Quote:
Originally Posted by freddymo
The thought that NYRA is any different than other sadly underfunded and ignored State obligations is flawed.. I want NYRA to succeed I dont want them to fail. I want great racing in NY but that isnt the point. I understand your points and agree NYRA is in a bad place. You still need to be able to run a product on its on merits and not on the possiblity of VLT's.
BTW I find it interesting that 2 of the most successful african american businessmen in the world are 2 of the 5 potential bidders. You think it is going to be easy for any of these potential bidders to get 400 mil to the State in a snap. What happens if the ecnomy takes another shiit in 9 months and the process continues to be delayed.. NYRA just keeps on coming to the State?
|
If NYRA was being paid by OTB they would not be asking for this money, they are only asking for the amount of money owed to them by OTB which indicates to me that NYRA can be self sufficient. As Chuck pointed out, NYRA would ordinarily just cut off the signal to NYC OTB, but they can't under NY State law
As for your other point, I haven't heard Yonkers or Saratoga harness asking for any money from the State and they make a fraction of what NYRA does off of betting pools. I seriously doubt that NYRA will need anything from the State once the casino is running, it is hard to believe that a casino will fail in Ozone Park, New York.