OTB


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OTB

Overseas Trust Bank. A bank in Hong Kong that was, at one time, one of the largest in the country. In 1985, it suddenly collapsed due to bad debt, much of which was caused by criminal misdealing among its senior management. The day following the announcement, the Hong Kong government nationalized OTB. It has since been sold a number of times.
References in periodicals archive ?
Market OTB ends on January 30, but the food truck concept is here to stay as more people want to enjoy the unconventional in a park atmosphere.
Charles Acut, a 43 year old citizen of the Philippines is thankful to Dubai Shopping Festival for bringing market OTB.
Even though the horse drifted back to a more reasonable 10-3, OTB was sat on the soon-to-beupgraded sofa wearing an extremely self-satisfied grin.
The rating affirmation takes into account the company's material debt cuts made so far in fiscal 2010 and lower operating leases following the OTB brand sale.
A little history: In February, after Mayor Michael Bloomberg said the city would have to start subsidizing OTB because it wasn't getting enough money back from its revenue-sharing formula with the state, the OTB's board of directors voted to shut down the organization's 72 operations in the five boroughs.
Norwegian-Swedish high-tech company Thin Film Electronics ASA said on Monday (21 May) that it has signed a development agreement with the Dutch production equipment manufacturer OTB Engineering BV.
With pass through current capability of up to 130A, BlockMaster's OTB Series is suitable for the transfer of high power from outside to inside power panels.
The inscription by "Howie, the Horse," as Samuels was nicknamed after he was appointed the first commissioner of OTB, reads, "Al--Three pretty enebriated fellows, Howard Samuels"
The law allocates 15% of the "net win" generated from the new VLT machines as commissions to the respective OTB agencies, and contributes another 15% to the horsemen's purse account at El Comandante, the only horse racing and wagering franchise in Puerto Rico.
All that remained Sunday evening was for the South Dakota man - who apparently is known to the OTB staff but didn't want to be identified yet - to present the ticket and collect a payoff that would be the second-largest in U.
It became clear that we had two options--either downsize like everyone else or claim our position as a major international center by creating the facility that would expand our capacities to present truly leading companies," said Mark Murphy, who has headed OTB as artistic director for fourteen years.
Developed by ASCD in conjunction with the Kentucky Department of Education, the OTB Web gathers and disseminates "only the best" curriculum, instruction, and assessment materials electronically via a secure site on the World Wide Web (WWW).