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-   -   Track privitization (http://www.derbytrail.com/forums/showthread.php?t=38698)

chucklestheclown 10-05-2010 02:04 PM

Quote:

Originally Posted by Cannon Shell (Post 703660)
Like automakers and banks?

Yes. And so what if Randall's honesty is negative.
And, unless you are in England, it is "privAtization," in England, it is "privAtiSation." Thank you for your support.

parsixfarms 10-05-2010 02:23 PM

Quote:

Originally Posted by randallscott35 (Post 703676)
You are missing the point. Horse racing survives on gambling, not concessions or attendance...If every track needs VLTs than something is wrong with the business model. Of course it can be fixed. But don't expect government to be the one to fix it.

No, it's you who are missing the point. If government didn't have its hands so deep into racing's pockets, tracks probably wouldn't need VLTs to survive. The "current model" is broken because of the heavy "taxes" that government imposes on racing, unlike other gambling enterprises such as casinos. (That's why the "takeout" at those venues can be so much lower than at race tracks.) The reason NYRA has the highest handle in the country yet purses that are not commensurate with that handle is the huge "skim" going to government. Alex Waldrop spelled this out very well in testimony earlier this year to the NYS Senate Racing Committee.

randallscott35 10-05-2010 02:26 PM

Quote:

Originally Posted by parsixfarms (Post 703691)
No, it's you who are missing the point. If government didn't have its hands so deep into racing's pockets, tracks probably wouldn't need VLTs to survive. The "current model" is broken because of the heavy "taxes" that government imposes on racing, unlike other gambling enterprises such as casinos. (That's why the "takeout" at those venues can be so much lower than at race tracks.) The reason NYRA has the highest handle in the country yet purses that are not commensurate with that handle is the huge "skim" going to government. Alex Waldrop spelled this out very well in testimony earlier this year to the NYS Senate Racing Committee.

That skim is specific to issues within NY state, that is not the same issue in NJ. OTB issues, that have nothing to do with NJ issues which is what this thread started out as. You are trying to paint with a broad brush. The government is part of the problem, to say it is the whole problem in racing is untrue.

Cannon Shell 10-05-2010 02:56 PM

Quote:

Originally Posted by randallscott35 (Post 703676)
You are missing the point. Horse racing survives on gambling, not concessions or attendance...If every track needs VLTs than something is wrong with the business model. Of course it can be fixed. But don't expect government to be the one to fix it.

Aren't VLT's a form of gambling? Why should tracks be prevented from exploring other avenues of gambling when the current landscape already allows that in competiting states? Isn't the gov't restricting the types of gambling allowed at track in NJ? So if they want to play favorites with private gambling businesses, why shouldn't the racetrack get paid if they arent allowed to expand their menu? The state shouldnt be in the racetrack business because most states cant run any business profitably. But that doesn't mean that the racetracks aren't still hamstrung by the states decisions.

Cannon Shell 10-05-2010 02:59 PM

Quote:

Originally Posted by chucklestheclown (Post 703680)
Yes. And so what if Randall's honesty is negative.
And, unless you are in England, it is "privAtization," in England, it is "privAtiSation." Thank you for your support.

Honesty isn't in question here. Randall has totally oversimplified the entire situation and used quotes by politicians in doing so. I dont know which is worse. Or if you are a product of the NY education system, worser.

Cannon Shell 10-05-2010 03:01 PM

Quote:

Originally Posted by randallscott35 (Post 703694)
That skim is specific to issues within NY state, that is not the same issue in NJ. OTB issues, that have nothing to do with NJ issues which is what this thread started out as. You are trying to paint with a broad brush. The government is part of the problem, to say it is the whole problem in racing is untrue.

They arent made out to be a problem because they are quite profitable and the state doesnt want to give them up.

alysheba4 10-05-2010 03:08 PM

Quote:

Originally Posted by Coach Pants (Post 703620)
The racinos are a band-aid. When all of the tracks get them it will starve the smaller tracks that have them now.

What they need to do is add the racinos and legalize all drugs and prostitution but just let the tracks sell the drugs and whores.

