Most of the time a decline on the revenue side of a business or an industry is viewed with concern. An exception is depicted by recent data released by The Jockey Club pertaining to trends in North American Thoroughbred breeding. Following is a summary of the Jockey Club information: The number of stallions that bred [...]

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The California Assembly and the California Senate have sent a bill to Governor Arnold Schwarzenegger that increases the takeout rate on exotic wages and legalizes exchange wagering. The latter permits one-on-one betting on a horse to win or lose and at odds negotiated between the bettors. The takeout rate hike would go into effect when [...]

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Once or twice a year, I drive about two hours from my home in Ohio to attend the races at Presque Isle Downs & Casino in Erie Pennsylvania. Erie, Pennsylvania is an old industrial town on the south shore of Lake Erie, about 93 miles southwest of Buffalo, New York, 103 miles northeast of Cleveland, [...]

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