Quote:
Originally Posted by classhandicapper
I absolutely agree that the boatload of extra handle was because of fewer betting options. That's the whole point of a contraction in any business suffering from overcapacity and losses. You are removing a lot of the costs and dividing the same (or similar) revenue among the remainder.
It doesn't come without downsides. In any contraction there are going to be layoffs that hurt a lot of people. Some people may not be able to attend live racing.
It's not an easy decision. The state politics, while over my head, are probably a nightmare from hell. That's why it's taking so long. But it seems inevitable to me.
|
How can racing expect to broaden their base with fewer and fewer opportunities for exposure? I get that some businesses try to expand too fast and are eventually forced into a contraction period. Racing has been in a long contraction phase and I doubt that more contraction is the cure.