That way the tracks can make money and still be horrendously incompetent.

........i need a $2 tri box and a blumpkin

randallscott35 10-05-2010 03:46 PM

Quote:

Originally Posted by Cannon Shell (Post 703706)
Aren't VLT's a form of gambling? Why should tracks be prevented from exploring other avenues of gambling when the current landscape already allows that in competiting states? Isn't the gov't restricting the types of gambling allowed at track in NJ? So if they want to play favorites with private gambling businesses, why shouldn't the racetrack get paid if they arent allowed to expand their menu? The state shouldnt be in the racetrack business because most states cant run any business profitably. But that doesn't mean that the racetracks aren't still hamstrung by the states decisions.

Once again Chuck it is tiring to say the same thing over again. I was against the bailouts. I am against the state helping casinos, I am against the state helping the autos, I am against the state helping horse racing if it means losing millions of taxpayer dollars in the process. Why you continually change the subject is beyond me...

Explore away on VLTs. I'm at a loss for seeing how pulling a handle is helping boost the sport in any kind of long term way. I don't expect someone who works in the industry to turn down a handout.

randallscott35 10-05-2010 03:47 PM

Quote:

Originally Posted by Cannon Shell (Post 703709)
Honesty isn't in question here. Randall has totally oversimplified the entire situation and used quotes by politicians in doing so. I dont know which is worse. Or if you are a product of the NY education system, worser.

Not in NJ I didn't....I can't speak for every jurisdiction. NJ racing is losing money and has been for many many years.

Cannon Shell 10-05-2010 04:07 PM

Quote:

Originally Posted by randallscott35 (Post 703740)
Once again Chuck it is tiring to say the same thing over again. I was against the bailouts. I am against the state helping casinos, I am against the state helping the autos, I am against the state helping horse racing if it means losing millions of taxpayer dollars in the process. Why you continually change the subject is beyond me...

Explore away on VLTs. I'm at a loss for seeing how pulling a handle is helping boost the sport in any kind of long term way. I don't expect someone who works in the industry to turn down a handout.

You simply refuse to understand the issue. Companies and industry doesnt operate in a vacuum, they pay taxes and employ people as well. The "subsidies" that you refer to in NJ are directly related to VLT's. That is pretty obvious to us 'insiders'.

Cannon Shell 10-05-2010 04:08 PM

Quote:

Originally Posted by randallscott35 (Post 703741)
Not in NJ I didn't....I can't speak for every jurisdiction. NJ racing is losing money and has been for many many years.

What is "New Jersey racing"?

randallscott35 10-05-2010 05:00 PM

Quote:

Originally Posted by Cannon Shell (Post 703753)
You simply refuse to understand the issue. Companies and industry doesnt operate in a vacuum, they pay taxes and employ people as well. The "subsidies" that you refer to in NJ are directly related to VLT's. That is pretty obvious to us 'insiders'.

You aren't an insider. Your bread is buttered by the industry which in effect calls everything you would say on this into question.

randallscott35 10-05-2010 05:02 PM

Quote:

Originally Posted by Cannon Shell (Post 703755)
What is "New Jersey racing"?

Is this a real question? Monmouth and the Meadowlands. And yes our budget shortfall and is in the billions per year currently. Would you like to reduce the school lunch program or close Harness racing as a starting point.

Cannon Shell 10-05-2010 05:43 PM

Quote:

Originally Posted by randallscott35 (Post 703773)
You aren't an insider. Your bread is buttered by the industry which in effect calls everything you would say on this into question.

Seriously? Are you really this ignorant?

randallscott35 10-05-2010 05:48 PM

Quote:

Originally Posted by Cannon Shell (Post 703802)
Seriously? Are you really this ignorant?

Another excellent answer Chuck and yet another insult rather than a response. The thread is about NJ racing and our budgetary issues as a state.

If VLTs are so successful, why have horse racing at all? It is about where your gambling dollars are going to go. If you want to funnel VLT money into horse racing forever, I'm wondering where that business model ends. When VLTs are around every corner? When does the horse racing product on its own make money.


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