We received an email this morning from a player about slots. He relayed to us that we should be very proactive on alternative gaming here at HANA because that gaming is not brought into racing with a proper plan. He is right. Slots deals previously written have thrown our game for a loop. Slots decrease handle and we knew that before they were introduced. Slot tracks steal stock from non-slots tracks and hurts the game in jurisdictions like KY who are without them. Once again we knew that would happen before they were introduced.
Why is new legislation passed without a thought for the stewardship of the game? Who is looking after the greater good?
This morning we have another salvo, piercing the heart of horse racing handles: Sports betting has been passed in Delaware.
We all know that this will peel off players, killing their racing bankrolls, and hurt racing handles. I read nothing in this plan to help the racing customer. We are repeating the same mistakes we have with slots, and it seems once again, there is no one there looking out for the overall health of horse racing handles, and its growth when revenues from all these new forms of gaming are gone.