OTB Delays Shutdown, 1,300 Layoffs

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    NEWSLETTERS

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    NEW YORK - MARCH 1: A man holds his betting slips and money at an Off-Track Betting (OTB) parlor in Midtown Manhattan March 1, 2008 in New York City. The board that oversees New York City's OTB operations voted last week to close all 71 parlors by mid-June since the city does not want to subsidize the gambling outposts. State officials are contesting the ruling. (Photo by Mario Tama/Getty Images)

    The city's Off-Track Betting Corp. has voted to suspend for a week Sunday's deadline to shut down parlors and lay off 1,300 workers.
           
    The OTB board voted today to suspend the layoff notices and keep parlors open as Gov. David Paterson and legislative leaders continue to negotiate a long-term solution to the agency's cash flow problems.
           
    Under the resolution adopted by the board, the layoffs are temporarily suspended and the shutdown is postponed no longer than April 18.

    But officials of the New York City Off-Track Betting Corp. said they are optimistic a deal will be struck by then to continue OTB's operations.