Got to love Frank and MEC

MEC is now offering bonds to fund their slots machine design and construction. I wonder who would buy these bonds right now. I couldnt imagine them being AAA-lol. They have to be BB at best. Here is the link to the article in Bloodhorse.

http://news.bloodhorse.com/viewstory.asp?id=34588

there is another article in the drf i think today saying they are sellin one of their assets for $200,000,000 to pay down their debt. this should help them a great deal.and with the added slot revenue that should start in hte fall, they are back in the black! (this is not a racial slur)

Originally Posted by Secretariat

there is another article in the drf i think today saying they are sellin one of their assets for $200,000,000 to pay down their debt. this should help them a great deal.and with the added slot revenue that should start in hte fall, they are back in the black! (this is not a racial slur)

Oh they will be in the black in no time flat. Frank didnt become a billionaire by being dumb. I think it is a perfect time to buy MEC. But I would only buy with the money I am dont expect to get back--lol. I love bond issues. State bonds are my fav.

[sumitas]

my buddy and i were talkin yesterday at Spa and said CD or Magna would destroy NY racing. No more coolers, $30 admission on up, $20 parking, screw job after screw job would mean a ghost town at the Spa. The NYRA can be improved, or that Empire Racing group of NYers, but they do deserve a lot of credit for a fun, family friendly racing experience.

Originally Posted by sumitas

my buddy and i were talkin yesterday at Spa and said CD or Magna would destroy NY racing. No more coolers, $30 admission on up, $20 parking, screw job after screw job would mean a ghost town at the Spa. The NYRA can be improved, or that Empire Racing group of NYers, but they do deserve a lot of credit for a fun, family friendly racing experience.

Why do you think it would cost $30 for admission? Churchill only charges $2 to get into thje facilites. The only two exceptions are Derby and Oaks.

[sumitas]

yeah ? and where does that get ya ? the infield ?

Originally Posted by sumitas

my buddy and i were talkin yesterday at Spa and said CD or Magna would destroy NY racing. No more coolers, $30 admission on up, $20 parking, screw job after screw job would mean a ghost town at the Spa. The NYRA can be improved, or that Empire Racing group of NYers, but they do deserve a lot of credit for a fun, family friendly racing experience.

A ghost town at the Spa? Get a reality check. $30 admission? $20 parking? Where do you get this garbage from?

Have you ever read this report on NYRA

http://www.oag.state.ny.us/press/rep...yra_report.pdf

[sumitas]

my buddy said that they were thinking of banning coolers from Saratoga a few years ago and they fans were ready to riot.

i don't think Magna allows coolers or free reign to the grounds. What about Churchill, coolers ?