CDI (tracknet) lied?

[Cannon Shell]

http://www.drf.com/news/article/101178.html

What a surprise....

[deltagulf]

you are right nothing new . these companies are always trying to get more then what they should.

[Cannon Shell]

Originally Posted by deltagulf

you are right nothing new . these companies are always trying to get more then what they should.

CDI lies all the time. My post was somewhat self serving as the horseman have taken plenty of heat with the signal blockages in the past and I was just citing another example of CDI either going back on its word, distorting the facts or outright lying. Not that horseman should be absolved of all blame in these matters but CDI/Tracknet in particular is at best ethically challenged.

[sumitas]

What a quagmire to get the signal out and the bets in . I do notice CD keeps cutting purses and that gives me a negative view of that company .

[ArlJim78]

what did they lie about, i never log in to DRF.

[hoovesupsideyourhead]

just when things were getting back to normal..god forbid you could wager on all the good tracks..

[reese]

Originally Posted by Cannon Shell

CDI lies all the time. My post was somewhat self serving as the horseman have taken plenty of heat with the signal blockages in the past and I was just citing another example of CDI either going back on its word, distorting the facts or outright lying. Not that horseman should be absolved of all blame in these matters but CDI/Tracknet in particular is at best ethically challenged.

The beginning of the end was when CDI sold Hollywood Park. The sport of racing is the product of the Churchill Downs, Inc. (CDI) Corporation's goals are to maximize profits to the SHAREHOLDERS. If that means withholding product and/or reducing costs(purses) that is what corporations do.

CDI has a desireable product. If "you" want the product, you pay what the company wants. It is the perogative of the company (CDI) to set the price for their product(racing signals) CDI also does NOT publish track attendance or handle for ANY of their tracks. Does Kraft list how many bars of cheese they sell? NO. They file qtrly tax reports. This is the position of the company CDI. Attendance and handle figures are not publicly listed for of their tracks. (NYRA lists both daily)

As for the bettor, ADW's, horsemen, etc. they are incidential aspects.
The issue for CDI is they are reluctant to renegotiate their price for the signal for their tracks. It's their product and they dictate market rate....
The allegiance of CDI is to it's SHAREHOLDERS. If you love CDI, buy their stock.


http://biz.yahoo.com/e/090120/chdn8-k.html

[Cannon Shell]

Originally Posted by reese

The beginning of the end was when CDI sold Hollywood Park. The sport of racing is the product of the Churchill Downs, Inc. (CDI) Corporation's goals are to maximize profits to the SHAREHOLDERS. If that means withholding product and/or reducing costs(purses) that is what corporations do.

CDI has a desireable product. If "you" want the product, you pay what the company wants. It is the perogative of the company (CDI) to set the price for their product(racing signals) CDI also does NOT publish track attendance or handle for ANY of their tracks. Does Kraft list how many bars of cheese they sell? NO. They file qtrly tax reports. This is the position of the company CDI. Attendance and handle figures are not publicly listed for of their tracks. (NYRA lists both daily)

As for the bettor, ADW's, horsemen, etc. they are incidential aspects.
The issue for CDI is they are reluctant to renegotiate their price for the signal for their tracks. It's their product and they dictate market rate....
The allegiance of CDI is to it's SHAREHOLDERS. If you love CDI, buy their stock.


http://biz.yahoo.com/e/090120/chdn8-k.html

CDI's product is becoming less desirable for the most part because of their antics. The product is actually not CDI's alone. They dont own a single horse that runs at their tracks. The issue at hand in this thread isnt the pricing or corporate responsibility. It is the continuing pattern of untruths and broken promises and deals that follows this company around.

[reese]

Originally Posted by Cannon Shell

CDI's product is becoming less desirable for the most part because of their antics. The product is actually not CDI's alone. They dont own a single horse that runs at their tracks. The issue at hand in this thread isnt the pricing or corporate responsibility. It is the continuing pattern of untruths and broken promises and deals that follows this company around.

Why do you expect CDI to be any different than any other large corporation when you mention "untruths and broken promises"...a la Enron, WorldCom, Citicorp and the others,etc?

Of course CDI doesn't own the horses but they own the physical plant,track, stalls, grandstand, etc. Walmart doesn't actually manufacture all the products they sell but they own the store, shelves, parking lot, set the prices, etc.
Same difference.

[Scav]

Originally Posted by reese

Why do you expect CDI to be any different than any other large corporation when you mention "untruths and broken promises"...a la Enron, WorldCom, Citicorp and the others,etc?

Of course CDI doesn't own the horses but they own the physical plant,track, stalls, grandstand, etc. Walmart doesn't actually manufacture all the products they sell but they own the store, shelves, parking lot, set the prices, etc.
Same difference.

