Sad day in New York racing in my opinion. Writing off $120 million in bad debt-laughable. I am sure the people in New York who do not care about racing really appreciate their tax dollars being forgiven. And addition $105 million in direct aid. For a grand total of $205 million--this is hilarious. How on earth can you have confidence in a group who needs $225 million in order to operate.
“I don’t think we’ll be bailing them out anymore," said Assemblyman Gary Pretlow, chairman of the Assembly racing committee. This might be the most hilarious statement I have read in a really long time. I would wager my house that the NYRA will be back to the state in 5 years asking for money. The peple running NYRA have no clue what they are doing when it comes to a successful business model.
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