Quote:
Originally Posted by BarchCapper
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How's that fewer and fewer tracks working out for dog racing?
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Dog racing had problems that horse racing is trying to avoid as we speak.
I'd way rather the industry be booming, handle growth be outpacing inflation, old tracks investing in infrastructure, new modern tracks opening, breeding numbers rising, new owners chasing after bigger purses, enough free cash to do all that and lower the take etc..
The problem is no one has been able to figure out a way to increase demand across the industry while simultaneously paying the bills. The best they've been able to do is keep the doors open by taking casino money.
At some point math wins.
The revenue has to keep up with inflation because the costs certainly will.
If you can't find a way to increase revenue you have to find a way to take costs out of the system and consolidate revenue. That at least gives you the free cash to invest and try to turn this vicious cycle into a virtuous one.
If someone has a better idea, I'm all for it. The solutions are over my pay grade. I've just seen this story play out in dozens of industries over the last 35-40 years from watching the action on Wall St. Rapid consolidation is very painful, but it beats a slow death.
Again, I'm all ears. I'm just an observer that doesn't want to see the game die because the leadership refuses to accept math and doesn't have a better idea.
