Excerpt:
On historical horse racing machines in California
Tim Ritvo: It's in the works. We will be applying for it at the California Horse Racing Board meeting. We'll be putting it into our license application and we believe we would be on solid ground legally with historical racing because it is based on the outcome of a historical horse race. They are not slot machines, they are historical racing machines, and we think they would be an added amenity to the entire property from a bunch of different perspectives. They would drive pari-mutuel wagering and handle by having more people come to the facility, generate purse money. California is one of the only places where “A level” tracks compete without a subsidy (from slots or casino gaming). Also, when you look at the development component, if we are successful, then hotel operators start to look at the facility and incorporate the entire master plan of what we are looking at.
Belinda Stronach: It's another product offering, another amenity for the guests that come to our venues. It's a derivative of the platform we already have.
===================================
I chose California excerpts but the article encompasses a lot more than that.
