Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board


View Single Post
Old 10-29-2015, 09:10 PM   #3
EMD4ME
NoPoints4ME
 
EMD4ME's Avatar
 
Join Date: Sep 2013
Posts: 9,854
Quote:
Originally Posted by Shemp Howard
Looks like the Pa Horseman are folding like a cheap camera. And to think they gave cash and votes to Wolf.

Ha ha ha........you only live once.






State lawmakers and Pennsylvania's horseracing industry met again Thursday but failed to reach a deal to keep tracks running statewide, leaving one day before Gov. Wolf said he'll be forced to tracks shut down.

Representatives for both sides will reconvene Friday at noon, said Salvatore M. DeBunda, president of the Pennsylvania Thoroughbred Horsemen's Association, which represents trainers and owners at Parx Casino in Bensalem.

In an email, DeBunda confirmed there was "no definitive resolution" but declined to elaborate.


Wolf said last week that the state can no longer afford to continuously bail out the increasingly insolvent state racing fund, which pays for licensing, safety measures and drug testing of horses.

For decades, those administrative costs, which total about $20 million, were covered by revenue from horse betting. But as wagers declined, along with horse racing's popularity, the fund fell short, often forcing the state transfer money from somewhere else in the budget. This year the shortfall is about $10 million, officials said.

Harrisburg's ongoing budget stalemate forced the issue into the open last week because the state lacked money to transfer into the deflated racing fund, the administration said.

The governor's spokesman, Jeff Sheridan, said the industry had to face the "hard truths" and pushed for agreement on a measure sponsored by Sen. Elder Vogel (R., Beaver), which would include the industry bearing $9 million in drug testing costs.
Watch, the horsemen will talk the well intentioned politicians into increasing the takeout to 53% on 3/4/5 horse bets and 35% on 1-2 horse bets to cover the shortfall
EMD4ME is offline   Reply With Quote Reply
 
» Advertisement
» Current Polls
Wh deserves to be the favorite? (last 4 figures)
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 11:29 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright 1999 - 2023 -- PaceAdvantage.Com -- All Rights Reserved
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.