Jeff Gural on losing money on racing at the Meadowlands

[M P]

You mean the same Rudy Giuliani that took down the mob? Dumb motherfucker got rid of the mob now look what you have… fucking soul city gone wild DUMMY! Aren’t you due to get back to Goshen peanut eater? Speaking of peanuts it’s too bad you never got to eat the peanuts out of Edita’s azzzz like you wanted too…

Can't quite focus can you. Rudy wanted to rid the city of mooches like you people in harness racing who continue to take from others to avoid having to work like decent people do. Not abuse and kill horses "MF Training Center and Equine Elimination Services" while the states and taxpayers pay for it. Ya know, welfare recipients. And didn't you say you met her? Didn't you say you spoke with her? Right. Another delusion. Drives you nuts that as hard as cretins like you try, not once have you stopped me or been correct. Now I just stand over the top of you and laugh. 

[Grandstand Handicapper]

I am glad Gural took over the Meadowlands. Was his motive to make a profit? Absolutely. He's supposed to want that. I hoped from moment one he made a profit. Huge profits. Was another motive to get a casino? Absolutely. I am glad one of his motives was to get a casino. It's supposed to be one of his motives. I hope he gets it and I hope he's that casino is the only game in town for a substantial period of time. I hope he's wildly successful, beyond anyone's imagination. Why? Because he is the only owner/operator in the sport and in the industry that will allocate dollars back into the racing side of the business. Rooney didn't. Stronach for the most part didn't. Delaware North, Penn Gaming, and all the others didn't. What about the casino companies? Every single one of them, once they could decouple, they would be out of the racing business before you could even blink. I've made my living at the Meadowlands since they day they opened, owning horses and betting on them. For selfish reasons, I want to see Gural succeed. As a lifelong owner, and fan of the sport, and of the industry, I want to see Gural succeed. I only wish he was 30 years younger.

Do I have any problem with

[Grandstand Handicapper]

I am glad Gural took over the Meadowlands. Was his motive to make a profit? Absolutely. He's supposed to want that. I hoped from moment one he made a profit. Huge profits. Was another motive to get a casino? Absolutely. I am glad one of his motives was to get a casino. It's supposed to be one of his motives. I hope he gets it and I hope he's that casino is the only game in town for a substantial period of time. I hope he's wildly successful, beyond anyone's imagination. Why? Because he is the only owner/operator in the sport and in the industry that will allocate dollars back into the racing side of the business. Rooney didn't. Stronach for the most part didn't. Delaware North, Penn Gaming, and all the others didn't. What about the casino companies? Every single one of them, once they could decouple, they would be out of the racing business before you could even blink. I've made my living at the Meadowlands since they day they opened, owning horses and betting on them. For selfish reasons, I want to see Gural succeed. As a lifelong owner, and fan of the sport, and of the industry, I want to see Gural succeed. I only wish he was 30 years younger. He has also done more than any other owner/operator in the industry in the fight against cheaters.

Do I have any problem with Gural? Absolutely. I had hoped he'd be more strict with banning people. I still hope he will. No one is bigger than the business. No one is bigger than the sport. Throw out every cheater. The pain in the short-term will be brief, and it will avoid the suffering and the damage in the long-term. Gural should be more transparent with who he throws out and why, and more importantly, who he doesn't throw out and why. When the buck, the BS, and everything stops at your desk, you are always going to get bloody, and you are never going to please everyone.

[Papillon]

I am glad Gural took over the Meadowlands. Was his motive to make a profit? Absolutely. He's supposed to want that. I hoped from moment one he made a profit. Huge profits. Was another motive to get a casino? Absolutely. I am glad one of his motives was to get a casino. It's supposed to be one of his motives. I hope he gets it and I hope he's that casino is the only game in town for a substantial period of time. I hope he's wildly successful, beyond anyone's imagination. Why? Because he is the only owner/operator in the sport and in the industry that will allocate dollars back into the racing side of the business. Rooney didn't. Stronach for the most part didn't. Delaware North, Penn Gaming, and all the others didn't. What about the casino companies? Every single one of them, once they could decouple, they would be out of the racing business before you could even blink. I've made my living at the Meadowlands since they day they opened, owning horses and betting on them. For selfish reasons, I want to see Gural succeed. As a lifelong owner, and fan of the sport, and of the industry, I want to see Gural succeed. I only wish he was 30 years younger.

Do I have any problem with

Huh?

the state of New Jersey subsidizes purses-Gural pays nothing to purses

unless you are referring to him being an owner

[Papillon]

In compliance with the state purse subsidy agreement, the Meadowlands receives $6 million a year for overnight purses, only. Racing 92 days this year gives you about
$65,000 a night on a common 14 race card.
The 3.5 million in total wagering equates to about $92,000 a night . So, the overnight purses distributed on a 14 race card is about $11.500.00 a race.
 Now these figures don't include rebates of off track wagers. I have no clue as to what they may be.
Accepting these figures as true or close to true, I don't doubt there are many Jeffery dollars in the purses. Be it overnights or stake races.

