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Old 04-04-2015, 09:11 AM   #16
Grits
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Virginia is moving to get OTBS reopened and out of the hands of monopoly, Colonial Downs. Along with searching possibilities for other sites.

http://www.paulickreport.com/news/th...tbs-to-reopen/

Encouraging.
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Old 04-04-2015, 09:18 AM   #17
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Quote:
Originally Posted by Grits
Virginia is moving to get OTBS reopened and out of the hands of monopoly, Colonial Downs. Along with searching possibilities for other sites.

http://www.paulickreport.com/news/th...tbs-to-reopen/

Encouraging.
That would certainly be welcome. Colonial's old OTB in Scott County is now a church.
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Old 04-04-2015, 12:34 PM   #18
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Quote:
Originally Posted by ctownraces@bp
Jeff Jacobs is into casinos. He thought he would have casinos in Virginia in a few years after he built the track like the rest of the Mid atlantic states and he would be in the drivers seat. Now he knows that's not going to happen in this commonwealth state so I think he just wants out.
Yep.
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Old 04-04-2015, 01:08 PM   #19
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Quote:
Originally Posted by Grits
Virginia is moving to get OTBS reopened and out of the hands of monopoly, Colonial Downs. Along with searching possibilities for other sites.

http://www.paulickreport.com/news/th...tbs-to-reopen/

Encouraging.
Thanks for this info!!
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Old 04-04-2015, 04:13 PM   #20
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Quote:
Originally Posted by GaryG
That would certainly be welcome. Colonial's old OTB in Scott County is now a church.
What better place to place bets?
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Old 04-04-2015, 05:45 PM   #21
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from the press release:

" the legislation will enable Virginia’s horsemen and breeders to be able to guide the development of the racing industry in the years to come."

scary words, when you think about how the powers granted horsemen's groups nationally and in states like California have allowed them to guide the horse racing business right into the ground.
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Old 04-04-2015, 05:59 PM   #22
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Quote:
Originally Posted by Cholly
from the press release:

" the legislation will enable Virginia’s horsemen and breeders to be able to guide the development of the racing industry in the years to come."

scary words, when you think about how the powers granted horsemen's groups nationally and in states like California have allowed them to guide the horse racing business right into the ground.
"When in Rome, do as the Romans do." So, I have no problem with this as it is a shame for a state to lose the sport of thoroughbred racing in its entirety. With this in mind, I'm glad they are working trying to work things out. Too, they may wind up with a better racing product.
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Old 04-04-2015, 06:35 PM   #23
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Quote:
Originally Posted by Cholly
from the press release:

" the legislation will enable Virginia’s horsemen and breeders to be able to guide the development of the racing industry in the years to come."
What it does is simply put money in their pockets. The outrageous 10% tax on all wagers placed by Virginians through ADWs just gets redistributed: 1% to the Virginia Breeders Fund, 4% to the new "Equine Alliance", and 5% to the horsemen's purse account for races run in Virginia (of which there are none at present).

Essentially, the Equine Alliance gets what Colonial used to get. All three of the recipients are really "the horsemen" under various organizational disguises. And there's no obligation to run any races at all. Of course, they're delighted. Who wouldn't be?
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Old 04-04-2015, 10:27 PM   #24
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The article (in the Paulick report) mentioned three sites under possible consideration for flats races. Anyone know they might be?
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Old 04-05-2015, 10:54 AM   #25
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Quote:
Originally Posted by foregoforever
What it does is simply put money in their pockets. The outrageous 10% tax on all wagers placed by Virginians through ADWs just gets redistributed: 1% to the Virginia Breeders Fund, 4% to the new "Equine Alliance", and 5% to the horsemen's purse account for races run in Virginia (of which there are none at present).

Essentially, the Equine Alliance gets what Colonial used to get. All three of the recipients are really "the horsemen" under various organizational disguises. And there's no obligation to run any races at all. Of course, they're delighted. Who wouldn't be?
If this is correct, I will give up wagering online with Twinspires. I'm referring to paying .20 cents extra for a $2.00 win bet.. That is truly beyond absurd.
Say it ain't so...Maybe they will wake up.
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Old 04-05-2015, 11:38 AM   #26
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Quote:
Originally Posted by Flysofree
If this is correct, I will give up wagering online with Twinspires. I'm referring to paying .20 cents extra for a $2.00 win bet.. That is truly beyond absurd.
Say it ain't so...Maybe they will wake up.
It doesn't cost you anything. Virginia's 10% is taken is taken out of the ADW's cut. So, assuming a 20% takeout and a 6% signal fee, Virginia horsemen get 10% (through the various organizations), the track gets 6%, and the ADW is left with 4% for all wagers placed by Virginia customers.

I object to the notion that Virginia horsemen, who run no races currently, and only ran a few weeks all along, get the majority of the money for doing essentially nothing. Subsidies like this screw up the economics of the game, and there are side-effects.

The smaller ADWs won't take Virginia customers, and the larger ones aren't at all happy about the tax. That's why Colonial disappeared from TVG and HRTV some years ago. The ADWs weren't interested in promoting Colonial when they get such a small cut.

It's also why Colonial had so little interest in running races in recent years, as they made more money by not racing and just collecting their cut. This was the cause of all the problems last year.
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Old 04-05-2015, 12:17 PM   #27
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Quote:
Originally Posted by foregoforever
It doesn't cost you anything. Virginia's 10% is taken is taken out of the ADW's cut. So, assuming a 20% takeout and a 6% signal fee, Virginia horsemen get 10% (through the various organizations), the track gets 6%, and the ADW is left with 4% for all wagers placed by Virginia customers.

I object to the notion that Virginia horsemen, who run no races currently, and only ran a few weeks all along, get the majority of the money for doing essentially nothing. Subsidies like this screw up the economics of the game, and there are side-effects.

The smaller ADWs won't take Virginia customers, and the larger ones aren't at all happy about the tax. That's why Colonial disappeared from TVG and HRTV some years ago. The ADWs weren't interested in promoting Colonial when they get such a small cut.

It's also why Colonial had so little interest in running races in recent years, as they made more money by not racing and just collecting their cut. This was the cause of all the problems last year.
Ok, thanks.. I didn't initially understand where the 10% was to come from in new legislation.
I thought the breakdown in negotiations between Colonial's owner Jacobs and the Virginia horsemen was over racing dates. He stuck soundly to only wanting to race a 5 day per year meet....with very high quality horses and purses. The Virginia horsemen said that would not work for them.. They wanted many more racing dates... That was the end game from my understanding.
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Old 04-05-2015, 01:05 PM   #28
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Such a shame that track closed.

Was a very nice facility, a large mile+ track, with a "small track" feel.

Traveled to that area for work over 10 years ago and spent some weekends (even some weekdays) learning the game.

Biggest thrill was seeing Secretariat's owner. I still have that Secretariat bobble head they handed out that day.
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Old 04-06-2015, 11:50 AM   #29
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Does anyone have any idea where are the 3 locations being considered??

Back in the day before Jacobs won the bid for the track, I heard the Churchill Downs people were bidding also for the track. The rumor was they had land in Portsmouth, Va. That would have been a better location than New Kent for crowd draw.
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Old 04-07-2015, 12:04 AM   #30
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Quote:
Originally Posted by Grits
Virginia is moving to get OTBS reopened and out of the hands of monopoly, Colonial Downs. Along with searching possibilities for other sites.

http://www.paulickreport.com/news/th...tbs-to-reopen/

Encouraging.
That would be fantastic.
The Ridgeway, OTB is just a couple hours from here.
This is the closest Pari-Mutuel facility of any kind to my residence.
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