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Posted inEconomic Development

A crash course on luring sports betting from the shadows

It was an eclectic audience at a seminar to learn about a business still illegal in Connecticut, if for the moment. There was an OTB guy from Suffolk, N.Y., a casino and horse-track general manager from Ruidoso Downs, N.M., the Harvard-educated consumer-protection commissioner of Connecticut, and three silent observers from the National Hockey League.
The agenda: How to make a buck by taking bets on sports.

Posted inMoney

A British bet on OTB in Connecticut’s roiled gambling market

STAMFORD — Ted Taylor settled onto an upholstered leather bench in an unfinished booth at the new Bobby Valentine’s restaurant and sports bar, the Connecticut Gold Coast’s introduction to a plusher version of what’s been a shrinking, down-market gambling niche — off-tracking betting. His company, Sportech, is investing in a gambling market under pressure from increased competition both in and outside the state.