Churchill Downs raising takeout

[Stillriledup]

Originally Posted by OTM Al

Really? Because it sounds like they increased their profit. This is what a business is supposed to do. It's too bad if some don't like it. Enough still do for what they want to do. I don't play the place because I've never liked the product, but others do and will. CDI knows what it is doing. I'm sure they appreciate your contribution to meeting those goals.

If they're increasing profit, that must mean they're raising purses? I'm sure the horsemen are thrilled that their "profit" is going back into the racing product.

[ronsmac]

Originally Posted by Stillriledup

If they're increasing profit, that must mean they're raising purses? I'm sure the horsemen are thrilled that their "profit" is going back into the racing product.

At this rate , if the profits keep increasing msw's will be running for 15k in a few years.

[BIG49010]

Churchill using same strong arm tactics in Illinois against Hawthorne, and it appears it's not working their either. Interesting the decline in handle almost mirrors the increase in stock price and earnings on a chart. Comments from Mr. D. " we have to talk to our parent company", why doesn't he grow a set and help out the sport he loves and the track he built.

http://www.drf.com/news/far-fewer-ra...s-chicago-2015

[DeanT]

Originally Posted by OTM Al

Really? Because it sounds like they increased their profit. This is what a business is supposed to do.

My discussion has nothing to do with CDI profit, it has to do with the fact that the commission - in charge of making sure racing in Kentucky thrives - doesn't care what the debt to equity ratio is at CDI, they are there to regulate racing. We'll see what they do within the next two weeks.

[BIG49010]

Perhaps we need to send some letters, and encourage them to give KY Downs 12 days of racing.

[OTM Al]

Originally Posted by DeanT

My discussion has nothing to do with CDI profit, it has to do with the fact that the commission - in charge of making sure racing in Kentucky thrives - doesn't care what the debt to equity ratio is at CDI, they are there to regulate racing. We'll see what they do within the next two weeks.

Your discussion has everything to do with CDI profit. It is the basis for what they are doing and the basis of the whole lower takeout movement.

[OTM Al]

Originally Posted by Stillriledup

If they're increasing profit, that must mean they're raising purses? I'm sure the horsemen are thrilled that their "profit" is going back into the racing product.

Why would they do that? They don't want handle to increase above the tax threshold.