MEC '07 losses total $113,000,000

[GBBob]

Originally Posted by freddymo

It's apositive long term and it accelorates a cleansing that is badly needed. I think Andy meant serious repercussions to have negative implications.. I see it as a huge long term positive. The industry is dying because nobody has figured out how to earn.. So one of two things have to happen.. Either the Europeans buy up the real estate with there inflated euro and try to run these properties at cash flow break even or half the dates for racing get eliminated and the industry downsizes to something that the betting base can support.. I view the latter as a huge positive

I was actually going to post the same thought yesterday and then compare horse racing as a business to retail. Look at what has happened to that industry over the last 10-15 years..Wards, Gold Circle, Service Merchandise, Clover, Venture, etc etc. All once viable businesses that went by the wayside as W-Mart, Target, Kohls etc beat them at their own game. It is an oversimplification, but if GP went away, would anyone notice in 5 years? Could that strengthen FLA racing/racing in general by making the other tracks more attractive and with better races, fields, purses? It sure seems to have worked in other industries.