Now that layoff notices have gone out to its 1300 employees, the management of New York’s Off Track Betting seems to have finally grasped that their Titanic is in fact sinking. So NOW, of course, they’re chock full of ideas on how to construct lifeboats out of soda cans, popsicle sticks and chewing gum. First, management has oh-so-graciously agreed to defer further compensation until a solution is found, and they’re also trying to convince NYC’s nightclubs to accept remote gambling machines on their premises, and are offering the bar managers the kind of incentives that usually come from temporarily-down-on-their-luck Nigerian princes. Read more.
New York’s OTB buys itself a one-year reprieve
April 18, 2010