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#1
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It happened. The "overlooked due to the complexity of the takeout provisions in the Racing Law" part is kind of lame.
You are talking about 4% revenue difference on a big portion of the business. Should have been on a lot of parties radar. |
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#2
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I am pretty sure if they were taking out 1% too low, that this would have been caught rather quickly....
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#3
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Gee, especially since increases in takeout are supposed to reduce profits. So you would think that if their revenues were down by 4% they would have noticed their take was too high....
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facilis descensus Auerno |
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#4
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Was talking to someone about this last night: where were the folks at Getnick & Getnick? Aren't they being paid a seven figure retainer to make sure things like this don't happen? Other than a political payoff to Spitzer friends (when NYRA got franchise renewal), they never struck me as having a single bit of utility, even when they were court-appointed monitor. If some heads are going to roll, isn't this a good place to start?
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#5
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Rollback permanent: http://www.drf.com/news/nyras-haywar...tion-permanent
Hayward said the takeout reduction on those wagers would be permanent and not for only 15 months as had been reported by some outlets.
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All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad 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. |