OTB SCHEME FOR INTERBET - GAMBLE & SEE RACES ON WEB
Ray Casey, president of New York City OTB, said officials had reached an "oral agreement" to develop a joint betting portal that would compete with offshore betting Web sites that have been operating in a legal gray area for years.
Officials of the six OTB systems are scheduled to meet Friday to discuss the joint Internet venture, which was recommended by a consultant hired by the city to find ways of making OTB profitable.
A major OTB competitor, the New York Racing Association, announced two weeks ago it has selected a vendor, Sona Mobile, to develop an Internet betting platform by the end of March. NYRA is also looking to take bets and provide live streaming video of races on smartphones.
Ray Casey, president of New York City OTB, said officials had reached an "oral agreement" to develop a joint betting portal that would compete with offshore betting Web sites that have been operating in a legal gray area for years.
Officials of the six OTB systems are scheduled to meet Friday to discuss the joint Internet venture, which was recommended by a consultant hired by the city to find ways of making OTB profitable.
A major OTB competitor, the New York Racing Association, announced two weeks ago it has selected a vendor, Sona Mobile, to develop an Internet betting platform by the end of March. NYRA is also looking to take bets and provide live streaming video of races on smartphones.
