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The owners of the Twin River slot parlor intend to ask a federal bankruptcy judge to break their contract with the kennel owners who provide dogs for the greyhound races at the Lincoln gambling venue.
.
Lawyers for BLB Investors LLC, the track’s owner, were working on their legal filing late into Saturday night — as greyhounds raced around the track for perhaps the last time this year.
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.... live dog racing attracts very few spectators, and the limited numbers that do attend races at Twin River do not spend [nearly enough] on food and beverage or [on video lottery terminals] to offset the actual costs of operating the racetrack,” the legal draft states.
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SATURDAY AFTERNOON, on potentially the last day of racing,
.
about a hundred or so people,
.
mostly men,
.spread themselves out among the tables and carrel-like tiers in the air-conditioned grandstand.
.
According to Clyde Barrow's own report presented to Senator Spilka's Casino Love Fest, Massachusetts resident are contributing --
.Twin River/Newport Grand $210.8M [million]
.
Mr. Barrow's report projects a steadily increasing rate of "MASSACHUSETTS MONEY GOING OUT OF STATE" even as evidence indicates declining revenues.
.
It sure is a quandary!
.From the archives --
Watch the Numbers!
Job Creation: Minimum Wage Jobs?
RI Greyhounds Gone Saturday, Aug 8
Low Paying Jobs With "Racinos" or The Mad Hatter's Tea Party
Unintended Consequences
Questioning figures?
Casino Gambling, Question #3 & Clyde Barrows
EXCERPT --
LAST LEGS comments --If the greyhound track were a sick patient, its prognosis would be grim.Overall revenues for the track have fallen all but one year since 1998, amounting to a 25 percent drop by 2007.
Meanwhile, records show the amount bet on live dog racing has plummeted by 61 percent over a decade, and it has made up a smaller percentage of the handle, or total amount bet, each year.
“It’s not doing as well as it once did, but that’s only because we haven’t allowed them to compete,” said state Sen. Marc R. Pacheco, D-Taunton.
State gambling expert the Rev. Richard McGowan, a Boston College business professor, predicted dog racing would likely be on the outs, even if Question 3 fails.“There’s a little bit of irony here,” McGowan said. “Even if they lose this vote ... there could very easily be no dog track because nobody is making any money off (them).”
Mega Barf Bark Time for Question #3
Move On!
Here We Go Again!
Time For A Natural Death
Reform? Where is it?
Vote YES on 3
A Dead Industry!
YES on Question 3
An Invitation to Corruption?
Just the facts, ma'am
The Racino Job Mythos
Twin Rivers Suspends Racing
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