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Author Topic: Whom to Trust?  (Read 892 times)
farquarks
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« on: April 22, 2013, 05:25:40 PM »

Like many, I find the back and forth vitriole between Mike Campbell and AP/CDI to be enormously negative and counterproductive to the best interests of IL racing.

I don't post much to this forum so it may not be clear to some "where I'm coming from" in my question below so let me (re)state that AP is my favorite track to attend (being retired, ~70+ days/yr); I haven't been to Haw in 5 years but wager occasionally on their racing via internet; I don't trust ANY racino business model to be beneficial to the long term best interest of racing; I do not want a track monopoly on IL TB racing whether it be AP, Haw or some other entity; and finally I currently don't know who to believe (Campbell or AP) in the current war of words.

It should be simple enough to flush out the fraud, so I ask you all - on this specific question - Will the purses be significantly benefitted by the igaming /ADW bill that is in the IL legislature? Campbell says not at all. However, AP on their website says the following dated April 13,2013:

"............. We have supported an I-Gaming license for the ITHA.
Additional revenue generated from ADW providers and an I-Gaming license for the ITHA will provide revenues to flow to purses".

Whose lying? At this point in time I truly don't know. I'm sincerely asking for some objective feedback without the usual anti-AP or anti-Haw agendas.
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Mary Ann
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« Reply #1 on: April 22, 2013, 05:28:53 PM »

What I've seen is CDI/Arlington wants the ITHA to get their own internet gaming license, which would be separate from theirs, and each license would cost $20 million. The ITHA has said they can't afford that. Without it being a joint venture between the tracks and horsemen, you may see horse racing disappear from Illinois.
« Last Edit: April 22, 2013, 05:45:09 PM by Mary Ann » Report to moderator   Logged
faster horses
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« Reply #2 on: April 22, 2013, 05:33:26 PM »

It's Illinois, and it's politics, so they're all lying.
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The Turf Monster
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« Reply #3 on: April 22, 2013, 06:07:51 PM »

I think the back and forth is healthy for the sport in the state.  I'd prefer that both sides have enough interest to fight over it
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beobob
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« Reply #4 on: April 22, 2013, 06:13:28 PM »

The I-gaming piece is worth fighting over.  We need to get a piece of that revenue stream. They do seem to fight over some things that we don't have to.
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The Turf Monster
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« Reply #5 on: April 22, 2013, 06:23:51 PM »

The I-gaming piece is worth fighting over.  We need to get a piece of that revenue stream. They do seem to fight over some things that we don't have to.

From my perspective, an i-gaming license for the horsemen seems ideal from a horsemen's perspective.  What better way of ensuring that you don't fall victim to what happened in Ontario and Indiana?  You can't be cut out of the alternative revenue stream if you control that revenue stream
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honest & balanced terry
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« Reply #6 on: April 22, 2013, 06:25:58 PM »

What I've seen is CDI/Arlington wants the ITHA to get their own internet gaming license, which would be separate from theirs, and each license would cost $20 million. The ITHA has said they can't afford that. Without it being a joint venture between the tracks and horsemen, you may see horse racing disappear from Illinois.

It's hard to see how AP would go along with a percentage of the slots money for all these years and iterations of the bill, but when it comes to i-gaming, they put their foot down and say "get your own". The track would not be in consideration for slots OR i-gaming if not for their horseman partners who have helped put on the gambling show for so many years.

And can you imagine trying to get an organization as big and fluid as the ITHA licensed?
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"There are no $7500 maiden claimers, state-bred or otherwise, at Arlington."
jrstark
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« Reply #7 on: April 22, 2013, 06:27:36 PM »

And can you imagine trying to get an organization as big and fluid as the ITHA licensed?

Can a nonprofit get a license?
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honest & balanced terry
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« Reply #8 on: April 22, 2013, 06:28:15 PM »

From my perspective, an i-gaming license for the horsemen seems ideal from a horsemen's perspective.  What better way of ensuring that you don't fall victim to what happened in Ontario and Indiana?  You can't be cut out of the alternative revenue stream if you control that revenue stream

Maybe what the horsemen should do is try to get the slots license and i-gaming license awarded to them, build their own place, and the hell with Arlington. That would be even more ideal. The track can't cut you out of anything if you are the track.
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"There are no $7500 maiden claimers, state-bred or otherwise, at Arlington."
honest & balanced terry
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« Reply #9 on: April 22, 2013, 06:28:51 PM »

Can a nonprofit get a license?

City of Chicago is going to get one ...
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"There are no $7500 maiden claimers, state-bred or otherwise, at Arlington."
farquarks
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« Reply #10 on: April 22, 2013, 06:30:22 PM »

The I-gaming piece is worth fighting over.  We need to get a piece of that revenue stream. They do seem to fight over some things that we don't have to.

