DATA POINTS
2008 vs. 2007 Performance
- Dow-Jones Industrial Index -33.8%
- Nasdaq -40.5%
- Standard & Poor’s 500 -38.5%
- U. S. Automobile Sales -18.0%
- Nevada Gaming Revenues – 8.3%
- Macao Gaming Revenues +31.0%
- U. S. Pari-Mutuel Handle – 7.2%
- U. S. Thoroughbred Auction Revenues, Yearlings -16.7%
- U. S. Thoroughbred Auction Revenues, Weanlings -34.2%
ANALYSIS
There is insufficient evidence to determine, at this time, what proportion of the downward trajectory of the U. S. horse racing industry in 2008 is due to a secular trend and what proportion is due to recession.
Exactly! You can’t point to one number in one instance and come up w/ one reason. To really examine horse racing you need a CPA degree and no bias. I would imagine our racing numbers aren’t quite as bad as retail.
Macao and all those other countries same thing. The culture is so different it’s pointless comparing.