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Originally Posted by eurobounce
BTW you can spin this all you want. I know states (not just New York) lends money to state regulated orgainizations. But not to the tune of $30mm. I love the "political" reason excuse. The point is all this is that they cannot run the organization effectively. Why is that? If I run a business and I am not making enough money to operate then I need to change something. There is something I am doing that is not working. I need to find a fix. VLT revenue is not a fix. The NYRA should be able to operate without VLT revenue. Explain to me why they cannot operate effectively.
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I am shocked at your level of ignorance here. I don't mean this to be nasty, honestly, but this is a surprising level of naivite coming from someone as knowledgable as you.
Do you understand the political environment NYRA is, and has been, operating under? I am NOT saying they have been run perfectly, far from it, but I really think you have NO idea of the situation.
By the way, in these situations, $30 million is nothing...and if the State hadn't been screwing NYRA over as regards to the slots, which EVERY OTHER TRACK AWARDED THEM IN NY STATE has been granted State approval ( and some years ago ), then this money would hardly be necessary.
I will be happy to enlighten you at Churchill. I am tired of writing the same old obvious stuff.