If You Don't Think WEG Is Vulnerable, Think Again

[Cangamble]

Woodbine Race 9 on Friday (post time 5:07) 40,000 NW2 $44,000 purse
9 horse race

WPS pool 84k
Exactor pool 42k
Triactor pool 48k
Superfecta pool 23k

Fort Erie yesterday (Monday) post time 5:11 5,000 maiden claimer $9,000 purse
12 horse race

WPS pool 68k
Exactor pool 56k
Triactor pool 58k
Superfecta pool 26k

Yes, I know there is more competition on Friday at 5 EST than Monday. But this goes to show that without slots and a great location for slots, the WEG Execs would be selling pencils in front of City Hall.

[DanG]

But this goes to show that without slots and a great location for slots, the WEG Execs would be selling pencils in front of City Hall.
And not very sharp pencils at that! :eek:

[icemantbi]

I've been to Woodbine a couple of times, and I can assure you at least half of those that go only go for the slots. The Slot area is completely packed even while racing is taking place. They have a decent size slot area and I went through once and couldn't find an empty seat.

Another interesting thing to note about Woodbine is that it is located in Rexdale, right next to Woodbridge, the Mafia capital of Ontario. Gives you something to think about.

[Maji]

But this goes to show that without slots and a great location for slots, the WEG Execs would be selling pencils in front of City Hall.

They will be able to make sales only if there were no other pencil sellers in the country... :lol: :lol: :lol:

[betovernetcapper]

If I can piggy back on this thread a little, there is a notion that big tracks like Wo are more playable than places like FE. The top projected Cramer rating at Wo has been winning at a respectable 25%, but at FE it's been kicking ass at a 35% clip. FE is at least as predictable plus you can get a rebate.

[Edward DeVere]

I've been to Woodbine a couple of times, and I can assure you at least half of those that go only go for the slots. The Slot area is completely packed even while racing is taking place. They have a decent size slot area and I went through once and couldn't find an empty seat.


In other words, it's exactly like every other racino in North America.

(Well, except for Gulfstream. . . .)

[stuball]

Woodbine Race 9 on Friday (post time 5:07) 40,000 NW2 $44,000 purse
9 horse race

WPS pool 84k
Exactor pool 42k
Triactor pool 48k
Superfecta pool 23k

Fort Erie yesterday (Monday) post time 5:11 5,000 maiden claimer $9,000 purse
12 horse race

WPS pool 68k
Exactor pool 56k
Triactor pool 58k
Superfecta pool 26k

Yes, I know there is more competition on Friday at 5 EST than Monday. But this goes to show that without slots and a great location for slots, the WEG Execs would be selling pencils in front of City Hall.


This could make some executives downright ornery....(Hey let's figure out a way to screw the regular customers we do have... oh we lost those you say
when did this happen....) no clue :mad:

Stuball

[Cangamble]

This could make some executives downright ornery....(Hey let's figure out a way to screw the regular customers we do have... oh we lost those you say
when did this happen....) no clue :mad:

Stuball

It shows that Woodbine execs are getting paid for doing nothing.

[46zilzal]

I don't think too many people realize one thing: Ontario law states that casinos can ONLY legally exist on the grounds of an established wagering site. i.e race tracks. Unlike other areas where a casino can open down the street and steal their thunder, in Ontario casinos HAVE to be on the grounds of race tracks.

[bigmack]

in Ontario casinos HAVE to be on the grounds of race tracks.
Are you familiar with Casino Rama, Casino Niagra, Great Blue Heron Casino, Fallsview, Casino Windsor & several others?

[Cangamble]

Are you familiar with Casino Rama, Casino Niagra, Great Blue Heron Casino, Fallsview, Casino Windsor & several others?
Windsor has a racetrack, but you are right about the others.
Most of Niagara Falls doesn't even know a racetrack exists in Fort Erie.

[icemantbi]

I don't think too many people realize one thing: Ontario law states that casinos can ONLY legally exist on the grounds of an established wagering site. i.e race tracks. Unlike other areas where a casino can open down the street and steal their thunder, in Ontario casinos HAVE to be on the grounds of race tracks.

Not exactly. In Ontario, only the Government can legally operate a casino, but it doesn't have to be on the grounds of race tracks. Heck, they built one in my town a few years ago, no where near a race track where I live (Sudbury Downs is the closest, 3 hours away. Unless Saginaw is still in operation) Then there are those casinos on indian reserves, like CasinoRama, where the government can't do squat to stop them opening.

But I agree that the government tightly regulates gambling/wagering. Which is completely dumb and ant-competitive that only they can operate casinos, and heavily regulate racetracks.