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04-17-2010, 01:42 PM
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#2
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Racing Form Detective
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
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Talk about beating a dead horse.
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Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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04-17-2010, 01:43 PM
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#3
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Registered User
Join Date: Mar 2007
Location: Manhattan
Posts: 3,826
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Who would put money in their account not knowing whether OTB will be in business the next day?
__________________
“Life does not ask what we want. It presents us with options”
― Thomas Sowell
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04-17-2010, 02:15 PM
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#4
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Veteran
Join Date: Mar 2008
Posts: 678
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Quote:
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Originally Posted by badcompany
Who would put money in their account not knowing whether OTB will be in business the next day?
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They've gauranteed the funds. It was scrolling along the bottom of the OTB station this morning.
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04-17-2010, 02:18 PM
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#5
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Racing Form Detective
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
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Quote:
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Originally Posted by tribecaagent
They've gauranteed the funds. It was scrolling along the bottom of the OTB station this morning.
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With what? How? I don't think the FDIC is going get involved with this bunch.
__________________
Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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04-17-2010, 02:20 PM
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#6
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Registered User
Join Date: Aug 2003
Posts: 9,569
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Gee...
WOW! 25% TAX SOURCE STAYS OPEN!
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04-17-2010, 02:26 PM
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#7
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Veteran
Join Date: Mar 2008
Posts: 678
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Forget about the FDIC my man....what about the lawsuits against a government agency like OTB?
It's now a moot point but any monies are safe.
BTW-I have ZERO affiliation with OTB.
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04-17-2010, 02:31 PM
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#8
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Registered User
Join Date: Nov 2007
Posts: 102
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Quote:
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Originally Posted by Zman179
Motion to remain open and rescind layoff notices at 13:00 of webcast.
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Correct me if I’m wrong but didn’t they state publicly twice now that they don’t have the funds to stay open after April 11 and again after April 18? If they don’t have the funds how can they now remain open “indefinitely”?
Were they lying then or are they lying now?
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04-17-2010, 03:07 PM
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#9
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Veteran
Join Date: Nov 2005
Posts: 5,138
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Quote:
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Originally Posted by hibiscus
Correct me if I’m wrong but didn’t they state publicly twice now that they don’t have the funds to stay open after April 11 and again after April 18? If they don’t have the funds how can they now remain open “indefinitely”?
Were they lying then or are they lying now?
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The union(s) must have reversed their position that ended the negotiations.
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04-17-2010, 03:37 PM
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#10
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Registered User
Join Date: Jun 2006
Posts: 152
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''AN ADMINISTRATIVE PEROGATIVE''
Chairman NYC OTB,Meyer Frucher stated:''Statutory payments to tracks will be delayed.''This is how NYC OTB intends to stay open.
Last edited by rjorio; 04-17-2010 at 03:40 PM.
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04-17-2010, 03:50 PM
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#11
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Registered User
Join Date: Jul 2009
Posts: 12,402
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Quote:
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Originally Posted by rjorio
Chairman NYC OTB,Meyer Frucher stated:''Statutory payments to tracks will be delayed.''This is how NYC OTB intends to stay open.
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Delayed until when? Never?
Did they actually adopt a plan that will move them towards profitability and to a degree that they can compound liabilities in the interim?
Strange.
__________________
"You make me feel like I am fun again."
-Robert James Smith, 1989
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04-17-2010, 04:05 PM
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#12
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Racing Form Detective
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
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The tracks agreed to that?
__________________
Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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04-17-2010, 04:07 PM
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#13
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Registered User
Join Date: Jan 2009
Posts: 1,288
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Shocking. I thought they would close.
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04-17-2010, 04:07 PM
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#14
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Registered User
Join Date: Jun 2006
Posts: 152
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MAKES SENSE TO ME
Meyer Frucher,Chairman NYC OTB:"We can't be forced to pay money we don't have." Whistling in the dark and waiting for a bailout.
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04-17-2010, 04:14 PM
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#15
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Racing Form Detective
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
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Why would any track let them use their signal? I just don't get it.
__________________
Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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