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Posted on Tuesday, February 20th, 2007
In a lawsuit filed in New York, a North Dakota off-track horse betting outlet accuses the New York Racing Association of failing to pay off winning bets by illegally including owed pari-mutuel payouts in its bankruptcy creditor list.
Lien Games Racing said NYRA violated New York law by not protecting pari-mutuel funds it owed the Fargo, North Dakota, company. Lien Games is suing NYRA for $1,634,303.97 for money owed on winning wagers on NYRA races placed at the outlet.
In its November filing in United States Bankruptcy Court, Southern District of New York, NYRA lists a debt of $1,386,695 owed to Lien Games. Lien Games filed its lawsuit in the same court on February 6.
"North Dakota OTB sues NYRA over settlement payout dispute" was posted on Tuesday, February 20th, 2007 at 10:38 pm and is filed under Horse Racing Industry, USA Horse Racing. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.
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