NYRA Deal Passes NY Legislature

[ELA]

NYRA "projecting" a $15m loss is irrelevant and has nothing to do with their capabilities and abilities. That "projection" is based upon a snapshot in time and is part of a normal budget and planning process. It was also mandatory as part of the bankruptcy process. Basing one's opinion on an alleged $15 loss -- as a result -- is not only myopic but foolish as well.

The most qualified people and organization was chosen to run racing in NY, and most importantly, it's going to be a new organization with new a new operational mindset and culture and new operational proceedures -- and all of this is due, not to stupidity or incompetance, but due to a broken business model.

If the business model for NY racing is not fixed, it doesn't matter who runs racing.

Eric