ALBANY - The city has sent out formal layoff notices to 1,200 OTB employees, the Daily News has learned.
The letter, dated May 30 and signed by NYC Off-Track Betting Corp. President Raymond Casey, notifies workers that "your employment will be terminated as of close of business on June 15, 2008."
Three hundred staffers who would be needed to help shut down the 62 parlors were spared the notices for now, a source said.
Casey could not be reached for comment. A source said that with state leaders trying to negotiate a deal to save NYC OTB, the layoff notices serve as another sign that Mayor Bloomberg is willing to shut it down.
The city has begun advertising for an auctioneer to help with the liquidation of OTB assets.
Aides to Gov. Paterson and legislative leaders have been negotiating the issue for weeks.
Bloomberg has had a host of concerns, including finding ways to reduce OTB's required payments to the state, the city and the racing industry. Those payments regularly exceed profits.
An Assembly source said officials are cautiously optimistic for a deal.
This article is a reprint from NY Daily News. To view the original story, click here.
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