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Author Topic: Yonkers Explanation  (Read 2583 times)
njhorseman
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« Reply #25 on: December 13, 2006, 09:57:01 AM »

Why lie and say it was a "computer glitch"? The answer is simple:

Yonkers Raceway has been open for about a months after under going an 18-month, $250 million dollar renovation and they have to cancel their biggest card of the week cause they cant turn on some of the lights.

Thats an embarrassment. Now do you make yourself look more stupid and say that the track's ancient lighting system that you failed to upgrade much less replace during that $250 million renovation failed ... or do you save face and give some vague answer like "computer glitch" where nobody would think twice of it ... unless you are one of the few to have been to Yonkers and can actually see how poor the racing side of the place looks.

You ask why does it matter? Because its an issue of honesty and integrity with them. That probably makes me old fashioned and a member of a small minority but things like that bother me.

Buffalo:

Anyone who expected Yonkers managment to spend one dime more than they had to on the racing side of the house has to be laboring in some delusional world (and I doubt you are). There was no economic incentive for them to do so, nor was there any legal or contractual obligation for them to do so.

They had one goal, and one goal only...to get the casino open ASAP. All they had to do on the racing side was to satisfy whatever minimal (and we all know they would definitely be minimal) requirements the NYSRWB would impose in order to get a racing license.

Is "computer glitch" any more or less vague than "electrical system malfunction?"
« Last Edit: December 13, 2006, 10:41:19 AM by njhorseman » Report to moderator   Logged
theiman
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« Reply #26 on: December 13, 2006, 11:05:11 AM »

Buffalo:

Anyone who expected Yonkers managment to spend one dime more than they had to on the racing side of the house has to be laboring in some delusional world (and I doubt you are). There was no economic incentive for them to do so, nor was there any legal or contractual obligation for them to do so.

They had one goal, and one goal only...to get the casino open ASAP. All they had to do on the racing side was to satisfy whatever minimal (and we all know they would definitely be minimal) requirements the NYSRWB would impose in order to get a racing license.


Is "computer glitch" any more or less vague than "electrical system malfunction?"

How many times has Yonkers had to cancel races for light problems prior to the casino?

Please read the article on Remington Park at this link. I know it is a T-Bred track but the results are astounding.
http://www.thoroughbredtimes.com/search/searchdetail.asp?RecordNo=68062&Section=1

I want you to see what a casino at a track can do when it works with the track so that both can succeed.

I e-mailed the GM--Scott Wells to ask why the increases in the on track handle?
He told me that when creating the slots area the track management insisted that some of the slots had a direct view of the racetrack. Remington runs nights. When the horses come on the track for the first race they open the curtains to the casino and the track and everyone can see the racetrack and what is happening. He said this has spurred interest in people wagering. In addtion, they mail betting vouchers to casino club members. The voucher size is determined based on the casino action you play. More play, bigger voucher. He would not tell me the size of the vouchers. We are talking about a track in Oklahoma City.

Yonkers and all racino managements should contact Mr. Wells. Perhaps this case is the exception, so far it seems to be an idea where it is win win for horses and Casino mangement.

If management cared you "might" find similar results.
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edwardwilliam
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« Reply #27 on: December 13, 2006, 11:08:30 AM »

How many times has Yonkers had to cancel races for light problems prior to the casino?

Please read the article on Remington Park at this link. I know it is a T-Bred track but the results are astounding.
http://www.thoroughbredtimes.com/search/searchdetail.asp?RecordNo=68062&Section=1

I want you to see what a casino at a track can do when it works with the track so that both can succeed.

I e-mailed the GM--Scott Wells to ask why the increases in the on track handle?
He told me that when creating the slots area the track management insisted that some of the slots had a direct view of the racetrack. Remington runs nights. When the horses come on the track for the first race they open the curtains to the casino and the track and everyone can see the racetrack and what is happening. He said this has spurred interest in people wagering. In addtion, they mail betting vouchers to casino club members. The voucher size is determined based on the casino action you play. More play, bigger voucher. He would not tell me the size of the vouchers. We are talking about a track in Oklahoma City.

Yonkers and all racino managements should contact Mr. Wells. Perhaps this case is the exception, so far it seems to be an idea where it is win win for horses and Casino mangement.

If management cared you "might" find similar results.

SUPER post.

Best,
EW
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tonymfan
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« Reply #28 on: December 13, 2006, 12:19:18 PM »

How many times has Yonkers had to cancel races for light problems prior to the casino?

Please read the article on Remington Park at this link. I know it is a T-Bred track but the results are astounding.
http://www.thoroughbredtimes.com/search/searchdetail.asp?RecordNo=68062&Section=1

I want you to see what a casino at a track can do when it works with the track so that both can succeed.

I e-mailed the GM--Scott Wells to ask why the increases in the on track handle?
He told me that when creating the slots area the track management insisted that some of the slots had a direct view of the racetrack. Remington runs nights. When the horses come on the track for the first race they open the curtains to the casino and the track and everyone can see the racetrack and what is happening. He said this has spurred interest in people wagering. In addtion, they mail betting vouchers to casino club members. The voucher size is determined based on the casino action you play. More play, bigger voucher. He would not tell me the size of the vouchers. We are talking about a track in Oklahoma City.

Yonkers and all racino managements should contact Mr. Wells. Perhaps this case is the exception, so far it seems to be an idea where it is win win for horses and Casino mangement.

