From bloodhorse.com, pretty dire news for New York racing:
The state Senate in New York Dec. 7 rejected a reorganization plan for the New York City Off-Track Betting Corp.—and the OTB proceeded with its shutdown plan on Wednesday, Dec. 8. As part of the shutdown, three parlors will remain open for six days for bettors to cash tickets or withdraw money from their ADW accounts.
A spokeswoman for New York Gov. Davd Paterson said the OTB will not re-open Wednesday morning for business.
For the rest of the story: http://www.bloodhorse.com/horse-racing/articles/60247/nycotb-shuts-down-after-senate-rejects-plan