Nice job Magna

[pmd62ndst]

What's the reverse of the midas touch?

Magna Corp pours millions of dollars and tons of resources to fund California Ballot Initiative 68, only to watch it lose, 84% to 16%.

/idiots

[takeout]

Win or lose I guess that’s how the game is played. I believe CD Inc. did the same thing. Tracks that don’t get slots will probably end up in the same shape Maryland is in.

[CryingForTheHorses]

Originally posted by pmd62ndst
What's the reverse of the midas touch?

Magna Corp pours millions of dollars and tons of resources to fund California Ballot Initiative 68, only to watch it lose, 84% to 16%.

/idiots

Geeze lets get all the Magna stuff out!..Whats with all the Magna bashers?..As for being idiots??..Hardly

[chickenhead]

I think I must have been the only one who voted for it! People here are fed up with slots.

[takeout]

Originally posted by McSchell_Racing
Whats with all the Magna bashers?
I don’t understand that either. Seems to be the company that everyone loves to hate. I can’t think of any of these outfits that are doing us any favors. Why Magna is singled out as the big bad evil one is beyond me.

[cj]

Magna committed the big sin, they took away something people had. Its never good for a business to take away something from people and try to force their hand. That is why they are the villain, plain and simple.

[Macdiarmadillo]

Wait until Magna buys your "home" track and you'll find out.

[Blackgold]

CD is a better run organization than Magna.

Go long CD stock and short Magna.

Just wait until all that money being sucked out for renovations and the mall at GP takes them down.

Couldn't happen to a more deserving guy, Ston-of-a-b***h.

[ceejay]

http://www.drf.com/news/article/60548.html

I don't know how much Magna (and the Native American's) put into the vote here, but it passed fairly easily.

The Oklahoma measure will allow Remington Park to install 650 machines that are based on bingo and other so-called "games of skill." Oklahoma's two other racetracks, Blue Ribbon Downs and Will Rogers Downs, will each be able to install 250 of the machines. The machines are already in use at approximately 80 American Indian casinos in the state.

The fix for racing is just temporary, though IMO.

[SAL]

Originally posted by cj
Magna committed the big sin, they took away something people had. Its never good for a business to take away something from people and try to force their hand.

CJ, you hit it right on the head. I refuse to patronize the two Magna tracks in my area (GG and BM) because of the tactics they employ. I won't bash them, but I won't give them any of my business either.

[The_Knight_Sky]

Originally posted by Blackgold

CD is a better run organization than Magna.

Ah yes.
The same corporate banner that chose to
coordinate post times within seconds of each other Thursday night.

re: Hoosier 2nd and Hollyrock 7th

This same great organization will now run their
Friday night Hollywood cards ending around 2 am Eastern time.
In the process they'll be denying a vast portion of simulcast handle east
of the Mississippi not to mention inconveniencing the weekend warriors
studying for the Saturday afternoon cards.

Really smart management this CDSN. http://www.hoc-board.de/phpBB2/smilies/nerv/shot.gif

[ratpack]

Well I voted for 68 also but was very pissed at the Govenator last year at beginning of this process.

He basically used the Racing industry as a wedge to force the Indian Casinos to deal. He said if the casinos did not give a fair share to the state he would put slots in all the racetracks and Card Clubs.

So now Arnold gets his way and the indian casions begin to deal with him and he publically goes aganist prop 68 leaving the racing industry nothing.

The Calif Racing industry has given hundreds of millions of dollars in taxes to the state of California since the 30's and the best Arnold could do was use it as a prop.

[socantra]

Originally posted by ratpack
Well I voted for 68 also but was very pissed at the Govenator last year at beginning of this process.

He basically used the Racing industry as a wedge to force the Indian Casinos to deal. He said if the casinos did not give a fair share to the state he would put slots in all the racetracks and Card Clubs.

So now Arnold gets his way and the indian casions begin to deal with him and he publically goes aganist prop 68 leaving the racing industry nothing.

The Calif Racing industry has given hundreds of millions of dollars in taxes to the state of California since the 30's and the best Arnold could do was use it as a prop.

