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re: Fair Grounds racing season is in peril after owner says it plans to pull out of Louisiana
Posted on 6/11/25 at 12:07 am to Slagathor
Posted on 6/11/25 at 12:07 am to Slagathor
It's my understanding that the HHR machines are not random like a video poker machine. Its based on historical races. That makes it gaming and not gambling. Or some such.
Posted on 6/11/25 at 12:14 am to profdillweed
Gayle Benson, or GMB racing, hasn’t started a horse in two years. I doubt she’s interested in buying the Fair Grounds. The Bernhards are much more involved on the racing and breeding ends so I could see them buying the Fair Grounds if available.
Posted on 6/11/25 at 12:46 am to LSUFanHouston
quote:
$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
If we only have four tracks, why does the state have so many regulations regarding horse racing? We should let the tracks run as they see fit
Posted on 6/11/25 at 4:43 am to soccerfüt
quote:
Something tells me you aren’t familiar with how wealth in 2025 works and how much revenue an NFL franchise generates over the past 40 years, her familial debt obligations be damned.
There is an old adage about extremely wealthy people and debt.
When you owe the bank a few thousand dollars the bank owns you, but if you owe the bank millions or in Gayle’s case possibly billions, you own the bank.
In Gayle’s case, a valuation of the Fair Grounds of as much as 100 million amounts to nothing more than walking around money or a big player contract in the NFL or NBA.
As a gambler myself, I always stayed away from slots at the Fairgrounds and the OTB parlors. I felt they were gimmicky or glorified video poker machines with bonus slot games.
I didn’t know that the slots were tied in to historical horse races, I had heard of slots tied to bingo games in class 2 gaming especially at some Indian based casinos. You could tell the difference in that there would be a bingo card somewhere on the machine showing your bingo combination that yielded the payout instead of depending on a random number generator built into the slot machine. HHR would be something similar to slots without a RNG for payouts, instead of associating with an RNG for wins, it would randomly chose a horse race in the system to determine your level of win.
So let’s say it pulled a race where the horse with the worst odds won, that would somehow get displayed on the slot subtlety along with your win. A regular slot player would not know this unless they would look for it.
Posted on 6/11/25 at 9:16 am to soccerfüt
quote:
Something tells me you aren’t familiar with how wealth in 2025 works and how much revenue an NFL franchise generates over the past 40 years, her familial debt obligations be damned.
I know exactly how wealth works.
Many other businesses owned by Benson are not doing as well as the professional teams. Dixie Beer, for example, is all but a total loss. The dealerships are not the cash cows they were under Toim's stewardship as she focused nore on keeping the glamour brands. GMB racing is all but dead, Much of her Corporate Realty holdings are heavily leveraged and the value of the holdings like Energy Centre and Benson Tower have dropped as vacancies in New Orleans office space have risen. Her philanthropy is wonderful for the city but drained much of her liquid assets as she tries to put her name on everything.
Along with control of the $1 billion Shirley Benson trust, which included Lone Star Bank, shares in auto dealerships, and real estate in Texas and Nevad, Gayle had to issue a figure said to be over $500 million in promissary notes backed by the value of the sports teams to strip the other heirs of their ownership shares..
Gayle cannot sell shares to free her capital from the value of the Saints and Pels. She must borrow. And the NFL and NBA have rules over how much of a team can be leveraged as such.
This post was edited on 6/11/25 at 9:18 am
Posted on 6/11/25 at 9:39 am to Cell of Awareness
quote:
Dixie Beer, for example, is all but a total loss.
Hasn’t that already been sold?
I would agree with you that she probably can’t afford to buy an MLB team.,but I have no doubt she could leverage what is needed to buy a discounted fair grounds (discounted because CD has badmouthed the value and repairs are needed)
Posted on 6/11/25 at 11:14 am to Cell of Awareness
didn't she also sell Fox 8 after Tom died or did they sell that before he died?
Posted on 6/11/25 at 11:26 am to N2cars
That's not true. Whereas no longer a marquee sport, there's lots of people who go to the track on weekends and holidays like Thanksgiving, New Year,s and Mardi Gras Day....just to mention a few.
Thanksgiving weekend is pretty big on the attendance and betting action.
.
Thanksgiving weekend is pretty big on the attendance and betting action.
.
Posted on 6/11/25 at 11:32 am to KiwiHead
quote:
That's not true. Whereas no longer a marquee sport, there's lots of people who go to the track on weekends and holidays like Thanksgiving, New Year,s and Mardi Gras Day....just to mention a few.
What’s their average age
Posted on 6/11/25 at 1:28 pm to chalmetteowl
Oh, it's middle aged and up mostly.
Posted on 6/11/25 at 1:36 pm to KiwiHead
quote:
Thanksgiving weekend is pretty big on the attendance and betting action.
Thats tFGs opening weekend. I would hope they have a crowd. If not, they're in worse shape than thought. Go to the tracks on regular race days (weekdays, no stakes races or promotions) and the crowds are very small.
Posted on 6/11/25 at 1:45 pm to slidingstop
They open the weekend before now.
Posted on 6/11/25 at 1:46 pm to ChestRockwell
I mean… I was not going to put her name out there. You should really edit that.


Posted on 6/11/25 at 1:47 pm to ChestRockwell
she retired 10 years ago
Posted on 6/11/25 at 1:54 pm to profdillweed
She’s the person who got it registered as historic. But her name should not be out there.
Posted on 6/11/25 at 1:56 pm to slidingstop
I've been on a weekend in the early Spring for regular races and there are decent crowds. It's never gonna fill up, but the attendance is good. Now weekdays except selected Fridays....like before Christmas are for the degenerates.
Posted on 6/11/25 at 2:02 pm to KiwiHead
quote:
Now weekdays except selected Fridays
right, thats the days I was referencing.
Posted on 6/11/25 at 2:10 pm to slidingstop
is there a good reason racing couldn’t just be FRI/SAT/SUN and holidays?
Posted on 6/11/25 at 2:15 pm to Aspercel
im not going to argue with you....i dont know her background I just know who she is and her name
im sure you know more than most of us
im sure you know more than most of us
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