Re: Stronachs Trial Balloon (540 Views)
Posted by:
OPM (IP Logged)
Date: August 16, 2004 01:12PM
Personally, Magna has some good ideas about racings such as rebates to players. However, their overall strategy is just plain dumb. No one at the top management knows what the hell they are doing. There are so many changes that it seems they have no continuity in their message. It seems that they want racing to be part of an entertainment complex rather than the central attraction. Also, this company will be bankrupt in 2 yrs unless their is a significant turnaround. I don't see a significant turnaround in their portfolio anytime soon, especially with the problems that will arise at GP this winter. They have not kept any promises made in Maryland. Thistledown/ RP/Lone Star are D rated property at best. They easily have the worst online betting site of all the major players. Also, racing is not an industry that is growing leaps and bound. If it was not for the rebaters, handle over the last couple of years would actually have gone down, not up. Therefore, for them to gain market share they will have to get players away from other sites and this is not likely to happen.