Prop 68 was a naked attempt to grab the gaming rights from the tribes by the racing and gaming industry. It demanded an extremely high 25% of net from the tribes and if any tribe balked, ALL tribes lost exclusivity of gaming rights. Its a little harder to steal from the indians than it used to be. They've got lawyers and money now, which are proving to be better weapons than guns.

In Oklahoma, the Choctaws own one of the tracks, and there are OTBs at almost all indian gaming facilities. They not only didn't fight slots at the tracks, they provided 2/3 of the money for promotion of the issue. Through the new compact, they provide increased revenue to the state

Maybe the tracks in California should figure out a way to cut the tribes in on the deal, rather than fighting them. They're a lot better armed than they used to be.

socantra...

[delayjf]

This same great organization will now run their
Friday night Hollywood cards ending around 2 am Eastern time.
In the process they'll be denying a vast portion of simulcast handle east
of the Mississippi not to mention inconveniencing the weekend warriors
studying for the Saturday afternoon cards.

I could not agree more, for the life of me I can't understand why they (HOL) continues to card friday night races. The east coast does carry the card and I find it hard to believe that the on-track crowd makes up for that. Most are there for the cheap hotdogs and beer. I know the horsemen hate it. I think a 4 p.m post time would suit much better. Anybody out there know why HOL still does this???:confused:

[ratpack]

They just started putting OTB units in the casinos in Calif, that should help the racing industry.

Arnold got that 25% figure from the indian casions back east that is what they pay in NY I believe.

Arnold got what he wanted he is negotiating Tribe by tribe for an 8 3/4 % corporate figure and he used the racing industry as bait.

[Tom]

Originally posted by Macdiarmadillo
Wait until Magna buys your "home" track and you'll find out.

They can have mine. Finger Lakes. I wouldn't go there if it were the only game in town. I'd give up horseracing before I ever went back there. Franky is bad for racing. Plain and simple. A pox on him.

[ratpack]

Originally posted by delayjf
I could not agree more, for the life of me I can't understand why they (HOL) continues to card friday night races. The east coast does carry the card and I find it hard to believe that the on-track crowd makes up for that. Most are there for the cheap hotdogs and beer. I know the horsemen hate it. I think a 4 p.m post time would suit much better. Anybody out there know why HOL still does this???:confused:


This fall meet their are only 2 Friday Night dates the last one is next Fri then they go to 12:30PM starts for the rest of the meet.

I am no expert on it but according to the Racing shows in So Cal the Friday night cards during the summer have been successful at bringing in a younger crowd that is why they continue to schedule it.

[CryingForTheHorses]

Originally posted by cj
Magna committed the big sin, they took away something people had. Its never good for a business to take away something from people and try to force their hand. That is why they are the villain, plain and simple.

CJ please expain to me what "The big sin" was. What did Frank take away?..Im naive on betting stuff, I only know the horse side. Please expain what he did for everyone to hate him. Thanks

[CryingForTheHorses]

Originally posted by Blackgold
CD is a better run organization than Magna.

Go long CD stock and short Magna.

Just wait until all that money being sucked out for renovations and the mall at GP takes them down.

Couldn't happen to a more deserving guy, Ston-of-a-b***h.

Spoken like a true 2 dollar bettor!!

[cj]

Originally posted by McSchell_Racing
CJ please expain to me what "The big sin" was. What did Frank take away?..Im naive on betting stuff, I only know the horse side. Please expain what he did for everyone to hate him. Thanks

He took away the ability to watch his races, and the ability to bet his races UNLESS you opened an account through Magna's site. He is certainly entitled, but he should have thought about that before he allowed others companies to carry his signal and take his action.

Not to mention the way he did it at the very last second through some cheesy announcement.

Magna is gambling on getting slots, plain and simple. If they don't get them, the racing side of the Stronach company is going to cost him a small fortune.

[Tom]

Franky did nothing illegal, everything was his right to do.
And it is our right to boycott him. And curse him. I will never go back to playing GP or SA winter. I will not have some pompouis ass tell me when I can play and when I can't. And I have an Expressbet account! But I will not put a penny on his premier tracks ever again.

[CryingForTheHorses]

Originally posted by cj
He took away the ability to watch his races, and the ability to bet his races UNLESS you opened an account through Magna's site. He is certainly entitled, but he should have thought about that before he allowed others companies to carry his signal and take his action.

