Author Topic: What does harness racing need---  (Read 19530 times)

0 Members and 1 Guest are viewing this topic.

Calhoun

  • Elite
  • ******
  • Posts: 16030
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

  • Elite
  • ******
  • Posts: 2273
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

  • Living Legend
  • *******
  • Posts: 25097
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

  • Elite
  • ******
  • Posts: 2587
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 !
  • Sweet: G's lunch and dinner menu tomorrow  11.tb 11.bz
    Today at 07:18:23 PM
  • Sweet: Mouse  ngc3
    Today at 06:50:15 PM
  • Kirby's Ace: Booo. Don't be mad..I'll slip the door guard a 50 and he'll let me in the nursing home after 9. You want me to use the French Tickler tonight or just raw dog it like last time?
    Today at 06:18:58 PM
  • Sweet: Please don't come in my bedroom tonight again Grandpa Kirby  ngc3
    Today at 04:22:20 PM
  • Kirby's Ace: Tired of smelling cock on your breath!
    Today at 04:12:12 PM
  • Kirby's Ace: But this time I have one rule and its non negotiable. Stay out of the Gay bars!
    Today at 04:11:38 PM
  • Kirby's Ace: Boo. I'm so glad you've come back to me
    Today at 04:10:42 PM
  • Sweet: A plopper from delaware has 1/4 the value of another plopper and 1/2 the value of a BOT  ngc3
    Today at 03:15:04 PM
SimplePortal 2.3.7 © 2008-2026, SimplePortal