Frank Stronach, Canadian politician and businessman, recently was a part of a Q&A session at the Gideon Putnam Hotel. On being asked his views on state lotteries and gambling in casinos, he said that these options come nowhere close to the thrills and excitement of horse betting. The racing mogul, one of the richest people in the country, owns some of the famous racetracks like Santa Anita, Gulfstreamn, and Pimlico among others.
Improvement on the track
He even mentioned that the promises of racing being kept afloat by revenue from casinos will also be broken eventually. He feels that the politicians are responsible to some extent for creating a partition between the gambling audiences, which previously would stick only to horse betting. On the other hand, he is aware that the quality of racetracks is also coming down. To ensure that betting on horses continues getting the kind of attention it got initially, it is necessary to provide best-in class features to its high-profile gamblers. Apart from making race tracks more appealing to the younger crowd, basic facilities like better seating arrangements and food too need to be provided.
In addition to providing quality service, racing also needs to be monitored closely to ensure that the horses are not abused, there is no cheating, and that the workers are not mistreated.
Work in harmony
Stronach also feels that the industry has to work together to be able to bring back the kind of repute that was associated with racing, in the past. Today there are a lot of options for people to have fun, or to gamble, so the industry needs to give them enough reasons to believe that what racing can offer, no one else can. He is also against the idea of racetrack owners shifting from the main focus of offering a place to race and instead concentrating on turning the place into a real estate play.
However, Jeff Gural, another biggie in the industry shares his experience by mentioning that it is difficult to get the younger lot into racing as all they want to do is have a good time and not really part with their money.