Quote:
Originally Posted by Kasept
Because the state made the commitment to provide any short-term funding support if the AQU VLT parlor was not up and running by September of last year. The bridge funding will be recouped by the state out of VLT revenues. There is no special pound of flesh involved in this. The state put the onus on itself.
NYRA isn't 'seeking' this funding out of some surprise shortfall they didn't anticipate. This was going to happen if the VLT's weren't in place... EVERYONE knew that. If the mainstream media had a clue and reported the story accurately, no one would question why the transaction is necessary.
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So NYRA told the State in advance that there plan for operating in 08-10 would fail to be cash flow positive and as such the state said don't worry about it you keep losing money and will fund it because you told us so..Is that the way it happened if so the idiots polictians that said that they would bankroll a flawed business should be arrested.
Come on first NYRA is getting money and the horrendous publicity they continue to spew is madding.. HI fans and gamblers we are going
out of business after are biggest purse day of the year and if you want to deposit money in your NYRA account please dail 1800 BIG AVLT. How the heck do you run a business promoting its life and joy in one breathe and telling your fans and customers its dying on the other. Why are the publizing all this negative stuff with such vigor? I really hope NYRA gets to operate and be successful!! This stuff just is foolish
05-21-2010, 02:33 PM
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