Racetracks and movie theaters have at least two commonalities: They are both multi-billion-dollar entertainment businesses and customer attendance at their physical facilities is increasingly threatened by information and communications technologies. Racetracks have seen customers migrate to off-track locations and to remote wagering over the telephone or Internet. Customers of movie theaters have a variety of alternatives, such as renting and buying [...]

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The Eclipse Awards for the champions in the various divisions of Thoroughbred horse racing and the award for Horse of the Year are determined by the voters from the National Thoroughbred Racing Association (comprised of Equibase and racing secretaries), the Daily Racing Form, and the National Turf Writers Association. These three organizations do not vote [...]

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The phrase alternative gaming is commonly used in the horse-racing industry to refer to forms of gambling besides pari-mutuel wagering, and in particular to the addition of video lottery terminals at racetracks, or racinos. The term is a misnomer. What base or core service do racetracks provide to customers? Not horse racing. What fundamental or [...]

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