If management cared you "might" find similar results.

The story looks misleading.

It says the biggest handle gains came from simulcast export. That doesn't have much to do with a casino! The on track handle increase wasn't that much. It went up the same amount as at Oklahoma OTB's. Also not much to do with casino.

Bigger field size maybe helped handle and higher purses maybe horse quality. 17% most likely. Likely find there was something else behind the big simulcast jump. Maybe Remington was shown in California or New York this year. iman did you ask the GM why the huge increase in simulcast handle?

iman one other question. Do you work for Magna or hrtv? 
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edwardwilliam
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« Reply #29 on: December 13, 2006, 12:34:15 PM »

The story looks misleading.

It says the biggest handle gains came from simulcast export. That doesn't have much to do with a casino! The on track handle increase wasn't that much. It went up the same amount as at Oklahoma OTB's. Also not much to do with casino.

Bigger field size maybe helped handle and higher purses maybe horse quality. 17% most likely. Likely find there was something else behind the big simulcast jump. Maybe Remington was shown in California or New York this year. iman did you ask the GM why the huge increase in simulcast handle?

iman one other question. Do you work for Magna or hrtv? 

Do the OK parlors include the rebate shops run from the reservations?

Best,
EW
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theiman
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« Reply #30 on: December 13, 2006, 12:43:45 PM »

Dont work for either.
I do not like the business model of TVGreed of fees for wagers and videos. Every $ that is taken away by fees is money that never makes it to the pools for wagers. Thus that money never has a chance to be recycled into more wagers. Handle has a direct result on purses. Bigger purses attract more and higher quality horses. Add up $20 a month and $6 a month for wagers and fees by the many who use it and that money never sees the horsemans pockets.  


Remington's on-track live handle increased 17.7% to $5,337,990

That is an astounding increase. Tracks are very happy with a 2-3% increase, to get 17% "on track" is light years better than anybody else.

California does not take Remington, except for quarter horse simos from Los AL
California tracks and OTB's are limited to 20-25 simo races during the day card. We do not take full card simos from out of state(except KY Derby Preakness Belmont and BC).
The night racing is limited to 12 races. That is 6 simos for Los Al and 6 for Cal Expo. On Wed when Los Al is  dark Cal Expo can take 12 races and the same on Sundays when Los Al runs and Cla Expo is dark. Thus California did not bet into the Remington tracks. I am talking about at track and OTB facilities. I can bet Remington from home from California thru Expressbet.

I think the point is the track made sure the Casino players had an opportunity to see horse racing that they may not have done without slots. By playing the slots they were given vouchers as incentives to play the horses and show interest in the sport. It is cooperation of working together to make "BOTH" succeed. Not the horseman living off the profits off of one. Nor needing an existing track to open a Casino.
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njhorseman
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« Reply #31 on: December 13, 2006, 02:08:48 PM »

How many times has Yonkers had to cancel races for light problems prior to the casino?

Please read the article on Remington Park at this link. I know it is a T-Bred track but the results are astounding.
http://www.thoroughbredtimes.com/search/searchdetail.asp?RecordNo=68062&Section=1

I want you to see what a casino at a track can do when it works with the track so that both can succeed.

I e-mailed the GM--Scott Wells to ask why the increases in the on track handle?
He told me that when creating the slots area the track management insisted that some of the slots had a direct view of the racetrack. Remington runs nights. When the horses come on the track for the first race they open the curtains to the casino and the track and everyone can see the racetrack and what is happening. He said this has spurred interest in people wagering. In addtion, they mail betting vouchers to casino club members. The voucher size is determined based on the casino action you play. More play, bigger voucher. He would not tell me the size of the vouchers. We are talking about a track in Oklahoma City.

Yonkers and all racino managements should contact Mr. Wells. Perhaps this case is the exception, so far it seems to be an idea where it is win win for horses and Casino mangement.

If management cared you "might" find similar results.

Remington Park isn't the only racetrack to show increased handle after slots came in. Dover Downs certainly did, and even places like Saratoga and Monticello, which did not integrate the slots and racing very well still increased their handle. All that is well and good, but has nothing to do with my point.

If you compare the financial benefit to the track owners from having the slots, versus what they gain from a 10 or 15 or 20% increase in handle, you'll understand why the handle is chump change relative to the slot revenue...even more so at a place like Yonkers, which is a short drive from the homes of 10 million or more people, many of whom already travel to Atlantic City or Connecticut to play in the casinos, but few of whom have even the slightest interest in horse racing. Add in the facts that Yonkers had been closed for almost 18 months, was $250 million in the hole for the casino construction project, and had been on its financial hands and knees for years, and it becomes clear why the money was put into the casino and not the racetrack. I'm not handing out any medals for their doing it that way, but why it would surprise anyone is beyond me.
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tonymfan
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« Reply #32 on: December 13, 2006, 02:42:25 PM »

Remington's on-track live handle increased 17.7% to $5,337,990

That is an astounding increase. Tracks are very happy with a 2-3% increase, to get 17% "on track" is light years better than anybody else.

Any increase would of been big. Total handle was tiny to begin!

Wonder how much of the increased handle was due to their own vouchers? LOL!

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tonymfan
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« Reply #33 on: December 13, 2006, 02:45:47 PM »

Do the OK parlors include the rebate shops run from the reservations?

Don't know the answer to that. It would be strange for a rebate big hitter to play Remington Park. Pools not big enough.
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