Maryland Race Tracks Hesitant Over Slots Referendum Campaign - 03-26-08
March 26 - Despite having spent literally millions of dollars on campaigns
and promotions in recent years, two prominent race tracks in Maryland have not
yet decided whether to continue campaigning for the introduction of slot
machines at the tracks to boost their revenue.
Maryland voters go to the polls in November to vote whether to allow the
expansion of gambling activities in the state and two racetracks are set to
benefit directly if slot machines are allowed to be set up at these locations. Maryland slots and gambling proponents have fought for years for the
introduction of slot machines at race tracks to bolster the revenues of an
industry that is seeing poor performance in recent years.
The two tracks, Ocean Downs and Laurel Park, have said that they would be
waiting it out until later in the year to see where the winds blow in terms of
public feeling for the referendum and the introduction of Maryland slots.
Experts predict that a successful promotion campaign could set gambling
proponents back in the environs of $15-million and the race tracks are hesitant
to sink any more of their money into a campaign that may not have much impact on
Marylanders. Recent polls show that most citizens of the state are in favor of
legalizing gambling and slot machines, removing the need for massive advertising
and promotion campaigns. "It's going to take a lot of bad press to turn public
opinion around," said William Rickman, owner of Ocean Downs.
If the Maryland slots and gambling laws were passed, race tracks would have
to bid the state for slots licenses and taking part in a bad press campaign
against the government could hinder these companies' chances of getting their
licenses approved. This is another reason cited by race track owners for their
hesitance to take part in the Maryland slots and gambling campaign.
A spokesman for the Maryland Thoroughbred Horsemen's Association said in
response: "This is going to be a very expensive campaign. Without the full
financial participation of all the stakeholders, we simply won't have the money
to do the job."
Other Articles: 51st Running of Illinois Derby This Saturday - 04-02-08Coolmore Stud Valued At 4 Billion Euros - 04-01-08Horse Racing Free Tips Yield Bonanza Profits - 03-31-08Dubai World Cup Meeting Free Tips! - 03-28-08Dubai Duty Free Could Go To Herman Brown - 03-24-08Dubai World Cup Betting Trickier With Full Field - 03-20-082008 Kentucky Derby Contenders Ranked - 03-18-08War Pass Fails Badly In Tampa Bay Derby - 03-17-08
|