Quote:
Originally Posted by cj
Horse racing is siphoning millions and millions of dollars from casinos. Surely a few of the dollars should be used to upgrade things like the tote and the timing system IMO.
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I think we can all agree that a tote upgrade is needed, but this might be something that the industry itself would have to own and figure out a way to fund. Sure, racing organizations that own tote companies, like Stronach with AmTote and Churchill with United could in theory fund with the subsidies they receive, but all of the companies would have to follow suit to see the benefit (same ITSP, ect). With it being fractured like it is and the margins they operate on, I don't see it happening unless something drastic is done. It is like anything else in the industry, would the investment provide incremental revenue justifying the expenditure OR stop handle degradation.
If they believed that an upgrade tote system would increase substantially increase handle, it likely would have been done already.