Walmart does respect their vendors though, and understands the costs involved with producing the products that they sell....

[Cannon Shell]

Originally Posted by reese

Why do you expect CDI to be any different than any other large corporation when you mention "untruths and broken promises"...a la Enron, WorldCom, Citicorp and the others,etc?

Of course CDI doesn't own the horses but they own the physical plant,track, stalls, grandstand, etc. Walmart doesn't actually manufacture all the products they sell but they own the store, shelves, parking lot, set the prices, etc.
Same difference.

Your analogy is misguided. Wal Mart does own the products it sells. CDI does not. Your insinuation that CDI as a large corporation (they are in reality a small company in Wall Street terms) is somehow allowed the latitude to do as it pleases without playing by the rules is laughable. Businesses that operate in the manner in which they do often wind up in the scrap heap. In a challenging industry during rough economic times goodwill is often as important as squeezing every penny out of the kitty. The Derby will only take them so far...

[Riot]

Originally Posted by Cannon Shell

Your analogy is misguided. Wal Mart does own the products it sells. CDI does not. Your insinuation that CDI as a large corporation (they are in reality a small company in Wall Street terms) is somehow allowed the latitude to do as it pleases without playing by the rules is laughable. Businesses that operate in the manner in which they do often wind up in the scrap heap. In a challenging industry during rough economic times goodwill is often as important as squeezing every penny out of the kitty. The Derby will only take them so far...

And didn't they just take their CEO and put him in charge of marketing and public perception?

[Cannon Shell]

Originally Posted by Riot

And didn't they just take their CEO and put him in charge of marketing and public perception?

I haven't figured out if it is a promotion or demotion. They are rivaling Magna for executive changes.

[Cannon Shell]

http://www.paulickreport.com/blog/ch...-the-adw-wars/

[reese]

Originally Posted by Cannon Shell

Your analogy is misguided. Wal Mart does own the products it sells. CDI does not. Your insinuation that CDI as a large corporation (they are in reality a small company in Wall Street terms) is somehow allowed the latitude to do as it pleases without playing by the rules is laughable. Businesses that operate in the manner in which they do often wind up in the scrap heap. In a challenging industry during rough economic times goodwill is often as important as squeezing every penny out of the kitty. The Derby will only take them so far...

You are misguided in your interpretation. CDI is NOT doing anything illegal or "misguided". I cannot "See" how you could glean THAT from my post.

What CDI is doing is what any company does...optimizing profits. Last I read, THAT is not illegal. CDI wants more $ for their signal vis a vis a higher charge to ADW's for their track signal.

YOU linked Paulick's article. He detailed the same points I made in my post.
CDI wants MORE MONEY for their signal...and it's GOAL is to place ALL CDI-owned track bets through TwinSpires. Gee, THAT sounds like a mono poly.

YOU DID read the article YOU posted




Sorry if you are distressed that CDI is not the "old Churchill Downs".
Their recent actions...withholding CHD signal from ADW's last year, and now this latest flap is NOT demonstrating any concern for customers, or as someone posted... good will.

[Cannon Shell]

Originally Posted by reese

You are misguided in your interpretation. CDI is NOT doing anything illegal or "misguided". I cannot "See" how you could glean THAT from my post.

What CDI is doing is what any company does...optimizing profits. Last I read, THAT is not illegal. CDI wants more $ for their signal vis a vis a higher charge to ADW's for their track signal.

YOU linked Paulick's article. He detailed the same points I made in my post.
CDI wants MORE MONEY for their signal...and it's GOAL is to place ALL CDI-owned track bets through TwinSpires. Gee, THAT sounds like a mono poly.

YOU DID read the article YOU posted




Sorry if you are distressed that CDI is not the "old Churchill Downs".
Their recent actions...withholding CHD signal from ADW's last year, and now this latest flap is NOT demonstrating any concern for customers, or as someone posted... good will.

Perhaps if you read the article you would have read about CDI's not paying out revenues vis a via the terms of their contract. Aka- breaking a contract which they are being sued for. They have also recently been sued by the same party for not honoring the contractual terms of thier deal with Yum in which 50% of the revenue arising from that deal were to go to the general purse fund, something that CDI failed to do for 2 years and refused to grant requests for records though they are bound to do so.

Maybe lying in public and deceptive practices are technically "legal" but they are telling signs for a supposed industry leader.

"Optimizing profits" with no regard for the client or customer base or your public image is folly. There is one huge reason that the legislators of the state of KY has no alternate gaming (which would surely make them more profitable). That reason is CDI's arrogance (Meeker in particular) has made many state politicians reluctant to pass anything that would put serious cash in CDI's coffers.