Greg Rayburn

Indianapolis Downs, LLC Declares Chapter 11

Indianapolis Downs, LLC, which operates the Indiana Live! casino and Indiana Downs, today announced it and a related entity have filed voluntary petitions in U.S. Bankruptcy Court for the District of ...

NYCOTB Might Close...Again

November 29, 2010

The New York State Legislature is scheduled to meet in special session today, with governor David Paterson pleading with them to pass his proposed New York City OTB legislation in the face of yet anot...

Faraldo On Proposed NYC OTB Bailout

October 20, 2010

Governor David A. Paterson and New York City Off Track Betting Corporation (NYC OTB) today announced that NYC OTB has entered into a historic agreement with the Official Committee of Unsecured Credito...

Severance To 550 NYCOTB Workers?

October 08, 2010

New York City OTB’s new president and CEO Greg Rayburn has taken his first big step in reorganization of the

Rayburn Means Business In NY

September 02, 2010

Greg Rayburn, New York City OTB’s chief executive, withdrew his offer of early retirements for OTB employees yesterday after his deadline for union agreement passed

Another D-Day For NYCOTB

August 30, 2010

Another day, another crisis for embattled New York City OTB. Its new $125,000-a-month turnaround specialist, Greg Rayburn, has set tomorrow as a deadline for acceptance of his bold new plan for saving...

“Everything On The Table”

“Everything on the table” is what New York Governor David Paterson’s main man said about New York City OTB, which is now being pursued by a number of would-be operators, including unnamed harness trac...

New NYCOTB CEO Salary Contentious

As soon as it seemed the drama surrounding the New York City Off-Track Betting Corp. was simmering down, news of the hiring of a new $125,000-per-month president and CEO has the ongoing situation a-bo...

Stronach Out As MEC CEO

Magna Entertainment Corp. announced yesterday that Frank Stronach has been replaced as CEO