In what is believed to be the first Chapter 9 municipal bankruptcy plan confirmed in New York state, Suffolk Regional Off-Track Betting’s $100 million bankruptcy plan will go forward, including the development of a new Long Island electronic slot machine casino.
As part of the plan, confirmed Friday by Chief Judge Carla Craig (See Profile) of the Eastern District Bankruptcy Court, Suffolk OTB plans to build a new casino in Medford, to open by late 2015.
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