I have no plans to go, but NYRA making noises that it\'s possible that you might get shut out of last minute general admission tickets.
So, if you are sure you\'re going, better buy in advance.
They also just announced that they are adding 1,000 bleacher seats at the top of the stretch at $250.00 apiece and a hospitality tent in the clubhouse area at
$ 1,000.00 a head.
This must be the creation of the new \" chief experience \" officer!
Frank D.
You mean the new \"Chief [no] Experience [with Racing] Officer\".
Actually Kay sounded like he had a clue when he said that he was not necessarily
looking to set an attendance record but would rather that all who paid admission
were comfortable.
To maximize revenues, I would advise that NYRA have plenty of overpriced beer on
hand, make sure that the ATMs do not run out of money (like they did last year,
apparently, when they had less than 50,000 people in the house) and that there are
sufficient live tellers and SAM machines so that NYRA can cut into the large losses
it suffered in Q1 this year.
When can we expect your first long range Belmont weekend weather forecast?
Or they could take their cues from rock music festivals who have special festival experience viewing areas for $3k or more, and set up air conditioned tents with oversized couches, flat screen TV\'s, private bars, hot tubs, their own dedicated tellers and a concierge. How great would that have been at a Dead concert? Of course, back then, 3K was what I lived on for a year, and I wouldn\'t have been able to remember it the next day, anyway.
NYRA lost a staggering $10.2M in the first quarter from racing before adding in slot subsidies. Seems impossible that anyone would dare to take NYRA private or see it as a viable business investment.
Seems Gov Cuomo will have to continue to control NY Racing after 2015 even though it is common knowledge that he prefers racing to be out of his hair.Guess another group of politically appointed stooges in the bullpen waiting to come in and watch the game continue to lose ground.Too bad, game has a shot in NY with all the slot monies coming in.
from weather.com
Day Jun 7
Showers
77°F High
Showers
Chance of rain:
60%
Wind: SE at 8 mph
Roger,
It\'s a good thing you started with an overabundance of brain cells; because you have lost more than your share !!!! :)
Dog racing in Florida has seen their Revenues plunge nearly 70% in the past two decades. But even though nobody is watching the Dogs, operators are powerless to scale back their racing operations because Florida law requires them to operate 90% of the total races they ran before they opened their Poker Rooms. Poker Rooms are driving the bottom line.....
In Marion County a new operator is opening a Quarter Horse Track on a 55 acres of recently acquired land. A Quarter Horse Track? Taxation on traditional pari-mutual wagering activities ranges from 7.15% on Jai Alai to 5.5% on Dog Racing to 1% on Quarter Horse racing. Card Rooms are included....
So which Sport died first? Which is essentially dead? And which is experiencing a re-birth? States shouldn\'t be looking at their Operators and saying its your problem now fix it when its probably a problem they created for them themselves.....People want to gamble they just don\'t want to be ripped-off while they are attempting to do it.
Too early to tell on the Weather Forecast. Looks like rain right now but yesterday the earlier days Tues-Fri looked like cloudy and some rain and now they don\'t. It shifted to Saturday.....so its all moving around. Give it a few more days and Frank D will give the final report!!!
Guy\'s,
Relax on the weather its 10 days out so you just might as well look in the farmers almanac for the forecast. Although the odds are with rain as it seems it rains 5 days a week for the past month. After a brutal winter we have had an equally brutal spring of rain and cold.
I am tentatively going to be there that day and trust me its not by choice!!!!!
It\'s difficult to even imagine 100k plus in a monsoon crammed inside; there will be a riot.
Both Dania and Miami Jai Alai are casino driven now. Dania reduced their seating from around 2000 to about 100 this year. It\'s been dying a long slow death. Wish I could have seen the Miami fronton in the glory days.
I stopped in the Miami fronton 7 years ago for an afternoon card.
Couldn\'t buy a program, they said the ran out of them.
I don\'t know if there were 50 people in the seats.
Walked down and took a seat in the front row, took a minute to find a seat that wasn\'t torn up
Water was leaking from overhead pipes in the bathroom.
richiebee Wrote:
-------------------------------------------------------
> You mean the new \"Chief Experience Officer\".
>
> Actually Kay sounded like he had a clue when he
> said that he was not necessarily
> looking to set an attendance record but would
> rather that all who paid admission
> were comfortable.
>
> To maximize revenues, I would advise that NYRA
> have plenty of overpriced beer on
> hand, make sure that the ATMs do not run out of
> money (like they did last year,
> apparently, when they had less than 50,000 people
> in the house) and that there are
> sufficient live tellers and SAM machines so that
> NYRA can cut into the large losses
> it suffered in Q1 this year.
>
> When can we expect your first long range Belmont
> weekend weather forecast?
Per Weather Underground, as of now . . . 79 degrees, with 25% chance of rain during the day . . .
