NYC OTB workers still have jobs Monday

NYC's Off-Track Betting centers

April 19, 2010 4:42:01 AM PDT
Off-Track Betting employees in New York City still have jobs Monday, thanks to an emergency plan worked out over the weekend.The plan calls for the city OTB operation to seek a permanent fiscal plan in cooperation with the racing industry, the New York Racing Association, unions, harness tracks and state government.

The plan also calls for cutting some of OTB's 1,300 jobs and closing some betting parlors.

The city OTB was scheduled to shut down Sunday, following a week in which its board failed to negotiate a deal with the unions, Gov. David Paterson and the state Legislature.

Instead, OTB will manage its cash flow to juggle bills with payroll and other costs.

The OTB takes $1 billion in bets annually.