The Suffolk Regional Off-Track Betting Corporation May 10 filed its debt adjustment plan under Chapter 9, which proposes to pay all administrative expenses and claims in full in cash on the effective date of the plan, according to court documents (In re Suffolk Regional Off-Track Betting Corporation).
The debtor is a New York public benefit corporation that operates an off-track pari-mutuel wagering system on thoroughbred and harness horse races held at all 11 race tracks located in New York, and certain race tracks located outside of New York, court documents indicate.
Approval to File Chapter 9.
The Hauppauge, ...
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