And speaking of which... (816 Views)
Posted by:
TGJB (IP Logged)
Date: March 29, 2004 01:42PM
I totally agree with Len's post about takeout reform. I also think that the recent boycott by big bettors was a watershed event that went by almost unnoticed-- because rebate sites have direct access to players responsible for a very big chunk of the handle, going forward it will be possible to use that leverage to gain a voice in what transpires.
There are a lot of variables, interests, and economic pressures here, but one way this could go is-- handle moving to rebate houses forces the industry to cut out the middle man by giving rebates themselves to big bettors, and political considerations then force takeout cuts for all. But without economic pressure (i.e. handle moving towards lower prices) nothing will happen-- track operators and legislators can't/won't get it unless they are hit over the head.
TGJB
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