trying2win
07-03-2009, 02:49 AM
I thought this was an interesting article about racinos introducing table games and sports betting:
http://www.bloodhorse.com/horse-racing/articles/51490/life-after-slots-its-sobering--at-best?id=51490&source=rss
It looks like Pennsylvania horsemen are apprehensive about some aspects of the possible introduction of table games, and how it might affect revenue for them from slot machines. So, it appears they are looking for some guarantees.
How about this line in the article?..."But declining handle despite an improved product is a red flag, one easily spotted by others looking for money." All I can say to that is ..."Well duh! I'm guessing more and more horseplayers are becoming aware of Pennsylvania tracks outrageous track takeouts on some gimmicks of 30 % or higher. Not only that, but after that schemozzle at PENN NATIONAL just awhile ago re the cancelled race and subsequent refunds, apparently ticked off a bunch of bettors and they are probably boycotting that track with their wallets.
As per usual in the article, like most racetracks and horsemen groups and arguments about revenue sources, nothing is mentioned about giving some of these new potential revenue sources to horseplayers in some way. Nope! The same old 'me, myself and I' attitude of racetracks and horsemen. And they wonder why there is declining partimutuel handle at their Pennsylvania tracks. Wake up Pennsylvania tracks! Look after your customer wants and needs first, and then you increase the odds in your favor of increased revenues. Or, am I missing something?
T2W
http://www.bloodhorse.com/horse-racing/articles/51490/life-after-slots-its-sobering--at-best?id=51490&source=rss
It looks like Pennsylvania horsemen are apprehensive about some aspects of the possible introduction of table games, and how it might affect revenue for them from slot machines. So, it appears they are looking for some guarantees.
How about this line in the article?..."But declining handle despite an improved product is a red flag, one easily spotted by others looking for money." All I can say to that is ..."Well duh! I'm guessing more and more horseplayers are becoming aware of Pennsylvania tracks outrageous track takeouts on some gimmicks of 30 % or higher. Not only that, but after that schemozzle at PENN NATIONAL just awhile ago re the cancelled race and subsequent refunds, apparently ticked off a bunch of bettors and they are probably boycotting that track with their wallets.
As per usual in the article, like most racetracks and horsemen groups and arguments about revenue sources, nothing is mentioned about giving some of these new potential revenue sources to horseplayers in some way. Nope! The same old 'me, myself and I' attitude of racetracks and horsemen. And they wonder why there is declining partimutuel handle at their Pennsylvania tracks. Wake up Pennsylvania tracks! Look after your customer wants and needs first, and then you increase the odds in your favor of increased revenues. Or, am I missing something?
T2W