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07-12-2010, 03:18 PM
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#1
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Veteran
Join Date: Aug 2007
Location: Las Vegas, NV
Posts: 1,188
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NYRA Could be Insolvent by 2011
NYRA keep up the good work. Only time will tell if this is the end for this group of geniuses.
http://www.bloodhorse.com/horse-raci...011?source=rss
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David-LV
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07-12-2010, 03:24 PM
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#2
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,957
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Hardly NYRA's fault - the state and OTB are the real culprits here.
All NYRA does is put on the best product in the country.
__________________
Who does the Racing Form Detective like in this one?
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07-12-2010, 03:37 PM
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#3
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Registered User
Join Date: May 2007
Posts: 752
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Quote:
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Originally Posted by David-LV
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You're right, what idiots they are. How could they possibly have the effrontery to believe that the state government would make good on a 9 yr old promise?
Did you even read the article and are you familiar with some of Mr. DiNapoli's findings? They're really something special, google him. Then please post another thread about Monmouth's handle. Bob Kulina just called and said you and The Knight Sky are slacking off today with no new threads posted.
NT
Last edited by NTamm1215; 07-12-2010 at 03:38 PM.
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07-12-2010, 03:44 PM
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#4
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Veteran
Join Date: Aug 2007
Location: Las Vegas, NV
Posts: 1,188
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Quote:
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Originally Posted by Tom
Hardly NYRA's fault - the state and OTB are the real culprits here.
All NYRA does is put on the best product in the country.
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It use to be the best product, but not anymore.
There use to be a song called 'Where Have All The Flowers Gone'?
I think we can sadly change the name of that song to 'Where Have All The Horses Gone'?
NYRA racing is on life support and right now needs a whole new objective management team that can come up with new ideas and not the same old give me my pay check and blame the other guy game.
I hope they figure it out because it sure was great racing for a very, very, long time.
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David-LV
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07-12-2010, 03:46 PM
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#5
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Veteran
Join Date: Aug 2007
Location: Las Vegas, NV
Posts: 1,188
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Quote:
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Originally Posted by NTamm1215
You're right, what idiots they are. How could they possibly have the effrontery to believe that the state government would make good on a 9 yr old promise?
Did you even read the article and are you familiar with some of Mr. DiNapoli's findings? They're really something special, google him. Then please post another thread about Monmouth's handle. Bob Kulina just called and said you and The Knight Sky are slacking off today with no new threads posted.
NT
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Typical New York lover even when there is nothing but more proof every day that goes by that NYRA is not what they advertise.
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David-LV
MONMOUTH='A SCORE AT THE SHORE.'
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David-LV
Last edited by David-LV; 07-12-2010 at 03:49 PM.
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07-12-2010, 03:47 PM
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#6
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Veteran
Join Date: Sep 2007
Posts: 9,047
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Quote:
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Originally Posted by David-LV
Typical New Yorker.
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David-LV
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Wrong as usual.
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07-12-2010, 03:51 PM
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#7
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Veteran
Join Date: Aug 2007
Location: Las Vegas, NV
Posts: 1,188
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Quote:
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Originally Posted by Dahoss9698
Wrong as usual.
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Sorry, corrected.
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David-LV
MONMOUTH='A SCORE AT THE SHORE.'
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07-12-2010, 03:52 PM
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#8
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Registered User
Join Date: May 2007
Posts: 752
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Quote:
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Originally Posted by David-LV
Typical New York lover even when there is nothing but more proof every day that goes by that NYRA is not what they advertise.
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David-LV
MONMOUTH='A SCORE AT THE SHORE.'
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David-LV
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What exactly does NYRA purport to be?
NT
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07-12-2010, 04:03 PM
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#9
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Veteran
Join Date: Sep 2007
Posts: 9,047
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Quote:
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Originally Posted by David-LV
Sorry, corrected.
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David-LV
MONMOUTH='A SCORE AT THE SHORE.'
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Would it be fair to say you are nitpicking? Because when someone in another thread mentioned Monmouth was having problems delivering on what they advertised you questioned them about why they were nitpicking. NYRA isn't advertising anything, but you seem to think they are and are upset they aren't living up to it.
Hypocrisy at it's finest.
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07-12-2010, 04:08 PM
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#10
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Veteran
Join Date: Aug 2007
Location: Las Vegas, NV
Posts: 1,188
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Quote:
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Originally Posted by Dahoss9698
Hypocrisy at it's finest.
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Spoken by the king of hypocrisy. 
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David-LV
MONMOUTH='A SCORE AT THE SHORE.'
