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#1
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I can only hope to imagine the expenses they are claiming are " racing expenses. " The whole story is a complete and utter fabrication in an attempt to coerce the government into allowing them to pretty much ( and eventually totally ) eliminate racing and the carrot they offer is revenue from slots.
Thank God the governments keep us safe from crack cocaine and prostitution and allow us to play slot machines and the lottery. Soon slots will keep citizens safe from the evils of wagering on horse racing. |
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#2
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The original article from the Des Moines paper was slightly more informative:
Does that mean if there was no horse racing that there would be $29 million more for charity? Not precisely. The costs include some expenses that would remain if Prairie Meadows were a casino only. For instance, $4.2 million of Prairie Meadows' $15.6 million lease was allocated to racing, as were a share of other departments' salaries and expenses that deal with both the casino and racing. The figure also includes $1.2 million for depreciation. "This is arbitrary, it's not scientific," Ann Long-Richards, Prairie Meadows' vice president of finance, told the board. http://desmoinesregister.com/apps/pb...0405/-1/LIFE04 |