Suffolk OTB refiles for bankruptcy

A Suffolk OTB outlet in Hauppauge. The corporation

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A Suffolk OTB outlet in Hauppauge. The corporation is refiling for bankruptcy citing $24 million in losses and $10 million in liabilities. (March 29, 2012) (Credit: Ed Betz)

ALBANY -- Suffolk Regional Off-Track Betting Corp. posted operating losses of about $24 million over the last five years and has more than $10 million in outstanding liabilities, according to documents it filed to reapply for bankruptcy protection.

The troubled gambling enterprise entity said it owes money to more than 200 creditors, including $3.3 million to the state retirement fund, $3...

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