Suffolk Regional Off-Track Betting Files for Bankruptcy

Suffolk Regional Off-Track Betting Corp. filed for court protection under Chapter 9 today in U.S. Bankruptcy Court in Central Islip, New York, saying it owed creditors more than $10 million.

Chapter 9 bankruptcy allows municipalities to reorganize rather than liquidate.

To contact the reporter on this story: Dawn McCarty in Wilmington at

To contact the editor responsible for this story: Michael Hytha at

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.