Congrats to Vic Stauffer for Last Call

[duncan04]

Originally Posted by thespaah

Just a minute. CDI started as a horse racing entity. The company owns one the most if not the most famous racing facilities in the world. Certainly CDI also owns the most valuable horse racing property( KY Derby)....Now why are they any different? Given the rich history Churchill Downs has with Thoroughbred racing, IMO CDI bears a great responsibility to the sport of horse racing. For CDI management to attempt to remake itself into a gaming company even if at the expense of horse racing is my opinion, wrong.

But just as any business, they want to make money. They know horseracing isn't going to do that as a standalone. Yeah there is a history but they know they need to change with the times.

[thespaah]

Originally Posted by duncan04

But just as any business, they want to make money. They know horseracing isn't going to do that as a standalone. Yeah there is a history but they know they need to change with the times.

Not sure I understand your argument here.

[duncan04]

Originally Posted by thespaah

Not sure I understand your argument here.

Not sure what is hard to understand. Horseracing isn't profitable anymore. So they want to venture into the casino game as well. They know what is profitable and its casino gaming these days.

[Stillriledup]

Originally Posted by thespaah

Just a minute. CDI started as a horse racing entity. The company owns one the most if not the most famous racing facilities in the world. Certainly CDI also owns the most valuable horse racing property( KY Derby)....Now why are they any different? Given the rich history Churchill Downs has with Thoroughbred racing, IMO CDI bears a great responsibility to the sport of horse racing. For CDI management to attempt to remake itself into a gaming company even if at the expense of horse racing is my opinion, wrong.

You Get it. If they weren't a horse racing company who was granted a gambling license on the backs of the industry, they never would have been able to be a 'gaming company' in the first place.

[thespaah]

Originally Posted by duncan04

Not sure what is hard to understand. Horseracing isn't profitable anymore. So they want to venture into the casino game as well. They know what is profitable and its casino gaming these days.

"Horseracing isn't profitable anymore."
Interesting observation....Would you care to elaborate?

[duncan04]

Originally Posted by thespaah

"Horseracing isn't profitable anymore."
Interesting observation....Would you care to elaborate?

As a business it doesn't appear it is. That is why you see racinos popping up everywhere.

[thespaah]

Originally Posted by duncan04

As a business it doesn't appear it is. That is why you see racinos popping up everywhere.

Your original statement appeared as though you were offering a conclusion.
Perhaps the sport overall isn't turning a profit. However there are several major racing associations that are in relatively good financial health despite the absence of casino money.