Gaming Strategy
Featured Stories
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Search Our Archive of Gaming Articles 

13 NYRA Betting Clerks Lose Their State Licenses

24 February 2003

ALBANY, New York -- As reported by the Times-Union: `` The careers of 13 betting clerks from New York Racing Association tracks came to an end Friday as the state Racing & Wagering Board ruled to revoke their licenses to work in the horse racing business.

``...The 13 are among a slightly larger group of clerks involved in two major schemes that led to a series of state and federal convictions last year.

``Peter Oster, of Queens, and Robert Lodati, of Nassau County, were among the 13 whose licenses were revoked. Those two and Joseph Rabito, of Nassau County, were sentenced to probation last year in Saratoga County court for their involvement in a scheme to launder money to suspected cocaine dealers at Saratoga Race Course, Belmont Park and Aqueduct Race Track, the three tracks operated by NYRA.

``...A total of 16 NYRA parimutuel employees pleaded guilty last summer to taking cash from NYRA drawers for personal use and falsely listing the amounts as expenses on federal tax returns.

``These clerks face a maximum of three years in prison, a $250,000 fine, and payment of back taxes, interest and penalties under the federal charge..."

< Gaming News