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Old 08-28-2012, 11:52 AM
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Beyer

He was not appeased; this was Cuomo’s opportunity to execute a coup. The governor is a staunch supporter of the casino industry, which can generate significant revenue for the state, not to mention large political contributions. Because of the law giving racetracks a subsidy from slot-machine funds, horse racing siphons away money that politicians want for their own aims. Cuomo sought to take control by changing the composition of the NYRA board, reducing it to 17 members, eight of whom will be appointed by the governor and two each by the Senate and Assembly.

No one is surprised by this, right?

It is only a matter of time before politicians say "we can get a whole lot more if we just eliminate the horses from the equation". This will happen everywhere sooner or later. If you depend on slots for purses/horses I would not get too comfortable.
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Old 08-28-2012, 12:22 PM
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Beyers article is a great summation of the ins and outs over time, elucidates the political machinations well.
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Old 08-28-2012, 01:24 PM
Antitrust32 Antitrust32 is offline
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Of course racing was going to be pushed out and Casino's are going to take over eventually. You could tell from the first day slots at racetracks became the new fad, that it was just a band aid for actual horse racing and that we were entering dangerous territories. State governments used the racing industry and the Interstate Horseracing Act and Wire Act to be able to make slot gambling legal... and then eventually they can change the rules like they seem to do about everything.

Fault has to lie with the race tracks. Politicians will always be politicians. They are going to jump on any opportunity they can to get more money in their pockets. Racing as always had a problem valuing short term success over long term.

More government never means a better product. I really feel for New York Horse racing and NYRA.
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