Top,
Get your Black Hawks going so we can have an original 6 final again this year!
Awesome game last night. Let\'s GO Rangers.
Silver Charm Wrote:
-------------------------------------------------------
>
> In Marion County a new operator is opening a
> Quarter Horse Track on a 55 acres of recently
> acquired land. A Quarter Horse Track? Taxation on
> traditional pari-mutual wagering activities ranges
> from 7.15% on Jai Alai to 5.5% on Dog Racing to 1%
> on Quarter Horse racing. Card Rooms are
> included....
>
Hmm. Marion County. Ocala.
You know Silver, the \"purse money\" at stake on some of these Feb./Mar./Apr.
1/8th mile and 1/4 mile breezes is quite considerable. In hundreths of
seconds, your rather modestly bred mustang has fetched a decent price.
Screw quarterhorse racing, where the most entertaining part of the race is
after the wire, these jocks trying to get the horse pulled up. But I digress.
I\'ll make it simple... let us bet on the works at these 2YO in training sales.
Of course, it would be optimal, in more ways than one, if the (ha) powers
that aren\'t in Racing pushed back 2YO racing a couple of months, pushed back
the sales a little bit. I mean we could all bet on 4 and 6 horse fields,
going 3f or 4f out of the gate. You would be betting off the catalogue page,
with riders ranging between 90 and 140 pounds.
There would be no need to provide purse money in these pari mutuel training
races, because no 2YO would be allowed to go through the auction ring without
having run in a training race.
The wagering public would have the chance -- maybe their only chance -- to
bet on some horseflesh which will never make the races for whatever reason.
Casino Giant and Malaysia-based Genting Group in 2011 bought the old Miami Herald site which rests right on Biscayne Bay next to one of the two main bridges to Miami Beach. The Miami Arena where the Heat play is directly south on the other side of that bridge. Genting is proposing building a $3.1B Casino on the location called Resorts World Miami.
As Lawmakers have waffled for 2 years Genting formed a Joint Venture with Gulfstream Racetrack in Hallandale to use one of the Race Track operators Pari-mutual permits to offer Casino Slots and Off-Track Wagering at Gentings property in Miami.
The debate of whether the Pari-mutual permit is based in Broward County (Gulfstream technically) or Dade County (Miami) might be moot. Calder initially ignored the State Law limits on 1 simulcast race a day and began taking Full Card Wagering regardless. After getting put over the knee of the State Board and spanked for being bad, the Legislature quickly passed Full Card legislation once they saw how much money it brought in, with one caveat, the Dogs and Jai-Lai get it too. Card Rooms came next....
Here you go Frank
http://www.almanac.com/weather/longrange/NY/Elmont
Calls for showers as well, too funny. T.
That is too funny!
Now all we need is a crystal ball for the superfecta because the over 16.5 on number of alcoholic beverages consumed by Richiebee at Living Room Downs that day is a lock.
FrankD. Wrote:
-------------------------------------------------------
> Top,
>
> Get your Black Hawks going so we can have an
> original 6 final again this year!
> Awesome game last night. Let\'s GO Rangers.
Get one, either way! . . . Game Two was the epic tragedy . . . tough to repeat in this league, especially with side bucking last-season postseason revenge . . . maybe the line-juggling helped, but Quick\'s a bear. #Vasko
Mike,
regarding the NYRA loss of $10 million.
are all the figures published for public consumption?
If so, what are the cash flows.
Cash flow a better indication of the health or sickness of an underlying business.
Companies that are capital and/or real estate intensive often have quite a bit of depreciation on the income statement.
Bob
Belmont,
Believe NYRA puts up quarterly results on website but did not look. Actually heard from a NYRA person, should be accurate.
Mike
Go about halfway through the link and the first quarter financials are reproduced.
http://www.nyra.com/assets/4/7/BOD_Meeting_Packet--May_28_2014_revised_with_CKK_report.pdf
Thanks for the link.
At quick glimpse, the quarterly loss was 1.202.085.
Depreciation expense --------------------1,179,125
Hence, based on depreciation alone, cash flows are about break even. About a $22,00 loss.
Not as dire as it looks.
Since you spurred my interest, I will try to get a hold of their complete reports and do a bit of work on them.
Bob
Bob,
It\'s far more dire than it looks, sans slot subsidies. Gov Cuomo has signaled that he would not insist on NYRA operating without subsidies but politicians are known to change like the weather.Without subsidies,NYRA is financially dying now given pension liability,a host of issues including unfunded vital capital projects and unsettled union contracts.
Several interested parties commissioned consultants to look at the viability of offering to take NY racing private, not one came back a \"buy\"
Would love to see your financial analysis of the numbers without ongoing slot subsidies.If they make any sense going forward, maybe we can put a group together to buy the joint and rescue it from the Clueless Clowns and politically appointed stooges!
Mike