Fee impasse threatening signal distribution (UPDATE: Deal in place)

[jnunan4759]

One thing I've learned and Scott Daruty confirmed is that the outrageous takeout in PA is not from the state. I think the maximum State takeout is 2.5% and they takeout 30% on a trifecta at Penn National. Where does that go ? Simple, it's a split between the track and horsemen.

28% of tickets to both. It's easy to see why the Horsemen's officers wear shiny suits and drive around in fancy cars. It's easy to see why they want to be elected every year. Back years ago a trainer would only do that job for a few years. He had to be talked into it. It was a pain in the ass. Now, it must be a moneymaker.

[joeydb]

Originally Posted by jnunan4759

One thing I've learned and Scott Daruty confirmed is that the outrageous takeout in PA is not from the state. I think the maximum State takeout is 2.5% and they takeout 30% on a trifecta at Penn National. Where does that go ? Simple, it's a split between the track and horsemen.

28% of tickets to both. It's easy to see why the Horsemen's officers wear shiny suits and drive around in fancy cars. It's easy to see why they want to be elected every year. Back years ago a trainer would only do that job for a few years. He had to be talked into it. It was a pain in the ass. Now, it must be a moneymaker.

That is insane! I never knew that and I live in PA and am embarassed that we have the worst takeout in the country on exotic wagers. And if what you are saying is true, it's not even for state revenue.

[joeydb]

Any updates on this?

[jnunan4759]

I heard they were talking about 2 weeks ago and people at the OTB were ready for something to happen, then nothing. It's really hammered the service employees and business is off 60-70%. Feel bad for the bartenders, waitstaff and tellers. They have cut back hours and laid off some tellers. Most bartenders and waitstaff are making 50% less than the did before 12/9/2014. They ran into that right before Christmas also, which is especially nasty. To me, they're the losers in this.

The winner is probably TVG, which many in Philly can use because of Harrah's, PAbets. Although some people won't use an ADW, guess the are off the grid.

[asudevil]

Nevada and NYRA just reached a deal....still dark with 7 Monarch tracks. Can't imagine no wagering on Gulfstream here this weekend!

[Kasept]

Originally Posted by asudevil

Nevada and NYRA just reached a deal....still dark with 7 Monarch tracks. Can't imagine no wagering on Gulfstream here this weekend!

Originally Posted by joeydb

Any updates on this?

Monarch & HRTV President Scott Daruty on ATR at 9:30 with HRTV as main topic, but signal talks will come up of course. He said late last night that Vegas deal will be finalized this morning.

[asudevil]

Originally Posted by Kasept

Monarch & HRTV President Scott Daruty on ATR at 9:30 with HRTV as main topic, but signal talks will come up of course. He said late last night that Vegas deal will be finalized this morning.

Still dark on our end.