CDI (tracknet) lied?

[Cannon Shell]

http://www.drf.com/news/article/101178.html

What a surprise....

[deltagulf]

you are right nothing new . these companies are always trying to get more then what they should.

[Cannon Shell]

Originally Posted by deltagulf

you are right nothing new . these companies are always trying to get more then what they should.

CDI lies all the time. My post was somewhat self serving as the horseman have taken plenty of heat with the signal blockages in the past and I was just citing another example of CDI either going back on its word, distorting the facts or outright lying. Not that horseman should be absolved of all blame in these matters but CDI/Tracknet in particular is at best ethically challenged.

[sumitas]

What a quagmire to get the signal out and the bets in . I do notice CD keeps cutting purses and that gives me a negative view of that company .

[ArlJim78]

what did they lie about, i never log in to DRF.

[hoovesupsideyourhead]

just when things were getting back to normal..god forbid you could wager on all the good tracks..

[reese]

Originally Posted by Cannon Shell

CDI lies all the time. My post was somewhat self serving as the horseman have taken plenty of heat with the signal blockages in the past and I was just citing another example of CDI either going back on its word, distorting the facts or outright lying. Not that horseman should be absolved of all blame in these matters but CDI/Tracknet in particular is at best ethically challenged.

The beginning of the end was when CDI sold Hollywood Park. The sport of racing is the product of the Churchill Downs, Inc. (CDI) Corporation's goals are to maximize profits to the SHAREHOLDERS. If that means withholding product and/or reducing costs(purses) that is what corporations do.

CDI has a desireable product. If "you" want the product, you pay what the company wants. It is the perogative of the company (CDI) to set the price for their product(racing signals) CDI also does NOT publish track attendance or handle for ANY of their tracks. Does Kraft list how many bars of cheese they sell? NO. They file qtrly tax reports. This is the position of the company CDI. Attendance and handle figures are not publicly listed for of their tracks. (NYRA lists both daily)

As for the bettor, ADW's, horsemen, etc. they are incidential aspects.
The issue for CDI is they are reluctant to renegotiate their price for the signal for their tracks. It's their product and they dictate market rate....
The allegiance of CDI is to it's SHAREHOLDERS. If you love CDI, buy their stock.


http://biz.yahoo.com/e/090120/chdn8-k.html

[Cannon Shell]

Originally Posted by reese

The beginning of the end was when CDI sold Hollywood Park. The sport of racing is the product of the Churchill Downs, Inc. (CDI) Corporation's goals are to maximize profits to the SHAREHOLDERS. If that means withholding product and/or reducing costs(purses) that is what corporations do.

CDI has a desireable product. If "you" want the product, you pay what the company wants. It is the perogative of the company (CDI) to set the price for their product(racing signals) CDI also does NOT publish track attendance or handle for ANY of their tracks. Does Kraft list how many bars of cheese they sell? NO. They file qtrly tax reports. This is the position of the company CDI. Attendance and handle figures are not publicly listed for of their tracks. (NYRA lists both daily)

As for the bettor, ADW's, horsemen, etc. they are incidential aspects.
The issue for CDI is they are reluctant to renegotiate their price for the signal for their tracks. It's their product and they dictate market rate....
The allegiance of CDI is to it's SHAREHOLDERS. If you love CDI, buy their stock.


http://biz.yahoo.com/e/090120/chdn8-k.html

CDI's product is becoming less desirable for the most part because of their antics. The product is actually not CDI's alone. They dont own a single horse that runs at their tracks. The issue at hand in this thread isnt the pricing or corporate responsibility. It is the continuing pattern of untruths and broken promises and deals that follows this company around.

[reese]

Originally Posted by Cannon Shell

CDI's product is becoming less desirable for the most part because of their antics. The product is actually not CDI's alone. They dont own a single horse that runs at their tracks. The issue at hand in this thread isnt the pricing or corporate responsibility. It is the continuing pattern of untruths and broken promises and deals that follows this company around.

Why do you expect CDI to be any different than any other large corporation when you mention "untruths and broken promises"...a la Enron, WorldCom, Citicorp and the others,etc?

Of course CDI doesn't own the horses but they own the physical plant,track, stalls, grandstand, etc. Walmart doesn't actually manufacture all the products they sell but they own the store, shelves, parking lot, set the prices, etc.
Same difference.