Probe of NYRA execs may be launched - NYRA may lose slots subsidies

[PaceAdvantage]

Originally Posted by thaskalos

Yes...

It's the internet NYRA sympathizers who have their thumbs on the pulse of this game...

At the very least, they're usually the ones armed with facts rather than media-driven opinions...they're closer to the action and often know intimate details of what is going on compared to those who get their info solely from reporters who rarely if ever leave the confines of the pressbox....

Who do you think would take a more accurate pulse given the above?

[thaskalos]

Originally Posted by OTM Al

Maybe you finally got one right since we realize that a corrupt government (almost redundant itself...) takeover of an organization that is supplying 30% of the national handle and that has no interest in racing whatsoever other than what it can extract may not be an upgrade. We know this because we are well aware of the impediments this same government has put in place to prevent improvements for the player, the animals, and everyone else involved, some of which the internet intelligencia has never even heard of because they got killed so fast. How much do you think NYRA lost this month alone due to the fact that the state continues to block it's efforts to bring back a stream lined NYC OTB system even though NYRA is legally permitted to do so? Not going to even go into the 10 year odyssey of the slots franchise. Any benefits players get from this takeover are very likely to be cooincidental.

I've only lived in Chicago for 40 years, and have seen 3 of our governors go to jail...so of course I need New Yorkers to teach me about government corruption.

Does the corruption within the state of NY fully excuse NYRA for the scandals that they themselves have been mired in for years?

Can you point me to even one anti-NYRA post that you have submitted here during NYRA's scandal-ridden tenure?

If you are not fair and unbiased on this...then what's the use of talking to you?

[Tom]

You mean the NYRA bashers?

You think you have a higher moral ground because you have some hidden agenda? Guess again. I guess the founding fathers were terrorist apologists by your criteria.

[Tom]

Does the corruption within the state of NY fully excuse NYRA for the scandals that they themselves have been mired in for years?

Listen to Byk's show - Wed, hour 2 - Seth from Equidaily.
Like I told Bobby, a few facts never hurt anyone.
You lack some key ones here.

[Robert Goren]

Originally Posted by MadWorld

Only NYYRA's handle has been going up

NY racing is the first phase of slot fueled purses. The handle always goes up in the first few years. At about five years out , it starts to fall. That is pattern. Of course, at no point have I heard any one say that the the revenue from the take out was equal to or more than the money spent on increasing the purses. That includes NYRA. If somebody has numbers that show revenue from takeout has out paced the increase to purses, I will gladly change my mind.

[aaron]

Originally Posted by OTM Al

Maybe you finally got one right since we realize that a corrupt government (almost redundant itself...) takeover of an organization that is supplying 30% of the national handle and that has no interest in racing whatsoever other than what it can extract may not be an upgrade. We know this because we are well aware of the impediments this same government has put in place to prevent improvements for the player, the animals, and everyone else involved, some of which the internet intelligencia has never even heard of because they got killed so fast. How much do you think NYRA lost this month alone due to the fact that the state continues to block it's efforts to bring back a stream lined NYC OTB system even though NYRA is legally permitted to do so? Not going to even go into the 10 year odyssey of the slots franchise. Any benefits players get from this takeover are very likely to be cooincidental.

I have not agreed with you many times,but in my opinion this is your best post.You really summed up what has been going on for years. I have never thought NYRA was a competent organization,but now that racing is in the government's hands,we can only hope for the best.
I doubt we will ever see NYRA and all the OTB's in the state under one umbrella. I believe that should be the first step. Also,create a NYC OTB in that umbrella.
A lot of the problems go back so many years. NYRA selling its signal too cheap is a big problem,but is probably unfixable.As you said,the 10 year odyssey of the slot franchise was ridiculous. Not taking charge of OTB at its inception was probably the biggest mistake. How do you fix all these failures ? I don't know and there is a good chance no one knows.

[thaskalos]

Originally Posted by Tom

You mean the NYRA bashers?

You think you have a higher moral ground because you have some hidden agenda? Guess again. I guess the founding fathers were terrorist apologists by your criteria.

Funny...

When I was venting against California Racing because of their takeouts...nobody accused me of having a "hidden agenda".

I am not anti-NYRA or anti-CHRB...I am pro-horseplayer.

If you intentionally hurt the player...then I am against you.

Plain and simple...

[jelly]

The Good Old Days.




NYRA reduces some pari-mutuel takeout rates

Posted: Tuesday, June 24, 2003.





For the second time in three seasons, the New York Racing Association has reduced the takeout on wagers involving its races.

Beginning July 2 at Belmont Park, NYRA will reduce the takeout on win, place, and show wagering from 14% to 13%. On the Travers Stakes (G1) alone last year—when Saratoga Race Course handled $2,193,323 in the win, place, and show pools—that reduction would have meant an increase of $21,933 returned to bettors.

NYRA also will reduce the takeout on two-horse wagers (daily double, exacta, and quinella) from 17.5 to 17%.

"I have always believed that lower takeout is good for both the fans and those of us who benefit from the handle," NYRA Chairman Barry Schwartz said. "What we have done now is make the lowest takeout in the nation even lower. It's a win-win situation for all involved."

Since NYRA reduced its takeout beginning with the 2001 Saratoga Race Course meet, bettors have received an additional $72-million in payouts while in 2002, NYRA handled $223-million more than in 2000.

"Governor [George] Pataki has asked us to try to increase our handle and this has always been the most effective way of achieving that goal," Schwartz concluded.

http://www.thoroughbredtimes.com/nat...out-rates.aspx

[FenceBored]

Originally Posted by jelly

The Good Old Days.




NYRA reduces some pari-mutuel takeout rates

Posted: Tuesday, June 24, 2003.





