Quote:
Originally Posted by AndyC
A closer look at Australia would show that they are down in every category except "fixed odds" and "bookmaking". So not exactly comparing apples-to-apples.
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Interesting you mentioned fixed odds.
I was just thinking this morning about Stronach. He along with Churchill and maybe some other companies have been buying multiple racetracks. They've spent probably billions of dollars to consolidate the industry, but
where is the great innovation that any of them have done?
Simulcasting is the last big innovation I can think of. ADWs and online betting is an extension of phone betting. Christ, it took forever for racetracks just to build a webpage.
When I devised the concept of a betting exchange in the late 1990's I knew it was a breakthrough idea that could change the game -- a paradigm shift. I wrote about it for HANA
http://blog.horseplayersassociation....igm-shift.html
Twenty two years later the biggest idea in betting since the pari-mutuel is still not widely available in the U.S.
You can't expect youngsters to be like their parents and grandparents.
Making land grabs and lobbying governments to build casinos that subsidize purses is hardly great innovation.
Where are the great innovators in the industry?
I hope the new innovators appear soon. Youngsters do not want the same things as their parents and grandparents and great-grandparents.
