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Chairman quits troubled New York City OTB

7th June 2010 8:11 am GMT

The chairman of the New York City Off-Track Betting Corporation (NYCOTB), Meyer Frucher, has resigned after just one year in his role, having failed in his plan to revive the ailing betting operator which recently filed for bankruptcy protection.

In a letter to New York Governor David Paterson Friday, the day before the state's biggest horse racing event, the Belmont Stakes, Frucher said that he was resigning following the collapse of his [...]

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