International Federation of Horseracing Authorities

News

Monday, August 17, 2009
New York betting shops in trouble
According to reports in the Daily Racing Form, the New York state owned off-track betting operator as increasing operating shortfall, amounting to an accumulated deficit of US$228 million. The conclusion is made by New York State Comptroller Thomas P. DiNapoli in a report released on Friday. The solution to the problem seems to be cost-ctting but even this would not guarantee the escape from bancruptcy