Not to mention the way he did it at the very last second through some cheesy announcement.

Magna is gambling on getting slots, plain and simple. If they don't get them, the racing side of the Stronach company is going to cost him a small fortune.

Thanks CJ, Another question..Why would you not join his club? (express bet ) Isnt it free to join? i dont blame him for wanting to be paid for his signal.. Didnt he spend millions to buy it ? Why would he let other otb's carry his signal for free? Hell you cant post on this site unless your a member. LMAO I get lots of cheesy announcements.... im still a fighting member..I think this whole FS thing is about attitude and change..You guys are mad because you have to join express bet or you cant bet..Thats a sorry excuse to me..I admire your posting Cj..Thankyou

[ratpack]

I did not like the way Magna handled their signal last year and do not like the idea of having to open more than 1 account but that is the game as of now.

I am not going to punish myself by not playing SA or GS because he is an ahole but that is an individual choice.

[ceejay]

Originally posted by McSchell_Racing
Thanks CJ, Another question..Why would you not join his club? (express bet ) Isnt it free to join? i dont blame him for wanting to be paid for his signal.. Didnt he spend millions to buy it ? Why would he let other otb's carry his signal for free? Hell you cant post on this site unless your a member. LMAO I get lots of cheesy announcements.... im still a fighting member..I think this whole FS thing is about attitude and change..You guys are mad because you have to join express bet or you cant bet..Thats a sorry excuse to me..I admire your posting Cj..Thankyou

Some of us can't "join" Expressbet if we want. They won't take an account from me or anyone in Oklahoma. Their loss.

I used to be a regular at a MEC track. They acted in a way that drove me to home-wagering (by closing a paid members-only room during simulcast days). Their loss.

[cj]

Originally posted by McSchell_Racing
Thanks CJ, Another question..Why would you not join his club? (express bet ) Isnt it free to join?

That is easy...I'm a man with a family who loves to bet horses, but its not how I make a living. I don't need my money spread out all over the place just so I can bet every track. I chose the one with the best service and the most signals, which at the time was AmericaTab.

I've now moved to Pinnacle, and gladly bet any Stronach track I want to bet. The difference is, old Frankie isn't seeing a dime of my money. His loss, and yours, not mine.

[BillW]

Originally posted by ceejay
Some of us can't "join" Expressbet if we want. They won't take an account from me or anyone in Oklahoma. Their loss.

I used to be a regular at a MEC track. They acted in a way that drove me to home-wagering (by closing a paid members-only room during simulcast days). Their loss.

Tx. is the same way. I used to play Lone Star, now it's illegal (have to go offshore). BTW LS handle has been cut almost in half in the last year. The handle for the month of the Breeders Cup meet was below what HOU was last year.

[cj]

By the way McSchell, Stronach's policies are killing the horsemen. The handle has went down at all his tracks. Hmmm, what do they do with handle? Pay purses maybe...

[socantra]

Originally posted by ratpack
They just started putting OTB units in the casinos in Calif, that should help the racing industry.

Arnold got that 25% figure from the indian casions back east that is what they pay in NY I believe.

Arnold got what he wanted he is negotiating Tribe by tribe for an 8 3/4 % corporate figure and he used the racing industry as bait.

I've heard the 25% figure is the absolute highest they could find, and that did not cover the etire net.

There must be something more that the 8 3/4% corporate figure involved because he could have gotten that from proposition 70 without negotiating tribe by tribe. I have no idea what games he's playing, but the racing industry didn't need his help to shoot themselves in the butt. It was their own greed and stupidity

socantra...

[CryingForTheHorses]

Originally posted by cj
By the way McSchell, Stronach's policies are killing the horsemen. The handle has went down at all his tracks. Hmmm, what do they do with handle? Pay purses maybe...

What was the handle like before he bought these tracks,Wasnt Santa Anita on the decline when he purchased it?..How about Pimlico..Wasnt it also having handle problems?.Lonestar?.How about Gulfstream..Didnt the Orient Corp lose a bundle on Gulfstream? Didnt they replace D Don jr toward the end because of money problems?

