Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board > Thoroughbred Horse Racing Discussion > General Racing Discussion


Reply
 
Thread Tools Rate Thread
Old 08-08-2017, 02:10 PM   #1
fmhealth
Registered User
 
Join Date: Feb 2004
Posts: 641
Rep Power: 14 fmhealth is on a distinguished road
AP- on the edge of destruction!!

Yesterday, the AZ Republic published an article on the possible demise of TUP. Today, a similar article saw the light of day in a Chicago paper. Everyday there's more & more bad news concerning the ongoing viability of racing. I think we all know how this story ends.

Be Well,
fmhealth

http://www.dailyherald.com/sports/20...acing-crumbles
fmhealth is offline   Reply With Quote Reply
Old 08-08-2017, 03:17 PM   #2
JustRalph
Disgruntled Horseplayer
 
Join Date: Mar 2002
Location: Now in Houston
Posts: 39,578
Rep Power: 59 JustRalph is just really niceJustRalph is just really niceJustRalph is just really niceJustRalph is just really niceJustRalph is just really nice
Quote:
Originally Posted by fmhealth View Post
Yesterday, the AZ Republic published an article on the possible demise of TUP. Today, a similar article saw the light of day in a Chicago paper. Everyday there's more & more bad news concerning the ongoing viability of racing. I think we all know how this story ends.

Be Well,
fmhealth

http://www.dailyherald.com/sports/20...acing-crumbles
Yes we do! People will continue to bet
__________________
So tired of winning
JustRalph is online now   Reply With Quote Reply
Old 08-08-2017, 03:21 PM   #3
ReplayRandall
Veteran
 
Join Date: Apr 2014
Posts: 4,614
Rep Power: 8 ReplayRandall is on a distinguished road
Quote:
Originally Posted by fmhealth View Post
Yesterday, the AZ Republic published an article on the possible demise of TUP. Today, a similar article saw the light of day in a Chicago paper. Everyday there's more & more bad news concerning the ongoing viability of racing. I think we all know how this story ends.

Be Well,
fmhealth

http://www.dailyherald.com/sports/20...acing-crumbles
It's called CONTRACTION.....No problem from where I stand.
ReplayRandall is offline   Reply With Quote Reply
Old 08-08-2017, 03:26 PM   #4
CincyHorseplayer
Registered User
 
CincyHorseplayer's Avatar
 
Join Date: Jan 2008
Location: Cincinnati,Ohio
Posts: 4,851
Rep Power: 14 CincyHorseplayer is on a distinguished road
Quote:
Originally Posted by ReplayRandall View Post
It's called CONTRACTION.....No problem from where I stand.
Absolutely. It will hurt some of us when racing gets yanked in our neck of the woods but it will be better off in the long run IMO.
CincyHorseplayer is offline   Reply With Quote Reply
Old 08-08-2017, 03:59 PM   #5
fmhealth
Registered User
 
Join Date: Feb 2004
Posts: 641
Rep Power: 14 fmhealth is on a distinguished road
Find it unseemly to correct my friend Tony Perillo, GM of AP but his numbers are somewhat off. Nine years ago CHDN was selling at $38.00, today it's trading at $194.00. I'd say shareholders, of which I number, are very pleased with their ROI. Including the dividends, this stock is up over 300% during this period.

If CHDN eventually sells this property, as if appears they will, another 20% is easily achievable.

Be Well,
fmhealth
fmhealth is offline   Reply With Quote Reply
Old 08-08-2017, 04:17 PM   #6
thaskalos
"Are you talking to ME?"
 
thaskalos's Avatar
 
Join Date: Jan 2006
Posts: 19,547
Rep Power: 35 thaskalos is just really nicethaskalos is just really nicethaskalos is just really nicethaskalos is just really nicethaskalos is just really nice
In the north and northwest Chicago-area suburbs...Arlington Park is the only food-serving facility with a liquor license that doesn't have slots. In that area, even the nickle-and-dime hamburger joints have slot machines...or they are on the waiting list to get them in the near future. But Arlington Park has been steadfastedly denied slots...because the Illinois politicians are supposedly AGAINST widespread casino gambling in the state.

