Quote:
Originally Posted by Kasept
September meet was also a response to need on the circuit due to the inability of Turfway to maintain the season at a level befitting the time of year. As discussed with Coach, they certainly made a tactical error assuming that gaming was coming and didn't want to utilize Instant Racing. (I haven't asked if they'll revisit that.) Regarding the revenue side of things, anyone would expect - demand even - that a publicly traded company attempt to maximize their profit opportunities. Except it seems when it comes to CDI.
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This is true on the September meet, and the expectation a public company attempt to maximize profit. Therein lies the rub- most public companies aren't at the top of an industry with many small businesses relying on their judgement of disbursement with less than stellar contracts binding them and even less than stellar replacement options (as you noted above, the option to run out of state exists but for far less purse money.)
I just don't like the 'corporate spin' put on by CDI all the time like this, claiming "we did it for the horsemen", when in reality it's all about the bottom line.
Is the best model a not-for-profit entity running the race track? I don't know, but two of the top tracks (Keeneland and Saratoga) fall under that approach.