Say what you will about TSG/Monarch, but the more I see of this new law, the more I think they're in the right.
Quote:
|
Potentially more significant, it gives the Arizona Racing Commission the authority to review any contracts to determine whether the fees are “excessive or unreasonable” by comparing it to what is charged to others and determining whether the practices are “anti-competitive or deceptive.”
|
So not only is the state mandating that a private company has to do business with all racing licensees in the state, but they can also veto those contracts if they find the terms "unreasonable", and no one knows what "unreasonable" means. Yeesh, talk about government overreach.
I feel for AZD but if Monarch doesn't want to come to the table, then tough shit. Find another way to get people in the doors, or close them. Sooner or later this industry needs retraction, and it needs the free market to help get us there. Having state governments circumvent that may help a few in the short term, but hurts everyone in the long run.