In the meantime...the slots are in every tavern and fast-food joint that you can find...and the moron customers flock to these places, where a hot dog and fries often costs them upwards of $500.
__________________
"If someone gave away your body to the first man he met, you would be indignant. But yet you trust your mind to the chance comer, and allow it to be disturbed and confounded if he reviles you. Are you not ashamed to do so?"
-- Epictetus, Enchiridion 28
thaskalos is offline   Reply With Quote Reply
Old 08-08-2017, 04:31 PM   #7
thaskalos
"Are you talking to ME?"
 
thaskalos's Avatar
 
Join Date: Jan 2006
Posts: 19,547
Rep Power: 35 thaskalos is just really nicethaskalos is just really nicethaskalos is just really nicethaskalos is just really nicethaskalos is just really nice
Quote:
Originally Posted by ReplayRandall View Post
It's called CONTRACTION.....No problem from where I stand.
I see a BIG problem. With the emergence of the racinos...the very tracks that should be "contracted" are among the most profitable ones around. Penn National and Parx are the crookedest tracks in the country, and should be the FIRST to get shut down for the betterment of the sport...but their thriving casino businesses guarantee that they are both here to STAY.
__________________
"If someone gave away your body to the first man he met, you would be indignant. But yet you trust your mind to the chance comer, and allow it to be disturbed and confounded if he reviles you. Are you not ashamed to do so?"
-- Epictetus, Enchiridion 28
thaskalos is offline   Reply With Quote Reply
Old 08-08-2017, 04:35 PM   #8
ReplayRandall
Veteran
 
Join Date: Apr 2014
Posts: 4,614
Rep Power: 8 ReplayRandall is on a distinguished road
Quote:
Originally Posted by thaskalos View Post
I see a BIG problem. With the emergence of the racinos...the very tracks that should be "contracted" are among the most profitable ones around. Penn National and Parx are the crookedest tracks in the country, and should be the FIRST to get shut down for the betterment of the sport...but their thriving casino businesses guarantee that they are both here to STAY.
Not to worry, as at some point PA state legislators will decouple racing from the casinos, then you'll see no more racing......It'll happen, a sure thing..
ReplayRandall is offline   Reply With Quote Reply
Old 08-08-2017, 07:52 PM   #9
olddaddy
Registered User
 
Join Date: Mar 2010
Posts: 1,031
Rep Power: 9 olddaddy is on a distinguished road
Quote:
Originally Posted by thaskalos View Post
I see a BIG problem. With the emergence of the racinos...the very tracks that should be "contracted" are among the most profitable ones around. Penn National and Parx are the crookedest tracks in the country, and should be the FIRST to get shut down for the betterment of the sport...but their thriving casino businesses guarantee that they are both here to STAY.

And Parx and Penn National are dumps, Arlington is a jewel in all respects except the poly course.
olddaddy is offline   Reply With Quote Reply
Old 08-08-2017, 08:33 PM   #10
MonmouthParkJoe
Registered User
 
Join Date: Jul 2015
Posts: 758
Rep Power: 3 MonmouthParkJoe is on a distinguished road
Quote:
Originally Posted by ReplayRandall View Post
Not to worry, as at some point PA state legislators will decouple racing from the casinos, then you'll see no more racing......It'll happen, a sure thing..

I was talking about this today and have thought this for a while now, but think the precedent will be set in Florida. I know the FTBOA has been fighting this for a while, but other states should take notice. It really comes down to a matter of when, not if.

When it does, we will have contraction. Major circuits should still be around for the most part, it is the smaller tracks that serve as feeders that will be the real issue when they close. Sure, some of these horses will move to other tracks but if people think the foal crop is an issue now, wait till this happens.

