Lies & Lying Liars that tell them

[sumitas]

If I may interject until Steve responds...

theiman,"Thus, NYRA, being the current operator, will probably continue as the management of the tracks. Hopefully someone else, with top experience comes in to run the slots and the deal being made is a fair one for both sides."

Gov SPitzer has named NYRA as operator of horse racing. To me it seems there is some wiggle room for an operator of the slots, other than NYRA, to be named. Your scenario might come to pass. I hope NY just gets on with it this year. It's been about 5 years since this slots deal has been in limbo, 4 of which were under Pataki.

[theiman]

Originally Posted by sumitas

If I may interject until Steve responds...

theiman,"Thus, NYRA, being the current operator, will probably continue as the management of the tracks. Hopefully someone else, with top experience comes in to run the slots and the deal being made is a fair one for both sides."

Gov SPitzer has named NYRA as operator of horse racing. To me it seems there is some wiggle room for an operator of the slots, other than NYRA, to be named. Your scenario might come to pass. I hope NY just gets on with it this year. It's been about 5 years since this slots deal has been in limbo, 4 of which were under Pataki.

Yeah, the "probably" part has to do with the NY Legislature and how they want to handle Spitzers recommendation. I follow this stuff closely and have read all of the reports.

[jman5581]

Who owns the land, NYRA or the state? Has that been decided? Has a court issued an opinion that settles that dispute or is it still up in the air? How could a third party smartly bid on this franchise not knowing who owns a billion dollars worth of property?

[jman5581]

Nevermind, I see upon further review that the main fixture of the Spitzer deal was for the state to have the racetrack property while NYRA received some forgiveness of debts, etc (approx. $130M). Was that a good deal?!?!?!?!

It sounds like these guys are going to have to work together in the future. NYRA's going to get to run racing most likely, but you can see how the corporations are going to be used to bring in the slots and make the state more money.

[Scav]

I feel I should comment about using Arlington as an example. You are looking at a comparsion from 06' to 07', where field size was down by about 3 horses because no one wanted to run with fear of breaking down. For all extensive purposes, numbers were extremely even with 05's numbers, and has Arlington personal concerned because they were expecting 5-10% growth from the 05' numbers.

[SentToStud]

Originally Posted by Scav

I feel I should comment about using Arlington as an example. You are looking at a comparsion from 06' to 07', where field size was down by about 3 horses because no one wanted to run with fear of breaking down. For all extensive purposes, numbers were extremely even with 05's numbers, and has Arlington personal concerned because they were expecting 5-10% growth from the 05' numbers.

Did John Frank have a good meet?

[Scav]

Originally Posted by SentToStud

Did John Frank have a good meet?

Not sure, but I met him for the first time on contest day and he is really awesome.

[sumitas]

Originally Posted by jman5581

Nevermind, I see upon further review that the main fixture of the Spitzer deal was for the state to have the racetrack property while NYRA received some forgiveness of debts, etc (approx. $130M). Was that a good deal?!?!?!?!

It sounds like these guys are going to have to work together in the future. NYRA's going to get to run racing most likely, but you can see how the corporations are going to be used to bring in the slots and make the state more money.

jman hit the nail on the head. Spitzer needed to settle the land claim issue and he did so. Spitzer left open the possibility of another group running the slots part of the deal. I don't think there's any way another group gets the racing franchise because the land ownership issue will blow up in their face, so to speak.