Quote:
Originally Posted by Kasept
Phil..
Please don't perpetuate myths, or lies, here. CD raised takeout in an attempt to maintain their purse structure so as not to lose horses to other jurisdictions. While the decision was simplistic and myopic, it wasn't done just 'because they could'.
It's unbalanced that there is never an acknowledgement in discussions on this topic that they are surrounded by casino-fueled states (IN, OH, PA, WV) and are without the luxury of alternate revenues like KY Downs/Ellis (Instant Racing funding) or Keeneland (Sales Company funding).
And in terms of dollars and cents, their pricing remained rather fair. Their rates on WPS were industry low-ish (16%) and were raised to a middling 17.5%. Their multi horse and and multi rate rake was industry low-ish (19%) and went to a rather typical 22%, lower than NY and CA on most multis.
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Steve they didn't want the IRT's and mostly due to elitism. They didn't want the "local" clientele at their pristine facility.
Even though they could've used Louisville Downs.
I've been following the casino push in Kentucky for years. They were incredibly short-sighted in not taking IRT's. Embarrassingly bad decision really. It's like they don't have a clue how the Commonwealth operates.
Once they're put in they're in. Now they're out. Dumb.