|
for any type of gambling business the worst thing that can happen is contraction. once one place closes it leads to less and less interest.
for the many reasons stated here this game is at a very low point. all you have to do is look at Parx and you will see what this game is all about now.
but i witnessed the casino business in Nevada at a worse point of time back in the late 70's and 80's. those places were run by wise guys that used the junket system to get people into the dessert, cheat people out of their money and then send leg breakers over to those suckers homes to collect the money. the joints up and down the vegas strip were all going bankrupt. somehow they managed to keep the doors open in most of the places.
in comes some revolutionary new people that stepped up to the plate and revamped the whole business, they came up with the video machines and built massive resorts up and down the strip.
instead of cheating people out of their money, they operated on the square. they got rid of the junketeers, hookers in the hotel, and in comes family business stuffed with money spending it all over the resort hotels that popped up.
there are now about 5 times more rooms in that town than they had in 1970, and people pay top notch money to stay in them. the hotel operators don't have to cheat their customer's and they got lines of people waiting to check into the hotels.
the exact same thing will happen in horse racing once we get some bold new faces willing to step up to the plate and take some swings.
|
