I completely get the rationale behind this plan given the current situation. However, if you consider the precedent that it sets as far as "financially struggling" OTBs reducing payments to the industry and if you read between the lines of the statements coming from the Senate Republicans, the other regional OTB corporations are soon going to be asking for similar reductions in statutory payments to the industry. If that happens, in a roundabout way, a portion of the money from the Aqueduct racino deal that was earmarked for the racing industry will just end up going back to OTBs/government.
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12-04-2010, 02:02 PM
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