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Maryland Slots Rally...

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  • Maryland Slots Rally...

    This is taken from the Laurel Park site...

    http://www.laurelpark.com/NewsEvents...olis110207.htm
  • Original Poster

    #2
    Another link...

    http://www.nbc4.com/news/14498726/detail.html

    Comment


    • #3
      Maryland will get it's slots but if you read the previous mentioned article, which is all true, the monies are going to education and not to the horse people. Read the locations. They are not race tracks. I just spoke with a local Senator and he doesn't think the Preakness will be in Maryland one more year. He said many people testified that they have already moved or are buying real estate in Pa because Md is dead to the horse people. Sorry this is last rights for Md Racing Industry. Horse people are resilient and they will merely move the horses and the farms to another state. The employees will follow. Location location location and the politicians of the state single handedly allowed Maryland to lose it's stature as a racing giant.

      Comment


      • #4
        What are you talking about? Laurel isn't a race track? Ocean Downs isn't a race track? And the racing industry gets a cut of the off track slots parlors as well if you read the whole proposal. As far as what the state spends their share on, education sounds as good as anything to me. Why would that be a bad thing?
        McDowell Racing Stables

        Home Away From Home

        Comment


        • #5
          I wish you were right. I hope you can be.

          Comment


          • #6
            Originally posted by BridalBridle View Post
            I wish you were right. I hope you can be.
            What does that mean? Are you saying that Laurel is not a race track?
            McDowell Racing Stables

            Home Away From Home

            Comment

            • Original Poster

              #7
              The location in Anne Arundal County will most likely be Laurel Park... I cant imagine anywhere else... Ocean Downs may be another matter... I know they are fighting hard not to put slots there... they feel it will ruin the family atmosphere in O.C.

              However, the cut that the racetracks will get is the smallest percent of any state that has slots at racetracks... once it is divided up between the track owners, what trickles down to purses will be very small, and probably wont make much of a difference. It will keep racing alive, as long as there are horses in Maryland...

              I'm afraid even with slots it racing in Maryland will change as we know it.

              Not the best deal for horsemen, thats for sure, compared to other local states, but it looks like we are willing to take what we can get at this point.


              http://www.nbc4.com/politics/14477483/detail.html

              Comment


              • #8
                Originally posted by Laurierace View Post
                What does that mean? Are you saying that Laurel is not a race track?
                I hope the monies go to the race horse industry.
                \
                Sure, I'm arguing that Laurel and Ocean Downs are not race tracks..WTF were you thinking to even ask that???? ..

                Comment


                • #9
                  Originally posted by BridalBridle View Post
                  I hope the monies go to the race horse industry.
                  \
                  Sure, I'm arguing that Laurel and Ocean Downs are not race tracks..WTF were you thinking to even ask that???? ..
                  WTF were you questioning that that slots wouldn't be at race tracks if you know that Laurel is a race track? How is that for matching your maturity level toe to toe?
                  McDowell Racing Stables

                  Home Away From Home

                  Comment


                  • #10
                    Originally posted by Laurierace View Post
                    WTF were you questioning that that slots wouldn't be at race tracks if you know that Laurel is a race track? How is that for matching your maturity level toe to toe?
                    You are truly an asset to the racing industry. Keep at it.

                    Comment


                    • #11
                      Originally posted by BridalBridle View Post
                      I just spoke with a local Senator and he doesn't think the Preakness will be in Maryland one more year.
                      Wouldn't be the first time. The Preakness ran in Brooklyn, NY, for twenty years until 1907.
                      **********
                      Starts with an 'S,' ends with a 'T.' You figure it out.

                      **********
                      "Houston, Tranquility Base here, picking up where we left off ..."

                      Comment

                      • Original Poster

                        #12
                        Okay, I'm going to try and clear a few things up...

                        Bridle... the one article does state only counties and locations for slots... although it is also noted on other sites that Laurel Park will get slots... as well as possibly Ocean Downs.

                        70% percent of the revenue from slots will go to the State... the other 30% to the tracks... where it will be divided up, track owner, purses, etc...

                        Comment


                        • #13
                          Originally posted by Acertainsmile View Post
                          Okay, I'm going to try and clear a few things up...

                          Bridle... the one article does state only counties and locations for slots... although it is also noted on other sites that Laurel Park will get slots... as well as possibly Ocean Downs.

                          70% percent of the revenue from slots will go to the State... the other 30% to the tracks... where it will be divided up, track owner, purses, etc...
                          Keep in mind that DeFrancis gets a huge precentage, I can't remember the exact number, but it is over 50% of the 30% for the first five years that slots are in place. Sure doesn't leave much left to divvy up but I guess its better than nothing.
                          McDowell Racing Stables

                          Home Away From Home

                          Comment


                          • #14
                            Under the terms of Magna's purchase, disclosed in 2002 filings with the Securities and Exchange Commission, Joseph A. De Francis and the other previous owners would take in 65 percent of Magna's slots profits for the first five years, 50 percent for the next five and 40 percent for the next decade.

                            Wow, that is a mega cash cow, no matter how you look at it.
                            McDowell Racing Stables

                            Home Away From Home

                            Comment


                            • #15
                              65% of nothing is nothing

                              Comment


                              • #16
                                Bridal...

                                out of sheer curiosity, what Md. Racing Association liscense do you have?

                                Owner?
                                Trainer?

                                I would just like to know what your level of involvement is with the Md backside?

                                Everyone knows I am an assistant trainer, and a steeplechasing trainer. Laurie is an owner and a trainer.

                                What are you exactly??

                                ~Emily
                                "Courage is not the absence of fear but rather the judgment that something is more important than fear. The brave may not live forever but the cautious do not live at all." ~2001 The Princess Diaries

                                Comment


                                • #17
                                  Politically involved and connected. How about you?
                                  Have been an owner (G1 St winners..shocked??) What does it that matter?

                                  Comment


                                  • #18
                                    Well I can't speak for Emily but to me if you are a race horse person in the state of MD then you and I should be on the same side of this issue. We are doomed if everyone is as negative as you are. In a sport where a 20% win percentage puts you in the hall of fame, you have to learn to look for the bright side, even if it is buried under miles of red tape.
                                    McDowell Racing Stables

                                    Home Away From Home

                                    Comment

                                    • Original Poster

                                      #19
                                      I agree Laurie, all owners, trainers and track employees should be on the same page... looking at the bright side has been hard, and I try to have the attitude that it's not over till it's over... period.

                                      Maryland may indeed lose the status as a racing giant, although it appears that it's already happened, but I dont feel like racing is dead to horse people as Bridle has stated... There are still many horse people and TB farms in Maryland, and with a little luck we will pull ourselves out of this mess.

                                      Comment


                                      • #20
                                        I can't quite figure out exactly what BridalBridle is trying to accomplish. We all know we need slot machines. If you are trying to predict the future, great, throw me some lottery numbers.
                                        Man plans. God laughs.

                                        Comment

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