[socantra]

Originally posted by McSchell_Racing
.Why would you not join his club? (express bet ) Isnt it free to join? i dont blame him for wanting to be paid for his signal.. Didnt he spend millions to buy it ? Why would he let other otb's carry his signal for free? You guys are mad because you have to join express bet or you cant bet..Thats a sorry excuse to me..I admire your posting Cj..Thankyou

Other OIBs were not getting his signal for free. He was not happy with the percentage he was getting, He wanted it all. ExpressBet is free to join, but you have to have a deposit on hand. I had to decide whether it was worth it or not in order to be able to bet MEC tracks. I miss Gulfstream, but most of the rest I can live without.

What he succeeded in doing with his power grab was to drive a great many people offshore, from which he does get nothing

I don't particularly hate Magna. I think it is a dividing force in an industry that needs to work together to try to increse its fan base. Stonach is perfectly free to insist that its his football and everyone has to play by his rules. I'd rather just not play.

socantra...

[socantra]

[QUOTE]Originally posted by ceejay
Some of us can't "join" Expressbet if we want. They won't take an account from me or anyone in Oklahoma. Their loss.

The exclusion of Oklahoma accounts is due to a ruling by the Attorney General of Oklahoma several years ago that internet wagering in Oklahoma was illegal and that anyone accepting bets from Oklahoman's was in violation of state law. The AG's office sent letters to a number of the internet betting services at the time. It got me dropped from YouBet. I turned around and signed with BrisBet (AmericaTab). I don't know whether they didn't get the letter, or were just not sufficiently terrified by the Oklahoma AG.

socantra...

[cj]

Originally posted by McSchell_Racing
What was the handle like before he bought these tracks,Wasnt Santa Anita on the decline when he purchased it?..How about Pimlico..Wasnt it also having handle problems?.Lonestar?.How about Gulfstream..Didnt the Orient Corp lose a bundle on Gulfstream? Didnt they replace D Don jr toward the end because of money problems?

I'm sure you could search the web as well as I could and find the specific numbers, but every Magna track has been experiencing declining handle from the same meet the previous year. The SoCal horsemen were particularly angry with Stronach's decisions. You can choose to believe it or not, but I'm not searching the web for you.

Try www.boycottmagna.com , plenty of info there :D

[cj]

Originally posted by socantra
[QUOTE]Originally posted by ceejay
Some of us can't "join" Expressbet if we want. They won't take an account from me or anyone in Oklahoma. Their loss.

The exclusion of Oklahoma accounts is due to a ruling by the Attorney General of Oklahoma several years ago that internet wagering in Oklahoma was illegal and that anyone accepting bets from Oklahoman's was in violation of state law. The AG's office sent letters to a number of the internet betting services at the time. It got me dropped from YouBet. I turned around and signed with BrisBet (AmericaTab). I don't know whether they didn't get the letter, or were just not sufficiently terrified by the Oklahoma AG.

socantra...

The same thing happened to me with TVG when I was in Oklahoma. I just couldn't bet all of the sudden, and a few days later, a check showed up in the mail. Bris had no problems accepting me as a customer, however.

[ceejay]

Originally posted by socantra
[QUOTE]Originally posted by ceejay
Some of us can't "join" Expressbet if we want. They won't take an account from me or anyone in Oklahoma. Their loss.

The exclusion of Oklahoma accounts is due to a ruling by the Attorney General of Oklahoma several years ago that internet wagering in Oklahoma was illegal and that anyone accepting bets from Oklahoman's was in violation of state law. The AG's office sent letters to a number of the internet betting services at the time. It got me dropped from YouBet. I turned around and signed with BrisBet (AmericaTab). I don't know whether they didn't get the letter, or were just not sufficiently terrified by the Oklahoma AG.

socantra...

I went from youbet to BRIS too. With the election results most of the opinion's basis is moot now anyway.

Youbet takes OK accounts again now, and has for several months.

[CryingForTheHorses]

Originally posted by cj
I'm sure you could search the web as well as I could and find the specific numbers, but every Magna track has been experiencing declining handle from the same meet the previous year. The SoCal horsemen were particularly angry with Stronach's decisions. You can choose to believe it or not, but I'm not searching the web for you.

Try www.boycottmagna.com , plenty of info there :D

Thanks CJ..Thats site is like walking down the road in Iraq!.