NJ Casino Revenue for Tracks

[Cannon Shell]

Good news for Monmouth and Meadowlands for 3 years

[ShadowRoll]

Originally Posted by Cannon Shell

Good news for Monmouth and Meadowlands for 3 years

Yes, but eventually there will be a show down. As the AC casinos continue to lose money to neighboring states, there will come a time when they balk at paying the "non-competition" premium to the tracks.

[Cannon Shell]

Originally Posted by ShadowRoll

Yes, but eventually there will be a show down. As the AC casinos continue to lose money to neighboring states, there will come a time when they balk at paying the "non-competition" premium to the tracks.

Very true, perhaps in 3 years though 30 million is a small price to pay for no instate competition. It is troubling that the NJ tracks cant get a longer term deal with a very pro-racing governor in office. I know this has been brought up in another thread but in 7 or 8 years we could be looking at a no Monmouth, Gulfstream, Santa Anita, racing in Ohio and perhaps Northern California. It may not be likely but it is more of a possibility each passing year.

[freddymo]

Originally Posted by Cannon Shell

Very true, perhaps in 3 years though 30 million is a small price to pay for no instate competition. It is troubling that the NJ tracks cant get a longer term deal with a very pro-racing governor in office. I know this has been brought up in another thread but in 7 or 8 years we could be looking at a no Monmouth, Gulfstream, Santa Anita, racing in Ohio and perhaps Northern California. It may not be likely but it is more of a possibility each passing year.

Monmouth isn't going anywhere........If it takes subsides to support a business then unfortunately the business is pretty crappy.

[Cannon Shell]

Originally Posted by freddymo

Monmouth isn't going anywhere........If it takes subsides to support a business then unfortunately the business is pretty crappy.

Thanks Adam Smith

[freddymo]

Originally Posted by Cannon Shell

Thanks Adam Smith

In 1760 horse racing was a gentlemen's sport

[Cannon Shell]

Originally Posted by freddymo

In 1760 horse racing was a gentlemen's sport

You mean it isnt gentlemanly anymore?

[2 Dollar Bill]

Originally Posted by ShadowRoll

Yes, but eventually there will be a show down. As the AC casinos continue to lose money to neighboring states, there will come a time when they balk at paying the "non-competition" premium to the tracks.

I Know there are some assemblymen from SJ that want to get Sports Betting into AC casinos. This is probably in response to the Race slots in the neighboring states.. If they get on this like the OTB's... that should happen in about 50 years...

[ELA]

Well, as an owner who absolutely looks forward and loves racing at Monmouth -- this is, short term, good news. I will see the details and specifics of the deal as soon as it gets memorialized, however, if it's similar to the structure of the last deal, this is good news -- again short term.

However, for the long-term health and well being of the industry -- state wide -- there needs to be a long term solution and strategic plan; or else the industry will atrophy over time. Sports gambling adds an interesting aspect to this. This has long been on the agenda, and the casinos are getting more support now than ever before. Corzine is the right guy in the office to make it happen.

Anyway, $90m over 3 years -- I can't wait to see the condition book, LOL.

Eric