Paramutual security Reforms, Rudy Guliani.

[Suff]

http://news.bloodhorse.com/viewstory.asp?id=17334

[WINMANWIN]

It's nice to be RUDY G, and own your own consulting firm. I got
a good laugh, when the guy HESS said the computer systems are antiquated. NO FOOLING SHERLOCK.... I guess the industry had to save face and hire his company, but in the 9 mths, that they
rigorously looked over the betting industry, I bet, we could have told the N.T.R.A. the same findings in 30 minutes. I realize they
investigated more betting fraud, similar to the fix sixsters, but
THE MONEY THEY PAID RUDY, AND HIS ASSISTANTS, SUPPOSEDLY
MILLIONS, they could have instituted the policies themselves,
and spent the money on a uniformed drug policy.B.T.W Rudy,
and his partners, are all X N.Y.C officials that worked with him, when he was the MAYOR. :rolleyes:

[andicap]

My understanding from sources is that hiring Rudy was a total PR, face-saving move to restore confidence. Nothing more.

[BillW]

Andi,

Unfortunately that's what the customers demand ... perception of a clean operation. Witness the postings here that indicate it's important that the tote stop clicking before the horses go off, which has no coorelation to illegal activity going on in the pools. On the other side of the coin, the industry doesn't loose any money through insecurity (money already allocated to be paid out just gets redirected), only the perception thereof. So they are spending their money to directly address the issue facing them.

Bill

[WINMANWIN]

Originally posted by andicap
My understanding from sources is that hiring Rudy was a total PR, face-saving move to restore confidence. Nothing more.

I agree. Thats my point, for the millions they spent on Rudy G's
consulting company, They could have formed there own
committee, and came up with the same policies. To be honest,
How many regular horseplayers gave a crap, that Mr. Former
Mob buster's consulting company was doing an investigation
on the betting industry. If the N.T.R.A. stated they were gonna form there own commission and recommend policies after the 6 scandal, Most, if not all players would have accepted that. I dont
agree with the ntra wasting millions to get the same answers they KNEW, 8 mths Ago. Public perception in t-bred racing, was
bad then, and is probably at the same level now.Rudy g's
analysis of the industry, was a no brainer. He wants to set-up
a commission like the securities exchange commission, Not a bad idea but, Why Spend Millions paying his firm for that idea and some others, WHEN the N.T.R.A is currently requesting e-mails ON how to improve the game, They should have started that mth's ago, We the players have idea's.
We could have SENT out e-mails in 1 day,and came up with the same strategies his group did. After all they're common sense protocols they're recommending. To those of you that are not aware, Just before Rudy G's mayoral term was over, He agreed to sell the N.Y.C. OTB's to Frank Stronach's comapany Magna. When the new mayor was elected, BLOOMBERG,The current NYRA C.E.O Barry Schwartz had his ear, and bloomy said NO SALE. When Rudy's done with his recommendation's and he makes his fancy speech in 2 weeks, The n.t.r.a must implement the plan, That Costs Cashola, and Rudy is out of the picture. Wasted money. The N.T.R.A panicked, and spent money foolishly, On some politician, that was friendly with Mr. Stronach :eek:

[VetScratch]

Hess was vague about the details for the creation of what he called the National Office of Wagering Security
Good move... let's centralize perception management and make sure local pockets of honesty don't embarrass the industry.

Hess said the entity could devise a high-technology system to watch over the pari-mutuel side of the business, similar to a system in place at the New York Stock Exchange that can spot irregular patterns of stock buying and selling.Illegal wagering is somewhat different than "irregular" patterns of buying and selling in markets that are not designed to reward lemmings.

[DJofSD]

Having been employeed in the IT industry for many years, two truths stand out: change is constant, and, management and end users will resist change even if it benefits them.

The old farts that run the key segments of the racing industry will have to be dragged kicking and screaming into the 1980's (alright, the 1990's) before there will be any improvements that will prevent what happened last November.

How much do you want to wager it will take another betting scandel before the industry executives find the money to make the necessary changes?

DJofSD

[VetScratch]

DJofSD.

How right you are. The stuff Hess alluded to about the securities exchanges is pure nonsense. The very powers who occupy the positions with the greatest potential for abuse, the NASDAQ market makers and the NYSE market specialists, have been the obstructionist lobby against effective SEC monitoring and creation of the automated perfect market model (IAW pure Keynesian and capitalist doctrines). Why should powerful figures step aside in racing, an industry that is hardly scrutinized?