Author Topic: Will 3 NYC Casinos force Monticello to close  (Read 3429 times)

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bond

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Re: Will 3 NYC Casinos force Monticello to close
« Reply #15 on: January 19, 2024, 07:29:31 PM »
Come on, Bond. Your an intelligent man. You really believe track and casino owners are sabotaging their own product, so they can decouple ? That they have a product that was or can be profitable but they just refuse to support it?
 How many different ways can one market support all the gambling products in one market?
 Monticello, just like every other harness track has not had a product that generate enough support from the customers they serve in almost 30 years.
There is no chicken and the egg scenario going on here. It is clear, the reason there is no support from the track owners is, there is no demand from customers. There is no food vendors, parking attendants, bars, floor attendants, and just a couple of betting clerks is, there is nobody there.
The track owner did not wake up one day and chase the crowd and all the vendors away. Competition for the gambling and entertainment dollar gobbled up what was one a solid business.
So, after 30 years of one failed plan after another. Decades of millions of dollars in subsidies, should this support of a losing proposition start drafting an exit plan or, just continue to throw good money after bad?
   
You aren't wrong exporter--I'm just saying that leasing slot machines and just turning on the power-is highly profitable. Maintaining a harness track and all its facilities-is way costlier. Then if you remove all incentives for the betting public to bet on racing--while giving all the perks to the Casino slots--of course they make more money.
Ive been to Gulfstream last year--and that place looks after the racing as well as the Casino--so it can be profitable. Delaware is good as well. If run as intended, with the licensee, the regulators, the horsemen’s association all working together on a common outcome-racinos can work. They
need to encourage younger folk to come to the tracks-with bands music -anything--to get them to the track---nothing like this is happening in NY.



seriously

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Re: Will 3 NYC Casinos force Monticello to close
« Reply #16 on: January 19, 2024, 09:43:03 PM »
Apparently it is still relevant. 550K in 9 races today. Many harness tracks don't come close to that.

I'm glad you said it, because I would have said it in a way that included profanity, and much worse.

Generation XYZ

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Re: Will 3 NYC Casinos force Monticello to close
« Reply #17 on: January 19, 2024, 09:48:00 PM »
Seriously?
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Oliver Clozoff

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Re: Will 3 NYC Casinos force Monticello to close
« Reply #18 on: January 19, 2024, 10:18:30 PM »
Like Yonkers this place will never close, agriculture and open space initiatives will keep a few tracks open in NY forever. 

The Exporter

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Re: Will 3 NYC Casinos force Monticello to close
« Reply #19 on: January 20, 2024, 07:28:06 AM »
You see where the state is betting there money. The Thoroughbreds are getting the state investments. Their program has actually has experienced the same declines as Standardbreds yet, they have the political juice.
 The state is on the hook for the rebuilding of Belmont Park for over $500,000,000, the amount the state loaned NYRA when they could not raise the money commercially. No institution saw it as a good investment.
 The plan for T-breds in New York has been made public. Aqueduct will close once the job is completed at Belmont. Saratoga and Belmont will race all the live dates.
 The smart money says, The State sells the Aqueduct property to Genting and they get one of the NYC gaming licenses .
I don't see a thing about what the State will do for harness. But, Olie is probably correct. There will be a couple harness tracks around to support the agricultural aspect of horse racing. Will Monticello be one?

bond

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Re: Will 3 NYC Casinos force Monticello to close
« Reply #20 on: January 20, 2024, 09:42:36 AM »

Im thinking Yonkers will be the only harness track around near NY city.Monticello not as confident-because the casino there--not as good as MGM Yonkers.

Yonkers is more viable because of the following "In 1899 ==Empire City Race Track for Standardbreds was constructed in Yonkers. William Clark the tracks founder died in 1900 and the track remained idle until 1907 when it was reopened for thoroughbred racing. In 1942 it was converted back to Harness racing and is commonly known as Yonkers Raceway."
Yonkers has a long History in NY State-and has a giant Casino owning it-and politically it makes sense to keep the employment of those people in the harness Industry and keep the associated Industries alive in NY State.The amount of money MGM makes and the costs associated with running a Harness meet--are a pittance of their yearly profits.

 

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