Belinda Stronach Plan For Company’s Assets. We Believe In The Future Of Horse Racing

[Andy Asaro]

https://twitter.com/racetrackandy/status/1062062890373472256

Excerpt:


On historical horse racing machines in California

Tim Ritvo: It's in the works. We will be applying for it at the California Horse Racing Board meeting. We'll be putting it into our license application and we believe we would be on solid ground legally with historical racing because it is based on the outcome of a historical horse race. They are not slot machines, they are historical racing machines, and we think they would be an added amenity to the entire property from a bunch of different perspectives. They would drive pari-mutuel wagering and handle by having more people come to the facility, generate purse money. California is one of the only places where “A level” tracks compete without a subsidy (from slots or casino gaming). Also, when you look at the development component, if we are successful, then hotel operators start to look at the facility and incorporate the entire master plan of what we are looking at.

Belinda Stronach: It's another product offering, another amenity for the guests that come to our venues. It's a derivative of the platform we already have.
===================================

I chose California excerpts but the article encompasses a lot more than that.

[Threechimes]

https://twitter.com/racetrackandy/status/1062062890373472256

Excerpt:


On historical horse racing machines in California

Tim Ritvo: It's in the works. We will be applying for it at the California Horse Racing Board meeting. We'll be putting it into our license application and we believe we would be on solid ground legally with historical racing because it is based on the outcome of a historical horse race. They are not slot machines, they are historical racing machines, and we think they would be an added amenity to the entire property from a bunch of different perspectives. They would drive pari-mutuel wagering and handle by having more people come to the facility, generate purse money. California is one of the only places where “A level” tracks compete without a subsidy (from slots or casino gaming). Also, when you look at the development component, if we are successful, then hotel operators start to look at the facility and incorporate the entire master plan of what we are looking at.

Belinda Stronach: It's another product offering, another amenity for the guests that come to our venues. It's a derivative of the platform we already have.
===================================

I chose California excerpts but the article encompasses a lot more than that.



LOL @ Horse Racing and the never ending pursuit to get money from other entities . How about this. Promote the sport properly and put a quality product on the track. I hope the Native Tribes oppose this at every step . Thinking historical race machines are not slot machines is pathetic . They are not based on previous races . They are slot machines that portray a previous race. Plain and simple .

[cj]

LOL @ Horse Racing and the never ending pursuit to get money from other entities . How about this. Promote the sport properly and put a quality product on the track. I hope the Native Tribes oppose this at every step . Thinking historical race machines are not slot machines is pathetic . They are not based on previous races . They are slot machines that portray a previous race. Plain and simple .

^^^^^^^^^^^^^

Every time tracks get purse money from places other than betting, the importance of actual bettors of horse racing is diminished and hopes for an improved wagering product shrink.

[MadVindication]

^^^^^^^^^^^^^

Every time tracks get purse money from places other than betting, the importance of actual bettors of horse racing is diminished and hopes for an improved wagering product shrink.


Yet if there's not enough money coming from betting the eventual alternative is no horse racing at all.

Finding funding to modernize and bring more bread and circus to it could be the only way to get new blood in the game. Like the article says horse racing has sustainability issues. They need profits to renovate/add venues and advertise.

There needs to be more appeal for the recreational gamblers and attracting people to choose a day/night at the races over other forms of entertainent. Serious gamblers will just sign up on the online platforms and play multi tracks from home.

I'm not convinced that better wagering opportunities won't eventually follow with new blood and increased customer experience at the track. It could turn more casual players into frequent recreational players, more people to give a shit about the customer experience.

[Andy Asaro]

^^^^^^^^^^^^^

Every time tracks get purse money from places other than betting, the importance of actual bettors of horse racing is diminished and hopes for an improved wagering product shrink.

Completely agree. But, unless all the other tracks give it up then it's the only way for Ca. to stay in business.

On sort of a side note I could see the Indians and Tracks coming to some sort of agreement over Sports Betting being brick and mortar only. If they allowed the Indians to open sports bars/books in the city that took bets on horse racing AND had a limited number of slots in them then why couldn't Horse Racing do the same thing? In fact why couldn't the Indians put in Instant Racing machines and the Tracks slot machines if that is mutually agreed upon?

But yes, IMO it's better for Tracks to go out of business instead of being subsidized. Then the market would dictate where the last tracks standing would be and handle would be concentrated on those tracks.

[thaskalos]

Mark my words: The new horseracing laws will eventually be amended...and the racinos will be allowed to keep their casino privileges without having to offer any "live racing". This "historical racing" will be deemed good enough as a "replacement"...and the horsemen and jockeys will be out in the cold, along with the long-suffering horseplayers. That's why the tracks are advertising this new "Historical Racing" as something more than a slot-machine game. The tracks don't want to put up the exorbitant cost of running a live meet...and they are salivating over the low-cost profits that slot-wagering generates. If they could convince the politicians that there is a "skill" component to this historical racing...then this could replace live racing altogether in the near future...IMO.

The trainers now dream of the day when their horseracing purses will be wholly subsidized by the casino patrons...so they can collect their money without having to hear the endless complaints of the "degenerate horseplayers". But these trainers haven't taken the greed of the TRACKS and the POLITICIANS into full consideration. If they did...then they would realize that we could ALL eventually be left out in the cold.

