Quote:
|
Originally Posted by ELA
I could be wrong, however, I think VLT revenue -- AND changes in legislation, tax laws, etc. -- would allow NYRA to operate more efficiently and effectively. Being deficit funded and operating in the red costs more than operating at healthy, normal, in the black, etc. levels.
I think people tend to collapse financial standing and health with blame and competence. Often that works, but not always.
Eric
|
I think you are right. But when you try to operate with more money then you bring in then you need to make changes in operating costs. To my knowledge, this has never been done. They have not funded their pension and they pay their taxes late. To me it is a bad business model that needs some fixing. I have yet to see anyone come up with a new business model.