DRF Crist:Long battle looming on ADW

[trigger]

Crossed signals won't untangle easily
By STEVEN CRIST

NEW YORK - The dispute that erupted this week between TrackNet Media and YouBet may have the ring of one of those familiar dust-ups that always seems to happen a week or so before the Kentucky Derby, when the cudgel of access to betting on the nation's most famous race is wielded to get someone to pay a higher price for a simulcast signal. The game of chicken usually goes on until about a day or two before the big race, when a compromise is struck just in time to start betting the big race.

This time, though, the issue is a lot bigger. The entire future of account wagering is on the line. Two of the nation's biggest racetrack companies, Churchill Downs and Magna, have joined forces under the TrackNet banner to retake control of account wagering from the various third-party operators the industry has allowed to flourish over the last decade. It is going to be a long and ugly fight, during which the racing consumer, as usual, will suffer.


http://www.drf.com/drfNewsArticle.do?NID=84393&subs=0&arc=0

[Greyfox]

If you were on the committee to award the NYRA franchise,
what message would you be getting from Churchill and Magna right now?
Looks to me that they are sending a message to New York.
("My way or the highway.")

[skate]

Crossed signals won't untangle easily
By STEVEN CRIST

2008. It took the industry a decade to turn account wagering into a dysfunctional, combative mess and it could take nearly as long to straighten it out.


trigger;

could you post a few reasons for 'the industry being dysfunctional' ? that is, not the cause for dysfunction, but what is the dysfunction.?

i get the error sign on the article.

thanks

[trigger]

trigger;

could you post a few reasons for 'the industry being dysfunctional' ? that is, not the cause for dysfunction, but what is the dysfunction.?

i get the error sign on the article.

thanks
Skate, What is posted on my message is the entire article by Crist(DRF). (I posted the whole article because many can't access the DRF articles without registering)
I can't speak for the author but I would guess that "the industry being dysfunctional " means that: Dysfunction # 1: The racing industry made a huge mistake ceding both broadcasting and ADW to third parties a decade or so. AND, Dysfunction #2: The racing industry via Tracknet is now trying to correct its prior mistake with the very damaging side effect of inconveniencing many internet horse players and worrying others in the racing industry of their true intentions.
My own opinion is that this fight is more than about the future of account wagering (as Crist states). I think this battle was inevitable and if TrackNet doesn't win via its attempt to correct the supply chain (i.e. eliminate the unneeded middle men) and free up the middlemen money for the tracks and horsemen then racing as we know it will wither and eventually disappear.
To me,though, the major dysfunction of the racing industry is that trying to get them to together on anything is like herding cats....so who knows what will happen.

[Southieboy]

A group of horsemen's associations on Wednesday joined together in asking that Churchill Downs make the signal for Saturday's Kentucky Derby available to all account-wagering platforms.

http://www.drf.com/news/article/84547.html

[PaceAdvantage]

As a single share of MAGNA stock approaches the price of admission at many racetracks, their policy decisions must be called into question at this point:

[cj]

That is ugly. Is now the time to buy? Really, you would have VERY little to lose.

[trigger]

NYRA has to cut off Connecticut bettors
http://news.bloodhorse.com//viewstory.asp?id=38744

[garyoz]

That is ugly. Is now the time to buy? Really, you would have VERY little to lose.

You will probably lose whatever you invest. Investors forget equity shares are declared void and worthless in a chapter 11 reorganization. A higher probability of zero than of $5. Another negative expectation game.

[jma]

You will probably lose whatever you invest. Investors forget equity shares are declared void and worthless in a chapter 11 reorganization. A higher probability of zero than of $5. Another negative expectation game.

Considering Magna is somehow even screwing up SLOT MACHINES, bringing in only $94 per machine (less than half of other Florida locations and miniscule compared to other states with slots), the future is not looking good for that stock...

Added---here's the link to the revenue numbers: http://www.state.fl.us/dbpr/pmw/statistics/slot_revenues.pdf

[linrom1]

That is ugly. Is now the time to buy? Really, you would have VERY little to lose.

Only 100% of your investment. What's is the upside--there isn't one. All the lines of business that Magna is engaged in have peaked including commercial real estate and casino based gambling.

[skate]

That is ugly. Is now the time to buy? Really, you would have VERY little to lose.

ok, but it depends on how much you bet.

[skate]

Trigger;

thanks.

but im back, it should be obvious to me, who are some of the 'middle men'.?


Bris, ? maybe?
philly pk ? probably not?
ameritab ?



to me 'tom' looks like a middle man;)

just guessing here
thanks