MEC '07 losses total $113,000,000

[freddymo]

Originally Posted by DaHoss9698

Don't you think that's a serious repercussion Freddy?

It's apositive long term and it accelorates a cleansing that is badly needed. I think Andy meant serious repercussions to have negative implications.. I see it as a huge long term positive. The industry is dying because nobody has figured out how to earn.. So one of two things have to happen.. Either the Europeans buy up the real estate with there inflated euro and try to run these properties at cash flow break even or half the dates for racing get eliminated and the industry downsizes to something that the betting base can support.. I view the latter as a huge positive