Delaware North

#1 07-10-2006, 03:34 PM

Well the alliances are forming. Delaware North (which is a very very fine company) has joined Empire Racing in the bid to operate Belmont, Aqueduct and Saratoga.

Here is the link to the story in bloodhorse.
http://news.bloodhorse.com/viewstory.asp?id=34330

#2 07-10-2006, 03:36 PM

Yeah I guess NYRA should quit now, after all they are only teaming up with Bally's. Do you really think that Delaware North has the cash that Bally's has?

#3 07-10-2006, 03:40 PM

Quote:

Originally Posted by oracle80

Yeah I guess NYRA should quit now, after all they are only teaming up with Bally's. Do you really think that Delaware North has the cash that Bally's has?

Well no....but I was just saying that Delware North are now aligned with Empire Racing. And Delaware North is a fine company. That is all.

#4 07-10-2006, 03:42 PM

Quote:

Originally Posted by eurobounce

Well no....but I was just saying that Delware North are now aligned with Empire Racing. And Delaware North is a fine company. That is all.

They don't have the ching to get this franchise. Its pretty funny when I hear people talking about the players in this thing and the cash situation. I'm sure Magna and Churchill have a lotta cash, but Bally's well hell, I mean, whose gonna outbid them and they are gonna put up the ching in the NYRA alliance.

Downthestretch55 · #5 07-10-2006, 03:44 PM

I don't know a lot about the situation, but I think Magna might be having difficulties, otherwise...why are the execs bailing?

http://www.thoroughbredtimes.com/tod...65004&subsec=1

#6 07-10-2006, 03:51 PM

Quote:

Originally Posted by oracle80

They don't have the ching to get this franchise. Its pretty funny when I hear people talking about the players in this thing and the cash situation. I'm sure Magna and Churchill have a lotta cash, but Bally's well hell, I mean, whose gonna outbid them and they are gonna put up the ching in the NYRA alliance.

Churchill can outbid Ballys in a second. MEC is a different story, but I wouldnt put anything past Frank. Ballys doesnt have enough cash to make a bid like Churchill can. Ballys has too much debt.

#7 07-10-2006, 03:53 PM

Quote:

Originally Posted by eurobounce

Churchill can outbid Ballys in a second. MEC is a different story, but I wouldnt put anything past Frank. Ballys doesnt have enough cash to make a bid like Churchill can. Ballys has too much debt.

I mispoke completely and apologize for the error, its MGM that is teaming with NYRA, not bally's. Can CD outbid MGM? LOL!!!

#8 07-10-2006, 03:55 PM

Quote:

Originally Posted by oracle80

I mispoke completely and apologize for the error, its MGM that is teaming with NYRA, not bally's. Can CD outbid MGM? LOL!!!

Now that is a different story--lol.

#9 07-10-2006, 03:56 PM

Quote:

Originally Posted by Downthestretch55

I don't know a lot about the situation, but I think Magna might be having difficulties, otherwise...why are the execs bailing?

http://www.thoroughbredtimes.com/tod...65004&subsec=1

They have been having problems since 2000. Frank has got himself a mess over there. But I think he will get it straightened out.

Downthestretch55 · #10 07-10-2006, 03:56 PM

Quote:

Originally Posted by oracle80

I mispoke completely and apologize for the error, its MGM that is teaming with NYRA, not bally's. Can CD outbid MGM? LOL!!!

LOL. I was just looking for the MGM story at TB times, came back to post the link, and you beat me "O".
I think NYRA will be there with their backing.
We'll see.

#11 07-10-2006, 04:03 PM

Just by looking at the balance sheets between MGM could crush Churchill

MGM GRAND Cash Assets
2005 2004 2003
Cash And Cash Equivalents 377,933 435,128 178,047

Churchill
Cash And Cash Equivalents 27,683 34,979 18,053

The question is, what percentage is MGM going to commit to the racing in New York.

Downthestretch55 · #12 07-10-2006, 04:11 PM

Quote:

Originally Posted by eurobounce

Just by looking at the balance sheets between MGM could crush Churchill

MGM GRAND Cash Assets
2005 2004 2003
Cash And Cash Equivalents 377,933 435,128 178,047

Churchill
Cash And Cash Equivalents 27,683 34,979 18,053

The question is, what percentage is MGM going to commit to the racing in New York.

