Okay, I just got into the office, after spending the day in front of a Federal Grand Jury.

Kidding. Actually, with vets, but the ones for my 16yo diabetic cat.

Anyway, I'm a little behind the curve with this story. But I did make a couple of calls, and I predict (mostly based on what appeared in the News and Post) that this will end up being the biggest racing story of all time. This carries a lot more than industry penalties (suspensions and fines)-- tampering with a parimutuel event is a crime, and Federal time doesn't allow parole. They apparently have some wiretaps, and there are a lot of people who will be talking as fast as they can get the words out of their mouths.

So I'm predicting a very big story, with ramifications all throughout the industry, including rebates. A huge ripple effect, and one possible outcome is Federal regulation. I'm a Libertarian, but if there ever was an industry that cried out for regulation...
I feel a letter to the editor coming.



TGJB