Re: The Rise and Fall of Horse Racing (593 Views)
Posted by:
miff (IP Logged)
Date: March 07, 2007 09:58AM
All those trying to get their grubby little hands on NY racing know that the racing franchise is possible entre into the profitable casino gambling world.For every pure racing business model I have seen for NY, none seem to have have any real long term profitability and growth potential for a racing operation only.
Why are so many falling over themselves to get into a mature niche-like losing business? It's future casinos in the Financial Capital of the world,NY.A knowledgeable gaming attorney said the price for such entre is really tough to peg but's its worth at least 10 times more than what it will cost the franchise winner, if not NYRA.
You can bet that the Idioticians in Albany will f--k up this very valuable state asset.
Mike
P.S. to Stronach fans-- you must kidding,no? There wasn't a more beautiful place to hang out in winter than Gulfstream Park and look what he's done to it.
Edited 2 time(s). Last edit at 03/07/2007 10:01AM by miff.