Miff:

I like the idea of the Vegas guys-- it gives us a chance to have a shot at
a new facility which is so badly needed here in NY.

I have been enjoying the ongoing dialogue concerning the importance of the
rapidly disappearing live gate.

Let me take as an example winter racing at the present in NY, the quality
of which has resulted in me making 80% of my wagers on Fair Grounds racing.

If winter racing at NY was conducted at a clean modern facility which
offered entertainment, dining, and wagering options, and the operator of said
facility had any notion of customer service, said facility could draw 5000
humans on weekdays and 10,000 on weekends. (This assumes a lighter winter
racing schedule and better racing enabled by slots).

Lets say that the powers that will be determine that 5K/10K live gate number
is profitable. How do you get there and maintain or exceed those numbers? Part
of it is the attractive facility. Would it be wise (if indeed possible) to pay
a premium on winning wagers made at the track? Would it be wise or possible to
offer a rebate (or a larger rebate) to on track players? Who better than Vegas
guys to determine a way in which to reward larger players?

I do not care if 20% of this live gate is 80+ year olds who would never
consider wagering on a horse race, so long as some of their money goes to
improve racing.

I think live gate goals are attainable,and the live gate "package"
(turnstile, parking, concessions) can contribute to profit when properly
managed. I also believe that offering a good live racing experience is
important in terms of maintaining and hopefully growing Racing's fan base.

A word concerning Belmont Park-- needs to remain in the mix, but on a
limited basis in terms of live racing. In years where there is a compelling
Belmont Stakes (especially a Triple Crown possibility) or the possibility of
hosting a Breeder's Cup in the Fall, these events can contribute to a strong
bottom line (5 week meets Spring and Fall?)