week ending Nov. 5, with Empire City edging out it’s Queens counterpart by a slim margin,

according to weekly tallies compiled by the Lottery.

“I think there’s a lot of untapped demand for gaming facilities in the New York market,” Medenica said.

Lottery officials said they see the two as “anchors” for gaming in the state, with Aqueduct pulling from the south and Yonkers pulling from the north.

Earlier this week racino officials announced that they were adding 150 more jobs to address demand.

“We have said from the beginning that we will continue to look for opportunities to create even more jobs and are thrilled to be able to do that so soon after our first

phase of opening,” Speller said.

Thus far, the only hiccup with the new glitzy gaming hub has been traffic congestion, said Betty Braton, chairwoman of Community Board 10.

“Most concerns that have been expressed to me deal with the traffic,” she said. “It’s difficult to judge by two weekends.”

The second half of the Aqueduct racino, which will include a second floor of gaming tailored to high rollers, is set to open in late December.

idejohn@nydailynews.com