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.