Yet another track that is dead to me

[JJP]

Originally Posted by Cannon Shell

The longer terms problems would have been short term problems w/o them.

How do you think racing would fare if they built a casinos right down the road from the tracks and we got nothing but competition? While the tracks seem a bit like traitors now that they have morphed into gaming companies a whole lot of them would have surely went under especially when the economy went south. We may not like the direction that many have gone in but we cant race without them either.

I think that it is naive to believe that racing could have figured out some sort effective national strategy that would have stemmed the tide against casino's. Sports betting isnt that close especially if the Supreme Court declines to hear NJ's case. Not to mention that it is already easy to set up an online sports wagering account currently. Anyone who wants to make a wager on a sporting event in this country shouldnt have any problem doing so.

While there is no doubt that the money hasnt exactly been well spent, it is difficult to make a case that w/o slots revenue we would be in a better place.

Setting up a sports wagering account isn't difficult. Getting paid without setting off red flags is another matter.

[Cannon Shell]

Originally Posted by JJP

Setting up a sports wagering account isn't difficult. Getting paid without setting off red flags is another matter.

I haven't had any issues in a long time

[JJP]

Originally Posted by Cannon Shell

I haven't had any issues in a long time

Its really besides the point. The real point is that sports gambling is much closer than you realize, and like 10 Pt Move up said, state governments are looking for more and more ways to get additional revenue. Why let the offshores and mob get the benefits? Guys like Adelson are already worried about it.

[Cannon Shell]

Originally Posted by JJP

Its really besides the point. The real point is that sports gambling is much closer than you realize, and like 10 Pt Move up said, state governments are looking for more and more ways to get additional revenue. Why let the offshores and mob get the benefits? Guys like Adelson are already worried about it.

Actually it is much further away than you believe. Have you not paid attention to the state of NJ and Monmouth's bid? The state passed the laws and Monmouth was a willing sponsor but they have lost in Fed court every time so far. The have 1 appeal left, to the supreme court which may not even decide to hear the case. Other states have attached themselves to case as you are correct in that they are looking to grab revenue where ever they can. However as it currently stands the odds of widespread sports wagering looks fuzzy.

http://blog.northjersey.com/meadowla...stponed-again/


http://blog.northjersey.com/meadowla...ent/#more-8137

[10 pnt move up]

Originally Posted by Cannon Shell

Actually it is much further away than you believe. Have you not paid attention to the state of NJ and Monmouth's bid? The state passed the laws and Monmouth was a willing sponsor but they have lost in Fed court every time so far. The have 1 appeal left, to the supreme court which may not even decide to hear the case. Other states have attached themselves to case as you are correct in that they are looking to grab revenue where ever they can. However as it currently stands the odds of widespread sports wagering looks fuzzy.

http://blog.northjersey.com/meadowla...stponed-again/


http://blog.northjersey.com/meadowla...ent/#more-8137

You wait till granny starts losing her SS. That will change the pols and they can just pass national legislation which will bypass the courts issue.

[JJP]

Originally Posted by Cannon Shell

Actually it is much further away than you believe. Have you not paid attention to the state of NJ and Monmouth's bid? The state passed the laws and Monmouth was a willing sponsor but they have lost in Fed court every time so far. The have 1 appeal left, to the supreme court which may not even decide to hear the case. Other states have attached themselves to case as you are correct in that they are looking to grab revenue where ever they can. However as it currently stands the odds of widespread sports wagering looks fuzzy.

http://blog.northjersey.com/meadowla...stponed-again/


http://blog.northjersey.com/meadowla...ent/#more-8137

I listen to a number of shows in Las Vegas and the general feeling is that national legalization of sports betting is imminent. Maybe not in next year or two, but it IS coming. Guys like Adelson will try to do everything in their power to stop it, but in the end the added revenue that it will bring in will cancel out anything guys like Adelson will try to do. Just too big of a money grab, and the states know it.

[Cannon Shell]

Originally Posted by JJP

I listen to a number of shows in Las Vegas and the general feeling is that national legalization of sports betting is imminent. Maybe not in next year or two, but it IS coming. Guys like Adelson will try to do everything in their power to stop it, but in the end the added revenue that it will bring in will cancel out anything guys like Adelson will try to do. Just too big of a money grab, and the states know it.

Yeah the states want the revenue but it hardly seems imminent since every recent ruling has gone against widespread legalization and the current DOJ certainly isnt friendly.

http://espn.go.com/espn/story/_/id/8...ts-betting-law

[10 pnt move up]

Originally Posted by Cannon Shell

Yeah the states want the revenue but it hardly seems imminent since every recent ruling has gone against widespread legalization and the current DOJ certainly isnt friendly.

http://espn.go.com/espn/story/_/id/8...ts-betting-law

thats only because the current national laws are written that way, laws can be rewritten and the the DOJ cant do a thing when that happens.