For the second time in three seasons, the New York Racing Association has reduced the takeout on wagers involving its races.

Beginning July 2 at Belmont Park, NYRA will reduce the takeout on win, place, and show wagering from 14% to 13%. On the Travers Stakes (G1) alone last year—when Saratoga Race Course handled $2,193,323 in the win, place, and show pools—that reduction would have meant an increase of $21,933 returned to bettors.

NYRA also will reduce the takeout on two-horse wagers (daily double, exacta, and quinella) from 17.5 to 17%.

"I have always believed that lower takeout is good for both the fans and those of us who benefit from the handle," NYRA Chairman Barry Schwartz said. "What we have done now is make the lowest takeout in the nation even lower. It's a win-win situation for all involved."

Since NYRA reduced its takeout beginning with the 2001 Saratoga Race Course meet, bettors have received an additional $72-million in payouts while in 2002, NYRA handled $223-million more than in 2000.

"Governor [George] Pataki has asked us to try to increase our handle and this has always been the most effective way of achieving that goal," Schwartz concluded.

http://www.thoroughbredtimes.com/nat...out-rates.aspx

Never happened. NYSRWB put the kibosh on the proposal in early July, 2003.

The state Racing and Wagering Board informally decided July 1 not to allow NYRA to lower its takeout this week, a request NYRA officials believed would be automatic.

Read more on BloodHorse.com: http://www.bloodhorse.com/horse-raci...#ixzz1vnjDnjEy

[cj]

Right, and this set the trend for the future with regards to NYRA takeout reductions. It all had to do with OTB which was a big factor in NYRA struggling financially. They couldn't do what they wanted because OTB was such a big political tool.

[MadWorld]

Originally Posted by FenceBored

Never happened. NYSRWB put the kibosh on the proposal in early July, 2003.

The state Racing and Wagering Board informally decided July 1 not to allow NYRA to lower its takeout this week, a request NYRA officials believed would be automatic.

Read more on BloodHorse.com: http://www.bloodhorse.com/horse-raci...#ixzz1vnjDnjEy

Doesn't Hayward's email make more sense in this light? It is clear the state does not want to lower takeout and every action they make is against lowered takeout. Pay attention indulto, jelly, and thaskalos...

The state has no interest in racing and no interest in making horseplayers happy.

They want a convention center at Aqueduct, not improved racing.

[Tom]

Originally Posted by thaskalos

Funny...

When I was venting against California Racing because of their takeouts...nobody accused me of having a "hidden agenda".

I am not anti-NYRA or anti-CHRB...I am pro-horseplayer.

If you intentionally hurt the player...then I am against you.

Plain and simple...

Does the corruption within the state of NY fully excuse NYRA for the scandals that they themselves have been mired in for years?

What scandals?

What about NYRA handing over their properties tot he State during the franchise activities - was not 100% a help to not only NY Racing but the entire nation, seeing how no one has the handle NYRA has? The state was willing to cause an interuption to racing in NY over this - NYRA stepped up to the plate and kept this from happening,This is NOT the same NYRA franchise from years gone by - this one was recently APPROVED by NYS in return for those properties. Was NYS lax in it's duties to the state by doing this? If so, how can you justify them taking over?

[FenceBored]

Originally Posted by cj

Right, and this set the trend for the future with regards to NYRA takeout reductions. It all had to do with OTB which was a big factor in NYRA struggling financially. They couldn't do what they wanted because OTB was such a big political tool.

Yeah well, except they did reduce non-carryover P6 takeout the following year, in 2004.

The New York State Racing and Wagering Board backed a plan proposed by NYRA to lower the current 20% takeout rate to 15% on non-carryover days, or days when there is a fresh wagering pool. The lower takeout takes effect April 1.

Read more on BloodHorse.com: http://www.bloodhorse.com/horse-raci...#ixzz1vnqf9qq1

[OTM Al]

Originally Posted by thaskalos

I've only lived in Chicago for 40 years, and have seen 3 of our governors go to jail...so of course I need New Yorkers to teach me about government corruption.

Does the corruption within the state of NY fully excuse NYRA for the scandals that they themselves have been mired in for years?

Can you point me to even one anti-NYRA post that you have submitted here during NYRA's scandal-ridden tenure?

If you are not fair and unbiased on this...then what's the use of talking to you?

The reason the ACLU doesn't take gun rights cases is because there is already another major group that takes care of them. There's enough bashers out there to take care of that side of the argument. You may be wiser to look when I don't comment than when I do if you are so concerned about my feelings.

And which tenure are you talking about? There has been an organization of this name since 1955, but if you think it has been the same throughout all that time, you are the one being unfair. The only ones with the long tenure pulling strings are the NYS politicians. Count yourself lucky that at least your state prosecutes these guys. A few get caught here, but most just keep going along.

We here know full well about all these "scandals". There have been real ones to be sure. In the 70s, you know the good old days, the mob was fixing races. Yes, tellers were abusing the till and got caught. But many other of these scandals were fabrications, which our great newspapers gave one side of and then never reported on when they were found to be false. If you'll notice, I haven't said anything about the takeout issue since the emails were printed and I'm not going to. This is because I don't know what really happened and why certain things were said or even what they really mean, and neither do you. Difference is I'm not going to go out and potificate for the "side of right". I'm not going to say anything until I know what happened. Any thing else is uniformed speculation and seeing that is what the net is best for, I see no need to add to it.

[Indulto]

Originally Posted by Dahoss9698

So...off topic guys but what color t shirt should I wear to the Belmont if I am protesting internet advocates who are misinformed? I thought the idea of wearing different color shirts was a fantastic one and am ready to run with it.

Now that was funny. You do have a sense of humor after all.