You are drastically under estimating how much of the handle gets rebated

over half of his handle is CAW -rebated at at least 8-10% or more

[M P]

You are drastically under estimating how much of the handle gets rebated

over half of his handle is CAW -rebated at at least 8-10% or more

Walk in any paddock and ask horsemen how much of a handle the track actually keeps and 80% will say all of it.

[The Exporter]

You are drastically under estimating how much of the handle gets rebated

over half of his handle is CAW -rebated at at least 8-10% or more

As I say , I have know idea what the rebate figures are. So, what do you believe is a more realistic figure for a bottom line % of off track handle to purses?

[Papillon]

As I say , I have know idea what the rebate figures are. So, what do you believe is a more realistic figure for a bottom line % of off track handle to purses?

good question

if the rebate is around 10% and half his $3.5 mil is rebated--thats about $175k a night goes back to CAWs

all rough estimates of course-its probably more than half his handle is CAW

the 10% rebate numper i am fairly sure is close to reality

on track live handle is less than $50k-but i could easily be wrong-havent been there in 9 years

[Lar4400]

The Meadowlands Racetrack is the gold standard of harness racing and has always been. Thx to Jeff Gural for his incredible contribution to keep this Mecca facility in business.
The show that this track puts on every fri and sat night is2nd to no others.
Great live handicappers on set, horseman interviews in paddock.
It will be a sad day for harness racing and its remaining fans when Jeff G decides to no longer support this amazing racetrack.
Stop the hating and all the trying to figure out his motivations and start appreciating what the Meadowlands has always represented, simply the best, always has been.

[Papillon]

The Meadowlands Racetrack is the gold standard of harness racing and has always been. Thx to Jeff Gural for his incredible contribution to keep this Mecca facility in business.
The show that this track puts on every fri and sat night is2nd to no others.
Great live handicappers on set, horseman interviews in paddock.
It will be a sad day for harness racing and its remaining fans when Jeff G decides to no longer support this amazing racetrack.
Stop the hating and all the trying to figure out his motivations and start appreciating what the Meadowlands has always represented, simply the best, always has been.

Times have changed--other than stakes season-the place is a joke

as far as Gural--he thought he would get a casino-plain and simple-and it wont happen

so he gets credit for "contributions" when the state of NJ gives him $6 million a year for purses

[pocketrocketwinner]

You are drastically under estimating how much of the handle gets rebated

over half of his handle is CAW -rebated at at least 8-10% or more

Can you tell us how you know over half the handle is CAWs?
Through all the comprehensive reporting in the thoroughbreds, nothing was found to be at that percentage, even considering the largest ones

[Papillon]

Can you tell us how you know over half the handle is CAWs?
Through all the comprehensive reporting in the thoroughbreds, nothing was found to be at that percentage, even considering the largest ones

look up how much DelMar and Santa Anita handle from Elite Turf Club

its more than half their handle

the entire industry is around 50% handle from CAWS--why would M1 be any different?

[Papillon]

https://www.google.com/search?q=About+https://www.horseraceinsider.com/computer-assited-wagering-and-rebates-will-put-an-end-to-horse-racing/&tbm=ilp&sa=X&ved=2ahUKEwiwjbGPvM-GAxX5NlkFHd7VDaUQv5AHegQIABAC

[pocketrocketwinner]

look up how much DelMar and Santa Anita handle from Elite Turf Club

its more than half their handle

the entire industry is around 50% handle from CAWS--why would M1 be any different?

So you have no first hand knowledge? Your over 50% number at the meadowlands is based on what Elite players do on t-breds? I was hoping for facts. Not conjecure. . Elite CAWs aren't at the meadowlands. Also, there has never been publicly accessing information made available that shows the average is over 50%. If you have that source please share.

[PIGLAND]

I am glad Gural took over the Meadowlands. Was his motive to make a profit? Absolutely. He's supposed to want that. I hoped from moment one he made a profit. Huge profits. Was another motive to get a casino? Absolutely. I am glad one of his motives was to get a casino. It's supposed to be one of his motives. I hope he gets it and I hope he's that casino is the only game in town for a substantial period of time. I hope he's wildly successful, beyond anyone's imagination. Why? Because he is the only owner/operator in the sport and in the industry that will allocate dollars back into the racing side of the business. Rooney didn't. Stronach for the most part didn't. Delaware North, Penn Gaming, and all the others didn't. What about the casino companies? Every single one of them, once they could decouple, they would be out of the racing business before you could even blink. I've made my living at the Meadowlands since they day they opened, owning horses and betting on them. For selfish reasons, I want to see Gural succeed. As a lifelong owner, and fan of the sport, and of the industry, I want to see Gural succeed. I only wish he was 30 years younger.

Do I have any problem with

well said