HORSEPLOP.COM
General Category => Harness Racing => Topic started by: Emperor Dapple on March 13, 2019, 12:24:28 PM
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Not surprised by today's news story but I figured I'd share..
https://www.lohud.com/story/news/politics/politics-on-the-hudson/2019/03/12/mgm-eyes-full-scale-gaming-license-empire-city-casino-yonkers/3144166002/
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NY has always been way late. how many years did jersey take gambling money from NY?
gural will have gambling at m1 before mgm and resorts world sways those stuck in the mud upstate bureaucrats.
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When the state was only handing out 3 licenses first time around he cried enough to convince them to hand him a fourth. They can do whatever they want with the right greasing.
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Will they give up the horse racing ?
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Will they give up the horse racing ?
Not at all.
Don't count on harness racing being moved to Long Island.
Best bet is a new facility close to Middletown, New York.
Winner for all if that happens:
MGM gets additional space for gaming, horsemen still get their percentage, and logistics are good.
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Not at all.
Don't count on harness racing being moved to Long Island.
Best bet is a new facility close to Middletown, New York.
Winner for all if that happens:
MGM gets additional space for gaming, horsemen still get their percentage, and logistics are good.
Sounds to good to be true. I hope
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Why race at all
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Alls good as long as the Big M stays open Actually all the half milers should close not just Yonkers
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With the state contractually bound to return a pro-rated licensing fee to the 4 up-state casinos, it make no sense to allow full casino privileges to down state Racinos before, the year 2023. It would cost the state about $300 million.
So, I don't see Yonkers going anywhere soon. And, I mean anywhere like, to Belmont. NYRA is set to start a 2 year renovation at Belmont park with no plans for harness racing.
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With the state contractually bound to return a pro-rated licensing fee to the 4 up-state casinos, it make no sense to allow full casino privileges to down state Racinos before, the year 2023. It would cost the state about $300 million.
So, I don't see Yonkers going anywhere soon. And, I mean anywhere like, to Belmont. NYRA is set to start a 2 year renovation at Belmont park with no plans for harness racing.
it could be more than the pro-rated fee unless it was stipulated in the contract
the 4 upstate casinos paid a licensing fee plus built with 7 year exclusivity
unless Genting and MGM want to pay up huge, they'll have to wait till 2023, the state doesn't have the money to pay off the other entities for Genting and MGM's gain
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With the state contractually bound to return a pro-rated licensing fee to the 4 up-state casinos, it make no sense to allow full casino privileges to down state Racinos before, the year 2023. It would cost the state about $300 million.
So, I don't see Yonkers going anywhere soon. And, I mean anywhere like, to Belmont. NYRA is set to start a 2 year renovation at Belmont park with no plans for harness racing.
The Belmont renovations included accommodations for winter racing. Take a closer look at that, once Aqueduct receives an actual gaming license what does that tell you?
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I don't there is any question, NYRA has long term plans that does not include racing at Aqueduct. They become eligible for a casino in less than 4 years. What I don't see is anywhere harness racing is in the forward plan.
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I don't there is any question, NYRA has long term plans that does not include racing at Aqueduct. They become eligible for a casino in less than 4 years. What I don't see is anywhere harness racing is in the forward plan.
Me either, and I still can't comprehend the general horsemen "without us" attitude. Right now they should be doing whatever they can reaching out to track managements with a viable plan that proves they are a viable entertainment and revenue source. Because when the day comes that the foundation for a hotel is being poured where the infield was will be too late. Yonkers right now has just over three years if what is being said is true, meanwhile John Brennan is having email wars with Jeff Gural. Very real possibility when the dust clears The Meadowlands may be the last man standing.
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When the state was only handing out 3 licenses first time around he cried enough to convince them to hand him a fourth. They can do whatever they want with the right greasing.
Well when you consider that Waterloo isn't part of the southern tier, the casino in Montighetto is failing and Rivers isn't so hot either he felt as though he was getting fucked. Looking at the fact that his little place is the only one NOT FAILING he was right.
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Well when you consider that Waterloo isn't part of the southern tier, the casino in Montighetto is failing and Rivers isn't so hot either he felt as though he was getting fucked. Looking at the fact that his little place is the only one NOT FAILING he was right.
Missing the point, he did what he had to do. It worked. Point is when it comes down to it with enough support from the board any moratorium can be lifted. Any limit can be lifted. And if that happens...let's just say they won't be crying about keeping the barns at Yonkers. Unless you want to jog in the parking lot.
