Aqu casino sets record

[JustRalph]

http://www.nydailynews.com/new-york/resorts-world-casino-hits-new-record-71-2m-march-article-1.1310209


Hitting on all cylinders

http://assets.nydailynews.com/polopoly_fs/1.1310204.1365376748!/img/httpImage/image.jpg_gen/derivatives/landscape_635/racino.jpg

[Zydeco]

Wow..pretty good. I guess we will be seeing the state taxes on individuals start to come down. Good for New York. (Wish Ralph had posted this on April 1st!)

[mannyberrios]

I wonder what Robert Goren has to say about this

[tzipi]

How long till they expand on the track with more of the casino, hotel , shopping, etc and bring in more money?

[Robert Goren]

I wonder what Robert Goren has to say about thisI always thought a NYC area casino would be a gold mine. I have no problems with casinos. What I have a problem with is the state forcing casinos to use part of their profits to prop up a race track whether it be in NY or PA or OH or NJ or NE or any other place. I believe that race tracks should stand on their own or go out business like any other business. I am not alone in this belief. There have been other posters who have said the same thing.

[Jasonm921]

I always thought a NYC area casino would be a gold mine. I have no problems with casinos. What I have a problem with is the state forcing casinos to use part of their profits to prop up a race track whether it be in NY or PA or OH or NJ or NE or any other place. I believe that race tracks should stand on their own or go out business like any other business. I am not alone in this belief. There have been other posters who have said the same thing.

I agree Robert.

[burnsy]

I agree that the tracks have to do a better job competing and offering "quality" alternatives to the casino side. But i disagree that there should be no part of profits going to the purses for several reasons. First at most of these cites the track was there before "slots" ever existed. There has to be a price on this and some co-operation. But more importantly the economic impact of horse racing is way more far reaching than machines that spin around. I believe the state recieved 30 something million during each record breaking month? I can't remember the exact number but i read the article. The new "revenue" is for "education", just like the lotto money. How the money is actually spent, should be questioned and studied. But heres the point, the money the state rakes in and the money from the actual act of casino gambling has little impact on the overall economy. Yeah, you need some attendants and waitresses for the casino and the money may build more schools or hire more teachers....most likely it will go to some administrator that makes 200k plus a year. Last time i looked they were cutting back on teachers! Meanwhile, the affects of a healthy horse racing game generate property value and more importantly employment state wide. If those horses are running downstate there are farms all over the rural areas of upstate NY. This includes harness racing. These are places that need all the "juice" they can get from the job market and viable farming or property management. In other words when that person bets 2 bucks on the double it multiplies in the economy way more than the person that pushes a button. There is probably way more bang for every dollar racing gets than what the state gets....there should be a study on that....lol. If you see the way NY works you would understand. These kids can't even do the math to figure out that the slots are rigged against you anyway. The state of our education system is open to debate...lol. But hey, their spending billions on it and "managers" are getting rich off of it. Horse racing branches out to billions in value and revenue through the state...if it were gone, the states economy would shrink. When you walk into Aqueduct, Belmont or Saratoga......there are literally thousands of people affected by that, farther away than your eye can see. Casinos can't really do that.......its a machine,

[precocity]

TEXAS SENATE is voting today to allow 21 casinos to operate in the state and to save the horse racing industry? Oh by the way texans gave oklahoma and louisiana 3billion last year. :sleeping:


http://trailblazersblog.dallasnews.com/2013/04/surrounded-by-suits-at-the-casino-hearing.html/

[badcompany]

I agree that the tracks have to do a better job competing and offering "quality" alternatives to the casino side. But i disagree that there should be no part of profits going to the purses for several reasons. First at most of these cites the track was there before "slots" ever existed. There has to be a price on this and some co-operation.

What is the incentive for tracks to offer this "quality"?

The horsemen incentive is to keep lobbying politicians so that the slots gravy train stays in motion. The casino incentive is to spend as little as possible on the money losing, horse, part of the operation. That's the problem with this set up. The horseplayer customer isn't part of the equation.

The "We were there, first!" argument is so patently absurd that only someone benefiting from the current setup could possibly have this opinion. Should a new, successful restaurant in town have to split its profits with a failed restaurant that was there first?

The horsemen have had ample opportunity to pull their weight, but haven't done so. Eventually, the tracks are going to get full fledged casinos, horsemen welfare will come to an end and they'll be told to vacate the premises, immediately.