Eric Adams's posts related to Gaming

Senator Adams' statement regarding the NYC OTB filing for Chapter 9 bankruptcy

Statement of NYS Senator Eric Adams

New York City Off Track Betting Corporation has been running an unsustainable financial deficit, and it has filed for Chapter 9 bankruptcy as a necessary step towards its continuance as a viable entity.  As Chairman of the NYS Senate Committee on Racing, Gaming and Wagering, I endorse the petition as the best available alternative to a cessation of NYC OTB operations. 

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NYS Senator Eric Adams' Statement Concerning NYC OTB Layoffs

Quote from NYS Senator Eric Adams concerning NYC OTB layoffs: “Despite the most harrowing economic conditions since the Great Depression, NYC OTB has notified the New York State Department of Labor that it intends to dismiss 1,320 workers.  With unemployment running at an extraordinarily high level, it is regrettable that NYC OTB has begun implementing a plan to wind down the corporation’s operations before it has submitted to the legislature any fully drafted course of action. 

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Racing, Gaming, Wagering Committee Meeting held on February 9, 2010

Video: 28 minutes

Agenda:

New York State Senator Eric Adams, Chairman, convened a meeting of his Senate Committee on Racing, Gaming and Wagering at 9:30 AM Tuesday, February 9, 2010 in Room 124 of the Capitol. 

 

The first order of business was remarks, followed by the questioning of Charles J Diamond, Governor Paterson’s nominee to the New York State Racing and Wagering Board.  The committee then took up its legislative agenda, consisting of the following bills:

NYS Senator Eric Adams Assembles Racing Industry Stakeholders to Solve the NYC OTB Financial Crisis

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NYS Senator Eric Adams Assembles Racing Industry Stakeholders to Solve the NYC OTB Financial Crisis

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