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New York racing in turmoil as OTB shuts down operations

8th December 2010 9:53 am GMT

The New York City Off-Track Betting Corporation (NYC OTB) will today proceed with the orderly winding down of its business affairs after the New York Senate yesterday chose not to pass a bill that would have kept the company in operation and saved an estimated 1,000 workers from losing their jobs.

The proposed reorganisation of the NYC OTB received 29 votes out of 50 in the Senate yesterday, just three votes short [...]

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