Pennsylvania horse racing commission near insolvant

[tanner12oz]

Article in todays Pittsburgh post...horse board flirting with insolvancy folding into the gaming control board...factors cited were personnel costs.expansion of off track and internet gambling exempt from park mutual tax..

commission expected to be broke in 6 months

[tanner12oz]

http://triblive.com/mobile/5112233-96/racing-horse-pennsylvania

[Mineshaft]

so what does all this mean?

[PaceAdvantage]

Wait for it...wait for it.....

[Mineshaft]

Wait for it...wait for it.....




not starting anything was just wanting to know would they close down a few tracks or cut purses?

[proximity]

so much for the 10% tax on out of state adws being the solution to the world's woes.

[lamboguy]

not starting anything was just wanting to know would they close down a few tracks or cut purses?
the new book has purse cuts in it.

[Mineshaft]

the new book has purse cuts in it.




All tracks?

[therussmeister]

not starting anything was just wanting to know would they close down a few tracks or cut purses?
They will likely enact a surcharge on ADW winning bets at minimum, or maximum a surcharge in all winners, on-track, OTBs, and ADWs.

[RXB]

Perusing Saturday & Sunday entries, it looks like Parx has reduced the Pa-bred MSW/Alw purses.

[Wingtips]

http://www.philly.com/philly/news/Bill_to_restructure_horseracing_comes_on_heels_of_ investigation.html


A state senate bill introduced yesterday that would expand oversight of Pennsylvania’s multi-billion dollar horse racing industry and pave the way for internet wagering comes as word has spread of a federal investigation into the sport.

Two sources familiar with the investigation - a state official and a horsemen's board member - said the probe focuses on race fixing in Pennsylvania but that the scope was not clear: if investigators are looking at one race or many races, or one track or multiple tracks.