How long will NYC OTB be in chapter 9? What happens next?
NYC OTB expects the chapter 9 case to proceed expeditiously. However, NYC OTB cannot confirm precisely when it will emerge from chapter 9, because it requires the New York State Legislature to enact an overhaul of racing legislation and it will also require bankruptcy court approval. NYC OTB is committed to working with all stakeholders to create a better and more sustainable business for the benefit of New York City, New York State, the horse racing industry and, most importantly, the customers. NYC OTB will provide timely updates throughout the chapter 9 process.
