Stronach Group

[alydar]

Originally Posted by jefftune

Here at PID unable to bet Pimlico and other Stronach tracks..

A dispute is currently preventing Presque Isle Downs customers from waging on Saturday's Preakness Stakes, the casino's general manager and vice president Kevin O'Sullivan said in a statement to Erie News Now Friday.

This week, the Stronach Group, which owns Pimlico Race Course - the site the Preakness, withdrew wagering rights to all of its racetracks, as well as the racetracks it represents, according to O'Sullivan.

He said the issue results from Churchill Downs Inc.'s stance to not allow additional computer-assisted bettors represented by Elite Turf Club into its betting pools. Churchill Downs now owns Presque Isle Downs.

"We’re disappointed and frustrated by their unnecessary tactics, which were unreasonable and intentional last-minute demands in an attempt to leverage Saturday’s Preakness Stakes," said O'Sullivan.

What does the issue the CD has with Elite have to do with Stronach cutting off signals?

Aren't they separate disputes?

[jay68802]

Originally Posted by jefftune

This week, the Stronach Group, which owns Pimlico Race Course - the site the Preakness, withdrew wagering rights to all of its racetracks, as well as the racetracks it represents, according to O'Sullivan.

He said the issue results from Churchill Downs Inc.'s stance to not allow additional computer-assisted bettors represented by Elite Turf Club into its betting pools. Churchill Downs now owns Presque Isle Downs.

I wonder if this is the same Elite Turf Club that has taken the rainbow 6 at Santa Anita and Gulfstream Park at least 8 times. Has members that own and run horses at both tracks. And has had members indited for money laundering, bribery, and fixing races among other things? Nice Stonarch is going to bat for groups like this.

[Tom]

Stronach family NEEDS the little guys.....to step on.

[bob60566]

Intresting article from way back.

Platt and Rebate Shops Not Friends of Racing?

https://www.paulickreport.com/news/r...nds-of-racing/

[dilanesp]

Originally Posted by bob60566

Intresting article from way back.

Platt and Rebate Shops Not Friends of Racing?

https://www.paulickreport.com/news/r...nds-of-racing/

Rebate shops were inevitable in some form.

If the simulcast signal had not been underpriced, it might have taken the form of bookmaking instead. But the reality is that there is a gigantic amount of demand for discounted takeout horse race betting, and someone was going to figure out a way to supply that.

Honestly, in a certain sense, the entire edifice of simulcasting is "bad for racing". It creates a racing economy where you only need a few tracks open and slowly puts the rest of the people out of work. But again, the technology advances made all of these things inevitable.

[jay68802]

Originally Posted by dilanesp

Rebate shops were inevitable in some form.

If the simulcast signal had not been underpriced, it might have taken the form of bookmaking instead. But the reality is that there is a gigantic amount of demand for discounted takeout horse race betting, and someone was going to figure out a way to supply that.

Honestly, in a certain sense, the entire edifice of simulcasting is "bad for racing". It creates a racing economy where you only need a few tracks open and slowly puts the rest of the people out of work. But again, the technology advances made all of these things inevitable.

I think that the sport has taken advantage of the advances in technology in a completely backwards way. Saying that simulcasting is bad for the sport is not true, if it was done in another way. They have split the pie in so many different ways that their price has gone up for the majority of their customers, but they still can't time a race properly. Makes you wonder if you would replace the front office of the NFL or other sport with racing people, what would happen to that sport?

[dilanesp]

Originally Posted by jay68802

I think that the sport has taken advantage of the advances in technology in a completely backwards way. Saying that simulcasting is bad for the sport is not true, if it was done in another way. They have split the pie in so many different ways that their price has gone up for the majority of their customers, but they still can't time a race properly. Makes you wonder if you would replace the front office of the NFL or other sport with racing people, what would happen to that sport?

Simulcasting in any form shrinks the sport, because it concentrates handle on whatever small number of tracks are offering the most attractive races.

[bob60566]

But the reality is that there is a gigantic amount of demand for discounted takeout horse race betting, and someone was going to figure out a way to supply that.

Is it letting large betting pools into there market that is the concern?

[dilanesp]

Originally Posted by bob60566

But the reality is that there is a gigantic amount of demand for discounted takeout horse race betting, and someone was going to figure out a way to supply that.

Is it letting large betting pools into there market that is the concern?

There's another large market that will pay the higher takeout, and if everyone is charged the lower takeout, there are fears of lower revenue (and too many contracts that might need to be rewritten).

So they want to price discriminate, just like airlines charge different fares to different people.

[Fager Fan]

Originally Posted by Tom

I tried to watch the Derby replay in TFUS PPs today - notice that host track will not allow it.

What is it with supposedly smart people () in denying customers access to their product????

The greed and stupidity in this game is unrivaled.

Not really. DISH has had a 6-month contract dispute with HBO so no HBO for Dish customers.

Without all the details, it's impossible to know which side of the dispute is supposedly being "greedy." It's possible neither one is, but instead they're doing what they think best for their business.

[AskinHaskin]

Originally Posted by jay68802

I think that the sport has taken advantage of the advances in technology in a completely backwards way. Saying that simulcasting is bad for the sport is not true, if it was done in another way.

LOL - horse racing has done no such thing as taking advantage of the advances in technology at all.

The morons running racing venues all around North America have left their entire edge sitting idle on the shelf as they are or will be completely overrun by nearly every other form of gambling/gaming out there.


And that, in summation, is the entirety of the problem that matters most in racing. It is the sun where minuscule concerns like past-posting, drugs in racing, short fields, inconsistent stewards, and horse deaths are relative sun spots not even worth time and attention by an industry which just leaves its considerable edge completely dormant day after day after year after decade.


(maybe they'll solve their own stupidity by banning Lasix and slowing the course to a crawl)