Quote:
Originally Posted by ScottJ
Dear JMS62 : Thanks for the response and exchange.
From the Paulich Report article : "Total handle during the Championship Meet was $957 million, eclipsing last year's record of $867 million by 10.4 percent. Handle including total simulcast was $1.021 billion. On-track handle was up $3.9 million."
So, $90M came from somewhere. I have offered an plausible view - this was NYRA handle that shifted from off-site locations to Gulfstream, the next logical East Coast wagering venue.
I would not suggest that the Gulfstream product was more or less attractive than last year - to me, it was the same product. Again, I disclosed my bias that Gulfstream does not attract my wagering pesos.
In closing, to argue that Gulfstream INCREASED business by 10% would require some form of business defense.
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$40 million of the $90 came from two mandatory Rainbow-6 distributions. Didn't they lose both of the big mandatory payouts last year right before? Or was that two years ago?