State Senate rejects NYC OTB rescue; doors to shut
(AP) - New York's Senate has rejected a rescue planfor the New York City Off-Track Betting Corp. and its 1,000employees.
The lawmakers failed to overcome partisan differences before thelatest deadline to save the troubled gambling operation.
The Senate's Democratic majority didn't have the votes to passtheir party's plan to reorganize the OTB and keep it from closingby midnight Tuesday.
The Assembly had already passed that bill drafted by DemocraticGov. David Paterson.
But Republicans in the Senate minority who were excluded fromnegotiations wanted similar help for the five other regional OTBson Long Island and upstate.
OTB shutdown may cost BX jobsOTB says it will shut down Friday