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New York OTB to stay open

Updated: April 10, 2010, 1:28 AM ET
By Matt Hegarty | Daily Racing Form

New York City Off-Track Betting Corporation postponed a plan to close on Sunday by at least a week after officials said state's legislators have shown progress in devising a plan to shore up the company's financial position, at least temporarily.

The board of the corporation met on Friday to approve the postponement. During the meeting, Sandy Frucher, the corporation's chairman, said that "significant progress" had been made in discussions on a rescue plan over the last several weeks between ...

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