The people that run the track are very good business people. Corey Johnson, for example, understands all the various groups - stakeholders, constituents and the betting customer. Corey is a handicapper, horse owner, bettor and plays in contests. He has managed Lone Star, manages Kentucky Downs and now is one of the principals at Arizona Downs. C J (his son, who owns horses, bets and plays in contests) is also one of those in charge of Kentucky Downs and helped put it on the map.
My best guess (and I have NO inside information) is the first step is to run a meeting, perhaps two, three or more, and help the circuit, also establishing a brand name for Arizona Downs.
Then at some point they will attempt to establish Historical Horse Racing (HHR). If the pari-mutuel regulations in Arizona are similar to other states, they will be able to get HHR at Arizona Downs. Of course there will be court challenges, but in only a couple of states have those challenges succeeded. When legislators see the $$ flowing into the state treasury in pari-mutuel taxes and corporate taxes, they will get on board.
My belief is they're playing the long game just like they did at Kentucky Downs.
|