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Fair Grounds racing season is in peril after owner says it plans to pull out of Louisiana
Posted on 6/10/25 at 5:19 pm
Posted on 6/10/25 at 5:19 pm
LINK
quote:
The upcoming horse racing season in New Orleans is in peril after the owner of the Fair Grounds Race Course & Slots said it plans to give up its racing and gaming licenses following a failed effort to get state legislators to agree to a subsidy to replace lost revenue from slots.
William Carstanjen, the chief executive of Churchill Downs Inc., which has owned the historic track for the last two decades, told the Louisiana State Racing Commission and state legislators in a letter dated June 9 that the company plans to relinquish its license to operate the track and its other 13 off-track betting operations at the oversight board's next meeting.
The racing commission's executive director, Stephen Landry, said Tuesday that he's seen the letter but the commissioners haven't yet set a date for the meeting. He said they expect it will be held sometime within the next 30 days. He declined to comment further.
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Posted on 6/10/25 at 5:24 pm to Major Dutch Schaefer
There is a deal to be made , but I fear Jeff Landry is about to FAFO. We may have some form of racing post CD, but kiss meaningful 3 year old stakes races goodbye. Without CD’s money and participation , you the talent and attention will drop tremendously.
Posted on 6/10/25 at 5:37 pm to Major Dutch Schaefer
$22 million per year for the 4 tracks as a set aside to help offset the loss of HHR, but Churchill says the state won’t work with them
I think the real issue is they want to get out of the improvements they promised to make
I think the real issue is they want to get out of the improvements they promised to make
Posted on 6/10/25 at 5:39 pm to Major Dutch Schaefer
quote:
get state legislators to agree to a subsidy to replace lost revenue from slots
You gotta be kidding me. Hell no.
Posted on 6/10/25 at 6:00 pm to Major Dutch Schaefer
The explosion of gambling in Louisiana is out of control and is nothing more than a money grab for tax revenue and corporate profits from those who cannot control themselves.
Let them pull out…F them
Let them pull out…F them
This post was edited on 6/10/25 at 8:42 pm
Posted on 6/10/25 at 6:11 pm to Major Dutch Schaefer
Old news.
Churchill trying to strong arm people bc they can’t get their way. No racing dates accepted? Slots shut down and they pay a daily fine. Those assholes won’t do it.
Thank god it is listed as historic so they can’t sell it for development like they usually do.
Churchill trying to strong arm people bc they can’t get their way. No racing dates accepted? Slots shut down and they pay a daily fine. Those assholes won’t do it.
Thank god it is listed as historic so they can’t sell it for development like they usually do.
Posted on 6/10/25 at 6:12 pm to Major Dutch Schaefer
quote:
pull out
If only TigerBait2008’s father had done this
Posted on 6/10/25 at 6:15 pm to Major Dutch Schaefer
Have thought for some time that a really nice racing grounds would be a solid investments in Louisiana.
Posted on 6/10/25 at 6:15 pm to LSUFanHouston
quote:
I think the real issue is they want to get out of the improvements they promised to make
Gotta use that money to further overdevelop Churchill for things only used 3 days a year
The state stood up to them before and refused to grant their 10 year slot extension unless the slumlords made necessary safety upgrades. The turf course was almost unusable. They gave Churchill a list of demands.
And it’s not slot revenue, they are allowed that. It’s “historic racing” which apparently makes more $.
Roussel slapped them around publicly a bit for this latest stunt.
This post was edited on 6/10/25 at 6:17 pm
Posted on 6/10/25 at 7:12 pm to Skippy1013
Nobody GAS about horse racing outside of the Kentucky Derby- which is overrated AF, but fun to attend once.
Posted on 6/10/25 at 7:18 pm to N2cars
Some of us do.
But frick churchill.
If they don’t run this year they should have to give up jazz fest. No revenue for you, slumlords!
This post was edited on 6/10/25 at 7:20 pm
Posted on 6/10/25 at 7:21 pm to N2cars
quote:
Nobody GAS about horse racing
That’s cute that you think this.
Posted on 6/10/25 at 7:27 pm to Major Dutch Schaefer
I wish they had closed it in the 70s and maybe my dad wouldn't have been such a broke arse degenerate....I take it back, it was his destiny.
Posted on 6/10/25 at 7:28 pm to Major Dutch Schaefer
Imagine subsidizing gambling. Insane.
Posted on 6/10/25 at 7:42 pm to N2cars
The old Fairgrounds was great, the new one not so much. The old Fairgrounds was laid out for socializing, you could get a table for 20 or more in the Jockey Club, you and your date drinking all day, racing was secondary to the eating and drinking.
I think the Jockey Club was $2 and jacket required. That kept all the riff raff out.
I think the Jockey Club was $2 and jacket required. That kept all the riff raff out.
Posted on 6/10/25 at 7:47 pm to Major Dutch Schaefer
Hopefully the dachshund races in March won't be pulling out.
Posted on 6/10/25 at 8:08 pm to Major Dutch Schaefer
This is old news
Either Gayle Benson or Jim Bernhardt will buy it.
Those are the 2 front runners
It all comes down the slots. Not horse racing.
Either Gayle Benson or Jim Bernhardt will buy it.
Those are the 2 front runners
It all comes down the slots. Not horse racing.
Posted on 6/10/25 at 8:12 pm to Aspercel
quote:
Thank god it is listed as historic so they can’t sell it for development like they usually do.
Yea, they're pretty much backed themselves into a corner. They need to make improvements and try to grow it themselves, or sell it to another firm, probably at less than market value because the options of what can actually be done with it are extremely limited.
Posted on 6/10/25 at 8:30 pm to LSUSkip
The lady who got it listed is my hero.i knew she was working hard on it before she retired.
This post was edited on 6/10/25 at 8:31 pm
Posted on 6/10/25 at 8:34 pm to profdillweed
What I don’t fully understand is why “historic racing” is so much more profitable than slots. Less fees to run? Isn’t it very similar to slots? I’ve never been anywhere with the machines. That’s what this boils down to. Slots are no longer “profitable” to them. They wanted to install historic racing machines without going through the proper channels.
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