Good question. Guess we'll find out soon enough.

Can we bet on this?

#13 07-10-2006, 04:13 PM

I believe they will commit what it takes to get the franchise because they realize that having slots in NYC will reap incredible action. And no way is CD or anyone else going to outbid them if they want it.

Downthestretch55 · #14 07-10-2006, 04:17 PM

Quote:

Originally Posted by oracle80

I believe they will commit what it takes to get the franchise because they realize that having slots in NYC will reap incredible action. And no way is CD or anyone else going to outbid them if they want it.

I'm inclined to agree with you Oracle.
Has anyone heard what Trump is doing?
The NYC slots will sink his AC interests.
I wouldn't be surprised to see him make some alliances pretty quickly.

#15 07-10-2006, 04:20 PM

The shady mobsters in NYRA will pay off the right people. They shouldn't get it and some should be in jail, but it is NY where the word legal means nothing.

#16 07-10-2006, 04:20 PM

Quote:

Originally Posted by oracle80

I believe they will commit what it takes to get the franchise because they realize that having slots in NYC will reap incredible action. And no way is CD or anyone else going to outbid them if they want it.

You arent going to outbid MGM--no way and no how. It is all about what % MGM is going to throw at horse racing. Remember, they MGM is also the biggest donor to people who favor anti-gaming legislation.

#17 07-10-2006, 04:27 PM

Quote:

Originally Posted by eurobounce

You arent going to outbid MGM--no way and no how. It is all about what % MGM is going to throw at horse racing. Remember, they MGM is also the biggest donor to people who favor anti-gaming legislation.

Mark my words, in the end, when its all settled, Nyra retains the horse racing side with MGM running the slots.
The fact is the dispute over who owns the land is the trump card. I asked a pretty good lawyer about this and my first question was who owns the land. He said he wasn't sure if there was enough there for NYRA to win the dispute in the end. I then asked him if there was enough of a doubt for NYRA to get the case to court and get an injunction against anyone who wanted to race on the property and he said without a doubt.
NYA will keep this franchise in the end.

Downthestretch55 · #18 07-10-2006, 04:29 PM

Quote:

Originally Posted by boldruler

The shady mobsters in NYRA will pay off the right people. They shouldn't get it and some should be in jail, but it is NY where the word legal means nothing.

Bold Ruler,
I usually don't respond to your posts, as you've probably noticed.
Would you care to furnish some names to support your statement?

blackthroatedwind · #19 07-10-2006, 04:31 PM

Quote:

Originally Posted by boldruler

The shady mobsters in NYRA will pay off the right people. They shouldn't get it and some should be in jail, but it is NY where the word legal means nothing.

So let me get this straight, I repeated medical opinions from a surgeon I know last week, ones that sadly turned out to be far truer than anyone would have hoped, and you flew off the handle. You called me a liar. You said my stories were irresponsible and flat out fabrications. In a nutshell, you were completely out of line.

Now, you make a post here where you refer, generically, to employees at NYRA as " shady mobsters " and say that some of them should be in jail. I suppose this is a responsible post to you? Of course, it has as much validity as the garbage you spewed last week. So, what it would really be is the status quo from you.

Who are these " shady mobsters "? What specifically have they done that both makes them " shady monsters " and should also land them in jail?

Nothing like a little hypocracy to expose someone.

#20 07-10-2006, 04:33 PM

Quote:

Originally Posted by oracle80

Mark my words, in the end, when its all settled, Nyra retains the horse racing side with MGM running the slots.
The fact is the dispute over who owns the land is the trump card. I asked a pretty good lawyer about this and my first question was who owns the land. He said he wasn't sure if there was enough there for NYRA to win the dispute in the end. I then asked him if there was enough of a doubt for NYRA to get the case to court and get an injunction against anyone who wanted to race on the property and he said without a doubt.
NYA will keep this franchise in the end.

Shoot the land is the most valuable thing in all this. Well I dont know that NYRA would have a leg to stand on in court if the state awarded the franchise to another company. NYRA would lose that battle. But I agree that with MGM behind NYRA they will keep the license. However, it will be real interesting to see who has the final say so in matters that involve both slots and horse racing.