Quote:
Originally Posted by Cannon Shell
Racing will never be able to stand on its own without significant govt intervention. I told you this 2 years ago and it is more true now than ever.
You have interests hostile to racing operating tracks! You have competition from casinos everywhere. You have govt's bending over backwards to help casino intersts (see Revel in NJ) while actively working against racing.
There will be no racing without help anywhere. It is getting hard to convince people to breed and own horses at the current purse and breeding incentive levels. What do you think you will see with reductions? Contracting industries generally continue to contract till they are no longer relevant.
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Keep in mind Chuck, I have as much of an interest in racing succeeding as you do, and more interest in seeing as many tracks open as possible.
The business model for racing sucks. Costs are way too high for bettors and horsemen alike. Putting on the show could cost a whole lot less than it does now. But you are right, the tracks will die without subsidies. It was blown a long time ago when simulcasting models were implemented, and later when it was carried over to allow third parties to run ADWs and siphon off tons of money.
The whole thing needs to be blown up. There would be a lot of pain involved, but really I don't see any other way. We keep applying patches to a broken game, and eventually it will just die.