HORSEPLOP.COM
General Category => Harness Racing => Topic started by: Wolverine on February 28, 2025, 08:44:03 AM
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Here is the free link to the article: https://www.nytimes.com/2025/02/28/opinion/horse-racing-government-subsidies.html?unlocked_article_ code=1.0U4.-qYT.6C56ZCOclJTP&smid=url-share
Complete with photo of Joe Faraldo, interview with Jeff Gural, and interviews with grooms and others who endure substandard working conditions and get fired if they report injuries.
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From the article: "In exchange for the slot machine money, many tracks must agree to run race after race, regardless of whether anyone’s betting or watching. At Yonkers Raceway there are eight to 12 races per evening, 240 nights per year, seven or more horses to a race — utter indifference on infinite repeat.
One result is a marked deterioration of the tracks themselves. The gambling giant MGM Resorts, which owns the bedraggled Yonkers track and the cash-gushing casino next door, loses up to $25,000 on every racing day. That’s table stakes for the real prize: a chance to open a full-blown casino in the New York City area, which could be worth billions per year. It’s a good gamble for MGM but not for racing fans. Mr. Faraldo likened the neglected raceways to “a party where there’s all ugly girls,” before thinking better of the metaphor."
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Oh, did The Times finally print that story I was talking about over the summer Noah wrote? I was fixing fences when I had an incredibly deep conversation with him. He was shocked. BTW Mr. Faraldo? He had no idea who you were until I told him. Sowwy! ngc3
(https://iili.io/329Qhan.png) (https://freeimage.host/)
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everything isn't about you dude
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everything isn't about you dude
A lot more is than you could ever imagine dickhead. Keep blowing the criminals that own you. Jackass. ngc3
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(https://iili.io/32HpNmF.md.webp) (https://freeimage.host/i/32HpNmF)
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everything isn't about you dude
Actually, it is. It has to be. And if something happens that isn't, he will make it so. It's all part of the sickness.
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The editorial asks a legitimate question.
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Here is the free link to the article: https://www.nytimes.com/2025/02/28/opinion/horse-racing-government-subsidies.html?unlocked_article_ code=1.0U4.-qYT.6C56ZCOclJTP&smid=url-share
Complete with photo of Joe Faraldo, interview with Jeff Gural, and interviews with grooms and others who endure substandard working conditions and get fired if they report injuries.
The Philadelphia Inquirer wrote several articles about this subject many years ago. Unfortunately these are behind a paywall.
Pa.'s horse-racing industry gets more state money than Health ...
https://www.inquirer.com/philly/business/horse-racing-casinos-slots-purses-gaming-20180406.html
Gift horses: Slots players send $1.5 billion bouquet to Pa.'s race industry. by Sam Wood and Frank Kummer, Philly.com
https://www.inquirer.com/philly/news/Gift_horses_Slots_players_send_1_billion_bouquet_to_Pas_race_industry.html
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Here is the free link to the article: https://www.nytimes.com/2025/02/28/opinion/horse-racing-government-subsidies.html?unlocked_article_ code=1.0U4.-qYT.6C56ZCOclJTP&smid=url-share
Complete with photo of Joe Faraldo, interview with Jeff Gural, and interviews with grooms and others who endure substandard working conditions and get fired if they report injuries.
Another nail in the coffin, I suspect the new Casino licenses will have no connection to racing, the beginning of the end.
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highlight the link
then hit Ctrl C
go to archive.fo
then paste into box..
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All bullshit articles that don’t even come close to the real facts. If not for horse track the public would have never allowed casinos. The most popular phrase was I don’t want gambling in my neighborhood but there is already gambling over there. Oh and if the subsidies end, the money will all go to casino companies not state coffers
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All bullshit articles that don’t even come close to the real facts. If not for horse track the public would have never allowed casinos. The most popular phrase was I don’t want gambling in my neighborhood but there is already gambling over there. Oh and if the subsidies end, the money will all go to casino companies not state coffers
I never could understand why people think the slot money should just stay in the casinos corporate pockets instead of helping local economies. Why is it wrong that the money that was legally allotted to go towards the purses, should now just stay with the casinos, or maybe just be given to the crooked states to spend on trans dance lessons in Nigeria
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What about when casino money, slots money, etc., is not given as a so called "subsidy," to a racetrack? Is that "wrong" too? I am guessing that racetracks must be completely and fully self-sufficient, and profitable. Off-track handle doesn't count? Other lines of business don't count? I guess not. I've long said that the people who run racetracks don't understand the racetrack business. I guess the people here do. LOL.
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All bullshit articles that don’t even come close to the real facts. If not for horse track the public would have never allowed casinos. The most popular phrase was I don’t want gambling in my neighborhood but there is already gambling over there. Oh and if the subsidies end, the money will all go to casino companies not state coffers
Ask Pompano horseman how the real facts helped them
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Many people have selective memories or just wrong information. In New York State it was the racetracks wanting slots as much as it was the horsemen. Racetracks wanted full casinos.
For more than 10 years prior to the state legislature passing the VLT laws, the horsemen lobbied for slots. The horsemen's bill never made it out of committee to the floor for a vote. Meanwhile, almost harness track was up for sale. Yonkers had two deals that fell apart.
In the regular Legislative session of 2001, the harness bill once again was introduced for the 11 year with not enough support to make it to the floor. It took the 9/11 disaster to bring NYC and much of NY state to it's financial brink of collapse.
It was then the Law makers needed every revenue stream it could find or create to stop the bleeding and reverse the 20%+ decline in the city and states economy.
Knowing a new form of gambling like slot machines or table games would take a constitutional amendment. A 2-3 year process and a vote by the public. That is when they created the Video Lottery Terminal. Now with VLT's being a legal extension of the other NYS Lottery games.
In New York, at least, racetracks and horsemen had little to do with NY having VLTs. AS I stated, for more than 11 years prior to October, 2001 special Legislative session, the horsemen's bill for slots never had enough juice to make more than a pipe dream. It took a disaster like the mass killing of 9/11 and the desperation to rebuild the lost revenues to get it done.
This is my recollection of the events leading up to the state allowing VLTs at tracks. The actions of the state legislator showed for 11 years they had no intentions of bailing out racetracks or horsemen.
In NY, the horsemen owe a debt of gratitude to Joe Faraldo for masterminding the contract he negotiated with the state. And, for the renewals as well. Joe knows this gravy train has a expiration date and, he milks it for every penny leaving nothing behind.
I will say, the onley one who makes out better than the Yonkers horsmen is Joe Faraldo. So what.
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https://paulickreport.com/news/ray-s-paddock/view-from-the-eighth-pole-justifying-our-existence