NYC OTB: Court dismisses bankruptcy case..

[Kasept]

Originally Posted by jimmy the T

nyra announces that simulcast will close at 7 pm. i quess that if you want to bet yonkers or any night track your screwed.nice move nyra

"Nice move NYRA"? Unbelievable. It's mandated by state law.

[jimmy the T]

Originally Posted by Kasept

"Nice move NYRA"? Unbelievable. It's mandated by state law.

nys is a joke,and we have some outright stupid laws. who cares how late nyra stays open??????????

[jimmy the T]

Originally Posted by Kasept

"Nice move NYRA"? Unbelievable. It's mandated by state law.

glad to see nyra will stay open past 7pm at aqueduct in violation of state law. but the belmont cafe will only stay open past the 7pm deadline at the discretion of the manager. I don't see why nyra doesn't have the same policy at both places, at this critical time to lock up new customers why put the manager on the hot seat to violate a "mandated state law".Now is the time to cater to evey gambler in nyc if you need to reduce hours do it later.

[pointman]

Not sure what happened, but theTV signal is restored in NYC back on Channel 71. Good for NYRA and the NYC horseplayers!

[rkinnin]

Originally Posted by pointman

Not sure what happened, but theTV signal is restored in NYC back on Channel 71. Good for NYRA and the NYC horseplayers!

I heard NYRA was trying to pick up that opportunity. I don't know if it has happened or of NYC OTB is still running it.

[Kasept]

Terrific background piece by Alan Mann the other day in his great 'Left at the Gate' blog on the pre-history of the potential of 5 borough teletheaters by NYRA. There are some amazing links to other documents including a 1990 NYT article by Steve Crist which came on the eve of the Hazel Dukes 'administration' of NYC OTB. If you are interested in this topic, do not miss Alan's effort: http://leftatthegate.blogspot.com/20...etheaters.html

[pointman]

Great stuff, Steve. The improvements that have come to NYRA just in the weeks since the demise of OTB are stunning considering the quickness and red tape they certainly have to go through, particulary in NY. The fact that they can now stream their races live on the internet and quickly took over Channel 71 in NYC are vast improvements for both NYRA and the horse player. The one disappointment is that while I understand NYRA wanting to attrack new customers by offering $100 if you bet $100 and double the rewards, it should not slap the loyal existing customers in the face by not offering the same to them.

For those who have called anything NYRA has received from NY State a subsidy, they should realize that NY State has robbed and strangled the horse racing industry for 40 years through OTB creating many of the problems the industry finds itself in today. OTB in New York has been nothing more than just another way for the State to siphon money to itself and has never operated in the interest of the racetracks.

The opportunites that the demise of NYC OTB has crated for NYRA right now just might right the ship and turn NYRA into a profitable model if it is able to establish its own OTB operation without having to pay the OTB surcharge under the prior business model. Couple that with the casino, it appears that for once NY Racing is moving back in the right direction. Next step is to dismantle the remaining OTB's and give them back to the racetracks and allow those who put on the product and bear the expense of doing so to keep the revenues the product earns.

[blackthroatedwind]

Originally Posted by pointman

The one disappointment is that while I understand NYRA wanting to attrack new customers by offering $100 if you bet $100 and double the rewards, it should not slap the loyal existing customers in the face by not offering the same to them.

I understand this sentiment, and have brought it up, but that's the way promotions work. You offer something to encourage people to join. I see Time Warner offer the service I pay for at a discount for a period of time to NEW customers. They don't offer that same price to me. There are MANY examples of this kind. This is really no different. Is it wholly fair? No, but this is how you try to encourage people to sign up with you in a competitive environment.

NYRA Rewards did give existing customers double rewards for December.

[freddymo]

Originally Posted by pointman

Great stuff, Steve. The improvements that have come to NYRA just in the weeks since the demise of OTB are stunning considering the quickness and red tape they certainly have to go through, particulary in NY. The fact that they can now stream their races live on the internet and quickly took over Channel 71 in NYC are vast improvements for both NYRA and the horse player. The one disappointment is that while I understand NYRA wanting to attrack new customers by offering $100 if you bet $100 and double the rewards, it should not slap the loyal existing customers in the face by not offering the same to them.

For those who have called anything NYRA has received from NY State a subsidy, they should realize that NY State has robbed and strangled the horse racing industry for 40 years through OTB creating many of the problems the industry finds itself in today. OTB in New York has been nothing more than just another way for the State to siphon money to itself and has never operated in the interest of the racetracks.

The opportunites that the demise of NYC OTB has crated for NYRA right now just might right the ship and turn NYRA into a profitable model if it is able to establish its own OTB operation without having to pay the OTB surcharge under the prior business model. Couple that with the casino, it appears that for once NY Racing is moving back in the right direction. Next step is to dismantle the remaining OTB's and give them back to the racetracks and allow those who put on the product and bear the expense of doing so to keep the revenues the product earns.

Actually the next step is assign a mechanism to pay the 500plus million in liabilty the State incurred when NYCOTB closed.

I like you am pleased that NYRA has been so successful rectifing many of the OTB ills. How much you think the State should garnish out of the VLT earn due horseman for the OTB liablty? Money has to get paid from somewhere right? It's not fair and its totally unjustified but it is what it is.