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Suffolk Regional Off-Track Betting Files for Bankruptcy

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May 11 (Bloomberg) -- 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 dmccarty@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net

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