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Old 12-22-2011, 10:37 PM
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OTM Al OTM Al is offline
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Quote:
Originally Posted by pmacdaddy View Post
It happened. The "overlooked due to the complexity of the takeout provisions in the Racing Law" part is kind of lame.

You are talking about 4% revenue difference on a big portion of the business. Should have been on a lot of parties radar.
Gee, especially since increases in takeout are supposed to reduce profits. So you would think that if their revenues were down by 4% they would have noticed their take was too high....
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Old 12-23-2011, 12:11 PM
parsixfarms parsixfarms is offline
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Was talking to someone about this last night: where were the folks at Getnick & Getnick? Aren't they being paid a seven figure retainer to make sure things like this don't happen? Other than a political payoff to Spitzer friends (when NYRA got franchise renewal), they never struck me as having a single bit of utility, even when they were court-appointed monitor. If some heads are going to roll, isn't this a good place to start?
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Old 12-28-2011, 06:44 AM
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Kasept Kasept is offline
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Rollback permanent: http://www.drf.com/news/nyras-haywar...tion-permanent

Hayward said the takeout reduction on those wagers would be permanent and not for only 15 months as had been reported by some outlets.
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