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07-12-2010, 04:12 PM
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#11
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intus habes, quem poscis
Join Date: Jan 2004
Location: Brooklyn NY
Posts: 9,776
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Quote:
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Originally Posted by David-LV
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Your agenda is crystal clear for all to see. If you read the article, it is acknowledged that they have spent around 27 million over budget in the last 2 years and are owed by the very state that is conducting the probe about 50 million (probably closer to 60 by years end as NYCOTB is shorting them 2 million a month). That means were they being paid AS PROMISED they would be 23 million in the good over the last 2 years. Sounds like they are doing a pretty good job in that respect. But then again, they did create AIDS and foist it on an unsuspecting world....
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07-12-2010, 04:21 PM
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#12
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Veteran
Join Date: Aug 2007
Location: Las Vegas, NV
Posts: 1,188
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Quote:
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Originally Posted by OTM Al
Your agenda is crystal clear for all to see
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Just the facts the way I read them, Just the facts as Joe Friday use to say.
Being from Brooklyn myself, I also know that everything that happens in New York is far better then anywhere else.
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David-LV
Last edited by David-LV; 07-12-2010 at 04:25 PM.
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07-12-2010, 04:25 PM
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#13
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,740
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Quote:
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Originally Posted by David-LV
Just the facts the way I read them,
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Joe Friday would never include that qualifier.
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07-12-2010, 04:35 PM
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#14
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Veteran
Join Date: Aug 2007
Location: Las Vegas, NV
Posts: 1,188
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Quote:
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Originally Posted by PaceAdvantage
Joe Friday would never include that qualifier.
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The reason I brought Joe Friday into this was that I have been watching Season 1 of Dragnet today.
You are right PA his famous statement was "Just the facts, ma'am.'
He would have never used that qualifier.
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David-LV
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07-12-2010, 04:38 PM
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#15
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Registered User
Join Date: Feb 2003
Location: Woodbridge, NJ
Posts: 749
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Looks like the folks in charge in NY State have once again shot themselves in the foot by imposing conditions to win the AQU Racino bid that are so profoundly unattractive that every single US based gaming company worth its salt that was ever interested in this project, has walked away without looking back. Penn especially was hugely interested and very upset over losing out to Aqueduct Entertainment group in the prior round of "bidding".
Now they're gone, and this time you don't hear them whining about it.
That there is only one company left standing in this "process", a foreign one at that, with little US gaming experience, is utterly laughable....and the joke is on all the NY State parties involved, from the "crack team of simon pure experts of objectivity" at the NY Lottery Commission, to whatever committee came up with the $300,000,000 up front payment condition - NON-REFUNDABLE if a deal doesn't get done after said payment is made.
I'm quite sure that Steve (Racinos aren't really my thing but this IS New York) Wynn would rather poke another hole in that painting of his that he accidentally poked a few years ago, rather than put himself in the position of forfeiting $300,000,000 just because he and the unpredictable NY parties that be couldn't agree a deal....and how many deals like this has Steve successfully done in his career...can we even count 'em?
I would love to hear some of the water cooler banter between the top Vegas honchos over how this Racino bidding process has been "handled". There should be at least several Vegas based giants of the casino industry wresting on the floor to get this gig. Where's Harrah's, Boyd Gaming, anybody? If they're anywhere lurking, they're waiting for NY State to come down off its pedestal and put some reasonable conditions in place.
When and where in the history of the casino gaming industry has a casino company EVER had to front $300,000,000, with no guarantee, for just the "rights" to build a casino?
So now Mr. DiNapoli is rightly tightening the screws on NYRA for not cutting their payroll since they went bankrupt and for generally overspending on various "stuff". I think Mr. Di. is wrong about eliminating the horse vans between the tracks or making the owners pay for it. NYRA needs to provide that service to be competitive, IMHO.
So now having heard Mr. Di's call for NY to "finally get it right" in choosing the AQU Racino operator, with just a single, foreign based player left at the table.....a company that wants to bring in dancing girls and build the mother of all Chinese restaurants I'll bet the NY Lottery guys who bounced Penn Gaming & SI Green want to go out and "drink a little" as the clock starts to tick a bit louder the 25MM NYRA loan. One can almost hear the sound of heads hitting the floor if this "bid of last resort" screws up down the line.
It would not surprise me in the least if it was ultimately decided that this company cannot be licensed and the entire bidding process opened up yet again. You heard it here first. Like Mr. DiNapoli said, they can't afford to get it wrong. Will they bet the farm on a foreign based outfit with little experience in this country?
PS: Just asking.....If NY OTB is unable / unwilling to pay NYRA what it owes them, even in small increments, then why is NY OTB allowed to continue to take in bets on NYRA?? The better question is......why is NY OTB allowed to continue operating AT ALL?? If they shut it down, then there's no need to pay $125,000 a month to "The Fixpert". What's left to fix?
Okay I'm done.....time to begin studying the BRIS pp's for the Friday Monmouth Pick 5.
Vinman
Last edited by Vinman; 07-12-2010 at 04:50 PM.
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