Credibility????? You fool! This is the internet....this particular self-proclaimed fact-matron needs no credibility. All she needs is a user ID....that's her credibility.

Yeah, they could take the horse shuttle, or a private car service and charge the taxpayer $100 for the trip. LOL.


If NYRA is so great, why can't they do this as a for profit. Why do they need to be a non-profit? Perhaps because it is a little harder when you have to answer to shareholders than corrupt politicians that can be bought off with a few seats at Saratoga.

Really? So the racing that NYRA puts on NET takes money out of taxpayer's pockets? Really?

Even for someone as obviously challenged as you this is a pretty stupid thought.

I think my credibility speaks for itself.. And consider your intelligence insulted because vendors work with Centerplate, the contract feeder that operates concessions at the tracks. NYRA has no day to day involvement with the foodservice operations. NONE. Is Centerplate not entitled to make money on their investments in operating the concessions? They AREN'T a non-profit. They do however have to move equptment all over thye place and bring staff upstate to run the SAR operation, etc. Again, you are out of your element on this topic.

Really? Then you know nothing of the structure of his stock. Why don't you pick up the new book about Stronach, MEC and Magna Corporate. You'll be very surprised...

Tough and fair question.. I'd have to guess that a lot of the financial struggles stem from the issues with the NY OTB Corporations, the poor structuring of that relationship as originally legislated by the State, and the original under-valued contracts with them and with other signal vendors.

All things that can be fixed. A non-profit can benefit the game by taking the shareholder equity issue out of the equation. If no money has to go in that direction, it can be funneled back into the facilities, the purses, the game, the state's breeding program, etc.

I respect that many believe we're all better off with a for-profit, but I'm kind of perplexed that you find the benefit of a non-profit model hard to understand or appreciate.

I am glad you have at least begun to admit your deficiencies.

NYRA was set up as not-for-profit by the State. The argument for Not-for-Profit vs. For-Profit is an extensive, and actually quite interesting, one. In essense, the feeling is that the most successful model for running a racetrack is not-for-profit as in that model any " profits " are put back into the track as opposed to investors' pockets.

The real reason this is such an especially big issue in the case of the franchise for racing in NY State is that enormous profits will soon be generated from Slots. NYRA feels any money the " franchise " ( whomever is running it ) earns from the Slots should be returned to the racetracks ( better purses, capitol improvements, etc ) while those desiring a For-Profit model would like to take that money out of racing.

The vast majority of the most successful racetracks in North America are Not-For-Profit.

To me one of the most interesting things about this situation is that in the past one of the reasons NYRA maintained the franchise is that there were simply no other bidders. Coincidentally, many other bidders showed up when Slots were introduced to the equation. These same people are also only interested in " running " the franchise if it is changed to not-for-profit.

So, look at it this way, whether you like it or not, only NYRA is interested in returning ALL " profits " to racing while others would like to put those SAME " profits " in their pockets.

They do cost the taxpayer money. You look at it like a simpleton, I look at it what it could make if it wasn't run by a non-profit. The breeding business is not NYRA. The jobs are not NYRA, they would be anyone.

How it costs me money is by being a non-profit. They lose money and are in the process of filing for bankruptcy.

http://www.thoroughbredtimes.com/tod...67377&subsec=1

rev stop paying your taxes then you wont feel "cheated"...steve andy..why bother..

hooves...time for you to run for office :D

I look at it like a simpleton?

My guess is the above statement was generated by you as you are someone who looks at everything in such manner.

Here's a little help for you ( since you REALLY need it )....how many dollars in revenue for the state are derived through the handle at NYRA and OTBs on races run at NYRA tracks throughout NY State?

I'm bored and trying to help this severly confused young woman.

Yeah, NYRA is going to return the profits to racing, but somehow they will find a way for there to be no profits.

Why can't NYRA get a deal done with MGM? I am sure MGM wants non-profit slots. LOL.

Explain to me how NYRA can get in bed with MGM if they are so concerned with profits going back to horse racing. MGM isn't interested in profits I guess.

They have had a deal done with MGM for at least the better part of a year and this has been confirmed by both parties.

Remember, ma'am, just the facts.

Ill take you on that idiotic bet. You are out of your mind if you think they are up. Too bad I will not be at the BC to take your money.

Ok. Just the facts.

Have you ever received a check from NYRA for work done for them, or appeared on any NYRA show. FULL DISCLOSURE PLEASE.

Facts, the State has approved no deal between NYRA and MGM. If it was a for profit, there would be no need for State approval.

Quick question if anyone can answer. How many millions is Frack Stronach and his for profit Magna entertainment group in the hole this year? Is it over 100mil? or somewhere around 25mil. All I know is its way more than what NYRA is losing.

I stated that in the post above.


The Facts are simple. If the crooks at NYRA are going to still insist they own the land the tracks are on, they will get nothing and be gone soon enough.

Why is a non-profit so concerned over whether or not they own the land or not?

Doesn't matter. It is a for profit. They don't go to the state government and the NY taxpayer to bail them out. NYRA wants another $19M in taxpayer dollars to keep going. That is NY taxpayer dollars. What is the point in horse racing in the state if it costs the taxpayer dollars? You might as well bring in a for profit, the breeding business, jobs, etc. won't go anywhere with a for profit running things.

