Nassau has its problems, though. On Wednesday in Saratoga, the state Racing and Wagering Board renewed Nassau OTB's license to simulcast races. In the process, Thomas Casaregola, the board's audit director, discussed Nassau OTB's most recent financial reports, according to an audio recording of the meeting posted online.
"As you know," Casaregola told the board, "Nassau OTB has been suffering some operating losses for the past several years. In fact for the past two years, their independent auditors have included in their audited financial statements . . . comment bringing into question Nassau OTB's ability to continue its operations."
He went on to say that an "operating loss" of $829,000 was projected for 2012.
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