Quote:
Originally Posted by blackthroatedwind
If they increase handle by 40% it will be wildly unsuccessful from a financial standpoint.
I'm all for what's good for the fans, and it's hard to believe this won't be great for them, but as a fan of Monmouth Park I would be concerned about it going forward.
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Kulina is hoping for a 20-25% daily increase. I'm not sure how much of that is managing expectations or whatever, but I think they do better than that number easily.
As a fan of Monmouth Park I also am concerned about it going forward. I love that they're taking a stand, a shot to try something new and possibly revolutionary, instead of just dying a slow death. The purse subsidy ends this year and I could see the AC casinos crying that they're doing poorly because PA has casinos now, etc and not wanting to re-up. What happens from there? Does Monmouth get their own slot parlor? Would it even be worth pursuing? From a more rosy perspective, what if this crazy idea actually works and they turn a 50% increase in handle? Does the industry take a clue?