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  #1  
Old 10-08-2014, 04:43 PM
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Kasept Kasept is offline
Steve Byk
 
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Quote:
Originally Posted by Suffolk Shippers View Post
Steve, very interesting from Mr. Welch on your program this morning re: Suffolk and Stronach. Tim Rivto, speaking on behalf of Stronach saying they're looking at all "wayward" tracks (in terms of profitability) and coming in and running those tracks. Any number of tracks fall into that bucket, AP, SUF, Colonial, FG...

Sounds like if the casino law remains intact post-election, they could be interested based on the revenue that will be skimmed off the casinos and put into the horse racing development fund. I have heard media reports say that fund could reach $100m in the next decade. Very interesting development.
How about that? Maybe I missed it elsewhere, but was news to me. And it sounded exactly as you suggest: That Stronach is monitoring and considering opportunities at any and all of the venues that are in question.

The development fund in MA is projected to reach $140,000,000.
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  #2  
Old 10-21-2014, 03:26 PM
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The New England horseman have brought on former Suffolk COO Lou Raffetto to be their point person on working with the owners to lease the track and run in 2015. Raffetto revived the track in the early 1990's after it had shut down and then was running the MD tracks.

http://www.bostonglobe.com/metro/201...MwN/story.html

He predates my knowledge of the game to any extent. Not sure if this is a good, bad or indifferent thing for Suffolk Downs.
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  #3  
Old 10-21-2014, 11:17 PM
Alabama Stakes Alabama Stakes is offline
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Lou Raffeto knows what he's doing. we might be all right
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  #4  
Old 11-05-2014, 09:50 AM
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So, the first hurdle in the way for any kind of a return for Suffolk Downs was the ballot initiative on casino gaming. A yes vote would have repealed the law allowing casinos and a no was to keep status quo. "No" won handsomely, 59%-41%, I believe.

This means casino construction will move forward and the slots parlor at Plainridge Harness (run by Penn National) is set to open in 2015. This will start feeding money to the horse industry fund, which the New England Horsemen and Lou Raffetto hopes to use in some fashion to continue operations under a lease agreement with Suffolk's ownership team.

I believe the next "big" date is mid-November when the racing/gaming commission is set to award 2015 dates. The horsemen applied for one day in hopes to amend that and run around 60 days.
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Old 11-07-2014, 09:18 AM
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Actually, the next date of note was yesterday, where the racing commission approved the placeholder applications of both the NE Horseman and the Carney family to run at the Brockton Fair. The groups now need to have detailed applications submitted to the board.

Also, with the $85m deposited by both Wynn and MGM for their casinos, 5% of that immediately goes to the horse fund, so $8.5m. Steve, any word if Lou Raffetto is coming to chat soon to update the masses?

http://www.bloodhorse.com/horse-raci...-massachusetts
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  #6  
Old 11-25-2014, 03:40 AM
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http://www.bloodhorse.com/horse-raci...perate-suffolk

New England HBPA files to run at SUF. Deal with Fields/Tuttle next hurdle to continuing racing in East Boston..
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  #7  
Old 11-25-2014, 05:33 PM
ne to socal ne to socal is offline
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Ignoring for now what one may think about contraction in the industry overall...


There's no reason Suffolk couldn't be redeveloped into a much smaller plant/facility for racing (i.e., reducing the size of the grandstand and clubhouse) and a bigger food/drink/hotel complex. People want to shop, drink, and eat so hell...give them what they want by reducing the cavernous and unused grandstand and parking areas.

It's 2 miles from Logan.

It has its own subway stop and the Blue Line is being modernized.

Plenty of land.

Near the beach.
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  #8  
Old 04-15-2015, 10:18 PM
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richard burch richard burch is offline
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i don't know why it means the "end". It will take some creative and commited help to stay racing but it can be done.

I will use this man as a great example of how to get it done right.





http://en.wikipedia.org/wiki/Jeffrey_Gural
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  #9  
Old 04-16-2015, 05:41 AM
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Kasept Kasept is offline
Steve Byk
 
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Quote:
Originally Posted by richard burch View Post
i don't know why it means the "end". It will take some creative and commited help to stay racing but it can be done.

I will use this man as a great example of how to get it done right.



http://en.wikipedia.org/wiki/Jeffrey_Gural
He's a preening schmoe and complete phony.
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A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine
Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984.
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  #10  
Old 04-16-2015, 06:06 AM
saratogadew saratogadew is offline
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That's a shock to me. Steve, I don't doubt you on this. As an outsider, I always thought he was good for harness racing. Ive been to Tioga Downs, which is a nice, smaller size type racino. When he took over the Med, built the new facility, I thought it was a good thing. Is he just all about the slot dollars? Was the new Med facility only built to try and attract slots there? Give me the lowdown on this guy???
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  #11  
Old 04-16-2015, 09:02 AM
freddymo freddymo is offline
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Quote:
Originally Posted by Kasept View Post
He's a preening schmoe and complete phony.
Not a bad bio for a schmo?
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