I just reviewed the 2016 Jockey Club Roundtable reports. Multiple times they referred to a 5 year old study predicting inevitable contraction in the industry, yet never produced any results to indicate the declines had been affected. A classic dysfunctional business move is to report on activity, NOT RESULTS.
Here's the link to the agenda which contains links to all the reports:
A couple more tables follow which should help explain dissatisfaction with an industry I care about, though it only seems able to shuffle deck chairs on a slowly sinking ship. As I've said for years, locally and nationally, substantive innovation in our sport and gaming attraction, not stupid tweaks, are the only answer. This is true for any industry or individual business in trouble! Meanwhile, another half decade of decline is in the books and substantive innovations related to the sport, gaming, breeding and medication reform have yet to occur.
Oh and by the way, an occasional positive data point, a microchip, a camel race, a Triple Crown winner or a one year slight uptick in anything, has nothing to do with long term economic improvement. Only "systemic" innovation will!
Dave Astar is a race horse owner, stallion owner, breeder, 40 year business executive, and 50 year handicapper.