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Suffolk OTB And Delaware North Settle Financial Misconduct Lawsuit

Ted Murphy

Suffolk Off-Track Betting Corporation and the operator of Jake’s 58 video lottery casino have reached a settlement in a lawsuit that alleged financial malfeasance.

Suffolk OTB alleged last year that the operator of the casino, Delaware North, used the casino as a “piggy bank” at the expense of taxpayers.

They reached a settlement this week, but the details have not been disclosed.

Before the pandemic, the casino generated billions of dollars for Suffolk OTB and Delaware North since opening in 2017.

Suffolk OTB filed for bankruptcy in 2011 and owes more than $10 million to creditors.

Jay Shah is a former Long Island bureau chief at WSHU.