This should anger the opponents of the OTB proposal in Danbury...The New London Day has the scoop...
Sportech Venues’ parent company is up for sale, a development that’s not expected to have any immediate effect on Connecticut’s off-track-betting system, a state Department of Consumer Protection official said Friday.
Based in New Haven, Sportech Venues operates 16 OTB facilities, including one in New London, and has been authorized to open eight more.
“If there is a sale, a process would have to occur before the sale is consummated,” William Ryan, director of the department’s Gaming Division, said. “It would be very similar to when Sportech bought Autotote in September of 2010. The new owner would be subject to the terms of the existing contract.”
That contract, Ryan said, extends indefinitely.
Earlier this year, the Connecticut legislature passed a gaming-expansion bill that included a provision increasing from 18 to 24 the number of OTB facilities Sportech Venues is authorized to open in the state. Sportech opened its 16th Connecticut facility in June, a second Bobby V’s Restaurant & Sports Bar in Stamford. Typically located in restaurants and bars, the OTB facilities offer wagering on live broadcasts of horse racing, greyhound racing and jai alai.
Recently, the Zoning Commission approved to amended the city's regulations to allow an OTB parlor as a secondary use at the Two Steps on Ives Street. The OTB proposal still needs final approval from the city council.