Author Topic: What does harness racing need---  (Read 13671 times)

0 Members and 1 Guest are viewing this topic.

Calhoun

  • Elite
  • ******
  • Posts: 15548
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: 2216
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: 22555
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: 2162
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 !
  • Trigger: Operation Epic Fury  ngc3  But it was about tanking stocks i.e. airline stock plummeted on 2/27, insider trading info execised by Trump, Bibi et al that middle east airspace was closing 2/28. You're all duped by crooks, and babies are dead.  Ya know nothing!
    Today at 01:52:38 AM
  • Trigger: Another WMD excuse, this fat orange blob better find those nukes.  Israel is run by republicans too, have gone bat shit crazy asshole.  2 criminals run both countries, lying is lightweight.  Better find those nukes otherwise the US is going to have monumental global problems!
    February 28, 2026, 08:15:58 PM
  • Ignorance Is Bliss: Off the books that is.... ngc3
    February 28, 2026, 06:48:22 PM
  • Ignorance Is Bliss: Turns out a quarter share owner of a horse only gets a quarter of a set of horseshoes as a souvenir, ask Calwho  ngc3
    February 28, 2026, 06:48:04 PM
  • Trigger: You hit your saver GI  tmbz1 , I've cursed another horse, Napoleon Solo.  Only $210 to ruin his life  ngc3
    February 28, 2026, 06:30:41 PM
  • GamblingIssues: I’m taking a break from cock for 3 weeks
    February 28, 2026, 06:21:49 PM
  • GamblingIssues: I’m going to commit my self into a nut house
    February 28, 2026, 06:21:34 PM
  • GamblingIssues: I can’t believe the 4 won that race. I thought the 6 was an easy winner.
    February 28, 2026, 06:21:17 PM
SimplePortal 2.3.7 © 2008-2026, SimplePortal