Quote:
Originally Posted by onefast99
As of yesterday a new push to have sports wagering a reality at MP is underway.
The GAME act as it is called has a clause in it as follows "The key phrase is in Section 2(a), stating that people or entities are “not subject to civil or criminal liability under any provision of Federal law for engaging through a gaming facility in gaming activity that is lawful under the law of the State.”
This is the reason Drazin didnt just start taking bets at MP. But with the help of Frank Pallone there is light at the end of the tunnel. As now many are saying it isnt "if" it is going to happen it is now when!
Hopefully the powers that be can make this happen at MP.
|
I don't get why this is "hopefully" it seems like a hail mary. Basically the horsemen are down to using a legal strategy never successfully pulled off. The sounds more desperate than hopeful.
And even if they hit the lottery and it works its sports wagering. Any casino exe can tell its pennies. It's high risk and low profit. Casinos operate sports book to get people to spend money elsewhere. Sports wagering as a free standing business is tough go. You need massive volume. You essentially need other games of chance to mitigate the risk. A bad Super Bowl can crush you.
And then there's this...
http://www.philly.com/philly/busines...3db4ee19d.html
Basically Gural conceded he doesn't have near term support for a casino so he's going to wait. The problem is without him Monmouth is screwed. He's in the middle of a state owned sports center with a profitable track and a more or less flat handle. Monmouth has lost 50% of it's handle in 36 months.
I honestly don't mean to single you out and you seem like a nice guy and I get you support Monmouth and run there. But every thread on Monmouth involves you with some winning Golden Ticket idea from Willy Wonka.
But what's odder is you blow past the current reality. Gural essentially broke rank with Monmouth and Drazin. They can't wait six years. He knows this. They know it. But he doesn't care. The best thing Monmouth had in its corner was Gural. He has the cash and respect as a guy who operates multiple racinos.
Also he has an out in his lease. The only leverage anyone on the pro-Casino side is him. He can threatened to walk away form a lease on a building the state spent $100 million building. There's real harness racing jobs in the state at Showplace and Gateway and other farms that go away with no harness racing in NJ. Its not a ton of leverage but he has some. The Monmouth horseman have zero.
Now on top of everything he moved to the opposition side.
