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Legislators aim to help Suffolk OTB

Originally published: January 25, 2012 10:07 PM
Updated: January 25, 2012 10:26 PM
By YANCEY ROY  yancey.roy@newsday.com

Quick ReadTwo state legislators are trying to get Suffolk Regional Off-Track Betting Corp. out of a legal bind with a new bill that would allow the agency to seek bankruptcy protection.

A handout photo of the Bay Shore branch

Photo credit: Handout | A handout photo of the Bay Shore branch of OTB.

ALBANY -- Two state legislators are trying to get Suffolk Regional Off-Track Betting Corp. out of a legal bind with a new bill that would allow the agency to seek bankruptcy protection.

The move comes seven weeks after a federal court ruled Suffolk OTB improperly went about filing for Chapter 9 bankruptcy in March and that, for now, the betting entity isn't eligible for protection.

The...

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