[ReplayRandall]

Mark my words: The new horseracing laws will eventually be amended...and the racinos will be allowed to keep their casino privileges without having to offer any "live racing". This "historical racing" will be deemed good enough as a "replacement"...and the horsemen and jockeys will be out in the cold, along with the long-suffering horseplayers. That's why the tracks are advertising this new "Historical Racing" as something more than a slot-machine game. The tracks don't want to put up the exorbitant cost of running a live meet...and they are salivating over the low-cost profits that slot-wagering generates. If they could convince the politicians that there is a "skill" component to this historical racing...then this could replace live racing altogether in the near future...IMO.

The trainers now dream of the day when their horseracing purses will be wholly subsidized by the casino patrons...so they can collect their money without having to hear the endless complaints of the "degenerate horseplayers". But these trainers haven't taken the greed of the TRACKS and the POLITICIANS into full consideration. If they did...then they would realize that we could ALL eventually be left out in the cold.

Yep, Robert Goren always had it right.....

His signature,

"Some day in the not too distant future, horse players will be betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".


PS- I miss his posts....Good Guy.

[thaskalos]

Yep, Robert Goren always had it right.....

His signature,

"Some day in the not too distant future, horse players will be betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".


PS- I miss his posts....Good Guy.

I miss him too. And it bothers me that he and I got into a somewhat heated argument about sports-betting just prior to his passing. I would have liked to have made up with him. :ThmbUp:

[MPRanger]

I miss him too. And it bothers me that he and I got into a somewhat heated argument about sports-betting just prior to his passing. I would have liked to have made up with him. :ThmbUp:


You were part of his experience. That's what he was here for. No?
It's OK.

[dilanesp]

https://twitter.com/racetrackandy/status/1062062890373472256

Excerpt:


On historical horse racing machines in California

Tim Ritvo: It's in the works. We will be applying for it at the California Horse Racing Board meeting. We'll be putting it into our license application and we believe we would be on solid ground legally with historical racing because it is based on the outcome of a historical horse race. They are not slot machines, they are historical racing machines, and we think they would be an added amenity to the entire property from a bunch of different perspectives. They would drive pari-mutuel wagering and handle by having more people come to the facility, generate purse money. California is one of the only places where “A level” tracks compete without a subsidy (from slots or casino gaming). Also, when you look at the development component, if we are successful, then hotel operators start to look at the facility and incorporate the entire master plan of what we are looking at.

Belinda Stronach: It's another product offering, another amenity for the guests that come to our venues. It's a derivative of the platform we already have.
===================================

I chose California excerpts but the article encompasses a lot more than that.

It's funny, the "historical horse racing" machines are set up in the same spot at Santa Anita where Stronach's stupid "Horse Wizard" machines were set up 15 years ago. (The "Horse Wizard" signage is still up.)

The more things change the more they stay the same.

[MadVindication]

Uhhh, wait, what...they want to put beans running on a screen and call it "horse racing" for idiots who think slots actually pay out?

[MadVindication]

I used to play this game a lot as a kid...but I'd like to think I've moved on to grown-up gambling...

https://youtu.be/owPTzUhB_9k?t=539

five just had a bad break I'm sure!

[thaskalos]

Uhhh, wait, what...they want to put beans running on a screen and call it "horse racing" for idiots who think slots actually pay out?

The horse racing industry calls us "addicted degenerates"...and we do what we can to prove them right. :ThmbUp:

[MadVindication]

The horse racing industry calls us "addicted degenerates"...and we do what we can to prove them right. :ThmbUp:

Well until their happy hour specials beat drinking at home while betting online we'll never prove anything. There's something that's bigger than all of us going on here!

[Elkchester Road]

^^^^^^^^^^^^^

Every time tracks get purse money from places other than betting, the importance of actual bettors of horse racing is diminished and hopes for an improved wagering product shrink.CJ...you could not be more correct. There has been such a shift in the dynamic...and the difference between horseracing and "racing horses" has never been bigger. It is really hard to like this game, sometimes.

[Elkchester Road]

Mark my words: The new horseracing laws will eventually be amended...and the racinos will be allowed to keep their casino privileges without having to offer any "live racing". This "historical racing" will be deemed good enough as a "replacement"...and the horsemen and jockeys will be out in the cold, along with the long-suffering horseplayers. That's why the tracks are advertising this new "Historical Racing" as something more than a slot-machine game. The tracks don't want to put up the exorbitant cost of running a live meet...and they are salivating over the low-cost profits that slot-wagering generates. If they could convince the politicians that there is a "skill" component to this historical racing...then this could replace live racing altogether in the near future...IMO.

The trainers now dream of the day when their horseracing purses will be wholly subsidized by the casino patrons...so they can collect their money without having to hear the endless complaints of the "degenerate horseplayers". But these trainers haven't taken the greed of the TRACKS and the POLITICIANS into full consideration. If they did...then they would realize that we could ALL eventually be left out in the cold.
I agree that this will be exactly what happens...sooner rather than later.

[Someday Silent]

So... Belinda Stronach in her fancy Pegasus dress that probably cost more than my house thinks she knows about horses and horse players?

I read the entire article that's up on Paulick Report and rolled my eyes at 90% of it. She gushes about creating an "experience" for new people, but completely ignores the fans and bettors the Stronach tracks already have.

Look, I am not a rich person. I'd love to own a racehorse some day but it'll probably be a $30,000 claimer (which is fine). I bet maybe $100 to $200 whenever I'm lucky enough to make it to a track... but I guarantee you that regular folks like me who go to the track 15 or 20 times a year and spend our measley $200 are worth in more in the long run than the spoiled rich kids who'll show up at the Pegasus once a year and spend too much on crappy cocktails and not a dime on the actual races.