STAMFORD — The proposal for Stamford’s first off-track betting facility has been approved by the city’s Board of Representatives, but the project remains in limbo thanks to a pending corporate takeover.
The Stamford Advocate reports city native and former Major League Baseball manager Bobby Valentine has partnered with gambling giant Sportech to open the would-be OTB site at a former pool hall on Atlantic Street.
Valentine says $8 million in renovations to the structure have yet to be completed in the midst of Sportech’s proposed takeover by Canada-based Contagious Gaming.
The companies have yet to reach a takeover agreement despite several deadline extensions.
Valentine and Sportech president Ted Taylor say they will have a better handle on the project’s timeline by next week.
Sportech operates all 15 OTB locations in Connecticut.