How long will MGM, Caesars, etc keep paying out $12k,15k,18k,22k,25k Purses on H

[captaintreacherous]

Just glancing at Pocono today...and the Total Handle

on some races is Less than the Purse...

some races about even with the purse..

so the math shows it is costing the powers that be

$200K or more per day to run the card..

I am thinking the track takes in 20% per $ but only keeps

say 10% per $..

and then add Track Maintenance, Electric, Water,

Insurance, paddock help, employees etc etc

How long will the bean counters accept these losses

at the "Racinos"..

Not going to be forever...another year or 2 and these

suits are going to look for outs to get rid of the losses

on the Racing product..

The tracks have to be horseman owned or they will

be out of business...e.g. Pompano Park

as soon as decoupled...bye bye

[gurals casino]

do you not understand that purses are funded by a small percentage of slot machine revenue for all six Pennsylvania tracks?

or do you just like starting nonsensical threads from yesteryear that have been rehashed a million times already?

[captaintreacherous]

understood...wher e the purse $ comes from...

We know this.

that is not the question....read the thread...


HOW LONG will the casino interests keep forking

over their hard earned slot $$$  profits for the Buggy races

where they see No attendance and minimal online

wagering.

The huge corporations like MGM didnt get where they

are by charity....

The only interest they have is Casino....

Do u think they will open Harness tracks stand alone?

They are a total loser...and then some.

I am sure their Attorneys are working 24/7

figuring out longterm angles of dropping the harness

tracks from their Menu.

Not if....but when.



interest in most cases.

[captaintreacherous]

With a 5 day card the Casino interests are Losing

close to $1 Million per week per track....


funding $12K to 22K purses.

and if you think they will not Bail at the first possible

chance....well... .

what more can we say.

If the purses were $4000 or $5000 the tracks may last longer.

[gurals casino]

understood...where the purse $ comes from...

We know this.

that is not the question....read the thread...


HOW LONG will the casino interests keep forking

over their hard earned slot $$$  profits for the Buggy races

where they see No attendance and minimal online

wagering.

The huge corporations like MGM didnt get where they

are by charity....

The only interest they have is Casino....

Do u think they will open Harness tracks stand alone?

They are a total loser...and then some.

I am sure their Attorneys are working 24/7

figuring out longterm angles of dropping the harness

tracks from their Menu.

Not if....but when.



interest in most cases.

oh geez

it is the state of Pennsylvania that has legislature written for the purses funded by slots revenue-the casino companies have no say what is allocated for purses

stop pointing the finger at the casino companies like they are involved and properly address your concerns with a more appropriate title like "How long will the state of Pennsylvania .....blah blah blah"

its called decoupling and there are about 10,000 threads on that already

got it?