Add to that, I dont know of anyone that became a fan of racing by visiting an OTB. Most get exposed to the live product and become life long fans. Those that are not lucky enough to grow up in an area with major tracks will not be exposed, then we will have a real issue sustaining the customer base.
MonmouthParkJoe is online now   Reply With Quote Reply
Old 08-08-2017, 09:04 PM   #11
Valuist
Registered User
 
Join Date: Feb 2003
Location: East Bay
Posts: 15,861
Rep Power: 31 Valuist will become famous soon enoughValuist will become famous soon enough
Legalized sports betting will be the final nail in the coffin. And its hard to feel sorry for the sport of horse racing. They wanted the band aid, short-term fixes. They never listened to the public.
Valuist is offline   Reply With Quote Reply
Old 08-09-2017, 12:42 AM   #12
thespaah
Registered User
 
Join Date: Aug 2007
Posts: 7,020
Rep Power: 18 thespaah is on a distinguished road
Quote:
Originally Posted by ReplayRandall View Post
Not to worry, as at some point PA state legislators will decouple racing from the casinos, then you'll see no more racing......It'll happen, a sure thing..
About Pennsylvania..With the confiscatory 32% take out on vertical bets of three or more and all horizontal wagers, it is a miracle anyone with half a brain bets horses in that state.
If the geniuses in Harrisburg ever get around to decoupling casino gaming and horse racing. The industry at least on the Thoroughbred side is dead.
thespaah is offline   Reply With Quote Reply
Old 08-09-2017, 12:51 AM   #13
cj
@TimeformUSfigs
 
cj's Avatar
 
Join Date: Jan 2002
Location: Moore, OK
Posts: 39,729
Rep Power: 58 cj is a jewel in the roughcj is a jewel in the roughcj is a jewel in the roughcj is a jewel in the rough
Quote:
Originally Posted by thespaah View Post
About Pennsylvania..With the confiscatory 32% take out on vertical bets of three or more and all horizontal wagers, it is a miracle anyone with half a brain bets horses in that state.
If the geniuses in Harrisburg ever get around to decoupling casino gaming and horse racing. The industry at least on the Thoroughbred side is dead.
I don't mind playing Parx on Mon/Tue, I just don't play anything other than W, DD, or EX.
cj is offline   Reply With Quote Reply
Old 08-09-2017, 11:39 AM   #14
Prioress Ply
Registered User
 
Join Date: Jun 2017
Posts: 25
Rep Power: 0 Prioress Ply is on a distinguished road
Quote:
Originally Posted by Valuist View Post
Legalized sports betting will be the final nail in the coffin. And its hard to feel sorry for the sport of horse racing. They wanted the band aid, short-term fixes. They never listened to the public.
Exactly right.
Prioress Ply is offline   Reply With Quote Reply
Old 08-09-2017, 12:15 PM   #15
jdhanover
Registered User
 
Join Date: Apr 2011
Posts: 2,565
Rep Power: 9 jdhanover is on a distinguished road
More contraction, yes. Extinction...I don't see that for a loooong time, hopefully not in my lifetime.

Legalized sports betting will hurt but not kill IMO. There is a different 'rush' from betting horses than games.

I could see about 1/3 of the current tracks fold in the next decade but I think that is the stabilization point. That would lead to fuller fields too. Some tracks make no sense to keep running, at least without slots (e.g., Arapahoe Park - too small, Aqueduct - just run BEL/SAR, etc) but others do.

There is still a lot of money bet each year on horse racing. The big money in the game could bet sports today if they wanted to.
jdhanover is offline   Reply With Quote Reply
Reply




Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

» Advertisement
» Current Polls
Who Would Win?
Winx - 65.45%
36 Votes
Enable - 34.55%
19 Votes
Total Votes: 55
Non-members may not vote on this poll.
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 12:32 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Copyright 1999 - 2017 -- PaceAdvantage.Com -- All Rights Reserved -- Best Viewed in a modern browser @ 1280x720 Resolution Or Higher
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.