Wow 19million dollars how much of that is going to come out of your pocket 1-2million. Whoa id be upset to! I bet your one of those people that think just because teachers get paid with taxpayers money that you are directly their boss.

Great news for the NYRA. More importantly, great news for racing in general. It appears that most meets throughout the country are up with a few exceptions. The fact I like is the number of starters was up 5.3%. This is huge. The number of starters per race has also increased from track to track meet per meet. This is good news for the industry as well.

New York has the best racing in the world throughout the year. But I think Spitzer is gung ho on getting rid of them (NYRA). They know how to put a good product on the track but there is no denying the corruption inside the NYRA by some people. I am also confused as to why they are always losing money. Apparently, they have a bad business model. Imagine how GREAT New York racing COULD be in they had someone in there that not only knew how to put a great product on the track but also knew how not to lose money. Maybe the NYRA can figure that out.

Hooves Atleast i thought that was quiet funny.:D

Because I know nothing about the subject at hand. But Im enjoying reading this thread.

Bababooey, Ill take the bet. Message me with the particulars

Fa Fa fooooo hi is a fool. He knows nothing, it already been posted they are down and I highly doubt he would pay up.

It is well known that I worked for NYRA in the past. If you know it you can rest assured everyone does. I have never hidden that or my friendships with people at NYRA...duh, I have even alluded to it in this thread.

None of that changes the FACT that I have had to correct a number of you posts where the supposed " facts " that you were delivering were in " fact" lies.

The State claimed, inaccurately, that MGM had not made a commitment ( actually it was the State Lottery head that made these inaccurate recent claims ). MGM sent a letter clarifying this. This supposed " approval " you mention has been sitting on Pataki's desk, so to speak, for a number of months and despite urging from anyone with the interests of racing in mind the soon to be unemployed Mr. pataki refuses to sign the deal. My guess? He's out of crayons.

WHO are these corrupt individuals that you claim there is " no denying " exist???

WHO are they? We need to know, since apparently they exist in this absurd internet world, and nobody can actually find them in the flesh.

They are down. Please show me where this has been posted, and not by some internet poster.

I dont know the names of the people. Now dont be splitting hairs here, you know as well as I do that there was corruption in NYRA. Not saying it was something to get all ruffled up over--but it was there. I am just curious as to why they are always losing money and are always wanting the State to bail them out.

Yes, there WAS corruption there, and the individuals responsible are now gone and the situation has been cleaned up to the absolute satisfaction of Eliot Spitzer and Alan Hevesi.

However, you said there is " no denying the corruption inside the NYRA by some people " which implies there continues to be corruption there. If you are going to make these slanders be prepared to back them up. If this isn't what you meant then you should be careful how you word such accusations.

Well perhaps you shouldnt be so sensitive while reading posts. I dont think I ever said that "currently there is corruption" or "right now, there are corrupt people"......I just said corruption, which exsisted so therefor my statement was accurate.

Whether or not I am being sensitive doesn't change a certain responsibility in making comments. Your comments would suggest that you believe that corruption currently exists at NYRA and that this was basically obvious. These are two beliefs that I do not agree with and feel strongly should only be made if one can specifically back them up. Frankly, I expect idiocy from that other poster here, as she probably has trouble with Velcro, but you do know better. You have every right to not like NYRA, or any organization you so choose, but by the same token you have a certain responsibility in your claims, especially those kinds, and vagueness is not a reasonable defense.

I like the NYRA and I feel that my post no way implied that there was still on-going corruption inside the NYRA. I also believe that statements made should be able to be backup as well. I have been on both sides of the fence. But, in my opionin, no way did my statement imply or infer that there is ongoing corruption inside the NYRA. Again, I like the NYRA and I think they do a good job. I just think there is a better group out there that can do an even better job.

I get my facts the same place you do. I make them up in my head.

There may always be a better group. However, who are they in this case?

I wish I knew the answer to that question. I should of said this...I like the NYRA, but I think they need a better business model. I don't think a non-profit should be losing money like they are. A better business model is basically what they need.

I don't have the answer, or really anything close to it, but I would guess that at least some of NYRA's problems stem from mismanagement in the past. However, I have a lot of confidence in those in charge now, and less than none in at least one of the current supposed " bidders ". I know little to nothing about Excelsior, on the other hand, but as of now there is no information available on what, if any, plans these groups have for running racing in NY.

Truthfully, the main thing the current management at NYRA have going against them is the name NYRA, as they differ substantially, if not completely, from the leadership of the past.

What are you going against here foo hi. Up 8-10% from what when where lets get a little more specific

I should take this bet but I want the handle to be up so I dont want to jinx anything. Keenelands handle has been declining over the past 12 years. Some years are up and some are down, but it has been on the decline for quite some time. So far, from what I have heard, it is about even from last year. However, Keeneland did benefit by the BC being in Nov this year. Gave trainers and owners 1 more week of rest. It is interesting to see the dauly handle chart for Keeneland. Most meets make their money at the middle or end. Keeneland makes theirs in the first week and then it is down from there. But I have a feeling it will be up this meet---they were hoping for 15% but that is not going to happen. I am guess 1% or maybe 2.4%.