Saturday, October 18, 2008

A Rising Tide lifts up all boats

....and a low tide brings all boats down, including Horse Racing which is not immune to the current economic times.

NYRA has announced that they will cut purses by 10 percent for the Aqueduct winter meet starting October 29, 2008. CEO Charlie Heyward cited the bad economy and handle declines of 10.6% @ Saratoga this summer and 10% decline thus far at the fall Belmont meet. As previously blogged about here, admission and parking will be free at the Big A this winter.

No comments: