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#6
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Quote:
They arent alone in incorporating this strategy. Far too many people in this industry and I'm including bettors in this group are just plain naive in understanding what is going on behind the scenes in upper management at many tracks throughout the country. They scratch their heads and wonder why tracks dont do this or do that. They get lured into believing that regulatory issues are somehow holding the sport down. They fall in line behind stupid movements that sound logical to them on the surface but fail to see the underlying doom that movement will cause. In the end the giant pink elephant in the room is that a lot of tracks want live racing to fail at their facility. They figure that even in the case of a track w/o a casino that ending live racing but continuing simulcasting (assuming the state wont want to lose those revenues and if there are no horsemen left who will fight them?) will be profitable as the cost of running a backside is not small. Why do you think management at the tracks in PA have left takeout at such ridiculous level? People blame the horsemen and in fact the horsemen are stupid in not demanding change but these groups are dysfunctional organizations of mostly volunteers and people looking for be on the "inside". They have little to offer outside of fighting for horsemen on issues they understand. Penn National Gaming is a multi-billion dollar gambling company. Do people really think they aren't aware of the issues involving high takeout levels? Really? They DONT WANT you to bet Penn National. They'd rather see racing deteriorate so eventually they can look to pull the plug and just have a casino. CDI looks like they are pretty much going don the same path. Sorry for the rant so early in the AM |