I agree with you Bob. I'm just a fan - I favor significantly larger purses to improve the quality of racing at both IL TB tracks. If what Mary Ann says is true i.e. the ITHA would have to pony up $20 Mil for their own license, then that makes AP's "support" rather disingenuous and specious. A Bill that mandates a fixed % off the top of all iwagering for purses is simple and somewhat insulated from the crooks in Springfield and the Casino wannabe tracks. Of course if this were to miraculously happen - the infighting would escalate over the fairness of the %.
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bnlong
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« Reply #11 on: April 22, 2013, 06:32:47 PM »

An I-gaming license would be worthless for the ITHA
 How could they posssibly compete against the ADW's Who already have internet infrastructure in place
along with all the other land based casinos also entitled to a license.
How did it go from we cant have to much additional gambling in IL.
to soon to be in everyones pocket on their smart phone and in everyones home via computer.
without legistlation to share with horseman the only horseman left in IL will be carriage drivers on Michigan ave.

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The Turf Monster
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« Reply #12 on: April 22, 2013, 06:37:11 PM »

I agree with you Bob. I'm just a fan - I favor significantly larger purses to improve the quality of racing at both IL TB tracks. If what Mary Ann says is true i.e. the ITHA would have to pony up $20 Mil for their own license, then that makes AP's "support" rather disingenuous and specious. A Bill that mandates a fixed % off the top of all iwagering for purses is simple and somewhat insulated from the crooks in Springfield and the Casino wannabe tracks. Of course if this were to miraculously happen - the infighting would escalate over the fairness of the %.

Why should Arlington/CDI throw down $20M to support the horsemen?  This goes 2 ways here.  
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The Turf Monster
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« Reply #13 on: April 22, 2013, 06:39:30 PM »

Where is Hawthorne and the harness tracks in all of this?  Who and what do they support?
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bnlong
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« Reply #14 on: April 22, 2013, 06:44:41 PM »

Why should Arlington/CDI throw down $20M to support the horsemen?
The question is why would Arlington/CDI be entitled to a license without the horseman?
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The Turf Monster
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« Reply #15 on: April 22, 2013, 06:58:52 PM »

Why should Arlington/CDI throw down $20M to support the horsemen?
The question is why would Arlington/CDI be entitled to a license without the horseman?

Why should casinos be entitled to a license?

The Illinois horsemen don't have a monopoly over gaming in the state, those days are long gone
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nmslim
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« Reply #16 on: April 22, 2013, 07:11:56 PM »

It's Illinois, and it's politics, so they're all lying.
Only when their lips are moving.
« Last Edit: April 22, 2013, 07:14:10 PM by nmslim » Report to moderator   Logged
nmslim
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« Reply #17 on: April 22, 2013, 07:12:47 PM »

The I-gaming piece is worth fighting over.  We need to get a piece of that revenue stream. They do seem to fight over some things that we don't have to.
All you need is 20 million big ones.
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beobob
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« Reply #18 on: April 22, 2013, 07:39:20 PM »

All you need is 20 million big ones.

The ITHA having its own license is not feasible.  We need a set % of the tracks' to go towards purses.
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Mary Ann
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« Reply #19 on: April 22, 2013, 08:26:54 PM »

I just added a new topic with an article about Arlington asking to vacate some racing dates.  In that Chicago Tribune article it says:

"In Springfield, proposed legislation on Internet gambling revenue shuts out horsemen's purses, unlike slot machine legislation, which include a portion of adjusted gross revenue. The Arlington track has stated on its website that it supports letting the ITHA have its own "I-Gaming license." But ITHA President Mike Campbell calls it a meaningless overture because the ITHA doesn't have the $20 million for an Internet license under the proposed law.

"We have no assets we're funded from purses," Campbell said. "How could we come up with $20 million?"
 
Campbell said legislative staff members have told him they doubt the ITHA would qualify for the license given its non-profit status."
« Last Edit: April 22, 2013, 10:14:57 PM by Mary Ann » Report to moderator   Logged
Ed
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« Reply #20 on: April 22, 2013, 08:29:55 PM »

Everybody wants a hand out. Nobody wants to compete. I'm sure the ITHA could find a partner with deep pockets - another established gaming company or Google or Yahoo or one of the commodity/stock or options exchanges come to mind. Maybe a for profit, public spin-off.
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Mary Ann
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« Reply #21 on: April 22, 2013, 09:33:36 PM »

Everybody wants a hand out. Nobody wants to compete. I'm sure the ITHA could find a partner with deep pockets - another established gaming company or Google or Yahoo or one of the commodity/stock or options exchanges come to mind. Maybe a for profit, public spin-off.

Maybe that's why Arlington was so gracious in being supportive of the ITHA getting their own license - they knew they couldn't get one.
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Tau Neutrino
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« Reply #22 on: April 23, 2013, 04:31:22 PM »

Maybe what the horsemen should do is try to get the slots license and i-gaming license awarded to them, build their own place, and the hell with Arlington. That would be even more ideal. The track can't cut you out of anything if you are the track.
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Dr. Mel
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« Reply #23 on: April 23, 2013, 04:50:10 PM »

I wonder how Fairmount Park is going to come up with the money for their I-Gaming license?
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farquarks
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« Reply #24 on: April 23, 2013, 10:30:47 PM »

I wonder how Fairmount Park is going to come up with the money for their I-Gaming license?

Good question (or Hawthorne for that matter). Maybe a personal loan from DD at a hefty vig.
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