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if any of you is old enough you remember there was a crude dirt training track behind the paddock building at yr. mgm has mega money. a good plan would be to scrap the entire grandstand and track and build a new grandstand and 1 mile track roughly where that old training track was. then they can use the footprint of the existing track and grandstand for a big new hotel and casino
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The Belmont renovations included accommodations for winter racing. Take a closer look at that, once Aqueduct receives an actual gaming license what does that tell you?
That doesn't get Genting (Aqueduct) and MGM (Yonkers) a full casino license prior to 2023.
The other casinos paid up to 300 million each in licensing fees to have exclusivity in the state. If that agreement is broken, they will want much of that back. NY won't pay it and Yonkers and Genting will not wish to pay it for an additional 4 years.
The entities can work it out before then, that would be the only way.
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if any of you is old enough you remember there was a crude dirt training track behind the paddock building at yr. mgm has mega money. a good plan would be to scrap the entire grandstand and track and build a new grandstand and 1 mile track roughly where that old training track was. then they can use the footprint of the existing track and grandstand for a big new hotel and casino
Where is the up-side to building a new track and grandstand for MGM? Getting a full gaming license is not an if but a when?
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if any of you is old enough you remember there was a crude dirt training track behind the paddock building at yr. mgm has mega money. a good plan would be to scrap the entire grandstand and track and build a new grandstand and 1 mile track roughly where that old training track was. then they can use the footprint of the existing track and grandstand for a big new hotel and casino
Where exactly will the hotel, restaurants, theater and shopping go? Do you really think they're staying within the footprints of the existing buildings? And where do you think they will make more money, a full blown Casino/Resort with all those entertainment amenities people actually want with headline events, or a harness track. Even if this is 3 years down the road, that goes by pretty fast.
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Where exactly will the hotel, restaurants, theater and shopping go? Do you really think they're staying within the footprints of the existing buildings? And where do you think they will make more money, a full blown Casino/Resort with all those entertainment amenities people actually want with headline events, or a harness track. Even if this is 3 years down the road, that goes by pretty fast.
I used to live on the upper west side near Columbia university for 25 years. it took me 12-15 minutes to drive to yr. do you think perhaps there will be a draw for the 8-10 million people of nyc to travel 15 minutes to experience a top notch gambling mecca, perhaps the only one of its kind on the east coast? within driving distance of perhaps 25-35 million people.
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I used to live on the upper west side near Columbia university for 25 years. it took me 12-15 minutes to drive to yr. do you think perhaps there will be a draw for the 8-10 million people of nyc to travel 15 minutes to experience a top notch gambling mecca, perhaps the only one of its kind on the east coast? within driving distance of perhaps 25-35 million people.
100% agree, and will not include a racetrack. This is a corporation that plays by solid numbers and is responsible for protecting stockholders. Nothing will be given, unless the horsemen can walk in like businessmen and present a viable proposal that proves there's money to be made. You know how many acres a mile track covers? And yes I know where the old jog track was. Overlay a mile on the property, think MGM will give up one square inch? What sounds good for "us" won't sound good for them.
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100% agree, and will not include a racetrack. This is a corporation that plays by solid numbers and is responsible for protecting stockholders. Nothing will be given, unless the horsemen can walk in like businessmen and present a viable proposal that proves there's money to be made. You know how many acres a mile track covers? And yes I know where the old jog track was. Overlay a mile on the property, think MGM will give up one square inch? What sounds good for "us" won't sound good for them.
there will be no racing at Aqueduct or Yonkers one day, but according to the "current laws", the purse monies will follow the horses where ever they do race
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100% agree, and will not include a racetrack. This is a corporation that plays by solid numbers and is responsible for protecting stockholders. Nothing will be given, unless the horsemen can walk in like businessmen and present a viable proposal that proves there's money to be made. You know how many acres a mile track covers? And yes I know where the old jog track was. Overlay a mile on the property, think MGM will give up one square inch? What sounds good for "us" won't sound good for them.
there are 2 parts to that property 1 is the hilltop and the other is the valley. perhaps if racing continues there will be enough acreage in one of those spots for a mile track. it is an overall huge plot
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Missing the point, he did what he had to do. It worked. Point is when it comes down to it with enough support from the board any moratorium can be lifted. Any limit can be lifted. And if that happens...let's just say they won't be crying about keeping the barns at Yonkers. Unless you want to jog in the parking lot.
Resorts World will be out as soon as Yonkers/Aqudump gets tables. Crazy how the state didn't want a casino at Tioga yet it is the only healthy casino in the state.