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  #1  
Old 10-26-2009, 01:51 PM
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Kasept Kasept is offline
Steve Byk
 
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Originally Posted by 10 pnt move up
Steve,

I am sure you were re-assured just as I was when the track official said they were not looking to raise takeout, track officials care about the very people who provide the money that makes the industry survive and would be completely honest with us!
Ostensibly, it appears that the bill is more for allowing re-distribution of existing takeout generated money as much as anything... California has low takeout rates as Hegarty points out (@15.5% on straight and @20.75% on exotics).

The CHRB would have to approve any actual increases that a track/fair/association may want... And while their track record is awful, you would sure hope that they would be made to understand the lunacy of wholesale takeout increases right now on their already beleaguered business.
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  #2  
Old 10-26-2009, 02:05 PM
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randallscott35 randallscott35 is offline
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I would vote with my wagering dollars. Higher takeout, less play.
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  #3  
Old 10-26-2009, 02:07 PM
docicu3 docicu3 is offline
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Quote:
Originally Posted by Kasept
Ostensibly, it appears that the bill is more for allowing re-distribution of existing takeout generated money as much as anything... California has low takeout rates as Hegarty points out (@15.5% on straight and @20.75% on exotics).

The CHRB would have to approve any actual increases that a track/fair/association may want... And while their track record is awful, you would sure hope that they would be made to understand the lunacy of wholesale takeout increases right now on their already beleaguered business.


Now here's an idea.....handle is down so let's up takeout to offset the losses. The only people hurt are those damn gamblers.
The wrong measure at the wrong time with impact felt by the wrong people....their customers.
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  #4  
Old 10-26-2009, 02:08 PM
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randallscott35 randallscott35 is offline
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Exactly doc, but look at states raising taxes and fees at the same time. Gross.
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  #5  
Old 10-26-2009, 02:49 PM
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Kasept Kasept is offline
Steve Byk
 
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I'd prefer that this conversation not to turn into a pitchfork march on the 'ol Frankenstein place, (as is going on elsewhere.. )...

But obviously, the concern here is that the CHRB, which has historically shown itself to largely be a tool of track management, simply is powerless to do the right thing. If the tracks are smart about it and sensitive to the realities, there probably is room to achieve whatever goals they are hoping for with this, while potentially GROWING business. That is of course wishful thinking, but I'm a wishful thinking kind of guy..
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A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine
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The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984.
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  #6  
Old 10-28-2009, 12:26 AM
westcoastinvader westcoastinvader is offline
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Quote:
Originally Posted by docicu3
[/b]

Now here's an idea.....handle is down so let's up takeout to offset the losses. The only people hurt are those damn gamblers.
The wrong measure at the wrong time with impact felt by the wrong people....their customers.
Welcome to California political logic.

We have our local BART train system. When ridership is down, the BART officials raise fees to offset the losses.

In fairness to California officials, voters normally seem to tax ourselves when given the chance. I can only think of one local measure raising our local taxes that didn't pass at the polls. And it took this year's economy to barely vote down a local school tax this past spring.

Sales tax here is 9.75%. I forget all the earmarks where it now goes to.
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