Author Topic: What does harness racing need---  (Read 7448 times)

0 Members and 1 Guest are viewing this topic.

Calhoun

  • Elite
  • ******
  • Posts: 14558
Re: What does harness racing need---
« Reply #60 on: December 10, 2023, 07:26:35 PM »
At Pocono Downs, I don't think Mohegan Sun owns the race related property such as the track and the paddock and they don't own the gambling license which is why they can't dump racing.
I don't think that is correct.  I believe Mohegan
 Sun bought the track from Penn National in 2005 for $280 Million.

https://www.casinocitytimes.com/news/article/mohegan-sun-reports-mixed-results-150362

(8th, or so, bullet point)

Stan durbread

  • Stakes Horse
  • *****
  • Posts: 1591
Re: What does harness racing need---
« Reply #61 on: December 10, 2023, 07:50:49 PM »
That is not how it works in PA. The horse racing development fund is a tax on slots play. The government decides what the money is used for. PA has a bunch of stand alone casinos and the harness tracks are owned by the casino companies. PA has already tried to divert the money. They just need a few more votes in the legislature.
The newer stand alone casinos came later on and they all had to pay a huge licensing fee. If I remember right it was 100 million up front to even get started

rainman2

  • Elite
  • ******
  • Posts: 20850
Re: What does harness racing need---
« Reply #62 on: December 10, 2023, 08:38:46 PM »
The newer stand alone casinos came later on and they all had to pay a huge licensing fee. If I remember right it was 100 million up front to even get started

Look what New York States charges for licensing fees!!  What a bargain!!

MIKE CAMPBELL

  • Stakes Horse
  • *****
  • Posts: 1572
Re: What does harness racing need---
« Reply #63 on: December 10, 2023, 09:47:28 PM »
I don't think that is correct.  I believe Mohegan
 Sun bought the track from Penn National in 2005 for $280 Million.

https://www.casinocitytimes.com/news/article/mohegan-sun-reports-mixed-results-150362

(8th, or so, bullet point)
Maybe I got it wrong but the PHHA told me that Mohegan Sun owns everything but the actual track, paddock and gaming license. The grandstand, parking lot and surrounding property are all owned by Mohegan Sun.

Generation XYZ

  • Elite
  • ******
  • Posts: 3573
  • HARNESS RACING IS DEAD, CALL THE CORONER!
Re: What does harness racing need---
« Reply #64 on: December 10, 2023, 11:06:05 PM »
Maybe I got it wrong but the PHHA told me that Mohegan Sun owns everything but the actual track, paddock and gaming license. The grandstand, parking lot and surrounding property are all owned by Mohegan Sun.

That sounds about right
Pay to Play, Play to Win!

 

shout out

Refresh History
  • Sound off !
  • Calhoun: God Bless you, Uncle Jerry. Welcome back.
    September 27, 2024, 11:34:09 AM
  • Unclejerry: Lets Move To Mohawk for final 3
    September 26, 2024, 09:52:40 PM
  • Unclejerry: R7 Flamboro another Superfecta $66.45
    September 26, 2024, 08:44:18 PM
  • Unclejerry: Uncle Jerry Gives out $115.10 Trifecta at Flamboro
    September 26, 2024, 08:07:12 PM
  • Unclejerry: Does anyone know a website where people talk and share actual bets?
    September 26, 2024, 07:57:21 PM
  • Unclejerry: Uncle Jerry just gave out a $156.20 Super in R1 at Flamboro
    September 26, 2024, 06:47:08 PM
  • London: Another fkn scumbag
    September 25, 2024, 05:31:08 PM
  • Passion: Frederick bourgault
    September 25, 2024, 04:03:04 PM
SimplePortal 2.3.7 © 2008-2024, SimplePortal