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#121
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#122
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Well I can see it now. Not sure I want to though. LOL |
#123
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#124
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#125
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#126
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![]() I don't have a dog in this specific fight, but I race horses in NY so I do have a vested interest.
I think many people tend to look at the present situation -- and then often collapse the present situation with blame. I am not inferring that the present is an inherited situation. I am also not saying NYRA is an "angel" and has never done anything wrong; nor am I saying that everything is their fault. However, everything we see today is not due to NYRA, corruption, management, etc. What we see today, in my opinion, is an accumulation of numerous aspects -- not only of NYRA, management, etc. -- but of the industry in general. The business model in NY, NY racing as a business and as a sport, has been broken for years. I didn't see any bidders hanging around and pushing for the franchise until the VLT legislation got passed. They didn't start pushing until the VLT deal was made. (I think we can all agree that is the VLT's were not approved -- nobody would be pushing, bidding, etc. on the franchise unless the land was up for grabs as well; or perhaps OTB). Now, in my opinion, this is reflective of a bigger issue -- alternative revenue source(s) being available to fund the racing business. Keeneland gets a tremendous amount of money, revenue, directly from the sales company. Alternative revenue sources are very often an ancillary, then becoming a primary solution to a present problem -- a problem where a business model is broken. Now that doesn't mean that VLT's are the solution to the racing industry because we know it is not. VLT money will find its way into purse accounts, but we know the trickle-down, trickle-over, etc. effect will not happen. VLT players do not become fans nor do they become visitors to the windows -- not to any significant degree. What will still hurt is that the tax rate (for the VLT dollars) in NY is extremely high. You want to argue about non-profit vs. for-profit? Here is what most people do not understand -- non-profit is a tax status, not a management style. What about Woodbine? What does their business model look like? A partnership between the government and the track, and it has proven successful. It has had a very positive impact on purses. What has it done for pure racetrack attendance, handle, etc.? This is very dangerous -- so at Finger Lakes management decides to invest $4m or so into the VLT side of the facility and goes against getting a turf course. Management said it was a "business" decision, a ROR/ROI decision, etc. But Woodbine has put money into the racetrack side of the facility. This business and this sport -- not only in NY, but all over -- needs to reinvent itself. Not drastic change that completely changes the business and sport, but change the mindset and management style of running a track as a business and running a business in and around this sport. Eric |
#127
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![]() Geez, Eric, I never realized you were such a smart guy.
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#128
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#129
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Most people have never even heard of the Travers. The Mid Summer Derby name is a complete joke. |
#130
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#131
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![]() Face it, nobody cares about the Travers except horse racing fans. The KY Derby is a huge event, the rating are huge every year. The Travers would get cut for little league baseball, because little league baseball gets higher ratings. |
#132
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So what are you doing today after you get done with another episode of "as the imbecile rants" on here. My guess is that the next thing you have scheduled could cause you to go blind. ![]() |
#133
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The next thing I have planned is class. Then tomorrow I am going to KY for a week to visit my friend who is doing an internship there. I am going to go see Lava Man, Great Hunter, Gorella and Cacique and go on a tour of Three Chimneys. Then I am going to the Breeders Cup. All I had to do is pay for the plane too. Are you going to the Breeders Cup. Me, Nostradamus, George Washington, and their grandfather are going. |
#134
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Kentucky is an awesome place and I leave for it on Tuesday and can barely wait. |
#135
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#136
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#137
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Anyway -- no offense everyone, but this has nothing to do with the prices of hotdogs and beer, or admission and parking for that matter. Do not confuse cause and effect. Those elements would correct themselves if the larger, marcro-issues were addressed. I don't want to start another arguement here but the sport and the business around this sport has changed. It is not what it used to be 40 or 50 years ago. Some, all, or part of this has evolved into an entertainment environment. You know what's changed since then? Everything. There are parts of this that are evolutionary and there are other parts that are revolutionary. Now I know the old fashion, diehard, hard-core, etc. gambler types will absolutely despise this and what's going on in our industry -- but today's racing facility, the product, and numeorus other aspects of sport/business are without question competing with other mediums and environments for our dollars. You don't have to like it or deal with it but it is a fact. OTB, off-shore, internet wagering, the back room at the bar, etc. -- all of them are competition. The casinos, race books, and other forms of entertainment and gambling, whether pari-mutuel or not. The products may be different, but we are talking about gambling dollars, entertainment, costs, etc. Many people do not like what Frank Stronach is doing down at Gulfstream. I've been there numerous times so I am not speaking absent of facts. Stronach is a visionary. You may hate the vision, but he has one. You may think he is inept at running a publicly traded company. You may think he is guilty of many things. But he is committed to the vision. Sports bars, fine dining, cigar lounges, VLT's, shows, and other forms of entertainment. Retail, commercial, other real estate strucutures. This will bring people to a facility. The track will be there. Will they turn into fans? Will they turn into gamblers? Will they turn into regulars? Possible -- not probable; not to a significant extent or degree. That is not the only answer though. But this, and the alternative forms of revenue will find its way into purses. It will trickle into other areas. There will be ancillary effects -- yes, both positive and negative -- in other aspects. This should contribute and make progress toward more competitive fields and more competitive racing throughout a meet. This could attract people to the business (ownership; although that's another aspect of the business that needs to be cleaned up). This should lead to increased handle -- not just on-track handle however. Sure, there are several "shoulds" and "coulds" there -- but that is what's needed. A new paradigm. A paradigm shift in the way this sport and this business is looked at, operated, and run. I don't mean to oversimplify the problems or the solutions. This ain't your mom and pop grocery store anymore. You can't run it like it is. Eric |
#138
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![]() Eric I agree with you. Tracks cannot survive by just offering racing anymore. There needs to be other sources of revenue. Hopefully that revenue finds it was into purses. Who cares if a non-racing fan goes to the "racino" and takes in a show, or eats dinner or watches a movie. The point is that revenue is being generated to increase purses and that helps fields, horseman and basically the industry. If 1 of a thousand people turn into a horse player then it was a success. If not, horsemen will gladly accept the money the patrons spent on dinner or other forms of entertainment.
The business needs to evolve and not digress. It needs to transform likes other forms of entertainment has. I think it has a long long way to go but with people like Frank we can get there. Not saying his way is right, but at least he is trying. |
#139
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#140
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However, personally, unless they turn a deaf ear and neglect to see the reality -- I believe it can come back. Perhaps I am being naive. However, I do remember years ago Barry Schwartz going up to Woodbine (I believe he visited other tracks with VLT's, racinos, etc. as well). I was talking with him once about it and I remember him talking about when he came back he spoke of the facility and the business model. He had a very positive reaction and attitude -- he liked it. Maybe I am wrong but that's the way I remember it and that is my interpretation. He might have even gone as far as saying something along the lines of "that's what we should have" or "we should build it that way" (I don't remember). Anyway -- this is NY baby!!! The greatest place in the world!!! You want hot dogs -- you go to Nathan's in CI ! You want pastrami, head over to Katz's or the Carnegie Deli (I love The Stage as well, LOL). You want it, you got it and the best of it -- right here . . . The greatest city in the world. AND . . . if you want racing baby -- well it should be that NY RACING IS WHERE IT'S AT!!! Don't count it out just yet. Some of us might think that it might be on life support . . . but it ain't dead yet. LOL. Eric |
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