NYRA Fanchise Recommendation

[ELA]

Originally Posted by eurobounce

Your first couple of sentences says it all in your statement - "Do you have any idea at all what kind of money the ONLY slot palace in NYC would take in?
Are you kidding me?
They coulda been in two years ago and purses would already be huge." This is where the problem lies. You cannot bump up purses if you are losing money. The NYRA still has an under funded pension and they owe Suffolk County back taxes (unless these were paid up to date since the last time I read an article). Until the NYRA is able to operate under the financial model with or without VLTs then they are never going to be as great as they could be. I am all for increase in purses, but you have to make sure your operating costs are taken care of first.

I could be wrong, however, I think VLT revenue -- AND changes in legislation, tax laws, etc. -- would allow NYRA to operate more efficiently and effectively. Being deficit funded and operating in the red costs more than operating at healthy, normal, in the black, etc. levels.

I think people tend to collapse financial standing and health with blame and competence. Often that works, but not always.

Eric