What most NY citizens do not know, by design, is that Video Lottery Terminals (VLTs), or slots, directly subsidize the state’s racing industry. Here’s how it works: As a condition for securing VLT licenses, track owners are required to continue…
Although I’d rather not keep hammering an issue that the average person cares (and knows) little about, the racino question is simply too important to ignore. Here is the indisputable fact: While some races (TC, BC) and some meets (Saratgoa)…
Just to be clear, again, funneling a portion of racino slots money into purses and breeding is corporate welfare. Sure, the horse people call it a “state-business partnership.” But as the saying goes, it is what it is, and here…
Sunday’s Akron Beacon Journal tells an all-too-familiar tale (New York, West Virginia, Indiana, etc.) of a “drying up” racing industry being propped by the corporate welfare that is euphemistically referred to as a “state-business partnership.” It goes something like this:…
This site is occasionally rebuked – by the racers, of course – for almost exclusively focusing on “bad news.” To which, I ask, have they read our “about” statement? In any event, I am not at all interested in hearing…
Illinois horseracing has been in a precipitous decline (hanging by a thread, really) since the first riverboat casinos were christened in 1991. But the horsemen refuse to quietly fade away. Invoking their supposedly rich tradition and incessantly warning of economic…
The New York Racing Association reports a half-year (ending June ’13) operating loss from racing operations of $10.3 million. But when the Resorts World Casino (at Aqueduct) slots money is factored in, that loss magically becomes an $8.2 million gain.…
