NYC OTB's new leader: Plan for restructuring coming within 30 days

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By PAUL POST, The Saratogian

SARATOGA SPRINGS — The new head of bankrupt New York City Off Track Betting Corp. says he’ll have a plan in place for restructuring the firm within 30 days.

Greg Rayburn, hired earlier this month at a salary of $125,000 per month, says all stakeholders — racetracks, breeders, unions and governments — will have to share some of the pain involved with getting OTB back on solid financial ground.

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