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#1
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Thanks for the clairification.
If you assume a 22.5% blended takeout, they need to make ~$666,000 in additional handle to pay for this, or $111,000 per race in the sequence throughout the day pre-tax etc. For a track like Woodbine, which handled $2.1 million last Sunday, this is a lot of money. Especially for a Sunday, which is not as big of a simulcast volume day as many might think. Unless I'm missing something, this is a very bold marketing experiment. I hope it works for them. |
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#2
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Signed deal with TVG, this should bring more players into the pools.
http://www.woodbineentertainment.com...2F2010+23%3A59 |
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#3
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I'm headed up to Toronto in August, planning on following WO going forward and make a few on track appearances while I'm up there. Anyone care to comment on the quality of racing there? Does their stock have a US track equivalent?
__________________
"Boston fans hate the Yankees, we hate the Canadiens and we hate the Lakers. It's in our DNA. It just is." - Bill Simmons |
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#4
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I'd say it's most like Arlington - maybe a little lower quality, but full fields and good turf racing.
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#5
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200,000+ for two 20$ horses and four horses that paid less than 10.00 was a pretty nice payoff. Should get a few people's attention.
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