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Tuesday, March 22, 2011

Five Ways To Improve the Industry

Including comments from you at HANA, and Cary Fotias.

They are all here.

5 comments:

kyle said...

Just more evidence of how clueless and self-serving industry insiders are. The one guy besides Fotias and Platt who even mentions pricing or gambling comes up with the bright idea that tracks should collude on pricing.

Scott Ferguson said...

Actually collusion is not such a bad thing if it resulted in consistent, bettor-friendly margins across all venues. After all, North America is the only place where individual tracks set their own rates - Australia, NZ, Hong Kong, France etc all have the same pari-mutuel takeouts across the board (as does the UK but the tote is small fry). But left in the hands of owners, they'd up it to 25% WPS and too bad if you never come back....

kyle said...

Except Scott, here in the good old USA collusion and price-fixing are kind of frowned on. They violate anti-trust laws.

Pacingguy said...

These are socialist countries. The federal government can come in and set the rules. In the United States, the power is left to the individual states to rule and egos prevent cooperation.

Also, in those countries, gambling is considered a legitimate activity while in the States, it is considered a vice so government looks at gamblers as degenrates and treats them the same way.

Scott Ferguson said...

of course Kyle - but rather than collusion and price fixing (which is frowned upon everywhere in the western world), it is a united industry with central management (i.e. your proposed commissioner role) and everyone singing from the same song book. Companies aren't in competition with each other as they all have the same stakeholders. I fear you are too far gone to ever find that harmony...