![Without Corporate Welfare, NYRA (NY Thoroughbred Racing) Is Failing]()
by Patrick Battuello | Jun 15, 2016 | Horseracing Business, Racinos: Corporate Welfare
Highlights from a recent report by the New York State Comptroller’s Office: In October 2011, Resorts World New York City Casino (Resorts) opened adjacent to Aqueduct Racetrack. According to NYRA’s Franchise Agreement (Agreement), a percentage of Resorts’ Video...
by Patrick Battuello | Apr 4, 2016 | Horseracing Business, Racinos: Corporate Welfare, Recommended, Tracks
From the Les Bois Park website: Dear Les Bois Park Fans, As you may be aware, we will be closing our Turf Club Bar & Grill and Simulcast Facility, effective end of day on Sunday, March 20th. After being granted the simulcast license in December, Treasure Valley...
by Patrick Battuello | Oct 8, 2015 | Racinos: Corporate Welfare, Recommended, Slaughter
Fact: If not for the corporate welfare it receives in the form of slots revenue, much of American racing would collapse. Particularly hard hit would be the harness end. Currently, there are 14 harness tracks in NY, Ohio, and Pennsylvania. In my estimation, all 14...
by Patrick Battuello | Sep 15, 2015 | Casualties, Racinos: Corporate Welfare
Monday is one of America’s two lightest racing days, with only a handful of tracks live. Now with that as background, consider what happened yesterday: Three horses were ambulanced off at “The Downs Racetrack & Casino” (New Mexico); two at...
by Patrick Battuello | Sep 10, 2015 | Racinos: Corporate Welfare
The Associated Press recently ran a story on racino subsidies (our previous posts on the subject) for the racing industry, explaining how these subsidies translate to corporate welfare for an inexorably declining industry. (This decline has two root causes:...
by Patrick Battuello | Nov 11, 2014 | Racinos: Corporate Welfare, Tracks
The Paulick Report (11/7) says that Oaklawn Park has received a record number of stall applications for the upcoming meet (Jan 9th). The reason: a record amount of available purse money ($23 million). On the surface, all seems rosy in Arkansas. But… Oaklawn is a...
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