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Originally Posted by Kasept
Think we're on the same page on this generally. 'Declining handle' is a broad-based issue that cuts through a wide array of the more mundane to intricate issues.. Agree wholeheartedly about too many races at too many tracks. The boutique meet philosophy continues to stand as the example to be emulated: Less racing of full fields for better purses = solid handle. From what I read and hear, adjusting the revenue split reasonably does not have to take away from rebates. And if the top level bricks and mortar operators had an appropriate 'modern era' revenue stream from the simo model, they could more easily approach state governments with plans for takeout reductions.
There is no simplistic 'fix-all' here is the message I think... There are so many inter-related issues that depend on almost a domino effect. That's why in the "Out Industry" segments I'm doing with Satish Sanan, we keep coming back to his 4 point program that tries to address things comprehensively AND specifically:
1. Overall Industry structure and governance
2. Re-sizing game and repairing the revenue model
3. Integrity (Medication; Safety; Tote; Sales)
4. Horseplayer/Customer-centric Marketing/Service
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Steve is there anywhere that we can go to see the specifics of how Satish feels the 4 points can be addressed.