Finley @ ESPN: Good times are over

[Cannon Shell]

"And shouldn't some of the slots money have been used for something other than purses? Why not huge marketing campaigns or massive reductions in takeout? Have any Racinos invested in capital improvements for the racetracks and not just the slots parlors?"

Another example of the lazy journalism or just plain stupidity.

Finley acts as though the slot money is split solely between the purses and the state. So the tracks (which are usually the party that attends to marketing and capital improvements) shouldn't use their cut of the pie to increase their marketing budgets or improve their facilities? The state which reaps the benefits of slots with virtually no investment shouldn't contribute to racing via takeout reduction coming from their cut of the pie which is vastly diminished in importance with the onset of casino money?

While I agree it is incredibly short-sighted to not address the takeout, marketing and facilities, the idea that these are the responsibilities of the horseman is idiotic. The states have been handed billions of dollars over the years from racing and the tracks with racinos are making money hand over fist and they are only doing so because of horseracing.

Most owners are still losing money and the insinuation that we are running for "too much" money is usually made by those who have never actually had to pay to breed, raise or race a horse.

We all know that racing has done a terrible job setting itself up politically both nationally and on the state level. We all know that the contributions made by horseracing are routinely overlooked by politicians. We all know that most states are broke and desperate for cash. But the continued insinuation that the slot money that goes to purses somehow is wrong or bad for horseracing is based far more in idiocy and jealousy than fact or reality.

[freddymo]

Originally Posted by Cannon Shell

"And shouldn't some of the slots money have been used for something other than purses? Why not huge marketing campaigns or massive reductions in takeout? Have any Racinos invested in capital improvements for the racetracks and not just the slots parlors?"

Another example of the lazy journalism or just plain stupidity.

Finley acts as though the slot money is split solely between the purses and the state. So the tracks (which are usually the party that attends to marketing and capital improvements) shouldn't use their cut of the pie to increase their marketing budgets or improve their facilities? The state which reaps the benefits of slots with virtually no investment shouldn't contribute to racing via takeout reduction coming from their cut of the pie which is vastly diminished in importance with the onset of casino money?

While I agree it is incredibly short-sighted to not address the takeout, marketing and facilities, the idea that these are the responsibilities of the horseman is idiotic. The states have been handed billions of dollars over the years from racing and the tracks with racinos are making money hand over fist and they are only doing so because of horseracing.

Most owners are still losing money and the insinuation that we are running for "too much" money is usually made by those who have never actually had to pay to breed, raise or race a horse.

We all know that racing has done a terrible job setting itself up politically both nationally and on the state level. We all know that the contributions made by horseracing are routinely overlooked by politicians. We all know that most states are broke and desperate for cash. But the continued insinuation that the slot money that goes to purses somehow is wrong or bad for horseracing is based far more in idiocy and jealousy than fact or reality.

Slot money is like great sex it felt the best right before it was over..

[freddymo]

'Meanwhile, racing has done nothing to help itself, particularly when it comes to getting the dynamics of supply and demand to work again. Greatly reduce the total number of racing dates out there and the sport's financial outlook wouldn't look quite so bleak. But no one seems to want to do that, not when it's so easy to run bad horses for good money at Racinos.
'

I have frequently asked the question which tracks should reduce dates and or close. So far I have never heard any advocate of racing suggest which tracks should contract.

[randallscott35]

http://www.drf.com/news/slots-racing...der-new-attack

[Cannon Shell]

Originally Posted by freddymo

'Meanwhile, racing has done nothing to help itself, particularly when it comes to getting the dynamics of supply and demand to work again. Greatly reduce the total number of racing dates out there and the sport's financial outlook wouldn't look quite so bleak. But no one seems to want to do that, not when it's so easy to run bad horses for good money at Racinos.
'

I have frequently asked the question which tracks should reduce dates and or close. So far I have never heard any advocate of racing suggest which tracks should contract.

The idea that tracks closing will make things better is based on faulty logic.

Let's say Ellis Park, Turfway Prk, Mountaineer, Suffolk, Thistle/Beulah/River, Penn National and Prarie Meadows all close tomorrow. All are either on shaky ground or are operated by groups that probably wouldnt mind axing racing. Ok so please tell me how this makes racing better?

[freddymo]

Originally Posted by Cannon Shell

The idea that tracks closing will make things better is based on faulty logic.

Let's say Ellis Park, Turfway Prk, Mountaineer, Suffolk, Thistle/Beulah/River, Penn National and Prarie Meadows all close tomorrow. All are either on shaky ground or are operated by groups that probably wouldnt mind axing racing. Ok so please tell me how this makes racing better?

Better the next day or better in 5 years? In 5 years it would be 1000 times better.

[phystech]

Originally Posted by freddymo

Better the next day or better in 5 years? In 5 years it would be 1000 times better.

I'd love to see your business model for that.

[richard]

It seems to me that government siphoning off huge dollars from our sport to lavish funds on the "education" establishment is the biggest problem . Governmental interference in the free flow of business is the biggest culprit.

[Cannon Shell]

Originally Posted by freddymo

Better the next day or better in 5 years? In 5 years it would be 1000 times better.

How? There have been lots of tracks that have closed in the last 15-20 years, Atlantic City, Hialeah, Longacres, Sportsmans, Rockingham, Garden State, Bowie...how did those track closing make things better?

The idea that reducing exposure in large metropolitan area's is going to lead to an expansion in the sport's fan/gambler base is a dubious one.

[King Glorious]

Originally Posted by Cannon Shell

How? There have been lots of tracks that have closed in the last 15-20 years, Atlantic City, Hialeah, Longacres, Sportsmans, Rockingham, Garden State, Bowie...how did those track closing make things better?

