Mountaineer is unplayable

[Saratoga_Mike]

Originally Posted by mountainman

Deal kicks in next year. Much uncertainty in the ranks here. Reading each player's intent not so easy. Looks complicated beyond my meager grasp of such affairs.

CNTY is a collection of subscale casinos located in a number of countries. Last year, CNTY did approximately $23 mm in EBITDA (proxy for cash flow), whereas ERI generated over $500 mm in 2018 EBITDA. I'd peg MNR's 2019 EBITDA around $12 mm to $15 mm. So post-close (includes two other casinos), Mountaineer will be more of needle mover for the CNTY vs. under the ownership of ERI.

[paddy79]

Originally Posted by Peter Berry

I blocked you for an accumulation of negativity toward Mountaineer. I don't remember any harness horse comment but I highly doubt it was "polite." More likely, it was the straw that broke the camel's back. If you don't like Mountaineer, don't play it.

I can't help but read your posts in your commentator voice. Lol. Nice work, my favourite commentator. "shes gone off like a scalded cat" cracked me up last night

[clicknow]

Originally Posted by mountainman

I was also dressed down once for employing the code word "Iditarod" to characterize exceptionally bad fields.

Died laughing at this one. You are a gem.

[Teentrifecta]

http://www.thoroughbreddailynews.com...rk-to-be-sold/

Century Downs in Calgary was originally going to be the be all and end all of racetracks in western Canada when it was designed in roughly 2012-13 but was scaled back when the oil sands (think North Dakota Bakken of Canada) crashed a few years back. What is left is a casino way out in sticks with a 5/8 parking lot for a track. It really is a sorry excuse for a racetrack both stock quality and layout wise, but again I think allot of that had to do with economic conditions vs Centuries view towards racing.

But.........

Century Mile (https://www.cnty.com/centurymile/) about 3 hours up the road adjacent to Edmonton International Airport is great, a mile long and you can really tell is geared around the racing product (they brought in Michael Wrona to announce on Saturdays) and I think I heard they already raised purses this season.

If I were involved in the horse racing side of things at Mountaineer I would feel relieved we were getting bought out by a company that genuinely tries to push racing product vs say a major racing conglomerate that only cares about casino's bottom line outside of one race each May......

[mountainman]

Originally Posted by Saratoga_Mike

CNTY is a collection of subscale casinos located in a number of countries. Last year, CNTY did approximately $23 mm in EBITDA (proxy for cash flow), whereas ERI generated over $500 mm in 2018 EBITDA. I'd peg MNR's 2019 EBITDA around $12 mm to $15 mm. So post-close (includes two other casinos), Mountaineer will be more of needle mover for the CNTY vs. under the ownership of ERI.

A Mnr fan who has become an increasingly close friend of mine is recently retired from a key role as a financial adviser to the space program. This guy has made a fortune investing in land and told me that given how this deal is structured, it's virtually impossible that the intention is anything but to continue in the gambling industry.

[Saratoga_Mike]

Originally Posted by mountainman

A Mnr fan who has become an increasingly close friend of mine is recently retired from a key role as a financial adviser to the space program. This guy has made a fortune investing in land and told me that given how this deal is structured, it's virtually impossible that the intention is anything but to continue in the gambling industry.

Well that is CNTY's biz - your friend is referring to the sale/leaseback aspect of the deal with VICI.

[mountainman]

Originally Posted by Saratoga_Mike

Well that is CNTY's biz - your friend is referring to the sale/leaseback aspect of the deal with VICI.

He said also that the buyers are extremely sharp and have gone about this in a way that hugely indemnifies them from taxes.

[MONEY]

I think that Mountaineer has an All You Can Eat buffet in the jockey's room.
There are at least a dozen weight changes today, all of them adding weight.
Some as much as 5 pounds.

[cj]

Originally Posted by MONEY

I think that Mountaineer has an All You Can Eat buffet in the jockey's room.
There are at least a dozen weight changes today, all of them adding weight.
Some as much as 5 pounds.

To be fair I don't think any weight changes ever deduct weight.

[dcowboy7]

I like the $2.20 SHOW payouts.

When theres a big fav put down $200 make a quick $20.

Sometimes they have like $150k in the SHOW pool.

[Jeff P]

So there I was -- watching the horses in the paddock for R5 tonight while listening to Mark and Nancy...

I think I saw Faith Schorr get a leg up on the #1 horse and begin making her way towards the track for the post parade...

But the riders of the #2, #3, and #4 refused to take their mounts.

This resulted in the connections of those horses starting to go nuts - gesturing towards the track and yelling at the riders.

The riders weren't having any of it though. They just stood there staring off into space with their arms folded across their chests.

Then after a 2 or 3 minute delay the entire field left the paddock and there was a post parade.

What was that?



-jp

.

[Afleet]

what is real reason they cancelled today?

[AlbertButtry]

There was an active shooter situation in the area

[rexjred]

suspect shit going on tonight at mountaineer race 2 and 3. starting to think Mountaineer is only good for the show bets/ bridge jumps

[jay68802]

Originally Posted by rexjred

suspect shit going on tonight at mountaineer race 2 and 3. starting to think Mountaineer is only good for the show bets/ bridge jumps

Like what? The turf favoring speed?