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#1
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Not really. You aren't getting a live sporting event at the casino.
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#2
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The bigger issue is what kind of increase are they asking for the signal though I guarantee that the increase in admission prices will likely get a lot of negative press upstate.
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#3
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#4
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With all the pressure that NYRA seems to be under from the state to make racing operations at least a break even proposition, it is looking for "revenue" anywhere it can find it. Unfortunately, seeing how NYRA makes more money from an on-track dollar wagered than an off-track dollar wagered, anything that discourages patrons from wagering on track is counter-productive.
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#5
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it definitely creates a negative perception, that of NYRA trying to bilk their already regular customers for more $ without offering anything extra in return. And I agree with the statement that the extra $2 would be spent anyway in some form, be it wagering or food/drink. Finally, many people don't simply go to Saratoga for one day, they vacation there for a week, or even a month. So that extra admission money does add up. |
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#6
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This is the fallacy we often hear. Let's try running races without gambling and see how many people show up.
__________________
@TimeformUSfigs |
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#7
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I think they are trying to draw a younger hipper more affluent crowd to the races. They know this not going to happen at Aquduct in the winter but might work at Belmont in the spring or fall. To do this they are trying to price out some of the undesirables, stoopers, unwashed people etc.... I know this is a stereotype but when I try to bring new people to the races this is often the first thing I hear. |
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#8
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I guess this is where the split is. For some, it is entertainment, for others it is gambling. I love racing, but take away the gambling, and I'd most likely never go again.
__________________
@TimeformUSfigs |
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#9
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#10
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NYRA offers a premium product. You raise prices for premium products. Saratoga's Clubhouse admission price was lower than that of every other major racetrack in the country that charges. It was time for an increase.
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#11
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It was only time for an increase IF the delta between handle rake and addtional earned admission is positive. Who did the analysis or was it "just time to increase it"?
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#12
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Only in racing do prices go up when business is down.
__________________
@TimeformUSfigs |
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#13
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#14
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they could charge 15 and 30 it would still be worth it
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#15
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My gambling friends who know little to nothing about horse racing sometimes ask me (crazy i know) for a play or two. Rest assured, they always have a snarky comment to me about the people that visit these betting outlets and joke about how I'll one day be one of these guys lol. Needless to say, there's a stigma that goes along with horse players. Right or wrong, it's there, and I think it prevents some of the newbie generation from jumping in feet first. I've also wondered what racetracks would look like if they followed the NFL's footsteps in making home viewership so much more enjoyable than year's past. Apples and oranges in comparison to product, just something that crosses my mind from time to time.
__________________
"A person who saw no important difference between the fire outside a Neandrathal's cave and a working thermo-nuclear reactor might tell you that junk bonds and derivatives BOTH serve to energize capital" - Nathan Israel |
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#16
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#17
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__________________
Tod Marks Photo - Daybreak over Oklahoma |
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#18
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Last edited by helicopter11 : 12-03-2013 at 09:19 PM. |
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#19
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#20
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