The idea that reducing exposure in large metropolitan area's is going to lead to an expansion in the sport's fan/gambler base is a dubious one.

It might be and I don't profess to KNOW that reducing racing will work but I have a feeling that it would. Of course, that alone won't do it but in conjunction with a few other ideas, I think it would really help. I look out there and it just seems there is so much bad product. There's an over-saturation going on. I think that reducing the number of opportunities out there would go a long way in increasing the quality of what we do see, a sort of "only the strong survive" kind of result. Setting up a national schedule would also help. There has to be a way of getting racing to be an event again, something that people look forward too and not just another day, where, other than the stakes race you might get on a Saturday or Sunday, all of the days and races just seem to blend into each other.

I look at this past weekend of racing and this one coming up. At Santa Anita, you had the San Antonio and the Strub. There's no longer a need for both. This weekend brings the La Canada and the Santa Maria, with several cross-entered and the result will be two weaker races when it could have been one strong one. You've got top California 2yo Comma To the Top running at Golden Gate instead of at SA against Tapizar and other in the Lewis. If GG weren't in existence anymore, that option wouldn't be there. Take away Sunland so that their slot subsidized Derby wouldn't take potential competitors away from SA also. Twenty years ago, Lookin at Lucky would have returned from the Preakness in either the Jim Dandy or Haskell as a prep for the Travers. Now they've got races like the WV Derby and the Indiana Derby and the Penn Derby and as a result, top competition keeps getting spread out and the quality of the races is weaker.

I do realize that from your perspective and others that actually make a living in the business, the prospect of closing tracks and reducing racing, going to a less is more way of operating, would have a negative impact. I get that and I feel for those that it would affect. At the same time, as a fan, I want to see the best possible product and the current way of doing things seems to be going in the opposite direction of putting out the best product.

I don't know if this analogy is right for this conversation but imagine if major league baseball said they were going to contract and get rid of the White Sox, Angels, Mets, and A's..........and all of their players would go to the Cubs, Dodgers, Yankees, and Giants, respectively. A lot of players would lose their jobs but the resulting teams would be better. If at the same time, they got rid of the Expos, Marlins, Rays, Royals, Pirates, and Brewers and all of their players went to existing teams, I can't help but think that the quality of the game would improve. We see how bad some of those fourth and fifth starters are on some of the teams now. There are plenty of guys that have jobs now that honestly don't need them and only have them because there are so many spots. Sort of like how we have so many horses that become graded stakes winners simply because someone has to win the races.

[freddymo]

Originally Posted by Cannon Shell

How? There have been lots of tracks that have closed in the last 15-20 years, Atlantic City, Hialeah, Longacres, Sportsmans, Rockingham, Garden State, Bowie...how did those track closing make things better?

The idea that reducing exposure in large metropolitan area's is going to lead to an expansion in the sport's fan/gambler base is a dubious one.

How many races were contested in 1990 vs. 2011?

[PatCummings]

"Have any Racinos invested in capital improvements for the racetracks and not just the slots parlors?"

Philly Park has had plenty of years of not doing much, but I thought the first and third floors were well done in their remake and I think most players would agree with that assessment. I would call them some capital improvements.

[richard]

"Most owners are still losing money and the insinuation that we are running for "too much" money is usually made by those who have never actually had to pay to breed, raise or race a horse."

Ahmen. So Cuomo wants a 2.75% surcharge on purses in NY. You win a race, it does not mean you are turning a profit. What a shake down.
http://cityroom.blogs.nytimes.com/20...er=rss&emc=rss

[Cannon Shell]

Originally Posted by PatCummings

"Have any Racinos invested in capital improvements for the racetracks and not just the slots parlors?"

Philly Park has had plenty of years of not doing much, but I thought the first and third floors were well done in their remake and I think most players would agree with that assessment. I would call them some capital improvements.

How many racino's has Finley actually been to before and after?

Gulfstream has made the ultimate capital improvement.

[richard]

Tioga Downs was racing snowmobiles and had flea markets for crying out loud . Now it's a state of the art harness track with casino owned by Jeff Gural. And he resurrected Vernon Downs too. It's jobs jobs jobs.

[Clip-Clop]

Originally Posted by Cannon Shell

How many racino's has Finley actually been to before and after?

Gulfstream has made the ultimate capital improvement.

Couldn't agree more, that place is something. When we visit Florida, I no longer have to ask to go, she wants to go there.

[Travis Stone]

Originally Posted by PatCummings

"Have any Racinos invested in capital improvements for the racetracks and not just the slots parlors?"

Philly Park has had plenty of years of not doing much, but I thought the first and third floors were well done in their remake and I think most players would agree with that assessment. I would call them some capital improvements.

The entire building at Louisiana Downs was given a face lift when Harrah's came in. I'd hate to see what it would like if they didn't...

[johnny pinwheel]

face it, the good times were over the minute racing NEEDED slot money. someone asks how the closing of tracks will be helpful to racing....its simple there are too many tracks (supply) and not enough betting (demand) to make it worth it....thats why tracks count on this vlt money. i'm from the era when tracks did fine on their own merit and product.......NYRA originally wanted nothing to do with VLT's. the fact that tracks need this revenue shows there is a problem. economics is not rocket science....when the herd is too big, the weak will fall....thats just nature. racing will HAVE to streamline or ALL the tracks will be gone. the ones that survive will be stronger if this happens. With all the VLT action going on, eventually they will see the same fate....how many VLT centers can be built and survive...they will have an awakening too....many times MORE is not BETTER. the politicians don't see horse racing as "too big to fail" so don't hold your breath for a government bailout.

[tector]

From prior experience I know Indian Charlie (the poster, not the horse) understands how a market economy is supposed to work. But past that I am not seeing much evidence of it around here.

So, YEE HAW, bring on the welfare!