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Originally Posted by Kasept
No it wasn't. It was a rejoinder in the same vein that the NYRA discussion involving Whodey has had all along and simply challenged his knowledge of the full content in the debate. And minutes later when I was unhappy that I had written it, I yanked it.
It's pretty rare that I throw a haymaker around here.. And if I do I invariably think better of it.
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Thats fair, sometimes we regret what we post, at least we have the chance to change it.
Nobody still has addressed the other part of my post.
NYRA's Disclosure projections for 2008 called for a breakeven year on the B/L
However, as part of that projection was the gain on the sale of the parcel of land, at the Big A, for approx $15M. If NYRA no longer has a claim to the land, and it is sold for $15M who gets the $15M? If NYRA doesn't get the $$ then aren't the revised projections going to show a $15M loss for the bottom line?
If so, why are they so good to run the race track business and when will the state have to bail them out, make additional $$ donations, or will NYRA file Chapter 11 again(I am not so sure they can file chap 11 or a chap 7)
As for the poster who mentioned that Magnas Gulfstream casino operations are a failure, shouldnt you also mention that Magnas Remington Park casinos have outperformed expectations, while at the same time Remington Park cross promotes slots customers to the racetrack operations.
It seems readers of these posts would be better informed if as much of the facts are stated, not just the ones that back your side of the coin.