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Originally Posted by Cannon Shell
Why do people think that a non profit would be bad? If the laws and rules in NY were changed so as not to strangle NYRA and give them a chance to keep some of the money earned to improve the product and facilities a non profit would be a no brainer. A for profit company has one main desire...to increase the bottom line. A non profit has a broader goal of increasing the viability of the sport.
Look at how well the for profit breeding and sales industry has helped racing...
As for the slots money, why shouldn't a legal gambling operation have a right to expand their gambling menu? Why is it called 'blood money'? Isn't Outback Steakhouse allowed to sell chicken as well as steak?
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When you have to be concerned with a bottom line you have to make sure you have a competitive product that is going to sell. Obviously that means patrons and there needs become paramount. So you have to constantly make decisions that are in the best interests of the product so the patrons(bettors) keep coming.When you are a non profit gate keeping which in what NYRA is set up to do you allow any and all stimuli disrupt the decision making process. When you run a business for profit you have to not yield to any and all stimuli.. A Non profit governed agency is more likely to be passive IMO. The rub Cannon Ball is that to make money you have to have a superior product and the product has to constantly evolve or at the very least stay excellent to continue to get customers.